31 Jan Decision Time. New Custom Home Build vs. Resale Home
Among the toughest decisions to make when seeking a new home – choosing a new custom home build vs. Resale Home. On the surface, it may seem like a simple decision. Newly built custom homes come with everything that you want, assuming budget can support it. You get to build what you want, with all the up to date amenities and new state of the art appliances. There are some challenges, among those that you may have difficulty finding the lot you want in the location you want to build.
Resale properties may give you a bit more flexibility in cost and location, but you may have to accept compromises in the things that ou want in your new home, and financing may be a bit more challenging.
There are a number of points to consider, but increasingly today’s new homes represent the best option. Here are a few things to consider as you weigh your options:
New Custom Homes vs Resale Homes
- A New Home is Custom Designed for Your Personality and Family Needs
Buying a resale home almost certainly requires settling for something less than your dream home. You have to accept the floor plan, regardless of its limitations for your new home vision. You are buying the light fixtures, flooring, and cabinetry that someone else chose which may not reflect your unique style and may be outdated. When you buy a new custom-built home, you get to design your home to your specifications, realizing your true dream home wishes. From layout to materials and finishes, to features that fit our lifestyle perfectly, your new home can reflect how you live, not someone else’s lifestyle and choices.
- Floor Plans for How You Live
Resale homes generally have dated floorplans that were designed years ago. With a custom home build, you can design a home for today’s lifestyle with your builder. Open layouts, tall ceilings, oversized kitchen islands, large master closets, spa bathrooms and more – the choice is up to you and your family. Does your home vision include a spa retreat master bathroom? A Butler’s Pantry for entertaining? A fully equipped work-from-home office? A Luxury Laundry? His-and-hers walk-in closets? A 2-story family room? You have all these choices and more when you build a new custom home.
- Custom Home Warranty
A newly built custom home is covered by a warranty. This allows you to buy with confidence. If something breaks during the warranty period, the builder will cover the costs. With a Resale home, you may not know about defects or problems until after you have bought the home. If needed repairs surface after your closing, you’re on the hook for the bill. Replacing items like a roof, air conditioner or water heater can result in thousands of dollars in unplanned costs. Your new custom home, on the other hand, will offer years of comfort and peace of mind.
- Energy and Cost Savings
New custom homes are built with current energy efficiency standards. They are far more efficient than homes built even five years ago. Energy-efficient windows, tightly sealed construction and proper insulation in a new custom home will reduce utility costs and usage. Your newly built home will stay cooler in the summer and warmer in the winter as a result of Energy-star appliances and high-efficiency HVAC systems, reducing usage and providing savings on energy bills.
- New, Popular Neighborhoods
New custom homes are generally built in new or popular neighborhoods. With a new custom home, many of the homes in your community will be current, updated and in some of the finest neighborhoods in the area. These top neighborhoods often offer highly-rated schools and are close to great shopping, dining, and entertainment.
- Family Safety
New custom homes are built using low- and zero-VOC (volatile organic compound) paints and building materials, making for better indoor air quality. These new homes feature State-of-the-art circuit breakers that reduce electrical issues, high-efficiency furnaces and air conditioners that use the latest environmentally-friendly coolants making the home safer for your family.
- Easy Transaction
A custom home builder is equipped to manage all aspects of the transaction for your new dream home. They can help guide you through financing options and most will have preferred lenders and title companies who know the area, the market, and the best loan options. Your builders will want you to have a smooth and Stress-free closing. They will want to make it easy for you to write your contract, get approved, move through the mortgage process and close on your new home on time. Custom home builders also have experience in helping buyers sell your existing home and move into your newly built home, with limited stress.
- New Home Convenience
The great thing about your new custom home is that it will be move-in ready. Unlike a resale home, you won’t need to close on your home and wait to move in, while you update flooring, replace outdated appliances, replace the carpet or paint dirty walls. All of your appliances will be brand new making you the first to cook in your new kitchen. Ditto for using your new spa bathroom and enjoying your outdoor kitchen. Living in your home while you update your kitchen or replace flooring can be very messy and inconvenient. When you build a new custom home, you’ll move into ready-made carefree living!
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