Cape Town - For first time home buyers especially, the question of whether it is better to build a new home or buy an existing home is often a daunting one. But, it need not be, says Samuel Seeff, chair of the Seeff property group.
Each option has its own merits and as with everything around investing in property, the choice would depend on your personal preference and the amount of money and time that you wish to invest.
Building your own home
When it comes to building your own home, the cost often outweighs that of investing in a second hand home. Building prices have escalated over the last few years and in many areas, the cost of building is now higher, making it a more expensive option compared to existing homes.