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Are You Ready to Build a Home in 2013?
Building a home is no easy feat. From researching and interviewing builders to staying within budget, there is a lot that goes into building a dream home. It’s not all fixtures and paint swatches!
The Complete Guide to Building Your Own Home and Saving Thousands
While building is stressful in the short term, it results in a long-term home completely optimized for your life. There are definitely benefits to being in the driver’s seat as a part of the process. If you’ve contemplated building a home, but are not certain it’s the best step, then you’re in the right place. Here are 5 Signs You’re Ready to Build a Home in 2023.
5 Signs You’re Ready to Build a Home IN 2023
1. You’re Tired of Paying Rent
While going from renting to building your first home may seem like a drastic leap, it isn’t as far-fetched as it sounds. For people who know exactly what they want in a home, it saves time to go straight to building.
While there are a multitude of benefits to renting a home, there are also so many cons. Three cons include that your rent can increase at any time, you’re not building equity, and you’re unable to make any home improvements or changes without approval.
For pet lovers, those cons can also include breed restrictions and additional pet fees. With homeownership, all of these inconveniences can potentially be alleviated.
If you’re tired of renting and content with an extended timeline, then building is a great solution. While exact projected timelines vary, building a home takes several months. If you want a completely custom home, that timeline increases even more.
Because building is an extensive process, don’t waste unnecessary time in the real estate market. Especially, if you already know you want to build. Building a home is definitely not for those on a tight schedule or deadline!
2. Your Family is Growing
As your family grows, so do your needs and expectations for your space. While we applaud creativity, there is only so far you can stretch your space before it is no longer functional. Building a home allows you to best optimize the space for your family’s needs. A larger family, for instance, may have to resort to unconventional methods to provide enough bedrooms.
With a move-in-ready home, a den or office may have to transform into a bedroom. With a custom build, you can strategically optimize your floor plan to accommodate your family’s needs. Instead of a large, open-concept basement, you could opt for a smaller rec space with two additional bedrooms and a hall bathroom.
This versatile loft space in the “Hamilton Estate” model by Cardinal Crest Homes is beautifully executed. Having a playroom space in the basement or upstairs loft makes a huge difference, especially if you have young kids.
This allows for toys and other items to be hidden away instead of taking over the main living room.
3. You Can’t Find the Right Home
If you’ve been actively searching the market but still can’t seem to find the right home, it may be time to build. While move-in-ready homes offer convenience, you often have to compromise on some aspects of the home. These compromises may mean having to forget about items on your must-have list that make homeownership worthwhile. Building offers more options that can help to altogether alleviate unnecessary compromises.
Knowing your home is brand-new also helps reduce the risk of surprises. These surprises can include anything from termite damage to outdated HVAC. It is also no secret that home standards have significantly improved over the past twenty years.
Technology has come a long way since 2000, and new building and energy codes reflect the changing times. Older homes adhered to different standards and are in turn less energy-efficient than new builds. Increasing energy efficiency means overall lower utility bills.
4. You’re Financially Stable
Building a home is typically more expensive than buying a move-in-ready home. However, with a new home, you do not have to account for maintenance on older items in the home. Of course, the final numbers all depend on your location, the size of the home, and the materials used.
Even if you are financially stable, you have to stay vigilant throughout the entire process. Interior finishes such as flooring, cabinet, doors, and countertops, can add up quickly.
However, there are budget-friendly solutions if you are set on building a home. For instance, a modular home is more cost-effective than an on-site build. Modular homes are built off-site, with mass-supplied materials, and then transported to the final destination. Since they are built in a factory setting, costs can be more accurately quoted.
For all these reasons, it takes significantly less time and money to finish a modular home versus a site-built home. If you find yourself in a time crunch but still want a custom home, then a modular home may be for you.
5. You Want Things New and Shiny
The older a home is, the more problems that may be lurking around every corner. It is totally understandable to want a new and shiny home with all the bells and whistles. Building allows you to take a hands-on approach to your future home. While a completely custom home takes longer to build, you’ll know without a doubt it is optimized for your lifestyle.
While move-in-ready homes allow you to make renovations when your budget allows, they also come with complications. When you’re already living in a home, large renovations can become a nightmare.
For instance, a kitchen renovation makes your kitchen unusable for an extended period of time. Even if there is a set timeframe, renovations rarely go according to plan. So, if you have a family constantly on the go, renovations become a total headache.
With a new build, you’ll be the first to make an impression on the home. You won’t have to put up with mysterious dents or questionable insulation. If you hate surprises and the unknown, building truly allows you to eliminate many uncertainties.
To Build Or Not To Build A Home In 2023 – Final Thoughts
Building a home may not be for everyone. If you’ve nodded your head in agreement while reading this post, then there’s a high probability building is the correct path for you. Building a home offers a more hands-on approach than buying a ready-built home. While the process can sometimes be more stressful, you end the process with exactly the home you want.
Plus, there are huge benefits to knowing your home is brand-new. You won’t have to deal with surprises like asbestos in the walls or lead paint.
Furthermore, custom homes are a great option for large families that struggle with traditional move-in-ready homes. No longer will you have to enlist creativity to fit the entire family.
If you have the time, resources, and finances, building is a great way to create your dream home. So, what do you say? Are you ready to build a home in 2023?