The Cost of Building a House vs. Buying

Deciding whether to buy a resale property or build new is an ongoing discussion within the real estate investor community. There are benefits and drawbacks to each approach. On a net basis, building new can be cheaper but presents additional costs and factors to consider.

Here’s an overview of the costs of building a house versus buying, the pros and cons of each approach, and whether real estate investors should adjust their acquisition approach.

Cost of building vs. buying a house

So many factors go into the cost of a house. Just a few of these influential factors are location, size, and finishes.

The average cost to build a single-family home was at $248,000 in 2020, whereas the average resale home in America was $256,663 as of fall 2020. According to, the average cost per square foot for single-family homes sat at $123. And according to the National Association

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How much of your income you really need to pay off a mortgage in Australia

Housing affordability is at the best level in a decade as a result of the coronavirus recession.

An Australian dual-income couple earning $1,305 a week after tax needed to dedicate 23 per cent of their monthly income to pay off a mortgage in September, down from 25.1 per cent a year earlier, an analysis by ratings agency Moody’s showed.

This was also well below the decade-average level of 26.4 per cent, covering the aftermath of the Global Financial Crisis to now.

Housing affordability (Adelaide house pictured) is at the best level in a decade as a result of the coronavirus recession. In September, an Australian dual-income couple earning $1,305 a week after tax needed to dedicate 23 per cent of their monthly income to pay off a mortgage, down from 25.1 per cent a year earlier, an analysis by ratings agency Moody’s showed

Buying a house or an apartment has

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10 Best Generation Z Stocks for Investing for 2030

For the vast majority of people, putting money to work on Wall Street is part of a longer-term strategy for financial security and independence. But with the novel coronavirus imposing a new normal, it’s difficult to know which assets to buy for next week, let alone investing for the next decade or two. Yet this is the challenge for so-called Generation Z stocks.

By 2030, those in this emerging generation will have reached adulthood (approximately 18 to 30 years of age). Further, due to the enormous changes that we have seen both in terms of technological innovations and social mores, the strategies that may have been relevant for millennials and older demographics might not resonate as much, if at all.

According to a Pew Research Center study, public trust in government since 1958 has generally been declining. Moreover, the current Trump administration has suffered historic lows in trust. Now, this

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What you need to know when buying a house in the UK

Image source: Getty Images

We get it – you’re excited about buying property. You want to get moving right away. But hold on. Before buying a house in the UK, there are a few things you need to do. Otherwise, you risk committing to a house you can’t afford. 

Starting your property search

The best place to start? Make a checklist. Doing so will help you stay on track and remind you what needs to happen next.

So, here are the first four things to put on your list.    

1. Set a budget

Be honest about what you can afford to spend. There’s more than just monthly mortgage payments to factor in. You’ll also need to budget for costs like:

  • Moving fees
  • Solicitor bills
  • Surveys
  • Insurance
  • Stamp duty (depending on the property and when you buy it)
  • Utilities and other household bills

2. Save your deposit


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When is the best time of year to buy a house?

There are certain times of year that are more favorable for house hunting. (iStock)

If you’re like most potential home buyers hoping to find your dream home for the right price, then you’re probably thinking: When is the best time of year to buy a house? Traditionally, spring is the most popular time of year to buy a home — but that may not necessarily be the “sweet spot.”

Here’s what you need to know about the housing market, mortgage rates, pricing trends, and more — including the best time of year to buy a house, according to experts.

When is the best time of year to buy a house?

Although peak inventory periods may vary by location (see “the best time to buy a house may depend on location” below), generally more homes are on the market in March, April, and May.

That’s because, usually, a wave

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How much money do you really need to buy a house?

Here’s precisely how much money you need to purchase a home in today’s market.

Although coronavirus cases are rising in many parts of the country, the pandemic has done little to stifle the U.S. housing market. On the contrary: home buying is heating up nationwide.

Existing home sales jumped 20.7% in June at an annual rate of 4.72 million, according to the National Association of Realtors. Meanwhile, new home sales surged 13.8 percent in June to a seasonally adjusted annual rate of 776,000 units, the U.S. Department of Housing and Urban Development reported, pushing the sales rate of new homes to its highest level in 13 years.

Record-low mortgage rates are fueling demand from home buyers. The average rate of a 30-year fixed mortgage fell below 3% for the first time in history this summer, according to Freddie Mac, one of the largest buyers of home mortgages in the

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Rich people are buying Miami homes just for a place to park their yachts

When the 4,000-square-foot, four-bedroom waterfront house at 518 Palm Dr. in Hallandale Beach, Fla., sold for $2 million in July, Compass broker Chad Carroll got a surprise. The NYC-based buyer wasn’t looking for a holiday home. He just wanted a place to park his yacht. In Fort Lauderdale, a five-bedroom, 8,494-square-foot mansion at 1500 SE 10th St. sold late last year for $6.5 million, also with Carroll. (It’s currently on the market for $10 million, with Compass’ Tim Elmes.) Once again, the buyer was just looking for somewhere to park their yacht.

1500 SE 10th Street in Fort Lauderdale
1500 SE 10th St. in Fort Lauderdale, Fla.Daniel Petroni/Courtesy of Compass

Throughout South Florida, a surge of boat sales — especially since the pandemic — has led to a slip shortage, spurring buyers to spring for waterfront single-family homes with yacht parking, brokers say.

“We have a finite amount of developable waterfront, and they aren’t building mega-yacht

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KFC’s Fried Chicken-Scented Firelog Is Back And This Time You Can Buy One At Walmart

Photo credit: KFC
Photo credit: KFC

From Delish

The weather has gone chilly, which means you’re probably wearing a big sweater and your best slippers while baking up something cozy, like our pumpkin chocolate chip cookies. Lucky you! But just in case you want to up the cozy factor, you could certainly get this chicken-scented Firelog from KFC. Yep, that’s certainly something you could do!!

The brand is bringing back this viral holiday item again for the third year in a row. In case you forget, the KFC 11 Herbs & Spices Firelog, is made by Enviro-Log and is designed to make your home smell like fried chicken. Yes, they channel KFC’s iconic 11 herbs and spices and make them into a cozy piece of wood that will make your whole house smell like you’ve just brought home some goods from the drive-thru.

This holiday item has sold out very quickly in past

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Cameron Diaz, Benji Madden Buy $14.7 Million House in Beverly Hills

Cameron Diaz and Benji Madden Buy 14.6 Million House in Beverly Hills
Cameron Diaz and Benji Madden MEGA

Playdates at Raddix Madden’s house are about to be epic for hide-and-seek. Cameron Diaz and Benji Madden purchased a new mansion in Beverly Hills, Us Weekly can confirm.

The couple paid $14,695,000 for their new pad, which includes seven bedrooms and 10 bathrooms — and Kate Upton as their new neighbor! Diaz, 48, and Madden, 41, also own a $9.4 million property in the 90210 and an apartment in New York City. Their new farmhouse style home features a home theater, three-car garage and a pool.

The twosome, who wed in 2015, became parents in January when they announced the birth of their daughter, Raddix.

“She has completely captured our hearts and completed our family. While we are overjoyed to share this news, we also feel a strong instinct to protect our little one’s privacy. So we won’t be posting pictures or sharing any

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Why Jim Cramer Is Buying Stocks Amid Monday Market Plunge

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