Your home represents a large investment for your family. In fact, for most people it’s the single largest transaction they make, adding to the weight of the decision to buy. When you’re considering your options, you may struggle between finding a home on the market or building your own custom home. After all, you have to live with your decision for years.
We’ve put together these tips to help you think through the decision and find the right path for you and your family.
Weighing your needs and wants
When you look for homes on the market, you typically have to make some type of concessions. After all, resale homes were built to meet someone else’s needs, not yours. This means you’re getting fixtures, flooring, and a floor plan that may not really be right for you. So while resale homes may be convenient, they also may not fit your unique needs. This is where the custom home has the advantage. You get to decide what stays and what goes, ensuring that you’re happy with your living space.
Floor plans that fit your life
Have you seen a home from the seventies? How about the forties? The look and feel of space in these times is far different than it is today. This illustrates the fact that floor plans actually age, which means a resale home might be using space in an outdated way. By getting a custom home, you can find a modern floor plan that matches how you plan on living in your home. Since most people spend more than a few years in their new home, it makes sense to try to match your needs to your space.
You probably wouldn’t be thrilled to use a refrigerator from the eighties. The same goes for most appliances in your home. Older appliances, including things like HVAC systems, are far less energy efficient than they are these days. This means they cost more to operate and over time, this really can add up. Unless a resale home has been updated significantly, it’s probably full of energy inefficient equipment that acts as a slow drain on your budget. Buying a home and upgrading everything may be an option, but it’s a very expensive route to take. This makes a custom-built home a better choice for overall energy efficiency.
Last but not least, you’ll want to think about repairs. No matter how detailed an inspection you get, a resale home comes with many blind spots. Will the roof start to leak? Was that water leak fixed correctly? Since you can never really be sure, a resale home carries more risk than most custom-built homes. Custom homes have new appliances, new equipment, and most of the time come with a warranty. This can reduce the risk and lead to a more satisfying and less stressful homeownership experience.