Between building a new home from scratch and simply moving to a new residence, the choice is often clear which is the smarter choice. Moving in is arguably the more cost-effective method, while building a custom home requires a big investment.
But, don’t let the hefty price tag of building a new house fool you; while moving in may be more affordable, and arguably reachable, a custom home built with your specifications can save you a considerable amount of money.
Custom Homes and Energy Efficiency
When you compare a custom home from your standard production home, the former has more versatility in the way it’s constructed. The design of production homes are reused again and again, which means your neighbor (or the house a few blocks away), may have the same appearance as your own.
Custom homes obviously are specifically designed to your liking, including appearance, but one important thing that sets it apart from standard production homes is its potential to become more energy efficient in the long run.
Many builders, such as Keystone Construction, note that since you have total control of what’s included in your custom built home, it means that it will have more updated technologies. Production homes have standard equipment, such as insulation and HVAC systems already installed. This might be convenient, but it may also be dated by the time you purchase the home.
Dated equipment is a serious thing; not only is there the potential to accumulate excess energy costs, repair work is generally more costly as well. With custom homes, you’ll have the peace of mind that the equipment and technologies you’ve installed are brand new.
A Long-term Investment
One of the main disadvantages of buying used or production home is the amount of maintenance you’ll potentially have to do once you move in. It’s not surprising that even after some detective work before you purchase the house, there’s bound to be something that needs repair or maintenance. The price tag may be less than what you’ll have to pay for a new home, but the repair work can bust a hole in your wallet faster.
Custom built homes don’t require that much repair, and since you know how it was built from the ground up, you’ll have knowledge of what may go wrong in the future, and have it addressed even before it begins.
Deciding on a custom built home may require more upfront investment, but in the long run, it’s the more economical choice when you compare it to buying a used or production home.