Due Diligence
March 29, 2023
Luxury Single Story Homes
March 29, 2023
Custom Homes Vs Production Homes:
Why Custom Home Builders In Perth Come Out On Top
How to Avoid Delays, Budget Blowout, Compromising on Your Vision, and Chasing Up Builders for Updates
If you’re in the market for building a new home, you may be weighing up the difference between building a custom home and a production home.
Many people are under the impression a custom home build is out of their price range, but are pleasantly surprised when they discover it is actually within reach.
In fact, there are many reasons why you should build a custom home. Let’s take a look at some of them:
1. You create your own floor plan. There’s no limit to what’s available in production homes – you get to create your own design brief with a floor plan that perfectly suits your families vision and lifestyle.
2. You can select your own finishes and materials, and choose everything from the type of roofing material to the flooring. This allows you to create a home that truly reflects your personal taste and style.
3. Custom homes tend to be more energy-efficient than production homes. This is because they are built specifically for your site and climate conditions, which means they can be better optimised for insulation, natural light and cross-ventilation.
If you’re thinking about building a new home, don’t overlook the option of building a custom home – it could be the best decision you ever make!
Production Homes
The key difference you’ll notice when doing your research on production homes is a restrictive cookie cutter approach. You may have the opportunity to choose what colour your tiles, carpets, walls and bench-tops are, but that’s about as far as it goes.
Usually with a production or ‘off plan’ home, what you see is what you get for the price quoted.
It doesn’t include the thought and intent to suit your lifestyle and personality, which is why you see developments in areas that have a very ‘same-same’ feel to the whole project.
They’re still quite nice to look at, and are all complimentary in design and finish, but there’s almost nothing differentiating one home to the next.
What About The Step Up To Luxury?
Now you understand some of the benefits of choosing custom – why is it that some take it that next step further and build a luxury home?
First and foremost, you would choose luxury because it suits your design needs and it’s a passion that you have…
It’s almost an artistic expression and a love for architectural design.
Perhaps you’ve started down the path of building your own home and realise it’s something you only want to do once in your life-time. So you want to make the best of it, now you can build your forever home perfectly unique to you.
Perhaps you love the artistic side, selecting the finishes and putting colours together – and want the best for your family. Because you know it’s something you’ll really love and appreciate each time you notice the intricate detail.
Who Should NOT Build a Luxury Home…
If you’re the type of person that goes to a stone store, and the most expensive $500 square metre stone looks exactly like the $300 a square metre stone – then you don’t need to choose luxury because you’re not going to see the value in the end result.
It really comes down to what you want out of this home and the things you value and appreciate.
It’s like saying, do you want to drink $1,000 Grange or do you want to drink a $12 bottle of Pinot?
Our director, Michael Agostino, for instance is quite happy with his $12 bottle of pinot, but he openly admits he’s no wine connoisseur.
Cost Difference Between Custom and Luxury?
Perhaps you’re now wondering if a luxury home is worth stepping up from a custom?
The good news is it’s not that much of a stretch to the budget.
For example, to take a custom home that costs $1million to build, and step it up to the luxury level with the highest level of finish and specification from floor to ceiling, you’d only be looking at about a 20% increase. So around $1.2M.
And make no mistake, an extra $200k spread over the life of the loan can really make a lifetime of luxury living worth the price tag.
Why Consider Building a Luxury Home.
These are just some of the reasons why building a luxury home might be the best decision you ever made:
1. Luxury homes appreciate at a greater rate. Luxury homes are in high demand and stand out from the crowd, so they make a great investment as they tend to appreciate at a higher rate than traditional homes.
2. A luxury home is the perfect location to host guests. Hosting a small dinner party or a large family reunion? Either way a luxury home provides the perfect environment to impress your guests with the ultimate in luxurious living.
3. Self Reward. We all work extremely hard, if a Luxury home is within your reach and you appreciate the finer finishes, it’s nice to splurge a little sometimes.
4. It’s easier to sell a Luxury home. Being in such high demand, you’ll find they sell quickly and for top dollar providing an excellent return on investment.
5. You’ll find features, materials and finishes you won’t see in a traditional home. Luxury homes often feature gourmet kitchens, day spa inspired bathrooms, and the ultimate in high tech appliances.
6. Luxury homes use only the highest quality materials. You can be confident when building a luxury home only the finest materials are used.
Where To Next?
So there you have it, now you’ve got a good understanding of the differences between custom and production, and what’s involved to step up to a luxury home.
In a recent post I wrote about everything you need to know about building a custom home in Perth, so have a read if that interests you.
For many, custom builds will be just the right balance between luxury and production, so if you’d like to know more or have any questions at all, please give us a call on 08 9446 2822. We’ll be there to help in any way we can, even if it’s just to chew the fat and give you some ideas on how to get more home for your budget based on our years of experience.
Until then, if you’d like some more inspiration or ideas on what’s possible check out our completed projects, or our instagram page.
Or better yet, come and inspect one of our completed luxury homes. It’s a great way to get an understanding of what it feels like to live in a luxury setting.
