The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
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Many homeowners spend lots of energy and time searching for or designing their ideal home before making a down payment or signing contracts. There are several factors to consider when looking for a home, including market trends, property taxes, price, location, and even homeowner association fees. The condition of the home should also be considered. You likely have a specific wishlist for your home as well filled with features that you need and want in your new home.
These are just a few of the reasons why you may want to have your home built from the ground up instead of buying an already-existing home. Here are a few of the benefits of building your next home instead of buying it.
A brand new home may be better for the health of your family. Older homes often contain lead paint, mold, and asbestos. Of course, you could get asbestos removal, but it makes the moving in process longer and can get pricey quickly. If you have a new home built just for you and your loved ones, you can choose materials that are suitable for the environment and you won’t have to worry about harmful substances in your home’s foundation.
Talk to your builder about installing Energy Star-rated appliances, efficient plumbing fixtures, and toilets that don’t use as much water. You can also ask for home automation features so you can see the condition of your home even when you’re away. It’s also a good idea to talk to your construction team about solar panels and other elements of your home that use natural energy and preserve natural resources.
Even though having your home constructed is not as convenient as buying a home, you have more of a say in the process. You can choose the lot for your new home and you’ll be able to work with the construction team of your choice.
You also have the option of choosing environmentally-friendly building materials and you can choose a home site that gives you access to municipal sewage and water. Overall, when you have your home built from the ground up, you’re more likely to get exactly what you want in terms of structure and aesthetic features. You can find custom home builders in North Carolina or your particular locale to make the home construction process a smooth one for you and your family.
The upfront costs of home construction are higher than a down payment on an existing home. However, you may be able to recoup your investment. You’ll likely get much more if you decide to sell the home in the future, since newer residences are often more appealing to buyers. New homes don’t require as much maintenance and repairs, so once you move in, you won’t have to spend as much money to keep the home intact. You’ll also have a warranty with your new home, which means you’ll be covered if something needs to be repaired or replaced.
You’ll also feel a more tangible emotional connection to your home if you customized all the features and watched the progress of the construction. Building a home that matches your personality and sense of style can give you and your family a new sense of appreciation for the place you call home. You may also be more likely to keep this home in the family instead of selling it in a few years. While there are several advantages to building a home instead of buying your residence, it’s important to keep in mind that the building process will likely take a long time. You may have to wait months or even years before you can move into your brand new home. Overall, the building process may be more expensive as well; however, you’ll be able to choose the customized features you want in your home to make your residence one of a kind.
If you’re considering having your home built from the ground up, ask your potential builder to give you a few references. Contact some of the homeowners the builders have worked with so you’ll get an idea of what to expect during the home construction experience. It’s also best to sign a lump-sum contract instead of a cost-plus contract to ensure your beautiful new home is as affordable as possible.