Buying a home that has already been built and is on the market is the quickest and most straightforward way to go. On the positive side we have a home that is somewhat cheaper because it is used. It has records of the costs to heat and cool it, as well as, the ability to see exactly how the finish home will look because your standing in it. On the flip side a used home can have a host of hidden damages that even an average inspection cannot find. This could include structural problems, termite damage, water damage, and energy inefficiencies. The first time home buyer with no plan on staying for longer than 10 years would be safe going this route.
Buying a Built to Order Home
This route is immediately more costly than a 5-10 year old home of the same size as there is labor and materials to buy. The positive side to a built to order home is it is brand new. It usually doesn't come with the myriad of quirks that you get from a pre-owned home. You can also usually make changes to the floor plan to suit your needs. Maybe you want a full basement over a partial or you want the front window to face the sunrise. There is more freedom than with a pre-existing home where you are buying a home that was built for someone else. The negative side is that it costs more and the builders usually have a limit to the types and amount of changes you can make and they are usually very costly.
Buying a Home from a Custom Home Builder
Another option is to get a complete custom design and built home. The positives to this is a complete customization of the homes floor plan and design to your needs. Finding a custom homes builder usually means costs a little less than the built to orders as they don't charge the hefty fees for minor changes since the whole design is your very own. This type of building means you will be happier with your home longer because it isn't just a house you bought its the house that was in your mind. This type of home is still more expensive than buying a used home and is more suited for home buyers that are planning on sticking to this home for over 10 years. This type of home is as energy efficient as you want and every room is tailor to your needs. Be prepared to spend a lot of time with the designer if you go this route as they will need you to tell them every detail about what you want.
In conclusion, there are many factors that come into play when buying a home but we settle all to often because of money and time constraints. I urge you to take your time and really think about the purchase. If you aren't going to stay in one spot for more than 5 - 10 years go ahead a find a used home that you can deal with. However, if you want to enjoy your living space for many many years to come, call a local custom builder in your area and see what they can do for you.
