It is rare to find a pre-built house that meets all your expectations in the real estate market. If you want the freedom to design the house layout and functionality, go for custom home construction. For starters, you will have the opportunity to select the house location and lot features. Then, you can choose the home design depending on whether you like modern or rustic architecture. Notably, you can customize the house features to meet your lifestyle. For instance, if you need space, you can have plenty of cabinet space, an attic, a basement, and a larger garage. Besides, you can create the ambiance you desire by giving the house a luxury finish.
Low Maintenance Cost
In a custom house, you get a brand new home. Thus, the cost of renovations and replacements is lower in the short term compared with a pre-owned home. A custom home's structures and appliances are new, and you do not have to change them soon. Thus, there are hardly any costly surprise maintenance issues. A custom home construction comes with a warranty from the builder. Therefore, you can rely on the warranty plan for replacements and repairs.
Homebuyers find the real estate industry to be very competitive. Typically, there are fewer ready houses in the market than the demand for the homes. This high demand arises from prevailing low mortgage rates for home buyers. The increased competition in the market means that you may have to pay more for a pre-built home. You can overcome this competition challenge by building a custom home. This way, you do not have to compete with other home buyers, yet you still have access to construction financing.
One of the biggest challenges with buying pre-existing houses is that the majority lack energy efficiency add-ons. As such, you are more likely to spend a significant amount of cash on energy bills or home upgrades. In comparison, a custom-made house allows you to incorporate energy efficiency features. This way, you can reduce energy consumption, save money and contribute to climate change mitigation.
You can add the following energy-efficient add-ons to your custom home:
- Air sealing
- Quality insulation
- LED lighting
- Quality heating and cooling systems
- Solar energy panels
Cons of a Custom Home Construction
Essentially, building a custom home from the ground is a time-consuming exercise. However, if you were buying a pre-owned home in a competitive real estate market, you still spend considerable time looking for the perfect home and negotiating with the seller. Nevertheless, a custom home will have a higher equity and resale value than an old house.
Ultimately, the pros and cons of a custom home building depend on your unique needs. Connect with the right realtors to make your custom home construction process a smooth experience.
For more information, reach out to a company such as TRM Construction Management.