Are Custom Homes Worth It?

Are Custom Homes Worth It

One of the most common questions asked by home buyers looking to build a home is: “Are custom homes more expensive?” And the simple answer to that question will always be: It depends. Of course, that is not the answer anyone wants to hear, but to answer truthfully, many factors affect a custom home cost.

Are Custom Homes Worth It

Explained below are some advantages and disadvantages of building a custom home. Having this information will allow you to decide for yourself if building a custom home is worth it.

Are Custom Homes Worth It

Types of Home Builders

Once you have decided to build a home, there are two primary types to choose from: production homes and custom homes.

Production home builders specialize in buying large areas of land and quickly developing and selling as many homes as will reasonably fit on that land for as cheap as possible. It has been said that they are not in the home business but the land business. Production home builders make their profit by building a home as cheaply and efficiently as possible and selling the land. These homes are an excellent choice for families looking to stay under a very tight budget who aren’t looking for customization.

Custom home builders are a team of craftsmen professionals who specialize in home design. This team partners architects, designers, agents, and builders together to bring your dream home to life. Customized builds can mean that you select an already designed floor plan and make customizations for a semi-custom home. Or that you work with the team from the ground up designing every aspect of your new home.

Tailored by Morgan Taylor Homes is an elevated custom home building experience designed to produce high-quality luxury homes tailored entirely to you.

Are Custom Homes Worth It

Cost Factors

When comparing the cost of a production home with a custom home, you will typically find that yes, a custom home is more expensive. There are many reasons for this, including the land and excavation, designs, and features implemented. But when it comes to customizations, you make the decisions. Therefore you are in control of how expensive the home is.

Are Custom Homes Worth It

Land

Many extra land factors affect a custom home’s cost. Fully customized homes are often built on land that the buying family already owns or real estate is purchased separately.

This is an advantage because you are not confined to a cookie-cutter neighborhood selected for you. But it can be a disadvantage because building on your own land means that it will need to be surveyed, excavated, and connected to municipal services. If the land is in a remote area or has rough geography, these costs will be more expensive.

With spec or production homes, the land is typically already owned, surveyed, and excavated by the builder. Therefore the cost of the land is already factored into the purchase price of the new home.

Depending on the type of builder you choose, they may be able to assist you with land purchase. At Morgan Taylor Homes, we can build on your lot, or we have many lots available for you and can walk you through the process of how to pick a lot.

are custom homes more expensive

Size

The cost of any home is affected by the size of the home. The larger the house, the more materials are used, therefore the cost is higher. Size alone does not determine the cost, though, as a smaller customized home with modest price points can potentially cost the same per square foot as a luxury production home.

With a typical custom home, though, the disadvantage is that you will find a higher price point because of the extra personnel, more expensive design items, and customization aspects. The advantage is that the home size and layout can all be controlled by you, and you can ensure you get the exact home size you desire.

are custom homes more expensive

Design

The level of personalization available when building a custom home is certainly not one of the cons of custom. Many people decide to build a custom home simply because they can design it from the ground up with the exact specifications and features that they dream up in their minds. There are many features to consider when building a home, such as eco-friendly options or outdoor living areas.

When designing your custom home, you can choose from an array of floor plans, design textures and styles, and features. At Morgan Taylor Homes, we have a design studio where you can see and touch all of our available options to decide what best fits you. There really is no downside when it comes to designing your custom home.

Are Custom Homes Worth It

Building a Home that is Worth It

When you are looking to buy a home, our team at Morgan Taylor Homes understands that you want to make sure your investment is worth it. In our opinion, there are way more advantages than disadvantages to building a customized home. You have many more options to choose from, much more personalization is available, and you have all the control.

At MTH, we have a team of professionals for every step of the design and build process to partner with you in making sure that your dream home becomes a reality. If you are looking for a forever home that is tailored to you and your lifestyle, we are confident that we can assist you and ensure that your decision to partner with Morgan Taylor Homes for your custom build is worth it.

Contact us at 480-626-1555 to begin the process of building a custom home today.

