The abundance and low prices of re-sale homes can cause great frustration for custom home builders these days.  Over the past few months I have had lengthy conversations with several clients who want to build a new home.....but then they get sidetracked by re-sale homes.

They start out, you see, quite focused on buying a lot, selecting and designing floor plans, hiring a builder, and building their dream home ---- but WAIT!  Just before they tip the first domino, they take a look online at a few re-sale homes and they start to second guess themselves.

They're about to build a $400,000 home, and they think they see comparable re-sale homes (that are only a few years old) for only $350,000.  Or they're about to build a $475,000 house, and there seem to be quite a few comparable $430,000 homes that are only a few years old.

My universal answer to this angst is to suggest that we spend some time viewing the re-sale homes.  I suggest to them that looking at the re-sale homes will DEFINITELY give them their answer.  They'll either confirm their decision to hire a custom builder --- or they'll fall in love with a re-sale home and move forward in that direction. 

You'd think, with the price gaps we're discussing, that these clients would often end up buying a re-sale home --- but that's not usually what happens.  While there are some compelling re-sale houses for sale, they almost always determine that they'd rather pay more to have a house exactly how they want it.  Sometimes this is the floor plan, sometimes the neighborhood, or the lot size or topography, or the exterior materials of the home, or the interior finishes, or the level of maintenance needed into the future, or the views.......or a combination of many of these.

Sometimes this process will result in one of my clients deciding to buy a re-sale (instead of hiring a custom builder), but it almost always is a process that helps to confirm their decision to move forward with a custom build.

If you're in this situation --- ready to build, but full of self-doubt when examining the re-sale market --- please be in touch.  I'd be happy to help you explore the re-sale market to either confirm or derail your current plans.
 

Receive Updates by Email

Subscribe

Recent Articles:

• There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase
• Home Sales By Price Range In The City Of Harrisonburg
• Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later?
• How Much Slower Are The Winter Months In Our Local Housing Market?
• Rockingham County and New Home Sales Drive Surge in Area Housing Market
• Find The Balance Between Optimistic And Realistic Home Pricing
• Room Size Is Difficult To Understand Solely From Real Estate Photos
• How Much Would You Value Not Having To Prepare Your Home For Showings?
• One Out Of Four Homes Is Taking Longer Than A Month To Sell
• Consider The Cost Of Your Planned Renovations When Planning Your Offer

Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com