5 Signs You're Ready to Build a New Home

Building a new home is a huge decision, so you want to be sure the timing is just right.  Before you start your new home journey, here are some of the signs you should be looking for.      

Space is at a premium

If you feel like you don’t fit in your current residence – you’re either starting a family or your family members are leaving the nest – chances are it’s time to see what else is out there that can provide what you need.  

You have the money

 If you’ve reached financial stability and are ready to spend the money, go for it. Homeownership is a great asset to have, with a decent return on investment. Plus, depending on the area and home, your monthly mortgage payments may be the same or not much more than what you’re currently paying in rent; with the added benefit of building equity, increasing value and earning tax breaks.  

You have realistic expectations

Even though building your own home means that you can get anything you want, you know what your limitations are. And when it comes time to get serious about creating your new home, you have no problem thinking practically and clearly about design, budget, and location. That’s a huge sign that you are ready.   

The “need to renovate” list is lengthy

If the list of things you want to change, replace or remove in older homes is substantial, it’s an indication that you should build a new home. It doesn’t make sense to force an incompatible existing home into your template. Building a new home means you can get what you want. And it reduces the chances of unwanted surprises, like bad wiring, old furnaces, and leaky windows.  

You’ve found the perfect spot

Don’t settle for living in a home or community you don’t really like. Listen to your instincts. When you’ve fallen in love with a new area, found a neighborhood you just have to be part of, or discovered a school district that’s simply spectacular, it’s time to make your move! The right home gives you a sense of stability, belonging and pride. If your current living situation doesn’t fulfill these needs, it’s time to go!     To learn more about building a new home in the Greenville, SC area, contact us at info@cothranhomes.com or (864) 777-0329 .