Building vs. Buying: Is DIY Home Construction More Affordable in 2024?
In recent years, the decision to build or buy a home has become a complex puzzle for many prospective homeowners. With fluctuating material costs, labor expenses, and interest rates, the true cost-effectiveness of constructing a new home compared to purchasing an existing one has shifted significantly. This article examines current trends, outlining why building might just be the more affordable option. We'll explore essential factors like land prices, innovative building technologies, and ways to manage construction budgets efficiently.