I can think of two obvious reasons to build:
To get the design you want.
To get it built in the area you want to live.
Can you think of other reasons? Some say it is cheaper. I guess that really depends on the value of the lump of dirt you have to build on. Please let me know your thoughts from your experience. Thanks.
We're doing our first build this year.
We are building a duplex and have found that it is better financially. We will have 3 rental properties (2 units of the duplex + house at the front of the block) on one block.
It is way cheaper to build than to buy a duplex within the area we are building. Approximately 300 – 400k more to buy the duplex on a standalone block.
Regards,
Adam
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