Building A Home Over Renting
It is no secret that Fort Collins is one of the most desirable places to live, but that has brought many to the decision of building a home versus renting in the beautiful Northern Colorado area. Today, Classic Custom Builders is here to share with you some of the pros and cons of choosing to build a home over renting so that you can make the right choice to fit your specific needs. Continue reading to learn more, and contact our team today with any additional questions!
Major Differences Between Building and Renting
The obvious difference is owning your own home and building equity when you build a home versus handing your hard earned money over to your landlord each and every month. However, some may find that renting is easier as they are not responsible for dealing with the constant upkeep of the property.
Pros of Building a Home
Enables you to build equity
Owner of your own home
Customizable floor plan and design
Ensure your housing needs are met
You get to choose the specific location
Provides the freedom to renovate and make changes in the future
Cons of Building a Home
Having to find a home builder you can trust
Finding and purchasing land in the area you prefer
Upfront costs of the building process
How Today’s Home Market Plays a Role
The current home market in Fort Collins is hopping and has been deemed a seller’s market as many are being sold above their asking price due to there being more people looking to buy than there are homes currently available on the market. This makes buying land and building a home a solid investment as this is projected to continue in an upward trend. Additionally, building a home offers an easier option for owning your own home compared to trying to buy an existing home on the market.
Just like most major life decisions, choosing to build a home instead of renting in the Fort Collins area comes with pros and cons. However, we at Classic Custom Builders truly believe that the pros outweigh the cons on this one. With more than 30 years of experience building homes in Northern Colorado, you can rest assured that our team has the expertise and knowledge needed to guide you through your journey of building a home that you will love for many years to come. Get in touch today to get started!