Custom Homes Vs Ready-Built Properties


Whether you’ve been on the property ladder for several years or you’re just entering the world of real estate, you’ll have a decision on your hands – will you invest in an existing property or a custom-built home?

Whilst the latter might seem out of reach for many first-time buyers, there are certain construction mortgages you can get that helps ease the finances. Similarly, for existing properties, there is a whole host of loans and mortgages available, whether it’s your first property or you’ve owned numerous homes before.

If you’re unsure as to which option is better for you, here is a list of the top pros and cons that come with each to help make the decision a little easier:

Custom-Built Homes 


Design your dream home 

Perhaps the most important factor in investing in a custom-built home is the freedom to design it how you want. Designing every room of your new home with an architect, contractor and builders for new homes, you can make your dream home become a reality. 

Whether you want a townhouse, duplex or another type of property, this gives the flexibility to choose.

Make it Modern 

As you’re building your home from scratch, you can add state of the art features. From smart appliances to equipment that you can automate and control, it gives you the ability to integrate cutting-edge technology from the get-go. 

Whether you opt for automatic blinds, motion sensor lighting or another feature, it’s a lot easier to plan these into the design rather than trying to fit them into an existing property.

Lower Bills Throughout the Year

One big plus point for custom-built homes is that they are incredibly energy-efficient. Designed with A ratings on the Energy Performance Certificates, you’ll save more money on your bills throughout the year. 

Many existing homes, on the other hand, are very energy-inefficient, losing much of their heat through their single-glazed windows and doors. 

It Will Be Chain-Free 

By purchasing a custom home, as you’re the first owner, you won’t have to worry about the home having a chain. Taking away some of the stress of buying, you’ll be able to move into the property the moment it’s completed. 

They Come With A Warranty

Most custom-built homes come with a warranty – which you won’t often find with an existing home. An insurance policy that can last anywhere from 10 years to 35 years and beyond, it gives you the peace of mind that you need once you’ve moved in.


It Will Take Time

One consideration that you must make if you opt for a custom-built home, is that it will take a while for your design to come into fruition. Also, sometimes, there can be delays in the construction which pushes your move-in date back – for example, if the weather is poor and the builders can’t work due to health and safety. 

These delays aren’t just inconvenient, but they can also be costly as you’ll have to pay to extend your storage and for alternative accommodation.

It Can Be Expensive

Although, often, the building of custom homes tend to be a little cheaper than purchasing an existing property, they can be additional costs that could send your budget soaring. For example, if you want certain features within your home. You’ll also have to consider the costs of the building materials and furnishings.

The Design Process Can Be Stressful

Although you get the freedom to design a custom home from the ground up, this option might not appeal to everyone. If you want an easy and simple move-in process, you might opt for an existing home that already has all of the interior and exterior designed. 

Ready-Built Properties 


Location, Location, Location 

When buying a ready-built property, you’re buying a home which is already set within a community. Whereas with a custom-built home, you might be on the outskirts of a city or within a new lot which has yet to become established. 

By already being within a neighbourhood, you’ll find that it can be easy to resell your home when you want to move out as the proximity to amenities will be more enticing to prospective buyers.

The Scope For Personalisation

Although an existing home is fixed in its design, there are certain modifications that you can make to put your own stamp on it. From a new kitchen to a simple lick of paint, you can increase its value in the long term. Many people also like transforming a home, buying it in a state which can be revamped to their own style. 

What You See is What You Get

Although, of course, you’ll have to have a complete survey done before you move in, many people opt for a ready-built property as what you see is what you get. Not having to wait for your custom home to be built, you’ll be able to view a house and discover all of its features without the uncertainty of what the finished product will look like.

The Character 

Despite the modern charm of new houses, the character of an existing property simply can’t be duplicated. From sash window to crown moulding on the ceilings, nothing new will replicate the beauty of an older home. These period features consistently draw in buyers, both new and experienced every year.


It Comes With A Chain 

This disadvantage is one that puts off many homebuyers. By purchasing an existing property, you’ll have to wait until the owners move into their next property. Making the process longer and more stressful, the uncertainty of when you can exchange contracts is very off-putting – especially for first-time buyers. 

They Are Less Energy-Efficient 

As mentioned above, existing properties are less energy-efficient than new homes. As they weren’t originally built with efficiency in mind, you might find that you’re spending more on your monthly bills. 

Costly Renovations

Even though renovations and modifications can be fun for many homeowners, they are very costly – especially if you want to make a big addition to your new home, such as adding an extension. 

By opting for a custom home instead, you will have these design decisions already in hand ensuring that you don’t have to get any expensive renovations done in the future. 


Older homes require more work – it’s an unfortunate fact. Especially when it dates back 100’s of years. From holes in the roof to painting and other interior maintenance you need to complete, you could find that you’re always busy sustaining your home.