Should I build or buy an existing home in Myrlte Beach?

Being a licensed South Carolina Builder and a Realtor in the Myrtle Beach area I can answer this question from both perspectives. There are many great deals out there on existing homes; or homes that have been sitting on the market for a long time unoccupied.

I have personally viewed a lot of the homes on the market in the Myrtle Beach area, and a lot of the homes you will find that are vacant were homes that were thrown up in a time when whatever you built would sell. Taking a line from a great movie: ‘Build it and they will come.’ Well that is not the case anymore, now quality trumps quantity. You can find great deals on existing homes, and you might be able to find exactly what you want in an existing home at a great price. So I would start your search through the many existing homes currently on the market using our Myrtle Beach MLS search tool.

If you cannot find what you desire and you always dreamed of building a custom home in the Myrtle Beach area, there is not a time better than the present if it is something you can afford. Both material and labor prices are way down, and instead of a builder having 6 houses under construction, they may have 1 or 2 if they are lucky. What does this mean for you? Well a lot more attention is placed on the construction of your home.

Another plus for building in today’s market is the price of residential lots. With residential lots plentiful in the Myrtle Beach area, they can be purchased at a fraction of the prices that were paid just 3-4 years ago. That neighborhood you always dreamed of buying or building in is much more affordable.  Lower lot costs and lower building costs gets you into your dream home for much less than what it would have cost you just a few years ago.

Seeing it from the perspective of a Realtor and Builder, I would have to lean towards building. If you have the money to build in a down market the deals are plentiful. If you make the mistake and wait to build when the market is up or on the upswing you could pay much more for your dream home and not receive the attention you and your dream home deserve.

Whether you are building in the Myrtle Beach area, or would like to speak with an experienced Myrtle Beach Realtor please visit our website. We look forward to speaking with you! If you are a Realtor and have a client that is interested in building a custom home, we do not make you wait until the house is completed to pay commission. When CRG Construction breaks ground on the home we pay your commission based on the approved construction contract pricing. No more waiting with your fingers crossed and worrying if you will get paid!