In 2016, about 36 percent of Americans rented their homes, but that has drastically changed today as more people abandoned the rental market and became new homeowners.
Since rent is increasing by the year, more people become disillusioned about renting their place. Most people work to pay for their rent, but that money goes nowhere since the home they’re paying for isn’t technically theirs at the end of the day.
If you’re looking for a new home, you might be stuck with deciding between a custom-built house or a pre-existing residence. If you haven’t decided yet, here are some things to consider to help you make the right choice:
Building codes tend to change a lot, especially with introducing new materials, technologies, and techniques. These safety codes are essential in keeping structures safe so people can use them without worry.
An older home might not be up-to-date with the existing building codes or have lost its distinction. While not being updated with building codes does not automatically mean the house is unsafe, it does mean that it isn’t as secure as it should be, considering today’s safety standards.
Moreover, new homes are constructed with building codes in mind. So, if you’re getting a custom-built home, you are guaranteed that everything is updated, including adherence to safety codes.
Every home requires some level of maintenance to keep everything in working order and in good condition. However, the level of care needed depends on the type of home.
With that said, pre-existing homes are older and have older fixtures and building materials. While many people prefer this type of aesthetic look, it’s a lot of maintenance. Issues tend to develop, causing repair bills to pile up. You might end up changing all the furnishings.
Meanwhile, new custom homes don’t have the same maintenance issues pre-existing homes have. If you’re working with experienced custom home builders, you no longer have to think about repair and maintenance bills for several years to come.
New homeowners need to monitor expenses to stay on top of monthly payments. One way of saving money is to use energy-efficient materials that cut a large option off your energy bills.
Meanwhile, older houses barely utilize energy-efficient materials and are built with old building materials. They do not offer the same technological benefits as energy-saving homes. While you can remodel a home and make it more energy-efficient, that will take an additional portion of your budget.
Technology today allows for energy-efficient materials for new homes without breaking the bank. You can save money on energy bills and avoid going over budget from converting an old house into a modern and energy-efficient one.
While both pre-existing homes and new custom-built ones have their fair share of pros and cons, new homes are better fitted for modern and cost-effective living. Still, the decision depends on your preference and budget. Perhaps you prefer the charm of older homes and have the necessary funding to upgrade them, then that might be the choice for you. If not, new homes are much more efficient, cost-effective, and easier to live in.
At Technick, we build inspiring commercial and residential spaces in Irvine, CA. We specialize in a whole house remodel and are proud to offer an award-winning interior designer for the entire home, kitchen, bath, and surfaces like floors, counters, and walls. We will provide you with the best work you can dream of! If you’re looking for reliable custom home builders in Irvine, call us at 888-900-6009. We’re excited to work with you!