In the fast-paced real estate market of Franklin, TN, new construction homes have been rising to meet the demands of an increasing number of homebuyers. Vacant lots are also available to build homes from the ground up.
If you’re looking for property in this bustling city and prefer a newly built home over an existing one, you’re bound to find a number of excellent choices. But there’s one crucial decision you have to make: should you go for a custom-built home or a production home? This choice is important as it goes beyond aesthetics, impacting your comfort and long-term satisfaction.
Both custom and production homes offer distinct advantages and considerations. Understanding these differences empowers you to make the winning move for your dream home.
Read on to learn more about custom and production new construction homes in Franklin, TN, the pros and cons of each option, and the key factors to weigh.
Table of Contents
Understanding Custom Homes
Custom homes are built from scratch based on your specific preferences and requirements. From the layout to the finishes, every detail is tailored to your vision. This approach allows for complete freedom in design, offering a unique and personalized living space. If you’re considering new construction in Franklin, TN, a custom home might be an appealing option.
Characteristics that differentiate custom homes from production homes in Franklin, TN include:
- Ultimate Personalization: Custom homes allow you to work closely with architects and builders to create a design that reflects your individual style and functional requirements. You can design spaces that cater specifically to your family’s activities and hobbies.
- Quality Craftsmanship: Custom homes often prioritize high-quality materials and craftsmanship. You have the opportunity to select premium finishes and features, ensuring a focus on durability and long-term value. This also often means higher energy efficiency and lower maintenance costs over time.
- Exclusivity: Your home will be one-of-a-kind, standing out in any neighborhood. This uniqueness can also enhance the home’s resale value.
Exploring Production Homes
Production homes, also known as tract homes, are built by developers based on a set range of designs. They are often constructed in large quantities within a development. This approach allows builders to streamline the construction process and offer homes at a more affordable price point. If you’re looking for homes for sale in Franklin, TN, production homes might provide a quicker and more cost-effective option.
Here are some notable characteristics of production homes:
- Standardized Floor Plans: Production homes typically have standardized floor plans that builders can easily replicate. This helps in speeding up the construction process and saving costs.
- Affordability: One of the main advantages of production homes is their affordability. Builders can take advantage of economies of scale to offer these homes at competitive prices, making them a great choice for buyers on a budget.
Opting for a production home comes with its own benefits:
- Cost Savings: Due to the efficient construction methods and standardized designs, production homes often come with a lower price tag compared to custom-built homes.
- Faster Construction: In many cases, production homes have shorter construction timelines, allowing you to move in sooner than if you were waiting for a custom-built property.
Custom vs. Production Homes
Cost considerations
When it comes to choosing between custom and production homes in Franklin, TN, cost considerations play a pivotal role in the decision-making process.
Custom homes often come with a higher price tag due to the personalized nature of the design and construction process. You have the freedom to tailor every aspect of your home according to your preferences, from layout and materials to special features. This level of customization requires more resources, leading to an increase in the overall cost of the home.
On the other hand, as production homes are built based on standardized floor plans, there’s more efficient use of resources and reduced construction costs, often resulting in significantly lower cost per square foot.
Design and Personalization Options
When choosing between custom and production homes in Franklin, TN, design and personalization options are key factors.
With a custom home, you can create a space that truly reflects your unique style. You have full control over the layout and floor plans and you can work with architects and designers to ensure that every room is designed to meet your specific needs. You can choose the materials and finishes that align with your aesthetic vision, from flooring materials to kitchen countertops.
You can also customize the home’s features down to the tiniest detail. Whether it’s a built-in bookshelf, a home theater room, or a dedicated space for your hobbies, custom homes allow you to incorporate unique features that enhance your daily living experience.
You can design a distinctive exterior that sets your home apart from others in the neighborhood, including the architectural style and landscaping design.
Production homes, on the other hand, also offer design options, but within a more standardized framework. While the level of customization may be limited compared to custom homes, there are still opportunities for personalization. Here’s what to consider:
- Pre-Defined Floor Plans: Production homes typically offer a range of pre-defined floor plans to choose from. These plans have been carefully created to make the best use of space.
- Standardized Options: Production home builders often provide a selection of finishes, fixtures, and color palettes to choose from. While the options may not be as extensive as in custom homes, they still allow you to add your personal touch to the final design.
- Upgrade Packages: Many production home builders offer upgrade packages that allow you to customize certain aspects of the home. These could include premium flooring options, upgraded appliances, or additional architectural details.
The Construction Process
The construction process behind a custom and production home are similar in that both types of houses are built from the ground up. However, there are significant differences that can greatly affect other aspects, such as the cost, timing, and preparation.
One important difference is that with a custom home, you may need to get involved in all aspects of the construction, from choosing the architect and contractor and planning and designing the home to choosing the materials and finishes down to the faucets and sinks. Depending on your contractor, you may even need to work on getting the necessary permits and approvals for the construction.
With a production home, on the other hand, your participation in the construction process is often limited to simply selecting the layout and any customizable features offered by the builder. Once this is done, the builder will do most of the work, and all you need to do is wait until the home is completed.
Quality and Craftsmanship
When it comes to building or buying new construction in Franklin, TN, one of the most important factors to consider is the quality of craftsmanship. The level of craftsmanship can greatly impact the overall durability, functionality, and aesthetic appeal of a home.
In Franklin, TN, both custom builders and production builders prioritize quality, but there are some differences in their approaches.
Custom homes often involve meticulous attention to detail, with high standards of craftsmanship. Builders of custom homes typically work closely with clients to ensure that every aspect of the home meets their expectations.
