Building a brand new house can be both an exciting process and a substantial financial commitment. It’s thrilling to choose everything when you design and build a home (from flooring, cabinetry, and paint colors to door handles, windows, and more), but it can also quickly become overwhelming if you’re not careful.
So why do people decide to build a home? What makes it so attractive? Here are ten reasons why you should consider hiring a contractor to construct your new home instead of purchasing a pre-owned house.
- You Can Customize Your House
Have you been house-hunting for a while but can’t find anything that’s quite right? It can be difficult and exhausting trying to find exactly what you need and want. Looking at pre-built houses can also be very discouraging.
However, once you decide to build a home, you control the design down to the smallest details. You can create the floorplan, choose the number and size of bedrooms and bathrooms, and add all the little touches that make you happy. Do you want a chef’s kitchen? A spa-like master bathroom? A finished basement? Walk-in closets? A builder can make your family’s dreams come true because you’re getting exactly what you want.
Your house will be move-in ready, so send out those invitations to the housewarming party!
- It’s Brand New
All of the components are new when you build a home from the ground up. Therefore, within the first few years, the chance of having to make any repairs is virtually zero. Sit back, settle in, and enjoy your home without worrying about maintenance. Reputable builders offer warranties, so if something breaks within a designated time frame, the company will repair it at no cost to you.
When buying a pre-owned home, there will always be changes you’ll want to make – even if it’s just repainting the bedrooms. That inexpensive, older house might seem like a great deal at first, but all the repairs and upgrades to the electrical system, HVAC, plumbing, flooring and replacing drafty windows and doors may end up doubling the price. You may also want to wait to move in until all repairs are complete to not live in a construction zone, adding rent or another mortgage to your list of expenses.
- Avoid Bidding Wars
Currently, the home-buying competition is fierce, and houses are selling quickly. Even if you find a good place, you might end up in a bidding war. But when you build a home, you never have stress from searching or worry about getting outbid by other buyers. Choose the lot and the floor plan, and it’s all yours.
4. Smart Technology
As people get used to the convenience and added safety it can provide, Smart technology in homes is becoming more common. When you build a home today, even if it isn’t filled with tech equipment immediately, it can be wired for everything from smart electronic systems to security measures. The benefits you get from having a smart home may also earn a discount on your homeowner’s insurance.
5. Build With Better Energy Efficiency
You can make a big difference in how your home is built when you care about energy efficiency. Focus on leading technology and energy savings with better windows and insulation, low-flow toilets and faucets, energy efficient HVAC, Energy Star rated appliances, and more. A custom-built home can also offer money-saving options with solar panels, water-saving landscaping, and better construction techniques.
6. Build a Home to Get More for Your Money
Compared to homes built 20 years ago, houses today have about 700 additional square feet of livable space with larger kitchens, bigger bedrooms, more windows, and more closets. However, you can also maximize the value of every square foot and customize it to your family’s lifestyle. Don’t pay for wasted space you never use.
In addition, discounts on materials, shopping sales, and controlling the project’s budget from start to finish can allow for savings and upgrades. Getting a deal on lumber or appliances could turn into quartz countertops in your dream kitchen.
Combine a larger home with lower maintenance, energy efficiency, smart technology, and upgraded finishes, and you get a home that offers you more and truly works for you and your family.
7. A Solid Investment
In today’s economy, homeownership is still one of the most dependable investments you can make. Over the last ten years, there has been an 88% increase in national home values, according to Robert Shiller, Professor of Economics at Yale University. Buying a home is often the first and most crucial step in securing future financial stability for yourself and your family.
8. Get Instant/Smart Equity
As mentioned under “Get More for Your Money,” you can instantly increase the equity in your new home by purchasing some of your materials and eliminating traditional mark-ups by negotiating pricing. When you understand every step of the process, you are more likely to build a home that appraises at a higher value than the cost of construction.
Additionally, ask the builder if you can put some of your skills to work: paint bedrooms, plant bushes and trees, hang wallpaper, clean up the worksite, take garbage to the dump, etc. Whatever you can do to eliminate labor costs will save you in the long run, too.
9. Set Your House on the Site
Have you ever walked into someone’s home, looked out the window, and ended up staring right into the next-door neighbor’s bedroom? Then you’ve experienced poor home positioning. When building your new home, you can make it fit correctly on the lot. Angle your home for the ideal sun exposure, set it to maintain privacy, or take advantage of a beautiful view. Turn the garage, so neighbors aren’t looking inside, etc.
10. Build a Home for the Feeling of Satisfaction
Building a home offers an emotional aspect, too. There’s a sense of pride and satisfaction in knowing it’s all yours. No one has lived there before. Your family gets to start fresh, and you have chosen everything. Your family members are the first ones to make memories in this home. Congratulations!
Contact Jewell Homes
Are you downsizing after a long career or looking for a larger home for your growing family? Do you need a different floor plan to accommodate changes in your lifestyle (working from home, elderly parents moving in, etc.)? Jewell Homes can help you create just what you’re dreaming of. The professionals at Jewell will also make the entire experience a pleasure.
You’ll work directly with John and Jamie Jewell, the owners. John and Jamie will guide you through the entire process – from the first meeting, to choosing a lot, the floor plan, and finishes. They will answer all your questions and continue working with you until you are completely satisfied and move into your new home.