This is a difficult question to answer for some homeowners. We hear concerns from homeowners trying to make this important decision all the time. The brunt of the conversation generally boils down to budget. So today we’re going to talk about ways you can save money regardless as to which option you choose. We don’t want to discourage you no matter which direction you decide to go.
Can I really afford it?
That depends entirely on your personal tastes and how many must-have items are on your list. Please keep in mind that the blueprints for a custom home will likely cost several thousand dollars. All other costs will be based on several factors including size, location, and materials used during construction. We like to make sure our clients know that when they build a custom home, every minute detail is custom created. You will get exactly what you want, and you will love everything about the home.
When you are considering renovating your existing home, keep in mind that the existing structure is already in place. It may be modified and changed to look like an entirely different place. Modifying your existing home can be much less expensive than building a new home.
Shop around with a few different lenders to make sure you get the best rates on your new home loan. You may discover that you can save thousands of dollars per year in interest simply by changing to a different mortgage provider. Whether building a new custom home or renovating your existing home, you’re going to need the funds to see the project through to the end. Less money paid in interest means more money for important house items.
Do you like the current location of your home?
Location is often a major factor for people who want to renovate their existing home and transform it into their dream home. Some homeowners love their current neighborhood. If this applies to you, you may be better off choosing to renovate. On the other hand, if you’re tired of your current neighborhood, it may be time to move on.
The Sundance Custom Homes Advantage
Sundance Custom Homes, LLC, is a locally owned and operated business in Cecil County Maryland. We focus on delivering excellent customer service and top quality workmanship in every build whether it is a custom home or a renovation. We would love to hear your ideas and help you achieve your homeownership dreams.