Who’s Buying Custom Homes?
What groups make up the majority of custom house buyers?
In today’s seller’s market, many people feel that it’s a terrible time to buy a house. In some competitive areas, it may feel like you can buy a house, but not a home: compromises abound, and many people are stretching their budgets far beyond their initial hopes. Plus, with some older homes, buying a house might mean facing large problems with the house after buying.
With existing homes being so difficult to find, many people are turning to home building. Building can entail various levels of customization depending on whether you choose a custom home vs spec home. For those who want a more personalized house, custom homebuilding is an ideal route.
Upsizers
In many cases, custom home builders are not first-time homebuyers (although there are plenty of exceptions!). It’s common for custom home builders to be upsizing, as the price of existing homes increases with competition, especially in areas like Raleigh and Charlotte.
The years of the pandemic have also left people aching for more space, both inside and outside. In fact, many custom builders are purchasing large lots and building relatively small homes on them — a combination that’s difficult to find in existing homes.
Families
The majority of custom home buyers are those with children or who have relatives such as aging parents living with them. Although there are plenty of custom buyers who are young professionals or retirees, the bulk of custom builders are creating a modern dream house to live in with their families.
Building custom allows you to design a home around your ideal lifestyle, instead of having to adapt your lifestyle around your home. Many families incorporate kid’s play spaces or at-home classrooms, as well as plenty of outdoor entertaining space and home offices for the adults!
Specific Desires and Needs
Overall, the main element that the vast majority of custom home buyers have in common is that they know what they want. Many people building custom homes have already tried to find an existing home that checked all their boxes…but to no avail. So instead, they’re building a dream themselves!
From lifestyle choices to the number of bedrooms needed to personal style, buying a custom home allows you as much control as you choose. Custom home interior design is entirely up to the buyer, and there are countless ways to create the home of your dreams, whether you’re wondering how to build a custom home on a budget or whether you’re looking into building a luxury house.
Are you ready to build the custom home of your dreams? Get started with Atmos!
