oklahoma builder
We all want a home that's perfect for us, and what could be better than having a new custom home built from scratch? The problem comes when it's time to sell your custom home. Will you have ordered a home with great resale potential? Will all of your agonized choices made over blueprints and plans have maximized the resale value of your custom home, or will they have reduced it?
builder oklahoma
Home builders see it all the time, they watch you make choices that aren't going to sit well with future buyers. They may mumble something, but they're not going to duke it out with you. After all they're there to make you happy today, not in ten years time when you move to sell.
Common Reasons Why Custom Homes Lose Their Value
1) Homes built to specific tastes
Perhaps you eat out every meal and don't think you need a kitchen, but whoever is going to be living in that house after you sure a heck will. Remember you're building this house for you, but you're also building it for posterity, so don't get too crazy.
2) Poor choice of home location
You might think that life way out in the countryside is peachy and a custom home nestled by a stream in a valley 30 miles from the nearest metro is an acceptable commute, but most buyers will not. The old adage applies to custom homes too, if you want to maximize your resale value then its location location location. You might think that the $10,000 extra it costs for a better plot in a nicer neighborhood might be better spent on granite counter tops in all four bathrooms. Well, you'd be wrong. Location is not something you can change.
3) Maximize the value of the right rooms
Homes tend to be focused around the kitchen and high-quality kitchens sell houses. Invest more here for the best resale value. Stainless and granite are the watch-words. Bathrooms are also important, especially the master bathroom, consider a Jacuzzi, his and hers vanities and a decent sized walk-in closet.
4) Shoot for the average house price in the neighborhood
You want your custom home to be around the average price for the neighborhood it's in, that way when people come to view it and they look at the cars your neighbor's drive, at their landscaping, and they meet them, they will feel comfortable because they will be in the same socioeconomic group. The same goes for when mortgage companies value your home, they'll look at other houses nearby and you don't want your house to be significantly more expensive.
5) Try to get the best home plot in the neighborhood
Get in early on new developments and buy a plot that backs onto the neighborhood lake or playground, that's near the trendy coffee shop, or is close to some open space where you can let your dog off the leash. These are all things you will enjoy, but they're also factors that tend to increase the resale speed of a property, and may even increase its value.
6) Landscaping can make the difference
Most custom home buyers are thinking about their home and not about what's right outside the front door. Give your home curb appeal with big windows, some nice detailing and fabulous, easy to maintain landscaping.
7) Look at surrounding neighborhoods and area trends
Look at census information, economic data, newspaper reports, police reports and local school achievement to judge how desirable the location for your new custom home is. If you really want to maximize your resale value look for an area where there's a strong trend of improvement. More economic activity and improving school performance will mean more demand for homes.
Custom Homes Can Retain Their Value Better Than Cookie Cutter Homes
If you feel up to the task and you take this advice to heart there's no reason why your new custom home won't have an excellent resale value. In fact custom homes ordered by discerning buyers often have the edge over cookie cutter homes because of their unique features and attention to detail.
oklahoma builder
builder oklahoma
Home builders see it all the time, they watch you make choices that aren't going to sit well with future buyers. They may mumble something, but they're not going to duke it out with you. After all they're there to make you happy today, not in ten years time when you move to sell.
Common Reasons Why Custom Homes Lose Their Value
1) Homes built to specific tastes
Perhaps you eat out every meal and don't think you need a kitchen, but whoever is going to be living in that house after you sure a heck will. Remember you're building this house for you, but you're also building it for posterity, so don't get too crazy.
2) Poor choice of home location
You might think that life way out in the countryside is peachy and a custom home nestled by a stream in a valley 30 miles from the nearest metro is an acceptable commute, but most buyers will not. The old adage applies to custom homes too, if you want to maximize your resale value then its location location location. You might think that the $10,000 extra it costs for a better plot in a nicer neighborhood might be better spent on granite counter tops in all four bathrooms. Well, you'd be wrong. Location is not something you can change.
3) Maximize the value of the right rooms
Homes tend to be focused around the kitchen and high-quality kitchens sell houses. Invest more here for the best resale value. Stainless and granite are the watch-words. Bathrooms are also important, especially the master bathroom, consider a Jacuzzi, his and hers vanities and a decent sized walk-in closet.
4) Shoot for the average house price in the neighborhood
You want your custom home to be around the average price for the neighborhood it's in, that way when people come to view it and they look at the cars your neighbor's drive, at their landscaping, and they meet them, they will feel comfortable because they will be in the same socioeconomic group. The same goes for when mortgage companies value your home, they'll look at other houses nearby and you don't want your house to be significantly more expensive.
5) Try to get the best home plot in the neighborhood
Get in early on new developments and buy a plot that backs onto the neighborhood lake or playground, that's near the trendy coffee shop, or is close to some open space where you can let your dog off the leash. These are all things you will enjoy, but they're also factors that tend to increase the resale speed of a property, and may even increase its value.
6) Landscaping can make the difference
Most custom home buyers are thinking about their home and not about what's right outside the front door. Give your home curb appeal with big windows, some nice detailing and fabulous, easy to maintain landscaping.
7) Look at surrounding neighborhoods and area trends
Look at census information, economic data, newspaper reports, police reports and local school achievement to judge how desirable the location for your new custom home is. If you really want to maximize your resale value look for an area where there's a strong trend of improvement. More economic activity and improving school performance will mean more demand for homes.
Custom Homes Can Retain Their Value Better Than Cookie Cutter Homes
If you feel up to the task and you take this advice to heart there's no reason why your new custom home won't have an excellent resale value. In fact custom homes ordered by discerning buyers often have the edge over cookie cutter homes because of their unique features and attention to detail.
oklahoma builder