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Moving into a new house is an exciting experience and the quest for that perfect house – whether buying or constructing one – is just as exciting. However, there are pros and cons to buying a constructed house versus having one built.
Factor in the following before deciding:
- Buying a constructed house usually requires a single loan from a bank. On the other hand, if you are planning to have one constructed, you will require two separate loans – the first loan to purchase a plot and the second to finance construction – which takes longer to process. Continue reading