Home buyers frequently ask themselves if it is worth paying extra for a custom home. And the answer to that question is always based on many factors like the scale of the project, its geographical location in comparison to a chain or community of models, etc.
Different Types Of Home Builders
If you decide to build a home, the two primary types are production homes and custom homes.
Production home builders specialize in large-scale building, buying and selling homes as quickly as possible. With short-term projects and low overhead, production home builders make their profits by building a home without minor customizations or improvements, which is perfect for families on a tight budget.
Custom home builders are experts when it comes to designing and building homes that are tailored to specific needs of individual homeowners. Whether you need a home with multiple bedrooms, a pool in the backyard, or even the perfect addition for your office, these builders can find exactly what you’re looking for.
Factors that affect the construction cost of a house
- Location- a central location of the city for easy access to all the required services and amenities.
- Local zoning restrictions and building plans -avoiding the need to rezone land, make way for bridges or roads, etc., as well as avoiding delays caused by planning permission drafting.
- Building materials -being aware of differences in approved and permitted building materials such as reinforced concrete or steel beams to ensure they are being used correctly relative to their intended purpose.
- Construction costs increase with age of property – older properties tend to cost more due to wear and tear and maintenance costs which are generally lower after a certain point in time but can be recovered through improvement works (e.g., roofing)
Land
As land factors often play a role in the purchase or construction of a new home, many factors can affect the cost. For custom homes, there are pros and cons to being able to choose the location of your lot. On one hand, if you are looking for something outside of a cookie-cutter neighborhood you want to live in, building your own lot offers the opportunity to buy the perfect lot for your family.
However, this also means purchasing land can cost more than expected if the land is remote or rough, and must go through expensive surveys and excavations.
Design
Design can be an advantage to custom home builders because the pain of having to compromise design is eliminated. If a builder does not have the means or the time, but must sell a product, then you are stuck with what you have. However, if you have an idea that meets all requirements, and it is well thought out and in line with current trends, then your design will sell regardless of budget.
Is building a custom home worth it?
While building a custom home is more expensive, you will pay for the best of quality and design. Additionally, you get to choose the materials to use and efforts put into your design. For example, brick has a ton of detail and color options as well as built in insulation that no other material offers. Wood also has a personal touch that can be great when you want an accent wall. Also, many people have come to believe in certain materials and styles that they prefer after having built their own homes; this is especially true with wood panels. This preference may lead them towards getting a house of their own instead of renting one or buying off-the-plan.
There are many great reasons to build your own custom home. You can design your dream home, and make the most of any lot size. You can customize the layout to fit your needs, whether that is living in a high-rise or a single family home. It’s not just about the money but the pride of having built your own house, to look back on and see that you made something special from the ground up.
