Reasons Why Building a Custom Home Can Save You Money
After watching a little too much HGTV home renovation shows you might start romanticizing about a large Do-It-Yourself home renovation on some fixer-upper house. With enough time, money, and expertise you could turn an aging home into the contemporary house of your dreams. But in this arduous process, you may end up spending more money then you were planning, and possibly more money than you would have spent if you had opted to build a custom home from the beginning.
Let’s examine the reasons why building a custom home can save you money:
Once a custom home has been completed, all you must do is move in your furniture a get settled. But if you opt to purchase an older home and renovate it, your life will be disrupted for weeks or months with construction dust and noise, and you may even have periods without running water or electricity. If the construction process starts to make your home unlivable, you could be forced to temporarily move into a hotel, adding more cost and inconvenience.
Unexpected Renovation Costs
A custom-built home can be enjoyed the moment you receive the keys. There is no worry of unexpected future costs, everything in the home is up to code, new, and under warranty for many years. You’re protected financially from unexpected future home expenses.
A renovation situation is much different. During your demolition and renovation, you may uncover mold, asbestos, faulty wiring, or rusted pipes. Fixing these problems could destroy your renovation budget. An older home that you could renovate may appear to have charm but making it livable could require more money than you planned.
Newly built homes are considerably more efficient than an older home, even after it has been renovated. Your custom-built home will have the most efficient kitchen appliances, water heaters, and HVAC system. The materials that your custom home is built with are more efficient as well. Efficient windows, insulation, and expertly selected building materials will help keep your custom home cooler in the summer and warmer in the winter. This efficiency won’t just make your more comfortable, they will provide you with significant cost-savings over the years.
An older home will have low-efficiency appliances which will create higher monthly energy costs for the home owners. If you upgrade these low-efficiency appliances, you’ll have to invest hundreds of dollars and wait several months before breaking even.
It’s Already What You Want
Probably the best thing about building a fully custom home is it perfectly matches your style and needs without any required renovation. With Ilcor Builders you can select a customizable floor plan or create a new floorplan—one that seamlessly fits your lifestyle. Your home will include the exact size and type of kitchen you want, the number of bedrooms and bathrooms you’ll need, and all the upgrades and features you desire. Throughout our design process you’ll get to choose the finishes, countertops, cabinets, faucets, light switches, paint colors, and more to make your home the home of your dreams. When you receive your keys, your home will feel like it is yours.
If you decide to renovate an older home to meet your needs and lifestyle, you’ll need to commit a significant amount of time and money. Probably the worst part of a DIY home renovation is you’ll have to pay retail prices for all your cabinets, appliances, flooring, faucets and finishes—something you could avoid by working with Ilcor Builders.
At first glance it may seem that it’s more cost effective to purchase and then renovate an older home yourself. However, your HGTV-inspired project can easily spiral out of control, costing you and your family money and significant inconvenience. In the long run, buying a custom home can cost less and is more likely to fit your family’s lifestyle and needs. By working with Ilcor Builders, you can guarantee that you’ll get the home you truly want—while staying on budget.
Ilcor Builders has been building custom homes on your lot in Austin, Texas and the surrounding areas since 1963. We are a family owned business with over 50 years’ experience building custom homes. We would love the opportunity to discuss your custom home in our design studio in North Austin or in the comfort of your home. Please contact us at 512-476-7568 or request a free consultation.