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To buy or to build? That is the question that many prospective homeowners grapple with as they search for a new place to live.
Having that custom-built, picture-perfect house feels like a pipe dream for most people because they assume it's just not financially feasible or they don't have time to wait for its construction. These days, many people prefer the charming "fixer-upper" that they can revive with a little elbow grease and a lot of home renovation TV shows.
While there's nothing wrong with fixer-uppers or previously-owned homes, moving into that personalized sanctuary you've been dreaming about might be easier than you think. Don't let these six common myths about building a home hold you back from what you've always wanted.
Myth 1: You have to be extremely wealthy to build a home
It's a common misconception that you have to have deep pockets if you want a custom-built home. But get this: Bankrate states that building can actually be about $70,000 cheaper initially if you take steps to lower the construction costs and don't include any custom finishes.
Business Insider reported that Americans had actually spent more on previously owned units than on brand new homes in March of last year.
The truth is that building a home is only as expensive as you want to make it. Your home builder can steer you toward more budget-friendly decisions if that's your preference.
Myth 2: Building takes too long
Once again, this one varies depending on a few different factors. Sure, if you hire a sub-par builder, it may take a little longer to get the job done. Or if it takes you a long time to make decisions, that can drag out the process as well.
But the U.S. Census Bureau reports that the average time it takes to build a new home is between 7-8 months. Considering you could end up spending a lifetime in the home of your dreams, that may not feel long at all.
Myth 3: You have to buy a lot before you can work with a builder
Yes, if you're going to build a home, you're going to need a lot before the actual building can begin. But you can start drawing up plans with a builder long before then. A builder can even help you determine the best lots based on your needs and preferences.
Myth 4: You need to have an eye for design to build your own home
Some people know exactly what they want out of a home down to the colors of every square inch. And then there are others who like the idea of building a home from the ground up but don't have any particular plans in mind. If you fall into the latter category, don't worry.
A good builder can help you create the perfect home to fit your lifestyle. Plus, they usually have an in-house design team that can provide inspiration when it comes to choosing colors, finishes, cabinetry and other details for your new home.
Myth 5: It costs less to build a smaller home
It's easy to assume that smaller equals cheaper, but when you're talking about cost per square foot, the opposite may be true. Since there's a smaller area to divide the total cost of the house by, that means the price per square foot goes up with smaller homes.
Again, the price also depends on what materials you use and the features you choose. Things like kitchens, bathrooms and windows add up. Certain costs will be the same no matter what size of house you choose, such as permits and site costs.
Myth 6: The building process is too overwhelming
For people who suffer from decision fatigue, the idea of building their own home may sound too overwhelming to take on. But expert home builders know how to streamline the process and make it as pain-free as possible. In fact, it can even be an enjoyable experience! They'll know what questions to ask and can make suggestions that will expedite the decision-making process.
Build a life you love in a home of your own
Now that you know the truth about building a home, it's time to dust off those dream plans and get to work! Choosing the right builder will be the most important step you take.
Your home is the epicenter of your life, so it should be a place where you feel safe, healthy and comfortable. That's why for more than 40 years, Woodside Homes has been committed to going above and beyond simply designing and building beautiful homes. They're focused on making the home buying process as simple as possible and helping you create a living space that reflects your priorities and lifestyle.
Woodside Homes' mission is to help you live your best life in a community where you can flourish. They take pride in providing healthy, cleverly designed homes so that you can love where you live. Start living the life of your dreams in a custom-built home that fits your needs. Contact Woodside Homes today to get started.
