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what are some of the big differences you can expect between building a house from scratch from the ground up and buying an existing house limited inventory of homes available and low interest rates have caused prices of homes to rise in many markets instead of buying an existing home you might be considering building a new home altogether I want to break down the financial requirements to building a house so that you can determine whether this would make sense for you so letamp;#39;s get right into it building a home is very different from buying a home especially when it comes to financing so if youamp;#39;re talking about building youamp;#39;re going to need financing for your land labor and the materials so this is a lot more than just buying a house where you just get one overall mortgage when you decide to build a house this may require several loans throughout the process so thatamp;#39;s something that you have to be financially ready for there is a larger down payment requi