Question 1

Is Building a Custom Home Worth It?

Accepted Answer

A custom home is perfect for buyers who want to build their dream home, complete with a floorplan that fits their needs and all the amenities they desire.

Custom homes are typically built on land owned by the buyer, and the builder works with the buyer to develop a floorplan for their one-of-a-kind home.

When you decide to build a custom home, you’re building the home you hope to grow your family in and maybe even retire in. The extra time and money spent on designing, building, and settling into your custom home, will be worth it if you plan to make it your home for years to come.

Question 2

Why Should You Build a Custom Home?

Accepted Answer

To build or not to build, that is the question. Looking for your perfect dream home can not only be a daily headache in the search process, but it can also result in complete agony when you find out another buyer has outbid the house you had your hopes on.

After getting over the pain of losing your “dream” house and the “what ifs,” you finally admit to yourself that the kitchen wasn’t exactly perfect, and the fact that the master bedroom wasn’t on the first floor wasn’t a deal-breaker, but more of a compromise. Quit lying to yourself! Hey, we all do it! So why not invest your money into something you are 100% happy with?

This is the most obvious and attractive reason to consider when building a custom home. You, as the buyer, have total control in tailoring the entire house to every desired detail—down to the colour of the knobs on the cabinets. In reality, the chances of finding a home built with everything you want already on the market is very slim.

Even if you find something comparable, you will most likely eventually turn to renovate in order to make the room(s) specific to your wants, and that can get pretty tricky (and expensive). Having total control of exactly what is put into your home and where it’s placed makes for a house that is 100% customised to your preference with no surprises.

Question 3

Is it Low Maintenance to a Custom Home?

Accepted Answer

Another advantage to having a brand new, custom-built home is that everything is NEW! Everything from the plumbing, air conditioning, appliances to the light bulbs in the ceiling are all brand new and should have very little to no maintenance—at least not for a long time.

After you’ve settled in and your furniture and decorations are in place, you should be worry-free. You can enjoy your brand new home without being concerned with unexpected expenses such as the cost of fixing a broken air conditioner!

Home maintenance is often a huge factor that is not considered when purchasing a home, and most buyers are thrown off guard and not financially prepared to pay for repairs when large appliances break.

Question 4

What Is a High-End Custom Home?

Accepted Answer

A custom luxury home is a one-of-a-kind home designed specifically for a client and explicitly for the location chosen or owned by this client. These homes are built by custom luxury home builders who specialise in innovative projects and possess the experience and expertise to meet exact needs.

With a custom luxury home, everything from the floor plan to sustainable initiatives to the type of kitchen sink you want is personalised and tailored to meet the client’s high-end musts. As a result, the budget is determined solely by the client’s choices, and the functionality and quality of the home are to their standards alone.

At any point in the build, alterations can be made, but these homes can cost more per square foot, as many products and features cannot be ordered in bulk due to the uniqueness of the build. These homes can also take longer to build, and it can be more difficult to finance a custom luxury home through a lender since the depreciation can be more substantial and occur quicker.

Question 5

Is Building a Custom Home More Expensive?

Accepted Answer

But as a general rule, a custom-built home will cost you twice as much as a personalised production home. And the land cost is usually not included in that figure. You can expect the cost of a new home to average between $150 and $400 per square foot, depending on which part of the country you are building in.

Whether to buy a custom home or a personalised production home is a very personal one and one only you can make. You should take as much time as you need to study all your options, and then will you be able to make the decision that is right for you and your family.

If you find yourself torn about which direction to take, you may want to visit some personalised production home builder locations to get a feel for what they have to offer. If you don’t find anything that suits your needs, you can always contact a custom home builder to compare the costs and options they have available.

50 Best Custom Home Builders in Melbourne, Victoria [2022]

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