20 Benefits of Building Your Own Home

Are you beginning construction on the home of your dreams? Congratulations! You will now have the opportunity to bring a high-level of customization to every part of your new home. Whether you want an open-floor layout, a three-car garage or even a pool in the backyard, a custom home will deliver everything that you want.

We here at Treasured Spaces know the benefits of building your own home and want to give you the opportunity to see the many benefits of building on your own plot of land. So let’s get started!

1) Location, location, location

A huge part of designing your own home is the ability to choose the exact location of where you want to live. After all, you probably want to live surrounded by things that you love, whether it’s in the city surrounded by amenities, or in the country where you can find peace. Once you’ve found the location of your dreams, you can get started with your ideal home building project.

2) Fully-Customizable

Building your own home gives you unlimited options, with a fully-customizable floor plan or a one-of-a-kind masterpiece. You can choose your own style and design to fit your family, lifestyle or hobbies. Build that three-car garage or luxury bathroom that you’ve always dreamed of, or put a tennis court in your backyard — the choices are endless.

3) More Space for Customization

When you build on your own lot, you will have an optimized space for getting the design features that you want. Extensions or additions to your home or outdoor space won’t be as constricted by what’s already there—you can have much more space to work with, and get the freedom to design the look you’re envisioning in your mind.

4) Better Land Choices

Choosing a piece of property on which you’d like to build also frees you up to larger pieces of land in nearby locations. Depending upon which area you’re searching in, there may be other pieces of land that you can eventually purchase to build upon and extend your property.

5) Find Ultimate Comfort

A huge benefit of on your lot construction is the comfort you’ll receive from a customized home. With complete creative control on everything from room design to landscaping, you can truly have the home that you’ve always wanted.

6) No Restrictions by a Community

Homeowners’ associations are something you either love or hate, and for those that are in the hate category, building a home on your own lot will always be a better option. Homeowners’ association do have some pros, such as guarding the value of your home by prohibiting certain styles and ensuring homes are well-kept, however these restrictions aren’t for everyone. If this description fits you, we’d recommend building on a lot outside of a community with a homeowners’ association.

7) Save Money with the Help of a Trained Contractor

If you’re in the market for land in less-developed areas, you should consult an experienced builder with local knowledge and on-your-lot construction capabilities. With a contractor’s help, you can find the plot of land you love without blowing your budget on a money pit. He’ll be able to advise you on various locations and even help you pinpoint your perfect spot if you’re unsure of what suits you best. There are many money-saving benefits of building your own home, but trained contractors are more than likely your best shot at lowing the projects expense

8) Live the American Dream

Living on your own plot of land in the home you’ve been wanting for years has become a main tenant of the American dream. Our culture values individuality and self-expression, and by buying your own land and building a fully-customized home, you can live out your own version of the dream.

9) A Timeline That’s Worth It

When compared to how long you may have been dreaming of owning your customized home, on-your-lot construction can deliver it in a relatively short period of time. Some homes can be constructed in as little as 100 days, while some can take up to six months or a year. That’s not too bad, considering how long you’ve been wanting your own home! Any wait may be worth it.

10) Get the Prices You Want

When you have the freedom to choose your desired location, you can find the area that’s perfect for your price range. From taxes to interest rates and overall expense, finding a location that fits into your budget can help you lead the lifestyle you want. Additionally, when you consider that purchasing an existing home that is several years, or even a century old, you actually end up spending more money over the long term in upgrades, updates and fixes.

11) Build a Customized Home on Any Land

Even if you already own a plot of land and aren’t looking to purchase another, you can build a fully-customized home within the given specifications of the location. By hiring a professional contractor, you can get a construction blueprint that will optimize any area, even if there’s an existing structure that needs to be torn down. Sometimes, this is a better option for those people that are happy with what they have and don’t want to deal with the hassle of selling or shopping for property.

