Many people have dreamed of building a custom home at one point or another. However, few people who are looking through homes on Realtor.com realize that building their own home is within their reach, and a lot less frustrating. There are many benefits to building over buying.
The Benefits of Building over Buying
You might be surprised to learn that when you build a home, you’re likely to pay less per square foot than when you buy. That’s because newly built homes are usually larger, with a median size of 2,467 square feet. In other words, the cost per square foot is $103. Compare this to an average cost per square foot of $148 for an existing home and you can see the value in the building.
Plus, when you build, you get exactly what you want. You get to customize your house from the ground up. Choose the layout, cabinets, flooring, sinks, lighting, paint colours and door handles. You name it, you can alter it.
When you build your home, you also start fresh with your house. You will be the first person to live there, so everything will be new and untouched. New homes offer modern features and finishes that won’t need to be repaired or replaced for a long time.
New builds are built to be more energy efficient, too. Current building codes and modern technologies can reduce your carbon footprint and save you on monthly utility bills. You can even add upgrades like solar panels, geothermal heating, and cutting-edge energy efficient appliances.
Building your own home offers you a unique, personalized experience, plus a home that’s designed for your family – something you won’t find elsewhere in the housing market.
Another consideration is that building your own home allows you to maximize your budget. When you build you can choose to spend money on only the features that really matter to you. You won’t end up buying a home with luxury features you don’t care about. Instead, buy a home with only the features that will make your life more comfortable and functional.