Should You Buy or Build in Tampa Bay?

Published On: December 18, 2022|Categories: Blog, Buyers|Tags: Build or Buy a Home, Cons of Building a New Home, Cons of Buying an Existing Home, Pros of Building a New Home, Pros of Buying an Existing Home|

Are you in the market for a new home? With today’s rapidly changing real estate market, deciding whether it is best to buy or build a new home can be difficult. As with all major decisions, there are both pros and cons to each option that must be weighed against each other to determine the right choice for your situation.

Should You Buy or Build in Tampa Bay?

To help you decide whether to buy or build, the following sections give you a breakdown of the pros and cons of buying an existing home versus building a new one.

Pros of Buying an Existing Home

More affordable upfront cost. Typically, buying an existing home is more affordable than having a custom one built from scratch. Depending on the condition of the home and its location, you may be able to get an existing home at a significantly lower price than if you built it from scratch.
Less time to move in. One of the biggest advantages of buying an existing home is that you can typically move in more quickly than building your own home. It usually takes months to build a new house, while buying an existing home can take as little as a few weeks.

Cons of Buying an Existing Home

Not customizable. One of the biggest drawbacks to buying an existing house is that it will most likely not meet your exact requirements and needs. You may have to make some compromises when it comes to features you want in your new home, such as size, layout, and finishes.
May require repairs or upgrades. Another potential downside of buying an existing house is that it might require costly repairs or renovations before you’re able to move in. This could add up quickly and end up costing more than you initially expected.

Pros of Building a New Home

You get exactly what you want: The main advantage to building a new home is that you get to decide exactly what features and finishes you want. You can create a customised design that meets all your needs and preferences, rather than compromising on an existing property.
Energy efficient: Building a new home allows you to take advantage of the latest energy-saving technology and materials, which can help reduce your monthly utility costs over time.

Cons of Building a New Home

Costly upfront investment: One of the biggest drawbacks to building a new home is the initially high cost. Depending on the size, features, and other factors, it could end up costing much more than buying an existing house. It’s important to factor in all expenses associated with building when making this decision.
Longer timeline: Building a new home usually takes much longer than buying an existing one. It could take several months to complete the construction process, depending on how complex your project.

Ultimately, deciding whether it’s best to buy or build in Tampa depends on your individual goals and budget. Consider all the pros and cons of each option before making your decision so that you can make the right choice for you and your family.

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$260,000 Active

2109 Bayshore Boulevard 810 Tampa, Florida

1 Beds 1 Baths 828 SqFt

INTERIOR PICTURES COMING SOON! Welcome to your dream modern townhome in the heart of Tampa Heights! This NEW CONSTRUCTION offers 3 bedrooms + office, loft, 2 full bathrooms, 2 half bathrooms, and 2-car detached garage, providing ample space for both comfort and convenience. Channel your inner chef in the gourmet kitchen, equipped with stainless steel appliances, sleek cabinetry, and quartz countertops. Retreat to one of the bedrooms, each offering comfort and tranquility. The primary offers an ensuite bath & walk in closet. Ascend to the loft area, ideal for a home theater, game room, or simply a cozy spot to relax where you can step out onto your own private rooftop terrace & enjoy the beautiful Florida weather. Enjoy the convenience of private alley access, providing security and exclusivity. Nestled in the vibrant community of Tampa Heights, just steps away from Armature Works, multiple restaurants/retail, the Tampa Riverwalk, downtown attractions, and so much more. In addition to its already enviable location, this modern townhome offers even more promise with its proximity to upcoming expansions and redevelopment projects, ensuring your investment continues to appreciate. With these exciting developments on the horizon, owning a home in this prime location means you're not just investing in luxury living, but also in the vibrant future of Tampa's urban landscape. Don't miss out on the opportunity to be at the center of it all – Schedule your showing today and be part of the excitement!

$1,050,000 Active

412 W Amelia Avenue 1 Tampa, Florida

3 Beds 4 Baths 2,173 SqFt 0.080 Acres

Price to sell!
Beautiful fully renovated 3-bedroom 2-bathroom with huge backyard, and large size shed.
Located on southeast Seminole heights, one of the most upcoming neighborhoods in the whole Tampa Bay Area, with Tons of restaurants, bars and stores, it’s located Central!
located:
15 minutes away from Bush garden's theme park
15 minutes away from downtown, Channelside, Waterstreet
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$335,000 Active

1708 E Mcberry Street Street Tampa, Florida

3 Beds 2 Baths 1,200 SqFt 0.130 Acres

Enjoy spectacular panoramic and sunset views of Tampa Bay from the 27ft wide balcony of this terrific 5th floor condo in South Tampa! Upon moving in, the owner updated the unit with quartz countertops in the kitchen and bathrooms, new toilets and sinks, custom design closet, new water heater, etc. Roof replaced 2018, stacked washer/dryer, stainless steel appliances, fabulous plank tile flooring throughout. Maintenance fee includes: Cable TV, Heated waterside Community Pool, Escrow Reserves Fund, Insurance, Maintenance Exterior, Maintenance Grounds, Manager, Pest Control, Sewer, Trash, Water.....Gym, storage unit, sauna, bicycle racks, paddle board/kayak rack, grilling area, entertaining area in main lobby w/kitchen/bar can be reserved for get togethers and parties. Building is secured with electronic entry box and security cameras! Boat slips available for a small monthly charge. Location can't be beat, minutes to International and Westshore malls, award winning Tampa International Airport, major sporting venues, beaches, and exciting downtown Tampa, Riverwalk, and so much more! FURNITURE MAY BE AVAILABLE FOR SALE.

$399,900 Active

5701 Mariner Street 504A Tampa, Florida

1 Beds 2 Baths 918 SqFt

Are You Buying or Selling a Home in Tampa Bay?

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