If you are planning to build your first custom home, chances are that you are facing many questions and are wondering what first steps to take. We understand that the beginning phase can be overwhelming. To help you with that, we have put together a list of the five most important things to consider when deciding to build your first custom home.
1. Choose the right building
Make sure you choose a builder you can trust. Check for things like how long they have been in the industry, testimonial and referrals, organizations they support, and how much time they dedicate to educate people about the construction process. Building your own home takes time, patience, and engagement; however, choosing the right builder can be a very rewarding experience.
2. Prepare a Budget
You should take a lot time planning your budget. Perform several research end get familiar with the average price for the main building materials such as lumber, steel, electrical, plumbing, etc. From there, you can determine what you can and cannot afford and stick to it. Also, it is highly recommended to allow room for some unforeseen expenses, about 10% of your overall budget, as unexpected issues will arise.
3. Make a list.
Once you have figure out your budget, the next step is to figure out what you expect from your new home based on your budget. Make a list of ALL the things you wish to have, then select those things from the the list that you must have. If there is room for more, choose from the list the things that matter the most for you and your family. Cross-out any things that you wish you can have but that you cannot afford.
4. Lot / Location
The first step in choosing the right lot and location is to talk to a Real Estate agent that can help you find a lot in the location that you desire to build. Then, and before making any buying decision, you must talk to your builder to evaluate if the lot meets the minimum requirements for a safety and solid build. Thinks to look for are soil composition, lot slop, drainage, etc. In addition, consider the costs for city permits, power and sewer hookups and tree removal and excavation.
Watch these videos to learn more about lots.
Once you have figured out what you want and where to build, it is time to start planning. The key here is effective communication. Have several meetings with your builder and designer and don't be afraid to ask lots of questions. Take a second look at your budget, and choose the right contract for your project. (Watch this video to learn more about contract). Log the main points that were discussed during every meeting. Enjoy the building process and always keep a positive attitude.
Writting by Edwin Flores.
Visit our website by clicking HERE or call us at 479.464.7336.