The decision to buy or build is usually a difficult one for prospective homeowners. However, we must approach this choice with an understanding that both options offer advantages and challenges and that none is inherently better than the other. Factors such as age, location, purpose, and budget should be carefully considered when making a decision. This video explores the advantages and challenges associated with both options to empower individuals to make an informed decision. Advantages of Buying • Completeness of space • Process is timely • Limited stress Challenges • Developer and development should be carefully researched • Demand outweighs supply resulting in high costs • Open market houses should be professionally assessed Advantages of Building • Customization to meet needs • Budget-friendly through phase-based building approach • Economical based on land size and construction option Challenges • High-stress activity especially when there is limited knowledge of the discipline • Phase-based building may be uncomfortable • May be difficult to source desired land.