For those of us who are looking to move into a home this spring, you have plenty of important decisions to make…and many options to explore! One of those decisions is whether to build a custom home or to buy a pre-existing home.
The current housing market has proven difficult for many families to find their perfect, dream home. In fact, recent studies show that more homeowners are deciding to build custom homes, giving them the opportunity to customize it to their exact taste, style, and specifications. Life is too short to not really love where you live. If hidden storage space or having a lot of natural light is important to you, let’s make it happen!
Buying a home is a major investment. Before settling for less than what you envisioned, consider all of the possibilities at your fingertips when you choose to build a custom home! Tom Len Custom Homes is here to discuss why building a custom home is better than buying a pre-existing house and how you can make the most of this moving season…
The Rising Popularity of Luxury Custom Homes
Spring has arrived and along with it, moving season of 2023 begins. Now is a great time for today’s homeowners to start thinking about their real estate plans. With custom homes becoming an increasingly popular choice in today’s market, this is the season to get started on purchasing your plot of land, obtaining permits, and connecting with an experienced home builder!
Low housing inventory has resulted in slim pickings for families across the U.S. If you’ve already searched through your local selection and nothing catches your eye, that’s usually a sign pointing buyers in the direction of designing their very own luxury home. Today’s homeowners’ desires are quickly changing, and these can’t be met by the existing stock.
Those who choose to build a custom home can benefit from the latest trends and technology, creating a stunning living space that is not only tailored to their individual needs and wants, but also energy-efficient, aesthetically beautiful, and sustainable. What’s not to love?
From unique interior design accents to built-in luxury home amenities or even energy-efficient features, custom homes are individually made to suit your lifestyle and preferences. There aren’t any cookie cutter designs when you work with the TLCH team! Whether you are looking for a modern, contemporary design or a cozy traditional style, there is something for everyone when it comes to custom-built homes…and nothing is out of reach.
By choosing to build a custom home, you are making an investment in a special space for yourself and your family that will last for many years to come. Let’s not forget that when it comes time to sell later on, you’ll be glad to see an excellent ROI due to your home’s unique design, luxury aspects, and high quality materials.
With the right interior design and residential construction team, you can create the forever home you’ve always dreamed of!
Disadvantages of Buying an Existing Home
In addition to lacking important features you’re searching for, existing homes can also have structural issues, poor quality materials, or be located outside of your preferred area. Let’s dive in…
Market Dependency
Buying an existing home can be a difficult process in a seller’s market, as there is often a limited selection of homes available and competition for the best homes can be fierce. This lessens your chances of finding the perfect home in the perfect location with all the amenities you’re looking for. In a seller’s market, you’ll find yourself compromising more than you would like.
Maintenance Issues
Existing homes often come with a variety of maintenance issues that can be costly and time consuming to address. The older the home, the more likely it is to have nagging issues and things that need to be repaired or replaced. Leaky faucets, missing tiles, etc.
Less Energy Efficient
Many existing, older homes are not nearly as energy efficient as newer homes. This means that you may end up paying more in energy costs over time. Traditional homes are actually known as “energy vampires”. Save yourself in the long-run by building a home with sustainability in mind!
Environmental Concerns
Environmental concerns can also be an issue with existing homes, as older homes may contain materials that are now known to be hazardous, such as lead paint or asbestos. And don’t forget to check for mold!
Hidden Problems
Existing homes may have hidden problems that are not immediately apparent, such as structural issues or plumbing problems, which can be expensive to repair. Building a new home can help you avoid these issues and give you the opportunity to customize your home to your exact specifications.
Benefits of Building a Custom Home
Between designing a floor plan that suits you to choosing custom lighting fixtures or adding special touches like an accent wall, there are countless benefits to building and designing your own home…
Unique Design
All homeowners have unique choices and preferences and those can be explicitly reflected if you choose to build your own home. The design, floor plans, and decor will be uniquely you – a reflection of your taste, style, and preferences.
While you can find homes that are uniquely constructed, chances are these homes will not be entirely suited to your needs and preferences. A custom-built luxury home allows for everything on your wish list and more!
Quality Constructions
When you set out to get a home constructed, you control how the work proceeds. Construction will be of top-notch quality as you can personally choose your vendors, building partners, and subcontractors, and guide them to choose the best and most sustainable materials. Builders will get your approval on all materials used in your home.
The Right Investment
The buy vs build debate often comes down to a single point – the cost. The cost of a custom-built home is generally more than when you buy a constructed house. But we believe that a custom home is a wise long-term investment that will pay off for years to come. You’re investing quality, expertise, lifestyle, and special access to resources.
Time Savings
If you decide to buy a constructed home, you might get ownership quicker but converting it into the house you want may take a long time. If the house layout is not to your liking, changing the layout and revamping the space can be very tedious. In case the house needs hefty repairs before the transaction is made, it can be quite a while before you can move into the space and call it home.
Personalization
Undoubtedly one of the biggest advantages of a custom home is the level of personalization it offers. From the building materials to the paint colors and the appliances you get, each aspect of the home can be customized per your desires. Would you like custom closets, his & hers vanities, or a built-in wet bar?
Healthier Homes
When building a home, it’s important to focus on your wellbeing. Homeowners value wellness now more than ever before, and it’s important to have a space that reflects that. You can choose non-toxic construction materials, resulting in healthier and happier homes.
Efficient and Sustainable
When looking to buy a house, you are less likely to find houses with the latest appliances. Custom-built homes are more likely to be energy efficient. Additionally, when constructing your home, you can make mindful choices about installing environment-friendly and energy-efficient technology. You can also make smarter choices when it comes to choosing materials for the construction and the interiors.
Location
Another great benefit of building a custom home is that you’re able to ensure that it’s built in the location of your choice. Whether you want a home with a view of the mountains, be close to your family, stay in the school district, or live near a beach, you can make sure that your custom home is built in the perfect spot.
Higher Value
Custom homes are unique and constructed using high-quality, sustainable materials and superior craftsmanship. These reasons alone make their resale value higher. So even if you plan to shift homes later and move again, you will make a sizable gain on your current investment.
Top Must-Have Custom Home Features in 2023
- Flex spaces
- Outdoor rooms
- Finished basements
- Home offices
- Extra storage space
- Accessibility features
Inspired to Build Your Own Custom Home? Choose Tom Len!
Building a luxury custom home is a great choice for those looking for the unique, breathtaking residence of their dreams. Think of this project as a long-term investment in your quality of life, comfort, and safety. Having a trustworthy, experienced partner by your side (like Tom Len) can help you curate the best home building team, design resources, and quality materials you need to bring your vision from concept to reality.
Tom Len Custom Homes has over two decades of custom home building expertise to guide you every step of the way. Our team has helped countless families in Chicago’s North Shore suburbs achieve their picture-perfect forever home – and we can help you too! Are you picturing a spa-like bathroom, movie theater, personal gym, or outdoor kitchen? Maybe even include a spiral staircase and basketball court? We’ve got you covered.
When you work with TLCH, nothing is out of reach! Enjoy excellent communication, an exquisite eye for architecture, our unparalleled craftsmanship and attention to detail. Do you need help financing or finding a property? We are extremely capable and ready to help you. We’ll source the optimal land and location for your needs and handle everything from permits to zoning and more.
Our services go beyond a typical home build firm as Tom Len also offers a full service real estate company! When buying a vacant property for your new home build, discussion of budget and financing are the next important steps. Connect with our team to get started on the blueprints for your brand new home.
