Did you know your new house is your home, but it also could be an investment?
People can build a house for plenty of reasons. They build to live in their dream home, their first home, their retirement home, or their forever home. They might also build as an investment, or at least with the knowledge that building a home is a good investment. How can you know if your new home will be an economic safeguard?
Why Building a Home Is a Good Investment
Land Is Limited
Land is a limited resource, and having a more prominent say in the local community comes with land ownership. Building a house on your own land secures your wealth because it is limited and will always have value, especially if you can build on it.
Land Is a Long-Term Investment
Land also tends to appreciate, even though there is a risk of depreciation. Those who invest in land must play the long game and expect to wait for at least several years before it appreciates significantly. In the meantime, it can be an excellent place to call home.
New Construction Is Popular
New construction homes are popular. The number of people who have built homes has increased greatly in the past couple of years, and people enjoy living in relatively new homes with modern layouts and furnishings. A downside of new construction homes is that they can lack character and history compared to new homes, but a historic location and custom designs are a good compromise.
No Upfront Repairs or Renovations
New construction homes can have a higher upfront cost than older, pre-existing homes, but you won’t have to worry about renovations and repairs the moment you enter the door. If you would rather choose what goes in than rip out what’s old, then custom home building is a good fit for you. As an investment, it saves some effort in that regard.
Extended Warranties
Custom homes and their appliances come with extended warranties that help keep costs low if something malfunctions. It helps save a bit of money and gain you more should you sell.
Conclusion
Real estate investments come with risks. If you are in an area that could develop in the future or already is a great location, then you can be sure your new home will make a profit if you ever decide to sell.
LEARN MORE WITH SHORE-LINE CONSTRUCTION!
At Shore-Line Construction, we know that your home is a reflection of you. That’s why we strive to make each home we build as beautiful as the family who will live there. We work with each of our clients to design a home that fits their needs. The end result is a durable, energy-efficient custom home that the family will enjoy for generations to come. Shore-Line Construction has been serving our customers for over 25 years, and we look forward to the opportunity to help you!
If you’re interested in learning more about what Shore-Line Construction can do for you, check out our website or give us a call at 410-574-6623. Keep up with all of the latest news by following our blog and social media pages on Facebook, YouTube, Pinterest, and Houzz!
