First time home buyers in Red Deer who are considering their options must often choose between buying an existing home and building a custom home. While first impressions for most people are that buying existing is less expensive, this might not always be the case, and there are other factors that come into play along with price.
The Perfect Location
Most home buyers are aware of the importance of location. Being close to work, school, favorite restaurants and recreational spots makes living more convenient and enjoyable. While some home buyers are able to find the home that they love in the location they most desire, they do not always get the lot size that they want or all of the features they are looking for in a home. With a custom home, all of this is guaranteed. You get the size home you want on the lot you want in the location of your choosing. For many, this reduces the need and desire to relocate down the road, and it is often viewed as one of the biggest advantages of building custom.
Custom Home Upgrades
In addition to choosing the lot that you want, custom home building in Red Deer offers first time home buyers the opportunity to add the upgrades they want right away. This eliminates or significantly reduces the need to renovate down the road. While this is certainly an advantage for some, it can also be a disadvantage for first time home buyers. The reason for this is that many first time buyers may not be married and have not yet established a family, and the options they consider to be important today may change as important life events come their way. When it comes to building a first home, sometimes the smart choice is to choose the most popular options so you can enjoy the house now and protect the resale value of it if your housing needs change down the road.
The Long Term Savings
It might not always be possible to know exactly what upgrades you will need down the road, but there is no doubting the substantial cost savings associated with owning something that is brand new. A brand new roof, HVAC system, household appliances, plumbing and electrical work are unlikely to require expensive repairs in the near future, and if they do, they are almost always under warranty. In addition, energy efficient options that are available in Red Deer custom homes today can save homeowners money when it comes to water consumption and heating and cooling their homes.
Time
While first time home buyers often appreciate the savings and flexibility that building a custom home offers, one of the disadvantages they face is time. Building a home typically takes anywhere from four to six months, and this time can be extended in the harshest winters or during other periods of adverse weather. If waiting is difficult or impossible due to current living situations or other obligations, sometimes buying an existing Red Deer home to renovate is the better option.
Whether you choose to build a custom home in Red Deer or renovate an existing home, Alair Homes is here to help. Our expert contracting teams can help you to understand all of your options and deliver a product that stays on budget and improves your family’s lifestyle. With our transparent way of doing business and our industry leading warranties, you can rest assured that we will watch your bottom line and protect your investment. To learn more, contact us for a free, no obligation consultation.