People often wonder if it is in their best interest to build a custom home, or to buy an older home. It’s important to weigh the pros and cons for both, but in the long run, a custom built home is a beneficial and cost-effective choice. Below are some advantages to building your own home.
Having an energy-efficient home will save you money in the long run by lowering utility bills. Older homes could have been built decades ago and unless there have been significant upgrades, will not have the newer, less energy consuming technology. When you purchase a newer home, you can do so with the confidence that it was built with energy efficiency in mind and includes such features as modern insulation, solar panels and a programmable thermostat.
Other than lowering utility bills, a custom home is just that — custom. Therefore you won’t be paying to remodel or tear down anything you don’t like in the house because it's been built to your specifications. You'll also have the peace of mind of avoiding potential issues in the house such as the plumbing system from the 1970s or hazardous materials like asbestos, which can be very expensive to fix.
When building a custom home, you also get the benefit of choosing the exact location in which you'd like to live, whether that's in a particular city, neighborhood, or on a larger piece of land. Custom homes are especially beneficial if you are looking to live in a more open space. Most homes for sale are in residential neighborhoods, but a custom home allows you to pick the land first, then build the exact home you want.
Because your house is newly constructed, there will be less need to replace things like your appliances, flooring, or roof. All you have to worry about is choosing your favorite fixtures, paint colors, and other accessories down to the last towel!
Of course, building a custom home can be a more expensive option vs. choosing an existing home. However, if you partner with the right builder who understands your needs and budget you will benefit from building the home you want without breaking the bank.
It’s a good idea to weigh the pros and cons and to always consider potential costs of remodeling or investments you would need to make if you purchased an existing home as well. After all, your home is one of the biggest investments you’ll make in your lifetime so it’s important to look at all of your options.