Just as with most other things, the difference between a custom built home or purchasing an existing property will depend a great deal on your tastes, as well as the features and amenities that 
you’re looking for.
The building of a home can admittedly come with some expense – and in many cases, it may even cost more to build a home to your specifications as versus buying a home that already exists.
Just some of these expenses can include:
- Land – When you purchase an existing home, the cost of the land that it sits on will typically come along with it. But, buying and building a custom home will usually involve having to find and purchase the plot.
- Materials – The cost of materials will also need to be factored in. Here, for instance, an existing home was built with materials that were purchased in the past – sometimes, in the distant past. New homes, however, will require that you buy brand news materials. And, while the expense can vary from house to house, rising supply costs have a tendency to drive up the price for newly built homes across the board.
- Code Compliance – Added to the cost of building will often be code compliance. Throughout the years, many energy and other codes have changed. This will require the builder to comply with codes that may be more stringent – and in turn, costly to implement.
Yet, while it can be expensive to build a custom home, the benefits that you receive from that cost can oftentimes pay off nicely. First, a custom built home will typically be completed according to your individual specifications. This means that you won’t have to go in and remodel or redecorate an existing home – a cost that can also be substantial, depending on what you’re updating.
In addition, a new home will also have the most updated materials and technology. This can mean that you are using more energy efficient systems and appliances – which can tend to keep your year-round energy and utility bills lower.
For more details on how building a custom home can be a worthwhile investment, Contact Us. We will work with you in designing the ideal house to fit all of your needs, as well as your perfect vision.