Production homes are built to meet specific industry standards and codes, ensuring a solid, reliable structure. While they might not offer the same level of craftsmanship as custom homes, reputable builders ensure that production homes are built to last.
Quality craftsmanship is crucial because it ensures that your new home is built to last. When you invest in a new construction in Franklin, TN, you want a home that will stand the test of time and maintain its value. Quality craftsmanship can also enhance the overall comfort and livability of your home.
Here are a few reasons why considering quality craftsmanship is essential:
- Durability: A well-crafted home will have sturdy construction and high-quality materials that can withstand daily wear and tear, as well as the elements.
- Functionality: Quality craftsmanship ensures that all components of your home, such as electrical systems, plumbing, and HVAC, are properly installed and functioning optimally.
- Aesthetic Appeal: Attention to detail in craftsmanship can elevate the visual appeal of your home, making it more visually appealing and potentially increasing its market value.
Neighborhood and Location Considerations
When choosing between custom and production new construction in Franklin, TN, the neighborhood and location are incredibly important. The right neighborhood can greatly enhance your living experience and align with your desired lifestyle. Here’s how you can evaluate if a neighborhood is suitable for you:
- Custom Home CommunitiesIf you’re leaning towards a custom home in Franklin, TN, consider neighborhoods that allow for individualized architectural styles and layouts. For instance, if you prioritize being close to downtown Franklin’s historic district, opting for a custom home allows you to find a suitable lot in that area.Typically, custom home builders construct on client-owned lots, but some companies can also help in locating the right plot of land for your home. Your real estate agent can also provide invaluable support in helping you find the right location. This level of personalization ensures that your new home is not just a living space but also a reflection of your taste and priorities.
- Production Home DevelopmentsIf you are considering production homes, explore developments that offer consistency in design and amenities. These neighborhoods often provide a sense of community with shared amenities such as parks, clubhouses, or pools. These conveniences can be appealing, especially for families or individuals looking for a cohesive community feel.Understanding the neighborhood dynamics and envisioning how it fits into your daily life is crucial. Take the time to explore different areas within Franklin, TN to gain a comprehensive understanding of the available neighborhood options.
Making Your Decision
To sum it up, these are the key points to consider when making your decision:
Personal Preferences and Lifestyle Needs
- Daily Routines: Think about your daily routines and how different home features could enhance them. A custom home allows for personalized spaces like a dedicated home office, while a production home might offer functional layouts that fit your needs.
- Hobbies and Interests: Custom homes can be tailored to accommodate specific hobbies with features like home gyms or craft rooms. Production homes often offer bonus rooms or flex spaces that can be adapted for various uses.
- Family Dynamics: Custom homes can be designed with multi-generational living in mind, providing separate living spaces. Production homes typically offer flexible floor plans that can suit most family setups.
- Future Growth: Custom homes can be designed for future expansions. On the other hand, production homes have set floor plans, although some larger models can accommodate growing families.
Budget Constraints and Financial Considerations
- Initial Costs: Custom homes often have higher upfront costs due to bespoke designs and premium materials. Production homes are more affordable due to standardized designs and bulk purchasing.
- Financing Options: Custom homes may require construction loans that convert into traditional mortgages, or separate construction and traditional mortgage loans. Financing for production homes is often arranged by the builder or developer. Larger developers may have their own financing arm and offer builder incentives, streamlining the financing process for you.
- Maintenance and Upkeep: Custom homes built with high-quality materials may have lower long-term maintenance costs. Production homes might incur higher maintenance costs depending on material quality.
Timeline and Construction Preferences
- Construction Timeline: Custom homes take longer to build, ranging from several months to over a year. Production homes have shorter construction timelines, often completed within a few months.
- Project Management: Building a custom home requires more intensive project management and personal involvement. Production homes involve less oversight as the builder handles most of the management.
- Move-In Readiness: If you need to move quickly, production homes are often available for immediate purchase or have shorter build times. Custom homes require patience for the perfect final product.
Resale Value and Long-Term Investment Goals
- Investment PotentialBoth custom and production homes can appreciate significantly in value over time, depending on factors such as location, maintenance, and desirability of the home.
- Market DemandCustom homes can command higher resale prices due to their unique designs, though market demand can vary. Production homes typically have consistent resale value in popular communities.
- Community GrowthProduction homes benefit from the growth and amenities of planned communities. Custom homes might not have built-in community infrastructure but can stand out with high-end finishes.
- Long-Term GoalsIf you see your home as a forever home, a custom build that fits your needs may be worth the investment. For those planning to move in a few years, a production home offers flexibility and ease of resale.
- Energy Efficiency and SustainabilityBoth custom and production homes can incorporate energy-efficient features. Custom homes allow for tailored eco-friendly solutions, while production homes may offer standardized green building practices.
Ready to Find Your Dream Home?
Choosing between a custom home and a production home in Franklin, TN, comes down to your personal preferences, budget, and lifestyle needs. Whether you’re drawn to the uniqueness of a custom home or the convenience of a production home, Franklin offers plenty of options.
Before you start looking for your dream home in Franklin, TN, it pays to consult an expert real estate agent in Franklin, TN. The LCT Team has helped numerous clients find the home of their dreams in Tennessee. Led by Lisa Culp Taylor, one of the top producing Realtors in Tennessee with over 20 years of experience in the area, the LCT is composed of dedicated professionals who will go the extra mile to make sure you achieve your real estate goals.
Allow us to help you find the right home in Franklin, TN. Call 615.595.5883 or contact us here to get started.