New construction vs old

[Michael Soukup]

Just trying to figure out if it would be cheaper to build a new place with a in-law apt in the basement vs buying something already built. Can anyone advise based on their experience which will be cheaper in the long run? Thank you any assistance.

[Travis Main]

Hey Michael, 

This is a loaded question as there are a lot of variables that will play a roll into the cost. Real estate prices and construction costs vary significantly by location, thus, it could make sense depending on the market your planning on building in. Though the current housing market conditions can influence the cost-effectiveness of buying versus building. If you prioritize immediate use, convenience, and potentially lower upfront costs, buying a house with an existing ADU might be more cost-effective.