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Modern Farmhouse
  • Custom Home Bulding Process

Buy or Build? Comparing the Cost of Buying an Existing Home vs. Building a Custom Home

Western New York & Florida Edition

When you’re ready for a new home, the first big question is:
Should you buy an existing home or build a custom one?

At Mōdish Custom Homes, we know this decision is more than just numbers—it’s about lifestyle, long-term value, and getting what you really want out of your next home. Let’s look at how the costs compare in Western New York and Florida.

🏠 The Cost of Buying an Existing Home

In Western New York (Buffalo Area)

  • Average Price: $230–$260 per sq ft

  • Renovation Potential: Common updates include kitchens, bathrooms, and mechanicals

  • Considerations: Aging systems, energy inefficiency, limited layout flexibility

In Florida

  • Average Price: $250–$350 per sq ft (higher near coastal markets)

  • Hidden Costs: Flood insurance, hurricane repairs, outdated A/C systems

  • Inspection Surprises: Moisture damage, foundation issues, outdated wiring

Pros of Buying:

  • Faster move-in

  • Easier financing

  • More inventory in some areas

🏗️ The Cost of Building a Custom Home

In Western New York

  • Build Cost: $300–$450 per sq ft

  • Advantages:

    • Energy-efficient systems

    • Radiant floor heating

    • Modern, flexible layouts

  • Land Costs: Often more affordable in rural or suburban towns

In Florida

  • Build Cost: $275–$425 per sq ft

  • Key Features:

    • Hurricane-rated windows & roofs

    • Elevated foundations in flood zones

    • Reflective roofing & efficient HVAC

  • Land Costs: Higher near desirable coastal regions

Pros of Building:

  • Custom design and finishes

  • Better energy efficiency

  • Warrantied systems and components

📊 Side-by-Side Comparison

Factor Western NY (Buffalo Area) Florida (Coastal/Suburban)
Buy Existing $230–$260/sq ft $250–$350/sq ft
Build Custom $300–$450/sq ft $275–$425/sq ft
Design Control High High
Climate Concerns Insulation, snow loads Hurricane resistance, humidity
Time to Build 8–12 months 10–14 months
Land Prices Moderate to Low Moderate to High
Resale Potential Strong Strong

💡 What Should You Choose?

Buy an Existing Home if:
✅ You want to move quickly
✅ You’re okay with renovation projects
✅ You’ve found the right neighborhood and price

Build a Custom Home if:
✅ You want control over every detail
✅ You’re thinking long-term
✅ You value energy efficiency and modern systems

🧭 Thinking About Building in Florida or New York?

At Mōdish Custom Homes, we specialize in guiding clients through smart decisions—whether it’s building in Western New York or exploring the potential of building in Florida.

📞 Let’s talk about your goals and explore your options.
We’re happy to provide estimates, review land choices, and even help you adapt a design to meet Florida hurricane standards or New York’s energy codes.

👉 Contact Us Today

modishcustomhomes.com/contact
Or call us at 585-687-6852

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