If you’re about to own a house for the first time, choosing the perfect one can be pretty overwhelming. Not only do you have to crush numbers just to fit your budget to acquire the property, but there’s also the daunting task of the seemingly endless search for the perfect house amid an ocean of real estate for sale.
However, there’s a tiny piece of advice that several first-time homeowners may not have been told about when they’re looking for a house: there’s always the option of hiring a builder to develop your custom-built house aside from the popular choice of buying a real estate.
Photo by Green Villas Construction
Both types of houses have their advantages and disadvantages. Read till the end and you might get swayed as to the advantages of custom-built houses versus real estate houses!
Real Estate Houses
Buying real estate is still the most common and widely-known way of buying a house. The first thing that comes into mind when we think of being homeowners is that we have to find a good realtor who’ll help us find our very first property.
Some people opt to go house hunting on their own, without getting any professional help whatsoever. This can be quite problematic, though. Buying a house without getting the right research provided by professionals such as the history of the lot or the kind of neighborhood the house is on could cost you a lot of regrets in the long run. There are lots of factors that go into buying real state and people who have no experience in the field might not know exactly what they’re getting into and it would be too late since you’re already stuck in your newly bought house.
Let’s take a look at some pros and cons of buying a real estate…
Pros of Buying Real Estate
– Move-in ready:
Perhaps, the most compelling aspect of buying an existing home are those three magic words, “move-in ready”. There’s a lot of bureaucracy that goes into buying real estate, yes, but as soon as everything paperwork-related is finished and you’ve picked the house you want to buy, you can simply pack your stuff and move in.
The thought of buying a house that is move-in ready is very appealing and convenient for families who are on a tight schedule and who can’t wait to move into their new home.
Another advantage of buying real estate is that you’ll pretty much have an estimative of how much you’re going to be spending in order to acquire a certain property and keep it.
There are several specialized calculators available online that can help you calculate the total cost of a property, including the mortgage cost and taxes. Nonetheless, buying a house can be, in some cases, less expensive than building a house.
However, it can be quite difficult finding an already built house that fits all of your needs. Remember that everything’s already constructed and if something’s not to your liking, you’re basically going to spend on remodeling/upgrades.
Cons of Buying Real Estate
Naturally, when you buy a house that’s been on the market, it’s probably not the exact one you’ve always dreamed of. The estate was probably built for another family who lived there before you or it was built based on the specifications of the developer which twenty or thirty other houses also share. Imagine going home and you’re driving into a street with houses that all have the same color and design as yours on a dark, stormy night. You could get lost!
Maybe you’ll find the perfect house but it won’t have enough bathrooms, or maybe the kitchen will be too small for your family’s dining activities.
It’s highly likely you’ll find a feature of the house that you want to customize and, because of things like that, you could get into a money pit and sink deeper as you spend more and more on repairs and remodeling in order to shape the house to fit into your needs and expectations. You’ll soon discover nooks and corners that aren’t as good as what it looked like on photos that inspired you in the first place.
– Maintenance issues:
Houses for sale can stay in the market for months, or even years, on end. Because of that, when you buy a house, you might be buying a property that hasn’t been remodeled or upgraded for a very long time but is sold at a very affordable price for you. If you think of it, if you added all the maintenance costs to the wear and tear, it would have cost you the same as when you buy a custom-built house where everything’s new.
After you move in to that cheap but old house, the maintenance issues are just going to be a real headache which is not what you would expect when you decided to be a homeowner.
On that note, Custom-built houses are highly advisable for first-time homeowners who are looking forward to living in their dream house. Although real estate offers a variety of houses, it’s highly unlikely that you’ll find just one which fit into what you have in mind for yourself.
When you hire a developer to build your custom-built house, you know for sure you’re paying for a house that’ll be exactly how you want it to be, as you’ll get to make the decisions with its design and in everything else about its construction.
Read more and you’ll know more about some pros and cons of buying custom-built houses!
Pros of buying a custom-built house
As its name suggests, custom-built houses are planned out with a specific homeowner in mind. First-time homeowners are given the opportunity to say exactly what they want their houses to have; that is, you can customize the house you’re buying.
You get to pick out everything in the house, from flooring to the style of the doorknobs because you’re involved in the process in every step of the way. It could be a little but it’s certainly worth it, because once the house is finished, you’ll know you’re moving into a place that you chose yourself!
– Good for the environment and for you:
Houses built decades ago were built according to its time, so are houses today. The environment is crucial to our existence and people who live in this modern age recognize that need to take more caution, such as reducing the emission of gases and saving water. What many people don’t realize is that houses can also be prejudicial to the environment, thus house development methods also need to change.
Fortunately, there are laws that dictate how new houses must be built, and these laws are in favor the environment. This means that the builder of your custom-built house is obliged to include energy-saving solutions in your new home, which can decrease significantly your expenses in the long-term.
Fortunately, first-time homeowners don’t have to worry about buying a house that comes with lead-based paint, which is highly dangerous to our health. Additionally, you can opt to customize your house so that it’ll be a smart home. For instance, you can install self-dimming lightbulbs or wireless sensors that allow electronics to turn on with voice commands.
Cons of buying a custom-built house
A major disadvantage of a custom-built house is that you’ll have to wait at least a few months before moving in. It takes a while to build a house from scratch, so if you’re in a hurry to become a first-time homeowner or if you need to move into your new house as soon as possible, a custom-built house might not be the best option for you.
Because you have the opportunity to customize your home, your expenses may vary depending on the materials you pick out. However, you need to keep in mind that choosing cheaper materials are not as dependable as more expensive, high-quality ones that are guaranteed to last the test of time.
Consequently, although you might be spending more money on building your house than you would if you opted for buying real estate, the good thing is you’ll be saving more money in the long term. This is attributed to the fact that your new custom-built home won’t be needing any repair for a few years, whereas an existing home might show maintenance issues from the very beginning.
Custom-built versus Real estate: Final Verdict
Choosing the right home-builder is essential in order to save money and also to get that guarantee that you’re investing your money in a high-quality, well-planned house. To get the house of your dreams, you’ll need to work with the best in the business, check out Green Villas Construction!
Associated with the Saskatoon & Region Home Builders’ Association, Green Villas Construction is a notable home builder currently operating in Saskatoon, Saskatchewan. They have completed several successful projects over the past 10 years, establishing harmonious and long-lasting relationships with their clients.
Green Villas has also earned the Gold Service Award presented by the Saskatchewan New Home Warranty Program, which acknowledges Green Villas’ outstanding workmanship in the development of new custom-built houses as it specializes in developing high-quality residential and commercial buildings.
Now that you’re ready to be a homeowner to your custom-built house, get in touch with them by filling out the form or by calling the number available here. On top of that, you can also check their portfolio and see their past projects that include custom-built houses and commercial buildings!