If you are thinking of building your forever home from the ground up, we have got good news for you. You are making a wise choice! Building a home from the ground up has several advantages, like the freedom to select every detail in your home to your unique style and taste. But most importantly, you can expect to see a better return compared to if you were to buy a house and renovate it.
In most cases, it’s always better to build than to buy. Here’s why:
More satisfied owners when it comes to needs and wants
Should you ever choose to sell your dream home that you built from the ground up, you can rest assured knowing that you won’t have any problem when it comes to selling it. Not only will it be easier and more attractive to sell, but you will be able to command a higher price.
Most homebuyers don’t want to fuss with older homes because they don’t want to spend the time or money on a renovation. Now don’t get us wrong, there are some people out there that enjoy the renovation process and the accompanying transformation. For the majority, home buyers are looking for a newer home that can be a quick and easy move!
With newer homes, you are more likely to satisfy buyers. Most people today are looking for homes with high ceilings and large rooms. The problem with renovations is that you are limited to reconstructing to the actual size and floorplan of the home. It is possible to remodel beyond the original dimensions. With as much as it will cost you and the time it will take to make such drastic changes, you may as well build the home from the ground up.
Homeowners today also have different needs and expectations than people did two decades ago. Floorplans today are entirely different than they were years ago. For example, the dining room is a thing of the past. If you walk through new homes today, you might find that most homes do not have a dining room.
You will also find that the master bedroom is on the first floor in today’s home designs. If not, you can expect to find at least one room that is on the first floor that can serve as a bedroom (den, office, etc.). That one room is easily accessible for those who may not be able to make it up the stairs.
Newer homes come with the latest trends and design innovations. A home buyer will be more attracted to a house that has the latest trends compared to an outdated home. For instance, a white kitchen with quartz countertops and a modern farmhouse feel is more likely to attract a home buyer than a home with a cherry wood kitchen with older appliances.
Newer homes are up to date – Specifically to building codes
A big reason why homebuyers are interested in a more modern home in comparison to an older home is that they avoid falling into a money pit. You might find a home for $100,000 but it might cost you a ton of money to bring the house up to code because of how old the structure is. Keep these details in mind as you start looking into fixer-upper options.
Additionally, new homes built today are equipped much differently than older homes. Almost every new home comes with energy-efficient products. These products will last longer and have fewer repairs as a result.
Warranties Are Available
You never know just how valuable warranties are until you need them. Another advantage of building a home from the ground up is if anything were to break or become damaged, it’s the builder’s responsibility to fix - not yours. When renovating an older home, it might be challenging to have warranties on everything. Can you imagine spending all that money on a renovation and not even a year later having to pay more to fix something?
Newer Homes are Safer
As technology continues to advance, that latest technology comes with new homes. Newer homes are safer for several reasons. They might have built-in security systems, better windows, and doors that have more security. New homes also contain storm shelters or safe rooms for homeowners to go in the event of an emergency.
Less Health Concerns
A newly renovated home might look clean, but is it really? Some home buyers are not interested in older homes because of the things they cannot see with the human eye that might be a concern to their health. For example, the walls have fresh paint, but what is behind that 20-year-old wall that might be a health concern? Air ducts may also be a concern that renovators often look past. Often there is mold and other allergens that a renovation can’t fix.
Contractors Helping with Your Return on Investment
If you are planning to build your dream home, it’s essential to find the right contractor. There are several contractors out there, but you will want to work with the right one to ensure that you are getting the best end-result. Whether you are interested in building a home or renovating a home, one thing stands true and it is the outcome of your project all depends on the contractor that you hire.
When you work with the right contractor, you can count on them doing the best work to provide you with a higher return on investment. That contractor will understand your budget, your goals and will do their best to ensure your home is built up to standards to last you, or the next homeowner’s years to come.
Legacy Renovations: Building a home that lasts
At Legacy Renovations, we don’t want to build a home that only satisfies you for a few years; we want to help you build a home that keeps you happy for a lifetime. If you are interested in building your dream home from the ground up, reach out to our team!
