The Things You Need to Know Before Building a Custom Home

 Jun/01/2020      768 Everything you need to know before choosing to build a custom home.

 

Building a custom home has many benefits, it also comes with its own set of challenges. Many buyers set out to find a home they can purchase, only to be disappointed by the available inventory or prices. They then begin the process of looking into building a custom home, only to discover that they would rather purchase a spec home or working with a builder to modify a home in the middle of being built. Here are the most important things you need to know about building a custom home.

1. The process.

Many prospective homeowners don’t know where to start. If you’ve decided that a custom home is the best option for you, don’t start by purchasing land. Instead, use HomeContractors101.com to find a custom home builder. You’ll receive multiple proposals from home builders near you. Go through the process of reviewing the proposals and choose the one that fits within your budget and your goals.

Once you have a builder, they will help you choose the best lot to build the house. You can then find an architect to work with your builder to build your dream home.

2. The competition.

You might find it difficult to find the right lot of land for your home. When the real estate market is healthy, developers will buy up lots of land and builders will buy that land to build on. Builders hope to sell the lot even before the home is built. If you aren’t purchasing a spec home, you may have to compete with builders to find a good lot and increase the amount you want to offer for it.

3. Your schedule is merely a guideline.

Most people building a home have a timeline. They want to get into their new home as quickly as possible, because they’re paying rent somewhere else or outgrown their current home. Unfortunately, your timeline and your builder’s timeline rarely match up. Your builder will provide you with a schedule, but that schedule is more of a guideline than a guarantee. Your move in date can be impacted by bad weather or building issues.

4. Design a home you can grow into.

If you’re fortunate enough to be a young home buyer, don’t build your custom home for your lifestyle now. If you plan for this to be your “forever home” and plan to have children, make sure to build a home you and your family can grow into. Even if you don’t plan to have children, adding more space and family-friendly features can help with your home’s resale value.

5. Don’t move in until the home is complete.

Custom homes can take a while to build, and may run over schedule. By the end of the process you will be ready to move in, but don’t move in too soon. Projects can take a lot longer to finish once you’re living in your home. Try to let your contractor complete your home before you pack your bags.

6. Prioritize storage spaces.

Storage space like closets and kitchen cabinets can have a big impact on your home’s resale value. They also make living in your home a lot easier, especially when you have a family. Ask your custom home builder about adequate storage space.

7. Find the right custom home builder.

Choosing the person to build your home should be a careful decision. Take your time to review your options. By using HomeContractors101, you can submit your project once and get matched with contractors near you who are ready and able to take on your custom build. You’ll receive multiple proposals you can compare to secure the best pricing. In addition to price, you can compare specs, credentials, reviews, licenses, insurance and the feeling you get from each.

Find the right custom home builder for you. Submit your custom home project at HomeContractors101.com now.