Happy couple smile at the camera inside their partially constructed home. Horizontal shot.

Building a Custom Home vs. Purchasing An Existing Home

Buying a home is an exciting process, whether you are looking at your first home or your fifth. Finding the right home for you and your family can be daunting and the first choice you will have to make is whether to by an existing home or build a custom home.

Buying an existing home is the most convenient way to get your family into a new home. All you have to do is shop around and find one you like. Your real estate agent will handle the paperwork and negotiations and you will be able to move within a couple of months. This method is best for people who are moving for work or to make sure their children are in a good school district.

An existing home is often less expensive than a comparable new, custom-built home. The reason for this is that the house is ‘used’ and may have problems that will cost thousands of dollars to fix.

The downside to purchasing an existing home is that older homes do not always have the amenities modern families want. Older homes often have just one bathroom, no central air conditioning or a small kitchen. To have the home you truly want, you may need to spend additional money on remodeling.

Having a custom home built for you and your family avoids many of the pitfalls of purchasing an existing home, but it will cost more money and more time.

To build a new home, you will need to purchase land, hire an architect and hire builders. You will need to make every decision about the house from size, materials used, flooring, wall colors, cabinets, fixtures and roofing. Some of your decisions may drive the building process off budget. It will also take a builder between four and six months to build your new home.

The advantages of having a home built for you are worth looking at, though. Your new home can be designed for maximum energy efficiency and it will require far fewer repairs and commercial roofing bolivar mo in its first years. There is nothing as satisfying as living in a home that was designed exactly to your specifications and suits your style.

Whichever path you choose to home ownership, make sure you do your research and plan before you spend any money.