Most people in the house-buying market opt to purchase a preexisting home, primarily because the financial cost of doing so is often cheaper than building.
However, there are a few major perks to building a custom home that you’re unlikely to find in a preexisting home or floor plan.
1) Everything You Need and Want
Every family has unique needs and wants. Buying a preexisting home is almost certainly going to mean compromising on those needs and wants.
Maybe a home has an outstanding kitchen layout, but the backyard isn’t quite what you would like for your kids. Or you love the master bedroom, but the living room isn’t up to your standards.
The likelihood of finding your perfect home on the market is slim. However, when you build a custom home, you have 100% control over the floor plan and features, within budget of course.
Building a custom home is a creative, free journey between buyer, architect, and builder. And it’s a truly amazing journey in our experiences!
2) Less Maintenance and Upkeep
Many experts suggest setting aside a minimum of 1% of your home’s value to cover annual repairs that insurance typically cover. On a $200,000 home, that’s $2,000 a year to keep your home functional.
While maintenance on any home is unavoidable, newly-built homes, of course, are less likely to require as much maintenance and upkeep as an older, preexisting home.
By building a custom home, you may pay a bit more up front, but you will have a new home that requires less frequent upkeep than a preexisting home and you’re never buying another person’s problems — that means a lot fewer headaches and less financial stress each month.
3) Location, Location, Location
If you’re lucky enough to find the perfect home already on the market, it’s unfortunately probably not in the perfect location.
One of the best aspects of building a custom home is that you choose the lot and can live in virtually any area. Want to live in an isolated area? Build there! Want to live on water’s edge? Build there! Want to live in a blossoming suburb? Build there!
The overall message of building a custom home is simple: you’re in control of the process.
With a decision as significant as moving into a new home, being able to mold things to fit your unique needs is a huge benefit!