It is a common misconception that you’ll save money buying an existing home rather than building a house from scratch. If you think not only of the upfront costs, but also a few extra costs over a lifetime of home ownership, building a house can make more financial sense. Even a custom home can make up for the added cost to build when you look at the whole picture.
- You aren’t paying for what you don’t want or need. You could find a great home in the neighborhood you hoped for, but the chances of it being perfect are slim. The likelihood is that there will be at least some features that you could do without, yet you are paying for them nonetheless. Do you really want to pay for that fourth bedroom or pool you won’t get much use for? Building a house means you get and pay for only what you want for you and your family.
- You keep paying for those extras. It isn’t just that you are paying for space or features you don’t need. You are also paying for the taxes, insurance, and maintenance involved with them. For example, the costs involved with maintaining a pool are incredibly high and only worth it if you’ll get enjoyment from it. The more square footage involved, the more it will cost you for utilities and replacement materials such as flooring and paint. Building a house that is the perfect size keeps your cost-to-enjoyment ratio balanced.
- New means lower costs for years to come. Building a house gives you the opportunity to incorporate the most energy efficiency possible which can equate to thousands of dollars saved over a lifetime. You also won’t have to worry about big ticket repair and replacement costs any time soon, such as a new roof or HVAC unit.
Here at Chad Goodin Signature Homes, we offer custom-built new homes that will be everything you need and want with no extras that waste your money. We are as qualified and capable with building a lower budget home as we are a luxury home. Our main goal is building a house that makes financial sense to you for the present and the future. Contact us today to learn more.