You may think that buying an older home and fixing it up can be more cost-effective than building a custom home, but that simply isn’t the case. In this guide, we will be going over a few reasons why you should build a custom home versus buying an existing home.
More Design Capabilities
An older home needs to undergo a lot of changes in order to look like the modern ones on the market. New modern designs include open floor plans, advanced kitchens, and large living rooms. However, with a custom-built home, you can design it exactly as you want it, which can be much more affordable.
Easier Construction Process
Since new building codes require high energy standards than the ones that previously applied to older homes, custom built homes have better insulation, they’re eco-friendly and have better air filtration. When you get a custom-built home, the construction process is much easier than older homes that need a lot more renovations to be up to code.
Overall Better Investment
When you buy a new home, you have a better ROI or return on investment than buying an existing home. This is because a new home requires fewer repair costs up front and are more energy efficient, so you’ll end up spending less every month on utility bills.
Lower Maintenance Costs
With older homes, you should expect much higher maintenance costs, such as HVAC and roof repairs from regular use. Usually, when you move into a new home for the first time, you won’t even know the scope of maintenance until the first year. However, with a custom-built home, there are no surprises and most appliances come with warranties and guarantees.
Due to construction and technology advancements, new houses are much safer than an older home. These advancements include AC units with eco-friendly coolants, garages with infrared beams, hard-wired smoke detectors, and materials made of less volatile organic compounds, or VOCs. These improvements can make your home safer for you and your family to live in, especially if you like close to the coast. This is because new construction improvements can withstand high winds and flooding.
There are plenty of reasons you would want to build a custom home over buying an existing home. They’re safer, ultimately cheaper, and more appealing to the eye. Of course, buying an existing home may seem to make more sense, but getting your own custom-built home is just more cost efficient. Hopefully, with the help of this guide, you can better understand the benefits of buying a new one versus an older one and make the right choice for you and your family.
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