Debunking the Top Myths About Custom Homes

Debunking the Top Myths About Custom Homes
Published December 9, 2022 by Rob in Blog

There are a lot of things to love about custom homes. For starters, you get to design your dream home from scratch. You can pick out all the details, from the layout to the finishes. Plus, you get to work with a builder who will bring your vision to life.

But perhaps the best thing about custom homes is that they are built just for you. That means they are designed to fit your lifestyle and your budget. And, because they are built to your specifications, they are usually more energy-efficient and easier to maintain than mass-produced homes.

With a keen interest in building the custom home of your dreams, you’ve probably heard a lot of myths about custom homes. Maybe you’ve even been told that custom homes are too expensive, too complicated, or that they take too long to build. Well, we’re here to set the record straight. Here are the top myths about custom homes, debunked!

Busting the Common Myths About Custom Homes

Myth #1: Custom Homes are Only for the Wealthy

Custom homes are often associated with luxury and wealth. However, this isn’t always the case. While custom homes can be more expensive than mass-produced homes, they don’t have to be. 

Several factors affect the cost of a custom home, including the size, location, and features. This means that the buyer can choose the materials, finishes, and features that they want, and that they can have the home built to their budget.

Myth #2: Custom Homes Take Longer to Build

Custom homes are often thought to take longer to build than production homes, but this is not always the case. In fact, custom homes can often be built in the same amount of time as production homes. 

The key is to work with a builder who has experience in building custom homes. A good builder will be able to work with you to create a timeline that fits your needs and ensures that your home is built the way you want it.

Myth #3: Custom Home Prices Include the Lot

While some builders may include the lot in their price, most do not. The lot is a separate purchase, and the price of the custom home is based on the cost of materials and labor to build the home itself. 

With that in mind, it’s important to ask your builder if the price of your custom home includes the lot. If it doesn’t, you’ll need to factor that cost into your budget.

Myth #4: Custom Home Involves the Same Loans and Other Finances as Other Homes

One of the biggest differences is that custom homes are often built on land that is not yet developed. This means that you may need to take out a construction loan in addition to a mortgage. 

Construction loans are typically short-term loans that are used to finance the construction of a home. Once the home is completed, the construction loan is typically paid off with a regular mortgage.

The Bottom Line: Understanding What to Expect in a Custom Home

There’s a lot that goes into building a custom home, and it’s essential to understand what to expect before you get started. By debunking the common myths associated with custom homes, you can move forward and make well-informed decisions down the road.

Looking for a custom-built home in Houston? Incredible Homes is here to help! We specialize in custom home building, and our team of experienced professionals can make your dream home a reality.