When looking to move or expand your current living space, it is worth your while to consider whether to custom build your home or move into a tract home. There are many tradeoffs to consider, so it is a good idea to write down what your priorities and expectations are for a new home. After all, a home is likely the longest lasting purchase you will make, so this is the time to be cautious. So, let’s start by considering the benefits to hiring a contractor to custom build your home.
For starters, because you will have ownership, you have better control of the design and function of your home, allowing you to plan for the future. Perhaps you want extra space to make room for a kid’s room or really value an in-home gym. These types of expansions are difficult, if not impossible when you buy from a prebuilt or tract home.
Another benefit of a custom built home is self expression. Being able to choose between hardwood or tile flooring is a choice that those who buy used homes or tract homes don’t get to make. Some of the smaller advantages of a custom built home include: lower maintenance costs, choice in the location, an investment, and the home can be built around your budget.
Some of the disadvantages of a custom built home is it typically costs more money than a prebuilt home, it takes longer to move into than a prebuilt home, and will typically require a bit more work on your end in terms of communicating with the contractor. Many of these cons are to be expected and are well worth sacrificing for the tradeoff of owning your home. So, take a hard look at your budget and priorities to determine if a custom build home is right for you!