How do you decide whether to buy an existing home or build and why build a custom home in OKC? Read on to find out!
Navigating the housing market can be a challenge! Searching for your home by going through online listings and attending open houses can feel like finding a needle in a haystack. Plus, dealing with bidding wars, failed inspections, and other challenges can add even more stress.
So how can you find your perfect home and avoid the hassle? Build it!
The process of building a custom home is the most misunderstood segment of housing hunting. Below we cover some of the benefits and misconceptions and why it’s a great option for people in Oklahoma City!
Avoid Cookie Cutter Home Designs
The chances of finding the exact house you are looking for – already built and on the market – are very slim. Most often, if people are looking for a new home in Oklahoma City, their first steps are to look at what spec homes are available.
A spec home is one where a builder or developer buys a lot and then designs and builds a new home on “speculation” that they can sell to a consumer. In most cases, there are limited floor plans and finish options – if you even get to customize them! That’s why these homes often look the same.
One thing to keep in mind with spec homes is you are often “settling” or compromising. Maybe the kitchen is smaller than you’d like, but the backyard is bigger than any other available home. Or maybe you don’t like the finishes, but you’d be willing to spend more money later to remodel.
Many potential homebuyers don’t think about the fact that when buying an existing home, they may (and probably will be) stuck with extra space or features that they don’t want or need. But more importantly, they will be paying tax on it year after year. While the thought of building a custom home in OKC scares some people, getting what you really want without compromise can cost less in the long run!
Avoid Costly Home Repairs
When buying an existing house, there is always the uncertainty of the condition of the foundation, structural integrity, quality of materials originally used, etc. These uncertainties and risks can be bypassed by selecting a quality home builder and being involved in the process of selecting materials. Building a custom home in OKC may cost more upfront, but long-term maintenance costs can be cut dramatically by using only high-quality materials.
Remodeling older homes to improve energy efficiency is costly – not to mention updating the home’s structure to compile with current building codes. Building a new custom home allows you to build energy efficiency into the design and have a say over what materials are used for the roof, windows, siding, and more.
Going green can also save you some green! The Federal Residential Energy Efficiency Tax Credit allows up to 30% of certain green building materials to be deducted from your taxes.
In addition to the energy efficiency tax credit, building a custom home in OKC allows you to write off a substantial amount on your taxes. These financial benefits include deducting interest, points, and property taxes paid while the home was being built. People building new homes are eligible for the first-time homeowner tax deduction (with certain stipulations).
Make Your Home Work For You
By working with a custom home builder, you can create a home exactly to your specifications. Plus, you’ll finally have the perfect space for yourself and your family! If you hate doing laundry, you can purchase faster washing and drying machines. If you want to cut down on your garbage, you may want to consider trash compactors and a compost chute. You will be amazed by what you can find to make your home exactly for you.
Key Takeaways On Benefits Of Building A Custom Home In OKC
If you are searching for a custom home in OKC, there are many factors to consider, but don’t rule out the option of building your home from scratch. We offer free consultations and can help you go over all your options to give you the information needed to decide. Call us at 405-930-8351 or send us a message online and get in touch with us today!