Building a custom home can be a dream come true for many. Sadly, most people don't pursue this option due to various myths circulating. In this blog post, Orange Mortgage debunks various myths and helps you learn the facts about building a custom home.
Myth #1 - Building a custom home is always more expensive than buying an existing home
One of the most prevalent misconceptions about custom homes is that they are always more expensive than buying an existing home. This is not true. While it is true that the initial investment for a custom home may be higher than the purchase price of an existing home, when you factor in the long-term costs associated with owning an existing home, the total cost of ownership for a custom home is often much lower.
Myth #2 - You have to be an architect to design your own home
Another common myth about custom homes is that you have to be an architect to design your own home. This is also not true. While it is helpful to have a basic understanding of architectural principles, there are a variety of resources available to help you design your dream home. Many construction companies provide custom build services.
Myth #3 - It takes forever to build a custom home
The third myth about custom homes is that it takes forever to build them. While it's true that building a custom home takes a little longer than buying an existing home, the average time to build a custom home is six to nine months. So, another myth debunked.
Myth #4 - Custom homes are only for the wealthy
The fourth myth is that custom homes are only for the wealthy. This may have been true in the past, but it is no longer the case. Thanks to the advances in technology and building methods, custom homes are now more affordable than ever. The entire point of having a custom home is the liberty of choosing the materials, layout, and amenities that you want. You are not restricted to the choices of a builder or developer. You can certainly afford a custom home if you can afford an existing home.
Myth #5 - You can't make changes once construction has started
Another common myth is that you can't change your plans once construction starts, which is not valid. While it's certainly more difficult (and more expensive) to make changes after construction has begun, it is still possible. If you have a change of heart about something, all you need to do is talk to your builder. They will be more than happy to accommodate any changes you want to make.
So, there you have it - 5 myths about custom homes debunked! If you're thinking about building a custom home, don't let these myths stop you. Orange Mortgage, serving Phoenix, AZ, understands that building a home is not just about four walls and a roof. We bring you our custom home builds to ensure that you get the maximum value for your money.
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