Building a new home doesn't offer the same convenience as buying an existing house. However, the big advantage is you are much more likely to get exactly what you want. For many, this factor alone is enough to choose to build over buying, but there are other advantages too.
“Home buyers expect more from their homes’ performance and they are realizing that there is so much more to luxury than just the facade of the home. Today’s home buyers understand that what’s behind the drywall is just as important as what’s in front of the drywall." says Jeff Bogard, owner of REA.homes a High Performance Luxury Home builder. “When clients build new with us, they know our focus and passion on building a superior shell of the home results in superior indoor comfort, superior indoor air quality, and superior energy efficiency. You just cannot do this with older existing homes.”
In addition, a new house may literally be better for you. "A new home is less likely to have the health concerns or toxic materials compared to an older home – things such as asbestos, lead paint, mold, etc.” Bogard says. “And it can be built with certain materials making it better for the environment. Green appliances/ENERGY STAR rated appliances, and more efficient toilets, plumbing fixtures, and electrical fixtures allow you to build "green" for a more sustainable home in the long run. Remember, a more sustainable home means substantial money savings for the client because systems and materials last longer. And you have the option to install, sleeve and/or wire for future technology upgrades, such as home automation and solar," says Bogard.
Even though the upfront costs of building can be slightly higher, it may be easier to recoup your investment. If a new home is designed and built properly, the monthly cost of operating it (utilities, replacements of mechanical systems, etc.) can be far less than older existing homes. You can have more significant profits with the resale of your new home. A newer home is typically more appealing than an older home to most people. In addition, a new home will require fewer repairs and less maintenance, which can save both money and time.
Money and features aside, building a house can lead to a level of satisfaction that you can't achieve through buying an existing home. "There is a definite feeling of an emotional connection to living in a new home that you have created," says Bogard. "The new-home that no one else has stepped foot in (or pets) on your carpet. This is your creation that matches your style and personality, that you created from scratch."