To me, I PROBABLY wouldn't buy someone else's build....unless:
If, for example, I knew the person well who did the build, and knew that they were meticulous and did everything "right" to the extreme, and IF they were mods that I would want myself, and IF the price was right.....then sure, I'd do it. I'd say there's less than a 1 percent chance of that happening.
On the other hand, buying ANY used vehicle poses a slight risk, as you usually don't know about the prior owners driving habits, or maintenance, etc.. Even the "Pre-Owned Certified" and Carfax stuff is a complete crapshoot (I speak from personal experience here....believe me). I bought a high end German vehicle that was pre-owned certified and had a clean Carfax, and when I went to trade it in found out that it had been in a wreck. After a considerable amount of legal action and a settlement which I'm legally bound not to disclose I finally got compensated for the loss....but my point is that all that stuff is "iffy". I certainly know how to do an inspection for collision damage now

Courtesy of hard-knocks U.
The BEST situation when buying used is knowing how to inspect the vehicle yourself (or have someone who is highly qualified and you trust do it for you). When you add in the "build" components as referenced in this thread, I think you'd have to be able to inspect each and determine whether or not it was properly done. I am certainly not qualified to do that myself, so I likely would never buy someone else's build unless it fit into the exception I stated above. I also insist on seeing a maintenance history record (preferably from the dealer).
I guess if you're not like me though, and could properly inspect the mods (assuming they are ones you'd want anyway), then I'd think you could save a ton of money buying someone else's build.
The last point I'll make is that I don't think most of the people who do builds are really in it purely for the "function" anyway (donning my asbestos suit now). I think the build is "mostly" their hobby, and the vehicles they build spend more time inspiring awe in others than they do on the Rubicon trail. That being the case, why buy someone else's hobby, when in reality you want to create your own? It's kinda the adult version of building model cars. Nobody buys model cars that are already built, 'cause the fun is in building them. Nothing wrong with it, it's a cool hobby.
I'm a professional photographer, so to me any "build enthusiast" who buys someone else's build is kinda like me buying someone else's photography. I would never do that, as I am an artist myself and enjoy the creative process more than the end result. Just sayin'.