Will we go over budget? Will my marriage last? How long will this process take? All of these questions are ones you may have when deciding whether or not to build your own home. There are so many articles that could give much information and go into detail on the building process, but today I’m going to focus on just a few reasons why it can be such a great thing! Some may disagree with is and thats ok! I’m writing this from our own knowledge and experience. Having built three homes and remodeled a few, we feel that building is a much better process and these are a few reasons why.
1. You Get to Do it Your Way
The number one pro that most would agree on, is that you get what you want. Well, for people like us, what you want that is within budget. You have the luxury of choosing the look for both the exterior and interior. Everything from choosing a plan to picking out the interior finishes. To be honest, there are so many decisions this could be a con without proper planning. Planning is always the key! But, again, that is for another article…I’m trying to convince you to build over buying in this article…lol. Truly though, within budget, you have the freedom to pick out exactly the look and feel you want that fits the needs of you and your family. When buying a home, you do not have this freedom. You will be moving into a home that is someone’s else look and feel, that you hopefully can make your own. This is very doable, but is much easier achieved during the building process.
2. Instant Equity
If done properly, you will have instant equity in your home. This is a great financial benefit. This pro was true for us in every single home we built. Each home appraised and sold for at least $50,000 over the total building cost. And yes, that is including land! Now, you have to realize we did not pay a contractor to build our home. We served as our own contractor. This cut down on the overall building cost. But, even with most contractor’s fees, you can still end up with some equity in your home. It is all about budgeting and planning ahead!
Some key factors in having instant equity would be the location of the home. Paying a little more upfront for prime land can be very beneficial in making a profit later. Keep in mind when building this will be a total value at the end when time to sale. Another key factor is the type of house you build. In other words, don’t build an ugly home. Build a home that not only suites you, but will be something others will see as beautiful! This doesn’t always mean hopping on the latest trends. Using a timeless design and style will help the resale of your house down the road. Things such as neutral color pallets and simplistic design will help cut down on cost and also make it very appealing to others. You can add more of your own colors or style in your decorating.
3. Very low maintenance for the first several years
Another great thing about building your own home is that everything is brand new! New things, normally mean low maintenance. Unlike when you buy, all the appliances, heat pumps, windows, roof, along with many more new things are mostly under warranty. So, even if one was to tear up, it would be fixed with super low cost. These new items will all be rolled into the final building cost so the money will already be budgeted for these items. This will be less stress and less money for several years. Being both owner of a new build and buying an older home, we have found this to be very true. Your mind is much more at ease when moving into a brand new home versus one that may be several years old. An older home normally would mean significant updates and renovations to get it looking how you would want it to. This would be above the purchases amount and we all know its hard to find the extra funds for customizations and add-ons.
4. Latest Technology
Building a new home will allow you to include the latest technology in your home. Everything from controlling your heat pump from your phone, to being able to see who is at your door when you aren’t home. There are so many cool technology features, this is one area you can go overboard on if you aren’t carful with your budget. With our build a couple years ago, we actually didn’t choose many of these features, but now are wishing we had! Installing all this technology upfront will save you lots of time, money, and holes in the walls.
I’ve shared four points, but there are so many pros to building your own home. Yes, there may also be several cons. We didn’t say there wasn’t, but we do feel the positive out weighs the negative. It is a process that is rewarding in several ways. Seeing the finished product and knowing you were a big part of the process is very satisfying. Knowing you have a well built home that you have customized to fit the needs of your family is refreshing. Yes, it is a long road and sometimes gets crazy, but if everything in life were easy, life would be pretty boring. Henry and I have managed to still be married 17 years after three of our own builds. I would say either we have a pretty strong marriage or building a house really isn’t that bad. The crazy thing is, we are already thinking another build would be fun…oh no!
