The Pros and Cons of Custom-Built Homes
Building a custom home is a once-in-a-lifetime experience and something many people dream of. However, it’s also a major life decision.
While the advantages of building a home far outweigh the negatives, it's important to look at the pros and cons before making a decision. In this article, we provide a brief overview of the home-building process along with the pros and cons.
What Does Building a Custom Home Entail?
Building a custom home with an experienced luxury builder is a long process that can take more than a year to complete. When building a custom home, you will be heavily involved in the process and, among other things, be responsible for the following:
- Buying the land
- Obtaining the proper financing
- Working with contractors and designers
- Approving the floorplan
- Choosing finishes
- Designing the exterior of the home
- Choosing interior design elements
The Advantages of Building a Custom Home
There are so many advantages of building a custom home compared to purchasing an existing house. Below are a few of the main benefits.
Complete Control Over Every Detail
When building a custom home, you get to design every aspect of the house and select every finish with help from a designer.
Everything is built to your exact specifications, so you will be sure to love your new home.
You're Not Tied to a Specific Location
When buying an existing home, you must find the perfect house in the perfect location. It can be difficult finding a property that checks both boxes. But when building a custom home, you can purchase a plot of land in your dream neighbourhood and then build the perfect home on that land, giving you the best of both worlds.
Everything Is Brand New
When you build a home from the ground up, everything is brand new and built with high-quality craftsmanship. Because you get to oversee the entire process, you can see first-hand the quality of your contractor’s work and have peace of mind knowing that everything was completed up to code and will not cause problems down the line.
No Competition
In a hot housing market, trying to buy a home can be difficult when you are competing against other prospective buyers. By building a custom home, you don’t have to worry about losing out on your dream home.
Cons of Building a Custom Home
There are two main drawbacks to building a custom home.
It’s a Long Process
As previously mentioned, building a custom home is a long, drawn-out process. Every required permit can take months to obtain, plus the design and construction process also takes time. From start to finish, it can take anywhere from seven months to two years to build a home, so this is something you must be prepared for.
It’s Expensive
Building a custom home with a team of experienced luxury home contractors can be incredibly expensive, depending on your design and finishes. However, a custom home is an investment that will likely be your forever home, making it worth the money.
Building a Custom Home? Work With West Vancouver's Premier Custom Home Builders
If you are looking to build your dream custom home in the Greater Vancouver area and are searching for the right builder to partner with, look no further.
Hillside Developments is a family-owned and operated custom luxury home builder based in West Vancouver.
With over 15 years in business, our goal is to complete your project efficiently and cost-effectively, with honesty and integrity.
Contact us today to schedule a consultation with our team.
