Building a Custom Home vs. Buying a Resale Home

In Custom Homes, Residential by Steven Gage

Deciding between constructing a custom home and purchasing a resale property is one of the most significant decisions potential homeowners face. NorthStar Custom Homes, with over two decades of experience in the vibrant Colorado real estate market, offers insights into this critical choice. This detailed guide explores the essential aspects to consider, enabling you to make an informed decision that aligns with your lifestyle and budget.

Cost Comparison: Custom Home vs. Resale

When it comes to cost, the decision between a custom and a resale home is nuanced. In areas like Colorado Springs and the Pikes Peak region, the average resale home cost stands at about $215 per square foot. Conversely, the starting cost for custom homes can be approximately $235 per square foot, including a more substantial lot typically found outside standard subdivisions. This comparison reveals that, while custom homes may appear pricier upfront, the long-term value derived from customization and additional land often provides comparable, if not enhanced, value over resale options.

Time and Hassle Factor

The journey to building a custom home is marked by a significant time investment, usually encompassing a three to four-month design phase followed by eight to ten months of construction. This extended timeline demands flexibility and patience. However, choosing a reputable builder can streamline this process, reducing stress and making it nearly as straightforward as buying a resale home, which offers a quicker transition from purchase to move-in.

Customization and Personalization

The allure of a custom home lies in the unparalleled ability to personalize every aspect to your liking, a stark contrast to the compromises often necessary with resale homes. Custom building allows for the selection of an ideal lot, crafting of the perfect floor plan, and incorporation of modern finishes that ensure your residence genuinely reflects your preferences and lifestyle.

Strategic Considerations for a Custom Home

Opting for a custom build enables strategic planning for the property’s overall layout and infrastructure, enhancing both aesthetics and functionality. This foresight allows for the seamless integration of additional structures, such as accessory dwelling units or barns, and outdoor features, including landscaping tailored to complement the main residence. Infrastructure considerations, such as electric and gas lines for outdoor amenities, are planned from the outset, preventing future complications and additional costs.

Making the Right Choice

While the upfront cost of building a custom home may exceed that of purchasing a resale, the benefits of modern finishes, a personalized floor plan, and added land value often make a compelling case for the custom route. Your decision should ultimately reflect your budget, desired timeline, and the level of customization you seek. NorthStar Custom Homes is dedicated to supporting you through this process, providing expertise and insights whether you decide to build a custom home or are considering a resale property in Colorado.

Conclusion

Building a custom home with NorthStar Custom Homes means creating a residence that exceeds your expectations, reflecting your unique preferences and lifestyle. If you’re contemplating a custom home in Colorado, we invite you to connect with us. Together, we can navigate the decision-making process, ensuring that whether you choose a custom build or a resale home, your choice leads to a living space you’ll love and cherish.