Custom Home Building Pros and Cons

Did you know that the home building industry in the United States is worth $129 billion?

When you’re deciding to invest in a house, you should consider all your options.

One route you can take is to build your dream home from scratch.

There are many benefits to custom home building.

However, there are a few factors that you need to consider before jumping into the home-building process.

Keep reading to learn about the key points when building a custom home.

Make It Your Own

When you build a custom home, you get to add your own personal touches from the very beginning.

You won’t have to settle and you’ll be able to cross everything off your checklist.

If you purchase an already built home, you may have to compromise and it can be hard to find an existing home that represents you.

You’ll get to choose the layout and design, and spend time adding small touches.

You have the option to choose your location and design your land.

If you want to live on lots of land, where you can’t see your neighbors, then you can.

You can install a pool or start a garden.

Increase Energy Efficiency

One of the benefits of custom home building is you can make it energy efficient.

Which will save you money in the long run.

When you buy a home instead of building one, it likely won’t be as efficient because the systems and appliances are older and possibly out of date.

You’ll get to make decisions along the way that otherwise wouldn’t be possible or would be costly, such as the insulation and window tinting.

Less Competition

If you’re trying to find a home in a seller’s market, you’ll likely overpay.

The competition will drive up prices; not only will you pay more, but you might not get exactly what you want.

Building your house means you won’t have to worry about someone overbidding you or searching for a house.

Lower Maintenance Cost

In a home that has previously been lived in, you’ll see some issues because everything is used.

With a new custom-built house, you won’t have to worry about water damage, the roof having a hole in it, or a bad HVAC system.

All your appliances will be brand new and you won’t have to worry about items breaking after you move in.

You won’t have to replace or repair parts of your home for years and everything will have a warranty on it.

Your home will need regular maintenance, but for the first few years, you won’t have to spend a lot of your time keeping up with the appliances, filters, and other mundane tasks.

Higher Quality Materials

A home’s structure is crucial.

Building a custom home gives you the opportunity to have a say in what materials are used.

Better materials will last longer and will also save you money later on.

One of our home-building tips is to research the type of materials you want to be used in your home.

This starts with what the foundation is made of and goes all the way through to the paint company.

Waiting to Move In

One of the downsides of mountainside home building in AZ is waiting for your home to be built.

When you purchase an existing home, you’ll be able to move in right away.

While building a home takes a lot of patience and you’ll need a place to live during the building process.

Depending on the location and size of your house, it could take a year or longer to build your custom house.

You’ll also need to factor in the supply and demand for materials and the time of year.

You can typically count on a few delays during the process.

They could be due to weather or a lack of decision-making.

It is a lot more work to build a home than to buy one.

You’ll be working with a number of different people including contractors and designers.

Finding a Location

Finding the perfect location to build your home can be a challenge.

If you have specific requests, it could take some time to find a place to build.

Where you want to be located can make a big difference and you’ll need to decide if you want to be in an urban or rural area.

Often times you’ll find a lot that is either overgrown or has mature trees and other desert vegetation.

This will increase the time it takes to start building because the land will have to be cleared.

Price

The initial cost to build your house is likely going to be more expensive than if you purchase a house that is already standing.

However, as we mentioned above, you’ll be saving on future repairs and renovations.

Also, keep in mind a newer home with up-to-date appliances will have a higher resale value later on.

Unless you’re paying cash, you’ll need to get a loan.

Loans for a new construction home can be harder to obtain because lenders tend to think those projects are riskier.