More types of buyers are building homes in 2023. According to the National Association of Home Builders and New Home Source, several trends in custom home building will remain popular in 2023. These trends focus on both design and functionality, and they remain some of the best ways to achieve your living space dreams while also optimizing your investment value. Let’s take a look at some of these top trends!
Custom building is for all sizes.
Square footage home size trends are changing in 2023. While the average size of a new home continues to grow, there is a shift towards smaller homes that are more affordable. This is especially true for first-time homeowners and those looking to downsize. These homeowners are looking for true custom home builders who can build their dream home within a footprint that makes sense for them and is easier to maintain and have lower energy costs.
Customization plus efficiency gains.
There are several new reasons why buyers are interested in custom home building versus buying a spec or used home. One reason is that there is more flexibility when it comes to design when you build a home. You can customize everything from the layout to the finishes, which means that the home will perfectly suit your needs and desires. Additionally, building a home allows you to control the energy efficiency and sustainability of the property, which can save you money in the long run. Finally, when you build a home, you can often get a better return on your investment than if you bought a pre-owned home.
Various types of demographics of people are custom building their next home.
Several different types of buyers are interested in custom home building. Some buyers want to create a home that is unique and tailored to their specific needs and desires. Others are looking for a more affordable option than buying a pre-owned home. And finally, some buyers choose to build because they want more control over the energy efficiency and sustainability of their home. Each of these buyers has their reasons for wanting to build, and each of them will have different needs and wants when it comes to their new home.
The southern Appalachian mountain range states like West Virginia and Virginia prove to be excellent for retirement life.
As the population ages, more and more people are choosing to retire in states like West Virginia and Virginia. These states offer beautiful scenery and a slower pace of life, which is perfect for retirees. Additionally, there are many affordable retirement communities in these states, which makes them a popular choice for those looking to downsize. Many retirees are choosing to build their dream retirement home instead of buying one. They’ve had enough experience of the time and cost it takes to transition someone else’s once-dream-home into their own They know many of the small details of exactly what they want from the layout to the finishes, which means that the home will perfectly suit their needs and desires. Additionally, building a home allows retirees to control the energy efficiency and sustainability of their property, which can save them money in the long run. Finally, when retirees build a home, they often get a better return on their investment than if they bought a pre-owned home. So if you’re thinking about retiring soon, consider building your dream retirement home in a state like West Virginia or Virginia. You’ll love the beauty of these states and the relaxed pace of life, and you’ll appreciate the affordability and flexibility of retirement communities there.
More focus on various designs of Craftsman and Farmhouse
The National Association of Home Builders has identified a few home styles that will be popular in 2023. These styles are based on both design and functionality, and they offer homeowners a variety of benefits. Let’s take a look at some of the most popular styles! One style that is growing in popularity is the craftsman style home. This style features natural materials like wood and stone, and it often includes Craftsman-inspired details like exposed beams and tapered columns. These homes are perfect for those who want a rustic look, and they often have an open floor plan that makes them perfect for entertaining. Another popular style is the farmhouse style home. These homes feature a simple, country-style look with white walls and rustic finishes. They often have wrap-around porches, which make them perfect for enjoying the outdoors. Farmhouse-style homes are perfect for those who want a cozy, charming home that is still functional and stylish. So if you’re looking for a new home style in 2023, consider one of the styles that we’ve mentioned above. You’ll love the functionality and beauty of these homes, and you’ll appreciate the benefits that they offer.
From co-family and in-law wings to home offices and home learning spaces, the versatility of a custom home is pulling new customers.
In 2023, many homeowners will be looking for homes with new floor plans that allow for more functionality. For example, home offices are becoming increasingly popular, as more and more people are working from home. Additionally, many families are choosing to homeschool their children, and they need a dedicated space in the home for this purpose. So if you’re looking for a new home in 2023, be sure to look for one with a floor plan that is conducive to both work and learning. You’ll love having a dedicated space for each of these activities, and you’ll appreciate the convenience and flexibility that they offer.
More finance options available.
When it comes to financing a custom-built home, there are several options available to you. One option is to use a homebuilder’s preferred lender. This lender will work with you to create a financing plan that fits your needs, and they often offer competitive interest rates and terms. Another option is to use a construction loan to finance your home. A construction loan is a short-term loan that is used to finance the construction of your home. This loan is typically paid off once the home is completed and the final mortgage is issued. Finally, you may also want to consider using a personal loan to finance your home. A personal loan is a loan that is obtained from a bank or other financial institution. This loan can be used for any purpose, including the construction of a new home. So no matter what type of financing you choose, there are plenty of options available to you. Be sure to work with a lender who understands your needs and can help you find the best financing plan for your new home.
A more stable investment than in the market.
It can be tough to decide whether or not to invest in a new custom build home or to invest in the volatile stock market. Both options have their pros and cons, and it can be difficult to decide which is the best option for you. One benefit of investing in a new custom build home is that you know exactly what you’re getting. You can choose the style, materials, and finishes that you want, and you can be sure that the home will meet your needs. Additionally, custom homes often have a higher resale value than pre-owned homes, so you can be sure that you’ll get a good return on your investment. Another benefit of investing in a custom home is that you can typically finance it using a variety of methods. You may be able to use a homebuilder’s preferred lender, or you may be able to get a construction loan or a personal loan. This gives you flexibility when it comes to financing your home. However, one downside of investing in a custom build home is that it can take longer to complete than buying a pre-owned home. Naturally, with any real estate investment, buying a pre-owned or custom building, there is always some risk and there is no guarantee that the value of your home will increase over time.
It can take less time than most people thought.
Most people think that it takes a very long time to build a custom home, but this is not always the case. In fact, many homes can be built in a lot shorter amount of time than most people expect. Many home builders offer a “fast-track” construction option that will speed up the construction process and minimize the amount of time that it takes to build your home. This option is available for both custom and pre-owned homes, and it can be a great way to get into your dream home sooner. Additionally, some builders offer prefabricated components of a custom home, like the basement wall structure, which can be partially or fully constructed in a factory before being delivered to the construction site. This construction method can significantly reduce the amount of time that it takes to build your home. Today, more and more custom homes are being built in a lot shorter amount of time than you might expect.
Creating a legacy for generations, not just a home.
When you build a custom home, you are not just building a house – you are building a legacy. A well-built custom home can last for generations, and it can be a source of pride for your family for years to come. A custom home is also a great investment. Not only will it appreciate over time, but it will also be easier to resell than a pre-owned home. So if you’re looking for a home that will provide value for your family for years to come, a custom build is the way to go. At Parker Rose Custom Homes, we believe in building quality homes that will last for generations. We take pride in our work, and we are committed to delivering homes that exceed our client’s expectations. If you’re interested in building a custom home with us, please contact us today. We would be happy to discuss your options with you.
For more information, contact our showrooms today at (304) 933-3374 (for Southwestern PA and North Central WV) or (540) 488-9809 (for Roanoke, Lynchburg, Rocky Mount VA region).
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