Custom Homes vs Existing Homes

April 15, 2013

Buying a home is a huge decision that requires careful thought and consideration before any purchase is made. There are two options to choose from when it comes to purchasing residential real estate – custom homes or existing homes. While there are pros and cons and headaches and smiles with both options, it is ultimately up to the buyer to weigh the options and make the right choice as to which route to take. Below is a brief overview of both options:

Pros and Cons of Purchasing an Existing Home

An existing home refers to a home that is already built. It was previously owned and lived in.

Pros of an Existing Home

  • You may be able to get the home at a great price
  • Existing homes are usually move-in ready
  • Older homes tend to possess a certain charming historic quality

Cons of an Existing Home

  • An existing home may consist of outdated building materials
  • Older homes are not usually energy efficient
  • The property is sold as is
  • Remodeling and renovation may be necessary

Pros and Cons of Building a Custom Home

Custom homes are houses that are designed and built uniquely. A custom home is built according to the wants and needs of the homebuyer with the aid of a team of qualified and accredited home builders.

Pros of Building a Custom Home

  • You will get everything you want in your dream home
  • Up to date and innovative building materials
  • New construction is more energy efficient
  • Everything is up to code, new, and safe

Cons of Building a Custom Home

  • The cost to build a custom home may be higher than purchasing one already on the market
  • There can be a large time investment; visiting with contractors and house site
  • May take up to a year to move into your new home

Above all else, location and budget need to be considered in both situations. Whatever option you decide to take, existing or custom home, location is a huge factor to consider. You have to be happy with the neighborhood and overall location of your potential home to be satisfied. The other factor to consider is budget. You have to determine the overall budget that you are willing to have to put into your existing or custom home and stick with it. If you’ve decided a custom home is for you, contact Custom Home Group at 717-284-4090 to get on the path towards your dream home!