Tired of searching for the perfect home? It may not exist. Depending on the state of the market, the home you want may only exist in your mind. If this is the case, don’t fear there is a solution: build baby, build. A growing number of home seekers have decided to avoid the hassle of searching for a home and are partnering with professional builders to create a custom design / build. Some people think that designing and building a home is expensive, but the truth is that this could be an affordable option with many advantages.

Customizable floor plans

Don’t waste your time or money trying to make a pre-existing home the perfect home for you, build one instead. Businesses have portfolios of homes that can be categorized by home seekers and that are highly customizable, from kitchen countertops to floors.

More economical

One of the main ways people save money through construction is by contributing to the labor force. If you are particularly skilled, you can save a tremendous amount of money by doing the work yourself. People also save by cutting out the middle man. Typically, when you build your own home, you pay suppliers directly and eliminate margins. Taking control of the construction process and strictly monitoring construction and materials costs can save you money, as builders can inflate home costs to cover potential cost surpluses.

Good investment

Owning a home has been proven time and time again to be one of the best long-term investments a person can have. Home ownership can represent an investment to revitalize or build a neighborhood. Additionally, homeowners find it easier to obtain lines of credit, as many creditors view home ownership as a sign of responsibility and a guarantee that they will make payments.

Get more

Most homes being built now average 700 more square feet. This means that the houses that are built have larger bedrooms, kitchens, and bathrooms. Plus, upgraded features, low maintenance fees, and increased energy efficiency mean design / builds give you more home for less.

Spend less on materials

The Master Builders Association (MBA) reports a steady drop in lumber costs. In fact, material costs are the lowest in five years. This could translate to savings of up to 15 percent in material costs on a 2,500-square-foot home.

Great interest rates

The housing market is experiencing historically low interest rates. According to the MBA, between 1971 and 2001 there were only 13 months in which interest rates were lower than they are now. This means that once you’ve saved money on materials, labor, energy, and more, you can apply a historically low interest rate once the home is finished.

If you are considering buying a home in the near future, building a home can be a more solid investment. With low interest rates, more home for less money, highly customizable plans, and great long-term investment potential, building your own home will not only give you the home of your dreams, but it will also save you a lot of cash.