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Building vs. Buying a home

What are your house plans? Here are some things to consider when it comes to building vs. buying a home. 

Reasons to Build

Customization: The primary advantage to building a new home is that it can be built to your specifications.

New Materials: A new home will have new wiring, new plumbing, and will be up-to-spec with building codes. They are also more energy-efficient than older homes.

Costs: Although purchasing a home may be less expensive upfront, once you include renovations, maintenance, and upgrades, it could be more expensive than building.


Reasons to Buy

Negotiation: Buyers often have more room for negotiating a price, something that is rare when building a home.

Move-In Ready: In many cases, homes come with appliances, and even have other features such as fences and landscaping.

Shorter Process: Buying can be less stressful than building, and often takes only 4-6 weeks. Building a home could range from four months to over a year, and many things can go wrong during the construction process.

What Home Can I Afford? 

If you're looking to build your home, check out our Construction Loan Guide.

Still interested in buying a home? Let's talk about knowing what you can afford.

Talk to us

To apply for a mortgage or get answers to questions, call our Mortgage Specialists at 317-558-6420 or 866-367-8600 or email us at

FORUM NMLS #469848
NMLS Registry Information for FORUM Credit Union Mortgage Loan Originators