Building A Custom Home Vs. Buying

For many people, the purchase of a home is the biggest expense they will ever encounter. For this reason, it isn’t something to be entered into lightly and needs to be thought about for a while. One of the first considers is choosing whether you want to go with the effort of building a home vs. buying. If you are unsure, consider a few different options

Choice
When you decide to hire a custom home builder to build a new home, you have control over everything that your home will become. You can select your floor plan, your color scheme and the materials that you want to be used. Every decision is up to the homeowner. The builder will have recommendations and standard materials that they use but you can always decide on something else. Keep in mind that the decisions that you make will likely affect the end price of your home.

Budget
If you are on a tighter budget, building a home vs. buying can work out to your benefit. If you or someone you know is a qualified contractor, you may be able to negotiation doing your own work. This will allow the builder to focus on other elements and allow you to save money. If you are considering this option, make sure to bring it up with the builder while you are discussing your needs. There may be rules or regulations governing what you will be allowed to do.

A Bit of Both
Another great option when working directly with the home builder is that you can get a bit of both worlds. Many builders will build homes on spec that you can buy and then decide on the different elements. You are able to see the floor plan already built but you can select the flooring, the wall colors, cabinets, and appliances.

Buying
Buying a home removes a lot of the decisions from the home owner. The home is already built and finished and ready for you to move into. If there are any renovations to be done, you will be able to make the decisions on those, but otherwise, it’s as simple as┬ámoving in and enjoying your new home.