The production home building process is efficient and affordable. Without the added stress of making the many decisions that are involved with custom homes, the production home building process erases some of the unnecessary complications that custom houses bring. For many home owners, moving into a predesigned home is the perfect solution. Still able to select paint colors, flooring options, and cabinet faces, a production home building process allows new buyers the option to personalize their space without the headaches of complicated floor plan decisions that can complicate the building process, while also significantly increasing the costs.
If you are getting ready to make a new house decision, it is important that you understand the process. If it is your first home purchase, for instance, having to make too many decisions that you are not really informed enough about you can make costly mistakes. When you start with a home that does not allow you the flexibility to make costly home design mistakes the entire process is much less stressful.
Production homebuilders offer a variety of floor plans, but all of these plans are well tested and practiced. They include plumbing and electrical solutions that have been installed again and again.
When Are You Planning to Buy Your First Home?
The first two things that you need to decide when you purchase a home is the size of the home that you want and the price that you are able to play. Based on those two essential pieces of information, you can begin your search. Looking through the offerings of production home builders, for instance, your budget can help you decide on what homes might work best for you. From this point, the production home building process allows you to personalize, but not customize your selection.
Consider some of these statistics about the home buying process:
- 8% of first-time and repeat buyers have household incomes of $200,000 or more.
- 10% of first-time and repeat buyers purchased homes that are priced $500,000 and more.
- 49% of home buyers indicate that they are willing to pay more for an ensuite master bath
- 69% of homeowners indicate that they are willing to spend more money for new kitchen appliances.
- 70% of homeowners indicate that they would be willing to pay more for central air conditioning.
- 66,000 of the 648,000 single-family homes completed had two bedrooms or fewer; 282,000 had four bedrooms or more.
- 183,000 of the 648,000 single-family homes completed in 2015 had a patio and a porch; 14,000 had a patio and a deck.
First time home buyers have many things to consider. From the location of the home and the nearby school districts, first time home buyers have many decisions to make. The fact that some areas have homes that are worth far more than others means that the location of a home is very important. The need to find a home that holds its value will help home buyers protect this substantial investment.
After home size, home price, and home location are determined, home buyers can then look at floor plans and other more specific choices. The fact that the production home building process eliminates many custom choices still leaves many personalization selections. Getting to select floor coverings, paint colors, and other personal choices can make a production home your own, without forcing the buyer to go through the process of making more difficult customization decisions.
Finding a perfect home is the goal of many first time buyers. Understanding the limitation of a budget and realizing the problems that can occur when you make customization choices that may not work are just two pitfalls that first time home buyers should try to avoid.
If you are getting ready to select a home site you might want to start looking at locations that are offered by production home builders so that you can be successful in your investment. Working with a home production builder will help you limit the choices that you need to make, while at the same time allowing enough decisions so that you can still personalize your new home. Home investments can help you gain equity if you make the right decision about the price that you pay and the home site location that you select.