Building A New Custom Home Can Save You Time and Money

Did you know one of the big advantages to building a new custom home, on top of getting the perfect home to suit your family's lifestyle needs, is the potential cost savings?

It's true, building a new custom home can actually save you time and money.  The savings can come on a multitude of ways.  Let's examine the true cost savings of building a new custom home.

The first way is of course the easiest, the time savings.  The time required searching around for the perfect home to meet your family's lifestyle needs can get exhausting.  Today, most families rely on two incomes to support the average household. Your daily route consists of getting up early enough to not only get get ready for work, but getting your kids ready for school, making sure the kids have had breakfast and out the door to meet the school bus on time or possibly even driving them and their friends to school via your daily carpooling responsibilities.

Great Craftsman Style House by RHK Builders

Then we go to work and try to get everything done in order to leave on time to get home, grab the kids and rush back out to those after school activities, baseball, football, soccer, lacrosse or cheerleading. Afterwards, it's back home, one spouse making dinner while the other one is getting the kids cleaned up, followed by the after dinner desert of completing homework in preparation for the next day.  Finding time to look at all the older homes listed for sale and then factoring in what most of them need in the form of updating and renovations can a major ordeal.

Building a new custom home can be so much easier, especially when meeting with a Good Local Builder who can sit down and discuss your needs and have a house designed specifically around your lifestyle.  The process can be very easy, see our Pathway to Your New Custom Home for more detail.  You can get exactly what you are looking for with all the bells and whistles, without spending all the time searching for something that just doesn't quite fit the mold.

There can be tremendous cost savings as well.  When you build a new custom home, you can save a lot of money in closing costs.  For instance, in the State of Maryland, when you finance your new home with a Construction Permanent Loan, you only pay the transfer taxes on the lot price, not the entire cost of your new home.  Additionally, you only pay the recordation taxes on the loan amount, not the entire cost.  This can save you thousands of dollars, sometimes over ten thousand dollars. It is important however, to get a one time close Construction Permanent Loan, to avoid the potential of a costly second settlement.  Having the right team of professionals can help you maximize your overall savings and get exactly what you want, please see my article of Building The Right Team To Build Your New Custom Home for more information.

The cost savings definitely don't stop there, building codes today require additional cost saving features like the new energy codes which mandate extra insulation and that houses are better sealed against external wind infiltration, this is very important in the winter time.  They also require ultra high efficiency heating and air conditioning equipment which simply wasn't available years ago.  Additionally, newer windows are better sealed and have much higher insulative values vs. their predecessors from years past.

These new features will not only provide energy cost savings and years of comfort for your family, but they also may come with special State and Federal Income Tax incentives that you can take advantage of after you have moved in to enjoy all the wonderful features of your new home.

Just think, saving all of this time and money by building a new custom home which meets your specific lifestyle needs, you maybe be able to add the additional benefit of taking your family on that wonderful vacation, literally on the house!