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I own a "Custom Home". It's a one-off that was built in 1994. My wife's dream was to own a custom home, so that's what we purchased in 2003. I only have one word to describe a "Custom Home":
Nightmare. Now, you are at a major advantage because your family would be participating in the construction of your home, so it's less likely that you'll encounter "weirdness" in the home design and decisions. But we've had whoppers here, from a single 75 gallon hot water tank on the second floor that feeds a floor above and a floor below (which generally means the bathroom faucet, tubs and showers have to be on a minimum of 2 minutes before warm water is feed through the pipes) to having 10 electrical outlets and eighteen 6" 75 watt can lights on a single 15 amp circuit to literally dozens more bad examples. I could go on and on about all of the repairs and changes I've needed to make to this home for the past 10 years (and in excess of $200k) but I'm sure you get the point. While I absolutely love my home, there have been days when I wished it were not a single, one-off, custom home because it's likely to have been better designed. Whichever way you go, best of luck! |
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Seeing as how you have the money to combat a problematic home, I think this speaks volumes to what I could potentially encounter should I enter into this type of venture. Thanks man! |
omg
shut UP |
AFEJT.
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I don't know what Fernt is, but I went with that choice.
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if anyone wants a good laugh, go look at the OP's thread history
it's hysterical |
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:thumb:Hysterical indeed. |
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A good portion that was spent was cosmetic but I'd "guess" that at least 35% (if not more, I'd have to check my records) were "fixes". It was a major drag but we're happy with the results. And you can thank the mods for my new username. It took me a while to figure out what happened and how to log in! :D |
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Little things like having your kitchen on the oposite side of your garage- people dont think about groceries ect- they just want to brag "we designed it ourselves" Great- but when you try to resale it- you can bet potential buyers will notice all the flaws as Dane describes. I have also seen people go buy acreage thinking they will build their "dream home" but negect things like a water source, sewer, building codes, land usuage, taxes, electric and gas service- building in a flood plain, building on marshland or sandy earth that can wreck havoc on your foundation. Also consider cliff views- it gets pricey blasting away bedrock. Best of luck! Most subdivisions will offer custom homes built to suit- based on proven designs. You pick all colors, flooring, ect. Believe me, you will be tired of choices by the time you are done. Pick wisely and think about the future. I had a lady that loved the color pink and her husband just went along- the whole house-EVERYTHING inside and out was pink- even the tubs and sinks. They were divorced a year later and that house sat on the market until it was finally bank owned and gutted. Good luck!! :thumb: |
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Are you trying to tell me the Mods would do something like that-LOL ROFL |
Typically, real estate prices are based on "comps"- comparable homes in the immediate area. If there is nothing comparable in the area, it usually devalues the home (even if the home itself is very nice). For example, even if you have a 5,000 square foot mansion with vaulted ceilings, custom cabinets and Italian marble throughout, that home will be devalued if the next largest homes in the neighborhood are only 2,500 square feet and have none of those features.
In short, if he wants to build something at $200 per square foot (good luck staying in budget!), he should build in a neighborhood where homes are comparable to his project and sell for at least $200 per square foot. Or he can live there forever or take it in the shorts whenever he sells. |
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And the house was recently appraised at twice the purchase price, so we're all good. :thumb: |
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I would love to design my own home. Building it would be a pain, though.
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Use AIDS tree lumber.
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