Why building a new home beats buying an existing home . . .

By
Real Estate Agent with Sequim & Port Angeles Real Estate

Building your Sequim or Port Angeles retirement home soon? There are a small number of luxury homes for sale in the area, but the sellers have been frustrated, because they've been unable to sell their homes in the upper price ranges, $500,000 to $900,000. If you are planning your retirement in Sequim or Port Angeles, you may be grappling a little with the choice of buying an existing home or having your next home built by a custom home builder.

What is the biggest single reason people ultimately decide to have their retirement home built? Perhaps some visual aides will make the point best.

Not everyone has the same concept of architectural beauty. Some like a traditional architecture, and others like . . . well . . . something else.

What is your idea of a beautiful custom designed kitchen?

These photos represent luxury homes in the upper price ranges. Unless you fall in love with a unique design, you are unlikely to want to pay for someone else's idea of a dream home.

Some people like log homes, but even among those who do, their tastes and preferences are decidedly different. Does this catch your eye? More than that, would you be willing to pay a high price for someone else's unique log design? It's actually a hybrid of log and frame.

The kitchen is clearly one of the most important rooms in your home, so this is where people tend to customize their design, the cabinets, and the countertops, and it's easy to get turned off by someone else's kitchen plan. Just another reason to build your own kitchen from scratch.

The living room or great room is also a major factor for homebuyers, and buyers are usually impressed, turned off, or feel nothing when they walk into a home for the first time. If the living room doesn't instantly delight you with feelings of comfort and peace, move on.

I've seen some really impressive luxury homes, but not necessarily something I would want to live in. When you buy someone else's design, it never really feels like it's entirely your own. Of course, you can redecorate or rehab or completely rebuild a kitchen, for example, but then you've just bought it twice. Why do that when you can design your own and pay for it once?

Granted, these photos are of unique designs, but they are certainly not wierd or way out. These are designs within the universe of homes for sale.

My point is that any luxury home, or home in the upper price ranges, is someone else's design, and while you may look at something more traditional than what I've displayed in these photos, you'll still have the same issues. 

Want to look at more floor plans for the Northwest? For floor plans, photos, and descriptions, take a look at RickAndersonHomes.com. I think you'll be glad you did.

 

Footnote:  There's another segment of the market where a person may be able to buy an existing home cheaper than building, and that is the lower price ranges.  Those deals are not necessarily easy to find, but a foreclosure may be selling now for less than the cost to build the same home on a developed lot.  Most people who are shopping for luxury homes are not in this segment of the buying population.  There is one other scenario, and that is a luxury home for sale at a huge discount, more than the cost to build the same or a similar home.  Of course, none this eliminates the issues or main points above.

Read more about home building and real estate issues at Sequim Real Estate.

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Chuck Marunde

Sequim Real Estate Broker
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