3 Things To Consider When Building A Custom Home

Posted on: 29 September 2017

Finding the right home can be a challenge. This is especially true in real estate markets where there is low inventory or when the buyer is looking for something unique. Buyers who are very selective in terms of the features they are looking for in a home may also find themselves struggling to find the right property. Custom homes are a great solution for anyone who is unable to find a home that suits their needs. Building a custom home allows homeowners to have control over the floor plan, the style, and the location of the home. However, there are a few things that should be considered before building a custom home, such as:

Cost

While custom homes do offer up plenty of control, it does come at a cost. Custom homes tend to be more expensive than previously built homes. The cost can vary greatly depending on what materials are used and the scope of the construction. Custom homes cost on average anywhere from $100 to $400 per square foot. Financing a custom built home is also different than what many may expect. Construction loans are required and can then be rolled over into a mortgage once construction has been completed on the home.

Time

One thing that must also be considered when building a custom home is the time that it takes to finish construction. Building a custom home requires obtaining permits, preparing the land, and the actual construction of the home. Any changes to the plans or inclement weather can delay construction by days or even weeks. It takes on average 10 to 16 months to complete a custom built home. Homeowners should be prepared for this wait. Construction timelines can be affected by a variety of things. 

The Builders

Another thing to consider when it comes to building a custom home is finding the right custom home builder. A good custom home builder will be able to build a home to the homeowner's specifications. They will also be able to involve the homeowners in the decision-making process when it comes to choosing things like flooring, countertops, and other finishes. The right custom home builders will also be able to give their clients a timeline and stick to it to the best of their abilities. 

When building a custom home there are a few things to consider. Custom homes can be more expensive than homes that have already been built and the financing process is different as well. Homeowners should also keep in mind that it can take upwards of a year to finish a custom home. Carefully choosing the custom home builder is also key when it comes to building a custom home. It's important to find a builder who is dedicated to staying on schedule and on budget. 

Contact a custom home builder for more information and assistance. 

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