Thanks for sharing! It seems everyone I talk to and tell them we are planning to build a house tells me we are crazy… guess we will find out lol we own the land and are looking at small farmhouse plans 🙂October 3, 2018 at 3:02 pm
Hello Misty! So glad you came by to read the article. We have built and remodeled several, so we feel like we have experience on both ends. It isn’t an easy process at all, but if done correctly, it can be a great process! I do know of several people who have hated it, but in the end you can gain so much more from it. I know you all can do this! A small plan will be much easier and hopefully allow it be some cheaper. Please feel free to hit us with questions along or before your process. I will also try and get some articles out about the process. Is there anything in particular you would like to read an article about?October 6, 2018 at 2:33 pm
Hi Brooke! I stumbled across your website via Instagram. You have a beautiful home! Like Misty, everyone tells us we are crazy to build, but we’re so excited to design exactly what we want and need. We recently moved to a short-term home so we can save up to build. We renovated the kitchen and did paint and new floors throughout the house. While it was an upgrade, we were still bound to the existing floor plan. I cannot wait until we can get our foundation poured on our new build and really start the process! Can’t wait to read more about your experience.October 10, 2018 at 8:10 pm
Hello Shannon! We are so excited you found us! You will for sure here some negative comments about building, but that is with anything. That’s why in this article, I wanted people to see that there are so many positives also! Some people may end up hating it, but for us, we love it! Im not going to lie, there were some very rough times during the few months, but kind of like child labor, the end results makes you forget all of that…lol. Hang in there and I know you all can do it! Don’t forget to hit us up along the way if you need any advice. We are so excited for you all and keep us updated!October 11, 2018 at 1:01 pm
I agree 100% with this post!!! Around here old house is almost or more the price of a new one,on top of that all the renovation. Gladly we were able to find a location that we love and build one that suits our need and budget and don’t have to worry about it for a good years ahead. Thanks for always sharing great topic.October 19, 2018 at 4:30 am
This is so true Tatiane! It just seems like you can much more for your money when you build.February 20, 2019 at 7:27 pm
Hi Brooke! First of all, I gotta say, I LOVE your Instagram feed, and your blog too! I just came across your feed recently! Being an interior designer and realtor, I too have the itch to build so badly, just gotta get hubs on board!February 18, 2019 at 10:43 pm
And your blog is so inspiring to read! I love it! Keep it up! I hope to grow my blog and instagram like you did organically as well! It seems so hard lately on Instagram
Hello Amber! Thank you so much for the kind words. That is so neat that your an interior designer and realtor and hope you can find our blog helpful. Hopefully you can talk him into it. Maybe you can get him to following our new build and see just how fun it can be…lol!February 20, 2019 at 7:29 pm
Hi Brooke!! We are currently relocating so that my mom can have a place with us together. I have a favorite floorplan picked out. When you see newly built homes by a builder a lot of time it’s cost is around 100$ or more a sq ft. That again being a builder. However for this process I will be the general contractor and oversee everything. We can do all the 4 things you suggest in another post. So how can you determine say in 2000 sq ft how much it will cost to be able to budget where needed??? Any advice on this I would be so grateful!!! Thanks so much for all your post they help a lot!!April 21, 2019 at 11:37 pm
Hello! This is really exciting about your upcoming build! The process of planning and budgeting for a build can be quite tricky when being your own contractor. Not sure of your location, but here where we live $100 a square foot is extremely low. We try and have everything quoted before we start in each area combined with a materials list cost from our local Builder’s First Source, this will help you get pretty close. I hope this helps.April 23, 2019 at 12:46 am
Your house is gorgeous and very similar to what we are considering for our new house. Would you mind sharing the floor plan?May 16, 2019 at 11:35 am
Thanks! Our plan is a Southern Living plan called Mama Crovatt’s House.May 16, 2019 at 7:56 pm
Enjoyed your article on the garage and the pros of a new build. I’m wondering about how you and your husband had time to do all the diy and be your own general contractor. It all sounds great but with full time jobs how do you find all that extra time?June 20, 2019 at 3:53 am
Hi Julie. Glad you enjoyed the article! I’ve been a stay at home mom for the majority of the past 13 years, and Henry runs his own business. Even though he works very hard at his job, he does have a lot of flexibility with his time. This has made it easier, but it has still required a lot of work and long hours to do what we’ve done.June 20, 2019 at 9:37 pm
I am curious to find out what material you used for the exterior board and batten? As well the seal above the windows in an alternate color I love, is that wood?April 19, 2020 at 4:34 am
We are just now starting to look for a home. When we consider building our own, it is inviting because so many things change in just a few years with technological advances. We have watched our parents replace just about every element of their home with newer, more energy-efficient choices. I like how you said that building a new home gives you this advantage in every way from seeing who is coming to visit to having control over your heat pump. We are planning on calling a custom home builder within the week.April 13, 2022 at 1:26 pm