13) Design the Home to Fit Your Family

With on-your-lot construction, you can design your home to fit your family’s specific needs. Maybe you have babies or toddlers in the family and you want the master bedroom in close proximity to the nursery. Or, perhaps you have teenagers and you don’t want them sneaking out at night so you don’t want to install a basement door. Each family’s needs are different – find out what’s important to you so you can work it into the design.

14) Get Peace of Mind

If you’re weighing the benefits of building your own home or buying an existing one, it may be helpful to know that a freshly-constructed house will give you peace of mind. Without knowing the full history of an existing home, you may be buying something that has major structural problems, outdated plumbing or electrical systems, or even damage from past accidents like flooding or fires. When you build a home from the ground-up, you’ll know that everything is in working order.

15) More Leeway for Additional Buildings

When you choose your own lot, you don’t have to deal with restrictions on outbuildings, guesthouses, detached garages or an office. What if you want to create a guesthouse for your visitors or you want a detached garage? You will need to be in the right location for the best permitting and zoning permissions.

16) Unique Finishes

With a custom-built home, it’s easy for you to integrate unique features into any area of the house throughout the planning and design phases. You have the freedom to design an entire living room around a heirloom piece of furniture or integrate unique materials into the walls or floors.

17) Complete Privacy

When you have creative control over your home construction project, you can design the home that has the highest means of privacy available. If you desire, you can put up privacy fences, tall trees and other architectural features that provide the solitude you’re searching for.

18) Custom Floor Plan

Laying out your own custom floor plan is one of the major benefits of building your own home. When you buy an existing home, apartment or condo, you’re stuck with what’s there. Making major changes to these structures can be complex, not to mention pricey. By building your own home, you can get everything that you want out of a floor plan – whether it’s an extra-large master bedroom, a laundry room on the second floor or a mother-in-law suite above the garage.

19) Higher Quality

Completely customizing your home from the start will dramatically reduce the chance of substandard quality. Many home builders go above and beyond to deliver everything their client wants and more. With an existing house, the prefabricated elements can stop you from getting the quality you’re searching for.

20) Build a Greener House

In today’s home-buying market, many houses are outdated when it comes to energy efficiency. Building your home from the ground up will give you the opportunity to install things like solar panels, and better windows and insulation, so you can save money while also doing your part to save the environment.

Four Things to Look for in a Build-On-Your-Lot Builder:

When you are planning to build on your lot in Minnesota, search for a home builder that has the local knowledge and custom construction experience to build the home of your dreams.

There is a different set of skills involved with building on a lot, such as communicating with architects, clearing debris, utility hook up and major landscaping that only an experienced contractor will know how to do.

Hiring a builder with strong on-your-lot experience will save you a ton of money and hassle in the long run. They will help you with site evaluations, permitting, floorplans, construction and coordination, as well as financing in some cases. Here are four things to consider when choosing the ideal on-your-lot builder:

1. Choose your builder based on their experience in on-your-lot construction. Many builders specialize in building custom homes, while others only remodel existing structures. Some do both, so it’s important to ask potential builders that they have strong build-on-your-lot expertise.
2. Choose a builder based on their ability to give you the customization you want. Some builders may already have a variety of floor plans that you can choose from, so if you want to design it to your specs, you will need to find the right partner.
3. Choose a buyer that has the capability to receive the best prices for the highest-quality goods. Contractors get different materials for different prices, and you don’t want to waste your money over-paying for items.
4. Choose a builder that stands behind the quality of their products and services. Quality assurance and a warranty program will help put your mind at ease should any problems arise during or after construction.

Good Luck with your New Home!

Now that you know the benefits of on-your-lot construction, reach out to a trusted contractor like Treasured Spaces to get started with the development of your dream home!
Whether you want to build the kitchen you’ve always wanted, a three-car garage or even a bowling alley in your basement, the options are only limited by your imagination. When you have the power to fully-customize every nook and cranny, you will be living the good life. Good luck with your project!