One of the most important factors to consider when building a house or applying for a new home loan are the current interest rate levels. These rates help to determine exactly how much house you will be able to get out of your monthly investment based on the current market climate. Interest rates are essentially the amount that a lender charges you for the use of its assets. We at William Ryan Homes have built close relationships with our trusted lending partners over many years of being in business together. By far the biggest benefit of building your own home is the level of personalization that you are able to achieve that is simply not possible when buying from the resale market (without costly renovation). Another benefit of building new vs buying from the resale market is the lack of renovation costs that you can expect to incur. One of the biggest complaints when buying a used home is the unexpected costs that can arise after closing on the home.