Thursday, January 26, 2012

Buying vs. Building a Home

 
The task of purchasing a home in Logan, Utah can prove to be something that is extremely time-consuming and often stressful. The process of building a home can rival a buying experience. Therefore, how do these two options compare when standing together? Logan, Utah real estate, whether provided through a brokerage or home-building company, offers residents various property and housing options. While lots in Utah, as well as large or small land lots in Logan have experienced a drop in price since the housing recession, land in Utah has held value and is experiencing an increase in value as of late.

The Ease of Purchasing

Many websites, such as http://www.loganhomevalues.com/, offer buyers access to Utah land lots and Utah homes all throughout the state. This has given home buyers the convenience of browsing, selecting, and purchasing land, Utah properties, and real estate in Utah from the comfort of their homes. Such unlimited access has completely changed the real estate market the game for Utah brokerages and agents, as well as home builders and contractors. Having the ability to make home customizations is what many people seek, while others are content to settle for purchasing a home and making do with what it offers. The list of pros and cons is continuous and requires some serious thought before making a decision.

Price Comparisons
Buying:
On average, Logan, UT homes begin in the mid and upper $100k range, and can greatly increase depending on location and home features. However, there are many foreclosures in Utah, as well as short sales and even Utah condos that can be purchased at all-time low prices. The only disadvantage of purchasing a foreclosed or bank-owned home can be dealing with the paperwork and the processing time for home closures.

Building:
Building a home in Utah offers the advantage of selecting from an array of pre-designed floor plans and features, or customizing as little or as much about your home as you desire. There happen to be hundreds of building companies in Utah that offer everything from simple "cookie-cutter homes" to immaculate cabins, homes, and townhomes in Utah. Many companies charge a set fee for the level of construction that you choose, as well as either coordinating with property owners, or themselves owning the lot on which you wish you build. Passed the basics, you can stick with what they have to offer, or you can pay additional costs for developing your own plans or upgrading features. You can expect this process to start in the one to two-thousand-dollar range.

Financing
Brokerages and builders work closely with financing and loan officers of Utah, which can help make the lending and closing processes much easier, since the financing officers and institutions have a working relationship with the Utah real estate agents and are familiar with their workings. Some Utah loan officers work almost exclusively with specific agents or builders.


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