What is an Accessory Dwelling Unit?

By Erica | November 10, 2022

Are you in the process of building a home on your own lot and hearing the term “Accessory Dwelling Unit (ADU)” being thrown around? Or perhaps, you’re in the process of trying to figure out how to best care for your aging parents and are weighing your housing options, and an “Accessory Dwelling Unit” has …

What is an Accessory Dwelling Unit? Read More »

When is the Best Time to Buy a House in Arizona?

By Erica | October 26, 2022

Buying a house is always a big decision, and for many, it will be the biggest purchase they ever make. So buying a home is not a decision you want to make on a whim or take lightly. Smart buyers will do research about home buying when they begin their search, and even wiser buyers …

When is the Best Time to Buy a House in Arizona? Read More »

Best Places to Retire in Arizona

By Erica | October 12, 2022

As retirement is approaching, you may be beginning to consider your options for where you’d like to settle down in your golden years. Of course, sunny Florida is a popular option, or perhaps a coastal city such as Charleston. But are you ready for the humidity and flat terrain? If not, these locations may not …

Best Places to Retire in Arizona Read More »

Home Design Trends for Custom Homes in Arizona

By Erica | September 15, 2022

When you walk through a home that hasn’t been updated since the 70s, you know it. Wood paneling, upholstered furniture, sunken living rooms, and orange and green velvet are everywhere. These home design trends were all the rage in their time. But unfortunately (or fortunately), they faded out just as fast as they appeared. So …

Home Design Trends for Custom Homes in Arizona Read More »

Your Guide to Driveways: Alternative to Concrete

By Erica | August 23, 2022

If you have ever built your own home or made extensive renovations to an existing home, then you know there are hundreds if not thousands of choices to make and options to consider. It is honestly one of the primary reasons that homeowners turn away from new construction. But it can also be one of …

Your Guide to Driveways: Alternative to Concrete Read More »

5 Things to Consider When Purchasing a Lot

By Erica | August 9, 2022

Searching for your dream home can be quite a task. Especially when you just can’t seem to find a home that checks every box on your list. Of course, you can buy an existing home that is as close to perfect as possible and then complete renovations to your liking, but there is a better …

5 Things to Consider When Purchasing a Lot Read More »

5 Modern Kitchen Design Ideas For Seriously Upgrading Your Space

By Erica | July 21, 2022

Some design trends come and go, but one aesthetic that never goes out of style is sleek, modern design for the functional spaces in your home. Whether you’re an avid gathering host or you prefer a quiet night in, having the right modern kitchen design for your lifestyle can completely transform the overall look and …

5 Modern Kitchen Design Ideas For Seriously Upgrading Your Space Read More »

How To Buy A New Construction Home

By Erica | July 14, 2022

The home buying process can be an overwhelming experience, whether you’re a seasoned property owner or a first-time buyer. But if you’re ready to finally score your dream home and maximize the long-term benefits of this life-changing investment, then buying a new construction home is one of the easiest ways to build a stable, loving …

How To Buy A New Construction Home Read More »

5 Rustic Kitchen Design Ideas To Give Your Space A Cozy Makeover

By Erica | July 7, 2022

Your kitchen is the heart and soul of your home. But if modern minimalistic designs like these don’t exactly give you warm and fuzzy feelings, you might find yourself struggling to achieve the cozy kitchen corner of your dreams without compromising on great style. Sound familiar? Then it’s time to embrace the growing rustic kitchen …

5 Rustic Kitchen Design Ideas To Give Your Space A Cozy Makeover Read More »

Is Buying a House Advised Now with Rising Mortgage Rates?

By Erica | June 17, 2022

After a record low of 2.65% in 2021, forecasters projected mortgage rates to rise between 3.27% and 3.88% in 2022. Now they’re almost as high as 6% for the typical 30-year fixed mortgages. Normal variables that affect home-buying decisions may not necessarily apply this year due to unusual market fluctuations. High mortgage rates and other …

Is Buying a House Advised Now with Rising Mortgage Rates? Read More »