By Jason Boone
In the 2014 Real Estate market home buyers have many options to choose from including pre-sale homes vs. custom built homes.
What’s the difference between a pre-sale home and a custom built home? In today’s post I’m going to break down the differences so you can be a more informed home buyer.
Pre-Sale vs. Custom Built Home
A pre-sale home is a home which a builder will build with the speculation that it will sell once construction is completed while a custom built home is a home which is built on a lot that is already owned by the buyer who ultimately hires the contractor.
7 Differences Between A Pre-Sale And Custom Built Home:
- Builder – With a pre-sale home the buyer has no choice as to who builds their home while with a custom built home they can choose the builder or contractor.
- Lot – When you purchase a pre-sale home your home will typically be built in a planned subdivision compared to a custom built home where the lot can be anywhere where there is a single lot and space to build a home.
- Design – During the process of building a pre-sale home the builder will follow the floor plans which are given to them from the owner while with a custom built home the buyer pays the architect, owns the plans and can make changes in the design during home construction.
- Permits – Pulling permits is part of the process of home construction and during the construction of a pre-sale home the builder will pull the necessary permits while the buyer will be responsible for pulling permits during construction of their custom built home
- Utilities – Every home needs utilities hooked up and with the construction of a pre-sale home the builder is responsible for having utilities installed but with the construction of a buyer owned pre-sale home the buyer will be responsible for having utilities installed at the site.
- Interior features – A homes interior is one of the most important things which will attract buyers and with a pre-sale home the buyer will get to make some changes to the interior features of the home while with a custom built home the buyer will have complete control of what goes into the inside of their home.
- Exterior construction – The reality with purchasing a pre-sale home is that all features of the home’s exterior are decided on by the builder and the buyer won’t have any say as to the paint color, siding etc. while with a custom built home the buyer will have complete control over the exterior construction and be able to make changes to the design of the home on the fly.
To learn more about the advantages of a pre-sale home versus a custom built home, or to view the latest homes for sale in Bend Oregon contact me, Jason Boone, Principal Broke with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or by emailing me.
Thank you for the clear, concise descriptions. Very helpful for new homebuyers.