When you start shopping for houses, there may be moments where you wish you could change a layout. “The kitchen in this one is too small,” “It’s great, but the bathroom needs to be remodeled” It may not be long until you start thinking about building your own home; that’s exactly what you’ve always wanted.
Building your own home can be an exciting process. But there are a lot of myths floating around about the cost of building a house.
Building is More Expensive than Buying
One of the first big myths you’ll hear about building a house is that it’s more expensive than buying. And you’ll indeed have to make a more considerable up-front investment in your home. But over the years, you could save money by building your own home vs. buying a used one.
When you buy a used home, you’ll wind up sinking a lot of money into repairs over the years. New homes have all-new appliances and systems that will last for years without needing work. And your new home will be more energy-efficient than an older home, saving you money on your power bills and reducing your home costs.
Building a Smaller House Is Cheaper
If you’re looking at building your own home, you may feel like building a small house is your only option financially. But it’s a myth that building a smaller home is cheaper than building a larger home. In truth, it all depends on your design and the materials you want to use in your new home.
If you build a 1,300 square-foot house with high-end flooring, upgraded cabinetry, and top-of-the-line appliances, you could be looking at a pretty hefty construction price. But if you choose more affordable flooring and appliances, you could get a 2,800-square-foot house for roughly the same cost. It all depends on your priorities and your stylistic preferences.
You Have to Make Decisions About Everything
On the flip side, many people worry about making too many decisions when designing their own homes. How do you know which sort of faucet will perform better or what sort of outlets you need in the garage? Making all those nitpicky details can seem overwhelming.
At Mountain High Builders, we have a dedicated team member that will walk with you through the design process, ensuring that your custom home will be exactly what you want without the process being too overwhelming.
Building a Home Takes Too Long
One big downside of building your own home is that you’re looking at long construction times. After all, it takes time to build a house from the ground up. You can’t get into your new home as quickly as you could move into a pre-existing home, right?
Actually, building a house can be a quick and easy process if you’re working with a good builder. Their team has a lot of experience building houses like yours, so the process can move along at a great time with proper management. Considering it usually takes at least three months to get a mortgage, not to mention house hunting, inspections, and other long delays in the buying process, you could wind up moving into your new home around the same time as you would in a used home. And when building a home, there is no opportunity for another buyer to swoop in at the last minute and steal your dream home.
Discover the True Cost to Build a House
There are a lot of myths floating around about the cost of building a house. People will say building is more expensive than buying, that you won’t be able to get a big house, and that you’re stuck with whatever price your builder tells you. But in truth, building can save you money, and a good builder will be able to get you a design and price that works well for you.
If you would like to start building your dream home, give us a call today, and we can discuss if you are a good candidate for a Mountain High Home.