Cost is generally an important factor to people when they purchase a home, and young couples looking for their first house must weigh the cost of each option. While building a home on an empty lot is costly, it can also be expensive to remodel an existing structure. The choice for many comes down to when they will need to invest money, and it can also be a choice of what they are willing to live with until the work is complete.
If a young couple purchases an empty lot, they will have to come up with plans, permits and money to build their new home. It takes time to accomplish all of these steps, and they will not be able to move in until the building is ready. Buying an existing house in need of remodelling can become a better choice, but only if the couple is willing to do the work. They may be able to move in right away, but it could take years before all the work is complete. Making their decision might be difficult, so they will need to weigh the costs against the time until moving day arrives.