building a home versus buying and already built onePrior to deciding to buy an already built home my original plan was to buy a plot of land and then me a contractor to build a custom home. The problem is that after doing the math it didn't seem any cheaper to build a custom than buy a new home, in fact it seemed like it might be equally as expensive (not to mention more of a hassle). The problem is that when I had this plan I impulsively bought a lot. So my question is should build a home on the lot I already have or try to resell the lot and then buy an already constructed home. While I feel like I can get a good deal if I hold out a couple months and buy new, I also feel like the lot I bought will depreciate so its kind of a catch 22. In general would you all say it is better to build a custom home or buy pre-constructed? Has anyone gotten a construction loan before? Is it a hassle?October 21 2007 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.