5 Reasons a Custom Home Provides More Value than a Pre-Owned
Everybody wants more bang for their buck. When it comes to a significant investment like a home, people seek to buy a home that exceeds their expectations but not their budget. This is difficult to do when looking at resale homes on the market. So if you’re on the market for a new home, here’s what you need to know about the value a custom home brings to the table.
So, why go the custom build route? The reasons are many, but we focus on some of the main pain points homeowners face when they embark on the home-buying journey.
Let’s take a look.
The Market Can Be Unpredictable
Let’s start with some stats. The real estate industry has been on quite the roller coaster in the past two years of the pandemic. In many places, including El Paso, a seller’s market dominated as interest rates dropped and uncertainty loomed. For many on the house hunt, this meant a limited amount of inventory that was significantly overpriced. Not only that, but many home buyers found themselves engaged in bidding wars that meant making compromises on the property and settling for something they would not have otherwise considered their ‘dream home.’
Many buyers automatically assume that building a new home comes with a much higher price tag. According to data from Lending Tree, the median sales price of new vs existing homes has narrowed in recent years. According to the numbers from the Census Bureau, the median price for a new home was $390,500 and a resale home was $359,900. That’s an approximate difference of $30,000, which is below what that difference has been in recent years.
As Builder magazine points out, many folks might consider a pre-owned home to be a more accessible route, but the value of a custom home goes far beyond the price tag. Housing industry experts predicted that demands for new homes will now wane in 2022 but with higher interest rates and low inventory, it might make it difficult to find the right house on the market.
5 Reasons Why a Custom Home Provides You More Value
Good investments are all about value and returns. As consumers, we know that saving money now doesn’t always mean saving money on a longer timeline. Quality matters, as does longevity with something that requires constant maintenance.
#1 Get a one-on-one journey with cutting-edge designers.
When you work with a custom home builder like Cullers Homes, your home-buying experience is very different from the journey of purchasing a pre-owned home. Sitting down with a designer means you get to flesh out your vision and adopt a cutting-edge design and floor plan to your new home. You avoid the mess of driving to an open house to find a home that doesn’t fit your style.
You get to decide on everything from the plumbing, foundation, floor plan, insulation, amenities, and more. When working with a designer, you discuss the foundational aspects of the house but also the aesthetics to ensure that your home fits your vision.
#2 Builder’s Warranty
When you purchase a pre-owned home you run the risk of running into a few surprises after you move in. Custom Home Builders will provide buyers with a builder’s warranty, which secures the property for a certain amount of time.
#3 Repairs and Maintenance
A pre-owned home will likely require some repairs or maintenance as soon as you move in. This is often the biggest expenditure that new homeowners face as they pick up the keys to their new homes. Whether it’s ceiling issues, water damage, or simple upgrades to appliances, paint, and light fixtures. When you move into a custom-built home, there are no accumulating repairs that will sneak up on you in less than a year. Your flooring is new, ceilings, light fixtures, landscaping, appliances, and more.
#4 Savings on Utilities
Today’s homes have learned a thing or two about energy savings and will cut down on bills due to the installation of more efficient appliances, better insulation, windows, design, and building materials. A modern home implements a variety of smart building techniques and features that add up to a better-performing and longer-lasting home. Cullers Homes implements energy-efficient principles when building a home to help homeowners save on energy.
#5 Custom Design
Ultimately, the design is custom-made for you. And while that is the initial draw to custom-build homes, the value extends far beyond it. But let’s talk about why a custom design provides value. Nobody understands your lifestyles and your priorities better than you. And whether you are a young couple looking to settle down and start a family, or whether you are a growing family, or empty nesters trying to find some peace and quiet, your home should adapt to your lifestyle and what you consider important.
Build it Right. Get Quality, Value, & Optimal Efficiency With Cullers
After years of working with the El Paso community, we have established deep routes with our custom designers, architects, and work crew. Every person on the team works to make your custom home a reality in the fastest and most convenient way possible.
Are you ready to learn more about the Sun City’s leading custom home builder? Contact Cullers Homes today and make an appointment.
