If you’re looking for a new home for your family, there are two main routes you can choose from: purchasing a pre-built home from someone else or designing a custom home using a design/build firm. Most homeowners looking for a home search the existing home market first, but it can be difficult to find your dream home when it was designed to meet somebody else’s needs. That’s why an increasing number of homeowners are opting for the new home construction process instead.
Whichever route you choose, however, it’s important to know the benefits and drawbacks of each so you can make the right decision for your family. If you’re in the market for a new property, here are the pros and cons of building a custom home versus buying an existing home.
Buying an Existing Home
Buying an existing home is the most common home-buying method. Compared to new home construction, buying a pre-built house is typically faster, cheaper, and simpler. However, while cheap and quick, buying an existing house almost always requires you to compromise on your needs, desired location, or layout preferences. If you’re on a tight budget or timeline, buying an existing home can be the best option, but for those seeking an uncompromising luxury home experience, custom home design is still the premier choice and better investment.
Pros & Cons of Buying an Existing Home
If you can’t wait more than a couple of months to move into your new home, or if you’re seeking a cheaper option with easier-to-obtain financing, buying an existing home may be the preferred option. However, there are many drawbacks to buying a pre-built home which make it a less ideal choice for those wanting to avoid home renovation later down the line.
Before you even purchase the home, shopping for a pre-built house can be a stressful experience. It’s currently a seller’s market, so those seeking a home to buy will be left with fewer options at a higher price point, and it’s virtually guaranteed that you’ll have to compromise on your wishlist. You may have to compromise on location, opt for a smaller house than you wanted, pay more than you budgeted, or settle for a layout and design that isn’t to your taste. Even once you decide to submit an offer on a home, bidding wars are extremely common and can drive up the price of a house you aren’t 100 percent satisfied with in the first place.
Once you do own the home, there are still numerous problems to consider. Depending on the age of the home, there may be outdated structures or fixtures that will require maintenance or repairs. They could even be potentially hazardous materials such as lead, mold, or asbestos that weren’t found during the inspection. After buying and settling into your new home, the last thing you want to worry about is a home renovation project, so many homeowners prefer to invest in new home construction and move into their custom homes with the peace of mind that they won’t need to renovate or repair their home for years to come.
Building a Custom Home
No matter how many pre-built homes you look at, sometimes they don’t meet all of your family’s needs. After all, your household is one-of-a-kind, so why shouldn’t your house be? Creating your own custom home design is an incredibly exciting and rewarding process that can maximize your investment, build equity, and satisfy your family’s needs for decades to come.
At C&C Partners architectural design firm, we streamline the process with a 15-step custom home-building process that ensures the entire project runs smoothly and your dreams are realized without stress. Our process involves three phases — Preliminary Study, Design Development, and Construction — each broken into five smaller steps that remove the hassle and headaches from custom home design. Instead of stressing about deadlines and communication, you only have to worry about choosing the perfect finishing touches to bring your custom home to life.
Pros & Cons of New Home Construction
The biggest drawbacks of new home construction are the cost and the timeline. Since you’re building your dream home from scratch, it can take much longer for you to move into the finished product than if you were to buy an existing home. It can also potentially cost more to build depending on the location, materials, and features you choose.
However, building your own custom home offers you numerous benefits, including virtually unlimited flexibility. If you aren’t in a rush to move into a new property, custom homes are almost always the superior choice.
By working with a home architect and luxury home builders to design your dream home from the ground up, you can enjoy complete customization that results in a truly one-of-a-kind property. You can inject all of your wants and needs into the layout and design, from the initial floorplan to the final interior design touches. This also allows you to control your budget. Since you decide the size, location, materials, features, and finishes of your new home, you can make choices that fit within your budget, so a custom home doesn’t need to be unreasonably expensive.
This full design control also extends to control and knowledge of the property’s history. Whereas existing homes can have hidden problems, poor energy efficiency, or a questionable home history, opting for a custom home will allow you to have knowledge of all of these details. You will be the first and only owner, and you don’t need to worry about how old and prone to repairs any of the home’s finishes are. Although it’s a significant investment of your time and money, custom homes pay off in spades in peace of mind, long-term return on investment, and personal value to your family.
While home renovation can help an existing property check more boxes on your wishlist, only a custom home design can meet 100 percent of your needs and wants, perfectly suiting the unique desires of your one-of-a-kind family. At C&C Partners, we understand the personal importance of new home construction, which is why we work closely alongside you from concept to completion, guaranteeing a seamless process that results in an unparalleled design/build experience.
Since 1987, we’ve committed to an unwavering standard of excellence and top-tier client satisfaction that has helped us stand above the rest and remain Southern California’s premier luxury architectural design firm. If you want to experience the C&C Partners difference for yourself, contact us online or give us a call at 310-322-0803 today.