Why Choosing a Custom Home Builder is a Safer Option
Are you feeling uncertain about building your dream home in today's highly volatile economic climate? The inflation rates are skyrocketing in Australia. As per Forbes, the annual inflation is at 7% now - higher than the 6.8% in May. That's why it's no wonder many customers are concerned about the financial risks of building a new house in these uncertain times. But fear not! There is a solution that can alleviate these worries and provide you with a safer choice - opting for a custom builder.
Now you must be wondering why a custom home builder is better than a large volume builder. It's because large builders often take bulk orders to maximise their profits. This exposes them to even greater risks when interest rates start to climb. This guide will delve into some common challenges customers face and what makes a custom builder a safer choice. So, let's move forward!
1. BETTER RISK MANAGEMENT
Interest rates significantly impact the overall cost of a construction project. The RBA has kept the interest rate at 4.1%, which is way higher than the 3.6% in March. This increase in interest rates results in high prices of building materials. Large builders, who often take on multiple projects simultaneously, may face challenges in effectively managing costs as per the contract terms.
They have a high volume of projects and financial obligations. Therefore, they find navigating these changing interest rates difficult while staying within the agreed-upon budget for each project. This can lead to potential cost overruns and financial strain for the builder and the homeowner. In contrast, custom builders focus on fewer projects at a time. They are better equipped to manage the risks associated with building costs.
With fewer projects, they give more attention to each project and closely monitor the financial aspects. Moreover, they are more proactive in adapting to changing interest rates and making necessary adjustments to ensure the project remains within budget. Lastly, a custom builder guides you about the potential strategies to mitigate or eradicate any issue that may occur during building construction and ensures the whole process stays on track.
“There is a solution that can alleviate these worries and provide you with a safer choice - opting for a custom builder.”
2. TRANSPARENT COMMUNICATION & ACCOUNTABILITY
Transparent communication and accountability are essential elements of a successful construction project. This ensures that homeowners are informed and involved at every step of the way. However, large builders juggle multiple projects simultaneously. They often struggle to pay adequate attention to the severity of situations such as increasing prices. This leads to a lack of accountability and transparency, ultimately adding additional costs to customers' invoices.
In contrast, custom builders prioritise open and transparent communication as a core principle of their business. They properly understand the importance of informing you about any challenges that may arise during construction, including price fluctuations. They also take accountability for their actions and decisions. This helps to honour the contract terms and avoid unexpected cost additions wherever required.
If price increases occur, they work closely with homeowners to find mutually acceptable solutions. These can be exploring alternative materials or adjusting the project scope to accommodate the budget. Moreover, by choosing a custom builder, you can have peace of mind knowing that your concerns and interests are being prioritised.
3. OFFERS PERSONALISATION AND FLEXIBILITY
Most people love customising their homes to give you a touch of personalisation and grab visitors' attention. But this isn't possible with a large builder! Large builders often operate on a mass production model, aiming to streamline their processes and maximise efficiency. They typically offer a limited selection of floor plans, finishes, and design options to achieve this. This helps them replicate the same design across multiple homes - reducing costs and construction time.
That's where a custom builder rescues you! A custom builder prioritises collaboration and tailors their services to meet the special requirements of each homeowner. They invest time and effort in understanding your preferences, lifestyle, and specific needs.
In addition, they work closely with you from the initial design phase, offering a range of customisation options to create a home that aligns with your vision. So, whether you desire a specific architectural style, unique layouts, or specialised features, a custom builder can accommodate your requests.
4. LESS MAINTENANCE REQUIRED
Choosing a custom builder offers a variety of advantages. One significant benefit is the reduced maintenance required for your new home. When you opt for a custom-built home, you get to select high-quality materials, fixtures, and appliances that are durable and match your choice.
Custom homes are also built with careful attention to detail - ensuring that the construction is of superior quality.
From the foundation to the roofing, every aspect is meticulously planned and executed. This means the likelihood of issues arising in the future is minimum, and that’s something volume builders may not offer you. Moreover, custom builders have access to the latest building technologies and materials. This enables them to construct homes that are designed to minimise maintenance needs.
Better Risk Management
Unlike volume builders, custom home builders can adapt and construct homes on various types of land. This flexibility empowers you with a wide range of options when selecting the perfect loc ation for your dream home. Every plot of land presents unique challenges, but custom home builders possess the expertise to tackle diverse terrain.
Custom builders embrace the opportunity to work with different types of land, including:
SLOPING LAND:
They are skilled in designing and constructing homes on sloping terrain, ensuring a seamless integration of the house with the land's natural contours
WATERFRONT PROPERTY:
Custom home builders excel at creating stunning residences that capitalise on breathtaking waterfront views, blending elegance and functionality
LUXURY HOMES:
Their expertise extends to crafting high-end, custom-designed homes that exude luxury, showcasing exquisite craftsmanship and premium materials.
“Every plot of land presents unique challenges, but custom home builders possess the expertise to tackle diverse terrain.”
CONCLUSION
A custom builder is always desirable because of the multitude of benefits associated with them. These include personalisation, flexibility, and adaptability to changing circumstances. In case of a price hike, a custom house builder clearly communicates potential concerns with the homeow ners. So, if you are looking for a reliable custom builder, Freedom Built is here for you every step of the way.
We ensure all your home-building needs are met within the set budget, so you don't have to deal with any additional financial pressure. All this without compromising on the quality of the work. So, contact us and build your dream home today!