When building or buying a new home, choosing the right build type is often among the first of many decisions you have to make. So it is important to know the difference between project homes and custom homes to know the benefits of each type.
Project Homes: The Pros and Cons
Project Homes are usually seen in neighbourhood developments with similarly built housing units. Homes in a development are built in large volumes using a single design, allowing developers to produce cost-effective houses in a smaller amount of time.
So while they are available at different price points, project homes generally offer large cost savings for buyers. The speed of building project homes also allows for faster occupancy for homeowners. Although most project homes in Australia feature very basic design, there is a rising demand for architect-designed project homes, so many project homes in the country display good quality while retaining low price.
Although they often cost less, many project homes also offer less flexibility due to the homogenous nature of house plans in a single development. Homeowners have fewer options for finishing, and additional work like extensions or renovations can cost a lot of money, sometimes even more than building a home from scratch.
Custom Homes: The Pros and Cons
Custom Homes are typically designed and built from scratch to fulfil specific needs from a specific client. The design process for a custom home involves heavy collaboration between the homeowner and an architect or building designer.
Because design possibilities are almost limitless for custom homes, many carry the notion that custom homes generally display higher quality and more flexibility. Homeowners get a say in almost everything in the design and building process. You can decide on the type of design, the type of foundation, and on what materials to use on any part of the house, from roof to floor. If you want your home to have environmentally friendly features, building them into the house from the start can save you money, as opposed to having them expensively retrofitted in an existing home.
Custom homes, however, take significantly more time to build. There are more decisions to make and consider, so this leads to more discussions, more variables and unforeseen events during construction, more room for error, and potentially more stress.
This, coupled with the fact that custom homes require a specific set of materials that likely will not be procured in bulk, makes custom home building much more expensive. Building costs for a custom home can fall between $2000-$5000, plus architect’s fees, although architects can also design on a tighter budget if needed.
All About Balance
Your home should have the balance of quality, price, and degree of personalisation that you want. Choose a type of home that best fits your requirements and lifestyle, and more importantly, work with architects and builders that can meet your building needs.
Check out our portfolio to see the homes we’ve worked on. Get in touch with us for your next building project today.