If you’re in the market for a new house, you’ve probably seen a fair share of newly finished homes as well as empty lots. There are many attractive, new communities in the area boasting gorgeous turnkey homes. At the same time, undeveloped land in the area may be vacant, awaiting a custom built home. As you drive through desirable areas, it’s likely you flip-flop between wanting a finished home and the empty lot next door. After all, both have for sale signs.
Advantages of New Homes
New homes offer buyers many benefits. Perhaps the greatest advantage is being sold completely finished allowing for a quick closing process. Many buyers want to close in 60-90 days, and this is very possible with an existing home. The downside with this option is there’s no opportunity to customize. Additionally, there are more marketing costs and fees accrued by the builder, which translates into increased costs for the buyer. It’s also recommended that buyers of a new home be represented by a real estate agent.
Advantages of Custom Homes
The primary advantage of building a custom home is that it can be built to individual specifications. Everything from style and design to cabinetry, hardware and fixtures, windows to countertops, is customizable. Custom homes are designed with the specific vision of the buyer in mind, and plans can be altered as the process progresses. The buyer has control and freedom. It’s a win-win for all parties: the buyer benefits from unlimited choices, and the builder benefits from already having a buyer. However, because it’s built from scratch, a custom home will take longer to complete.
Is a custom home too good to be true?
The myth is that custom homes are too good to be true, even a bit out of reach. However, it’s entirely possible to have a custom built home within your budget. There are three keys to making it happen:
1. Purchase your land
2. Hire a builder
3. Owner Financing
If you’re considering this option, it’s important to work with a home builder who guides the process. This means developing a custom plan for you, but also ensuring it meets your needs and budget. To learn more about our hands-on approach to designing your dream home, contact Highland Builders today.
