Something to keep in mind is if you're doing your own building or with some builders, you'll have to have a construction loan and you have to start paying on those right away. So you'd be making a payment on a place that you can't live in. You'd have to weigh that cost plus your current living expenses. What we did with our house is the builder carried the construction loan so we didn't pay until we had the C.O.O. to live in the house. I think there are lots of pro's to having new construction, you don't have to make alot of changes with carpet, old hot water heaters/furnaces, shoddy windows that kind of stuff on an old house that need replacing. The challenge we had was the landscaping. It's taken us 18 months of nickel and dimeing it to get the basic infrastructure done. I think everyone should have a new house built or build their own house once in their life. It's an amazing process and you learn so much about how your house is put together. It'll be stressful and you must exercise great patience but in the end, it'll be worth it for sure.
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