Should I Buy a Custom Home
As you are looking through your housing options, having a custom home built is one of the possibilities. This option is not for everyone, and you need to consider the following points before making your final decision on the matter.
Now, this is not always the case, but it is generally going to be more expensive to purchase a custom house than it is to buy one that is already on the market. Additionally, it can be more difficult to negotiate. You won’t have neighborhood comparisons to go by, and you will have to follow the lead of the industry standards in the field of custom home building.
The Time Frame
Of course, purchasing a home and moving into it does not happen in a quick moment. Still though, having a house built for you is going to take a considerable amount of time. This note is especially true if the house is an extremely large one. In the event that you need to move out of your current home or apartment within a given amount of time, you will have to find other living arrangements while waiting for the house to be built.
The Necessity of a Custom Home
Before you make the final decision regarding a custom home, you and your spouse or the other home buyer need to sit down and figure out if such a house is really necessary. Clearly, it does take a lot of time and money to build one. Ask yourself the following questions: Have we looked at all of the other homes on the market? Are none of them for what we are really looking? Will a custom home suit our needs better than any of these houses can? Depending upon your answers, you’ll likely know if a custom home is right for you.
Length of Your Stay
Spending the time and money to have a custom home built and then moving out after only a few years is usually a bit frivolous. The only exception would be if you are having this home built to rent out to people for vacationing purposes or are in a similar situation. When you make the decision to have a company build a home designed to your exact specifications, you want to be sure that this is the house in which you plan to live out the majority of your life.
The answer to whether or not you should have a custom home built is really a very personal decision. For some people, this project will give them the opportunity to have the home of their dreams. In other situations, it could turn out to be too time consuming and expensive of an endeavor.