When you’re looking to buy a home, you’ll probably start by deciding whether to build new or remodel. That means you will need to do some research. Which offers better construction? Is it cheaper to remodel or build a new house? How long will it take to get your dream home? The good news is that you don’t have to do all the homework by yourself. We have a few answers to help you make a choice.
Are New Homes Built Better Than Older Homes?
In terms of new construction technology, new homes are built better than older homes. From the start, you’re getting better energy efficiency, in the building envelope as well as the equipment you use to run the various systems in the home. There’s no need to worry that you’ll find asbestos in the attic or lead paint on the windowsills. As such, all the mistakes that people thought were a good idea in the 20th Century will not be problems that you have to deal with.
When you move in, having a higher degree of security that everything will work according to specification is important. With a new home, you’re less worried about all the systems you didn’t look at during the showing or the home inspection. You can see the results of the work as it happens, so you can be sure of a better experience.
As you go through the building vs renovating debate, it’s important to focus on your personal goals. If you always wanted to build a custom home, then you simply have to determine when is the best time. Custom home construction doesn’t happen overnight, and you may spend a decent amount of the process looking for the right land. With the way that housing prices are going up across the Wasatch Front, plus the number of new developments in Utah County alone, you may need to act soon if you want to have the option.
There are a few reasons to wait to build a new home, like needing to get into a home within a short period of time or planning to move within a year or two. But most people could benefit from starting the new construction home buying process. If you are wondering whether to build a house now or wait, we have a few factors for you to keep in mind.
Why Building a Custom Home Is Better?
Still not sure which decision is right for you? You may want to consider the benefits of building a custom home. We have outlined a few for you to think about as you plan.
1. You Get What You Want
When you build a custom home, you get exactly what you want. You’re not having to look through 100 homes for sale to see which ones you might be able to work with. Instead, you can decide how you want the layout to work, the look of the landscaping, and all the materials. In essence, you’ll be living in your own home, not something designed for someone else.
2. No Need to Customize When You Move In
A custom home is already built to your specifications, so you don’t have to customize it after you arrive. Moving is such an ordeal. You have to pack everything you own and make a plan to relocate all of it to your new home. The last thing that you need is to rush a bunch of painting, floor upgrades, or repairs before you move. And no one wants to do all that work right after they move in, either.
3. Everything Is New
Ever lived in a place where practically every appliance or fixture is on its last legs? Worried about what it would cost to fix or replace? A new home means that everything is new, from the framing to the faucets. Most experts say you should plan to spend as much as 5% of your home’s value on repairs and upgrades each year, especially if you’re buying an older home. By building new, you can save a lot of that money toward something you want, like a vacation.
Is It Cheaper to Build a New House or Buy an Old One?
If you’re wondering, “Is it cheaper to remodel or build new?” you should know that the answer depends on a lot of things. When you build a new home, you pay for all of the costs of the project at once. By comparison, planning to buy a home and then remodel it spreads out the costs and the duration of the whole project.
If you’re an expert, you can probably estimate a lot of those remodeling costs on your own. Since most homeowners aren’t experts, you might be in for a few big surprises once you realize the extent of all the work you need to do. In short, if it would take a ton of customization to turn an existing home into something you’ll be glad to have, you might be better off building new.
By now, you should understand that building a home is so much better than buying an old one, especially if you have big dreams for your future house. At 10x Builders, we aim to make your custom home the best investment you have ever made. Contact us for more information about building your new construction home.