Custom home explained

A custom home is a one-of-a-kind house that is designed for a specific client and for a particular location. The custom home builder may use plans created by an architect or by a professional home designer. Custom homes provide consumers with the opportunity to control layout, lot size, and accessibility.

In most cases, custom home builders construct on land the home buyer already owns. Some developers sell fully serviced lots specifically for the construction of custom homes. This makes it easy to build a custom home since the lot is construction-ready and builders can focus purely on the design of the home.

Main types of home builders

Production home builders

Semi-custom home builders

Custom home builders

Fine luxury or estate home builders

Green Home Builders

Industry

Australia

The Construction Industry attributes to being the fourth largest contributor to GDP in Australian economy, employing 9.1% of the Australian workforce.[1]

U.K.

Despite the economic recovery, house building is rapidly increasing. Housing construction grew for a 15th month in April, which is the longest period of growth 2006/07.[2] According to The Times, 13,000 out of 200,000 homes built each year in the UK are self or custom built [April, 2019].[3] Since 2016, individuals in England have had the right to build their own bespoke home.[4] The Right to Build requires local authorities in England to maintain a register of people who want to custom or self build in their area. This legislation was put in place to accelerate the growth of new housing by empowering consumers to create their ideal home built to their specification.

Within the UK there are several routes for custom homes such as serviced plots, customisable homes and collective custom build.

United States

In the United States, the home building industry accounts for $82 billion in revenue with an annual growth of 5.8%. The industry currently attributes to 398,391 employees over 163,843 Businesses.[5]

External links

Notes and References

  1. Web site: Australian Construction Industry. 30 September 2010. abs.gov.au . 2015-03-11.
  2. News: UK Home Construction Industry. The Guardian. 2 May 2014. 2015-03-11. Monaghan. Angela.
  3. News: Byers . David . Self-build housing isn't only for the rich . The Times . 2020-01-23.
  4. Web site: Lees . Martina . Thousands have hit brick wall in quest to self-build . . 2020-01-20. 2020-01-23 .
  5. Web site: Home Builders in the U.S. IBISWorld. 2015-03-11.