Have you and your family outgrown your current home? If so, you might be thinking about buying a new one.
But rather than going that route, why not consider building one from scratch instead?
That might sound like something that only rich people can afford to do. But it’s actually a lot more feasible than you might think.
Take a look at five key reasons why you should build your own home instead of purchasing an existing one.
1. Gives You Exactly What You Want
Do you want a five-bedroom, three-bathroom house with three floors, a finished basement, an in-ground pool, a four-car garage, and a big backyard? That’s a very specific request!
You might be able to find a home that delivers most of what you want. But you might also have to compromise if you buy an existing home.
This is arguably the number one reason why you should build your own home. You can get everything you want. You can also put it in an ideal location for your family.
Jeff Stewart from HomesInMeridian.com explains that building your own home in an affordable location gives you the freedom to get exactly what you want.
2. Allows You to Customize Every Aspect
You can check more than just the big boxes like bedrooms and bathrooms when you build your own home. You can also customize the smallest aspects in a new home so that they’re exactly what you want.
You can pick out the right:
- Lighting fixtures
- Paint colors
The inside and outside of your home will be designed to replicate your dream house.
3. Costs Less Than You Would Imagine
Most people assume they need to be millionaires to build their own home. But this isn’t the case!
The final cost of your new home will depend on a variety of factors. But on average, people spend just over $150 per square foot to build a home. That works out to about $430,000 for a 2,800-square-foot home.
You can adjust that number based on your budget, though. If you’re OK with living in something a lot smaller than 2,800 square feet, you can get a custom-built home for just a couple hundred thousand dollars.
4. Eliminates the Need for Repairs
When you move into an existing home, chances are, you’ll need to perform at least a few repairs. It comes with the territory of purchasing a home that was previously owned.
After all, the former owners made it into their dream home. Now it’s your job to change it to fit your needs.
But you won’t have to worry about making too many repairs in a new home. This saves you money and prevents you from having to do much work at all outside of regular maintenance.
5. Makes You Appreciate Your Home More
You’ll be amazed by how much more you appreciate your home when you play an active part in building it. You won’t take it for granted when you see all the hard work that went into it.
You’ll find yourself giving thanks for your home more often than you would otherwise. You’ll also be more grateful for little things like insulation, drywall, and studs that you may not have even considered in the past.
Learn Why You Should Build Your Own Home
It’s easy to see why you should build your own home when you consider the reasons listed here. It makes a lot of sense to do it.
You will, of course, need to be patient when your home is being built. But your new home will be well worth the wait once it’s finally finished.
Find the right piece of property for your new home by checking out our real estate blogs today.