Buying a home is a large investment. When you put that much money into something, you should get exactly what you want. You might find an existing home that has some of the items on your wish list, but the only way you’ll get everything you want, exactly how you want it, is by building your own home. A new custom home will be your own creation, matching your style, personality, and specific needs better than any existing house you might find. You have an emotional connection, that new house smell, and all the features and amenities you want in a home and nothing you don’t.
Build a House vs Buy
When considering whether to buy or build a house, know that older houses tend to require more renovating and updating overall, and these additional projects add up quickly. Older homes are more likely to be functionally obsolete and no longer meet the needs of our modern lives. Older houses require more upkeep and maintenance. Appliances may be less energy efficient and close to the end of their lifespan. Warranties may be expired and maintenance plans can be expensive too. While you may pay less up front to buy an existing house, the costs of renovations are considerable. Your total expenses could even be higher than if you were to build a home from scratch.
New homes are also more efficient than older ones, which means lower utility bills, which saves money in the long run. Newer houses are better insulated, better ventilated, have new, energy efficient appliances, and are more eco-friendly than older ones. When building your own home, you can add green features like low-flow faucets, more efficient toilets, solar panels, and LED lighting, and you can install and wire your home for the latest technology and high speed internet. New A/C units are significantly more energy efficient and require less maintenance, saving hundreds each year.
Choosing to build a house may even be better for your health. New homes are less likely to contain toxic substances such as mold, lead paint, or asbestos. Newer homes are built to meet the latest safety codes and standards so you protect your health and safety better by building your own home.
Recouping Your Investment
Looking ahead, the resale value of a new home is higher than older ones, especially energy efficient homes with lower utility bills. The greening of new homes is an important value add that most existing homes don’t have. The median sale price of homes with green, eco-friendly features is $47,600 higher than for homes without any green features, according to a study by Redfin.
Build a Home on the Treasure Coast
Building your own home may seem overwhelming and work intensive. At Passage Island Construction, we have a collection of floor plans and models to help guide you through the designing process. Our models embody our expert’s best practices and years of experience, and we will customize your home to best fit your needs, wishes, and dreams. For those who choose to start from scratch, we will work closely with you to create your dream house. Whether you are looking for the perfect lot or already own one, we can help you every step of the way. Visit our website for more information about our distinctive communities and model options, or contact us.