Should you rent a home or own a home?
This truly is the question of the age. You have so many Americans of different age groups and demographics trying to navigate a dynamic economy, much less the concept of homeownership. Is it worth waiting out for a pre-owned home with a good price or is the custom built home the way to go? As it stands, custom built homes have a lot of benefits that are only becoming better known by the day. It might just be what you’re looking for.
Let’s take a look at some luxury homes for sale and how you can finally start taking the steps toward becoming a homeowner.
It’s Not Just Older Americans Wanting To Own Homes
Think it’s just Baby Boomers looking for custom built homes all their own? Not quite! Realtor.com predicted that up to 60% of homebuyers in 2017 would be under the age of 35, marking a significant change from the traditional perspective on the American homeowner. Not just that, but some of the biggest features sought after in homes are not appearance, but energy-efficiency and eco-friendliness. If you’re having a hard time keeping up, never fear…you’re not the only one.
Finding The Right Property Is Often The Biggest Issue
When searching for homes it’s easy to get lost in all the details. You have to take into account your mortgage, your monthly bills, your future renovations…it’s a lot! For many homeowners finding the right property remains the biggest roadblock on the way to success, with a recent survey seeing 50% of respondents bringing this up. Back in 2015 over 500,000 homes were sold across the country. Make sure you finish up the hard stuff first so the rest is a breeze.
Homeownership Will Only Continue To Rise
Where will homeownership go from here? According to a recent study at least 30% of people looking to buy homes these days are doing so for the first time. Another 35% of recent buyers who purchased new homes were trying to avoid renovations and problems with plumbing and electricity. It’s easy to see why custom built homes are becoming so popular. They give new buyers an easy launching pad into a new life while still simplifying the process.
Energy-Efficiency Should Be High On Your To-Buy List
A good place to focus on when searching for new custom homes is energy-efficiency. When the average American household spends around 50% of its monthly income on heating and cooling…it’s easy to see why! One study asking buyers what they want most out of their home found nearly 50% stating energy-efficiency to be their most desired feature. This goes for good roofing materials and green flooring, among others. You can find home floor plans online to better learn about your options and where you stand in the mix.
Custom Built Homes Offer A Little Bit Of Everything
The Internet has made shopping for homes much easier than before. No more long drives across the state just to take a short tour! Over 90% of people use the Internet when searching for custom built homes, with many passing over custom home options if there isn’t a decent virtual tour. This means plenty of high-quality photos and detailed descriptions to satiate your curiosity. Today six out of 10 adults have moved to a new community at least once in their lives.
Where will you make your mark? Look up a new custom built home and find out!