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People who plan to build a home may still stay in the real estate market for a number of reasons. Even though they’re committed to building, they often have short- or long-term needs that drive them to purchase a property as well. Here are some of the key motivations for why people who want to build are still in the market to buy:
Temporary Housing Needs
Building a home is a long process, often taking months or even years. To avoid extended rental costs or living in temporary housing, some choose to buy a smaller, affordable property to live in while their dream home is under construction.
Investment Opportunities
Those who are building may see a home purchase as an investment opportunity. Buying a property, even temporarily, lets them build equity while they wait for construction to be completed. They can later sell the property, rent it out, or keep it as a long-term investment.
Building Delays or Rising Costs
Construction projects can be delayed by factors like material shortages, weather, or permitting issues. Additionally, building costs can increase unexpectedly, making it more practical to buy a completed home if they need to move sooner than planned.
Land or Location Limitations
Some people planning to build may find it challenging to secure an ideal lot in the location they want. In the meantime, buying a home in the preferred area lets them establish residency, become part of the community, and remain close to their desired future build site.
Future Rental or Family Property
People who build often have a long-term vision for their new home but may also be looking to buy an additional property as a future rental or a home for family members Buying a house now can serve as a future income stream or provide housing for other family needs once their own construction is complete.
Testing Out Location and Lifestyle
Those planning to build in a new area may want to buy an existing home first to get a feel for the neighborhood, school districts, and commute times. Living in a purchased home before building can help them make more informed decisions on where and how to build.
More Control Over Timeframes
Purchasing a home gives people immediate control over their move-in timeline, which is often less predictable with a new construction project. This is especially appealing for families who want stability and flexibility, allowing them to transition smoothly.
Building a Real Estate Portfolio
Some people looking to build are interested in expanding their real estate portfolio. Buying a home now and building later can diversify their assets, providing both a primary residence and an additional investment.
By purchasing a home while they plan their future build, these buyers create a balance between their current needs and long-term goals, allowing them to enjoy stability, investment potential, and community while they wait for their dream home to come together.
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Kelly Raulston
“Reliable and Ready” REALTOR® since 2016. I was born in Monroeville, Pennsylvania, but was raised in Texas since 1997. When I found out we were moving to Plano, Texas, I remember looking forward to riding a horse to school and a brand-new pair of cowboy boots! Growing up in Plano prepared me to be competitive, quick, and to have a strong work ethic.
I graduated from Stephen F. Austin State University in Nacogdoches, Texas. Axe’em Jacks! That is where my love for East Texas began. The nature, warm smiles, football games, and community values can't be beat! I graduated summa cum laude with a degree in Interdisciplinary Studies. I was a middle school math teacher in Tyler, Texas. I met my husband, Travis, in Sunday school, and we have been married since September 2016.
I love being a REALTOR® in East Texas! Relationships are genuine, the area is beautiful, and the market is rockin’! I am an involved REALTOR® to better the community. Some of the organizations I am involved with are: The Professional Development Committee, Texas Real Estate Political Action Committee, and Tyler Educational Networking Group. Some awards I have won were “The Hustle Award” in 2016, and “Rookie of the Year” in 2017.
When I am not working with my clients, I like to spend quality time with my friends and family doing the following: running, target practice, read and participate in book club, and playing with my dachshund Greta.
