Research shows that in the wake of the housing crisis, people looking for new homes are turning to custom home builders instead of renting or buying an existing home. For example, in the city of Edmond, Oklahoma, an estimated 64.66% of the homes are owned. Interestingly, even as Edmond has begun experiencing a job growth rate of 1.36%, people have consistently chosen building a new home over buying one. And with a projected job growth rate of 39.7% over the next 10 years, it can be expected that this trend will continue.
However, whether you’re planning to live in Edmond, OK or elsewhere, building a new home offers a number of advantages over buying an existing home. While purchasing an existing home means you may obtain low quality features and appliances that will likely need to be replaced in the future, custom new home construction companies allow you to create a unique home designed for your specific needs. Typically, these brand new homes will use house floor plans created by an architect or a professional home designer to the specifications stated by the future owner.
Building a new home allows the owner to choose everything from a particular location to pleasing features and a specific style. Increasingly, custom homes are being built in luxury areas, giving homeowners access to a number of local amenities. Newly built custom homes have also been shown to be 17% more energy efficient due to recent building codes instated and utilized by building companies.
A new home, whether bought or built, is always an investment. But with such clear advantages to building a home, why would you settle for a poor investment? Don’t waste your time and money repairing, remodeling and maintaining a home that wasn’t built for your life. Instead, create your dream home from the ground up. Contact custom new home builders in your area today to discuss how they can bring your ideas to life.
