Owning your own home is an American rite of passage, but it’s becoming increasingly difficult in today’s real estate market, especially if you want to purchase an existing home in the Portland area. With limited inventory and prices that have been on an upward trend for almost a decade, the opportunities for purchasing a home are few and far between, especially if you’re working with a limited budget.
However, buying an existing home is not the only way to achieve your dream of home ownership. Building a new custom home is not only possible, it’s a way for you to build equity, get more of the features you want, and finally get your dream home. If you are weighing your options between building versus buying, or if you haven’t even thought about new construction, consider these reasons to explore building a new home.