5 things to consider before constructing a custom home

Real Estate | 26 Jul |

How do you picture your dream home?  Perhaps, a composite yard with a swimming pool, a home library with scenic views, or the one with an exotic home theater. People are very particular when it comes to buying homes because everyone has different expectations and family needs. However, it gets very challenging to settle upon a used property, which meets all of your demands.

Unfortunately, you can’t or is prohibitive to add a personal touch to a Used property, making the home look incomplete. A custom-built home reflects your character, lifestyle, and support your family needs. It gives a chance to build a place from the ground up. It could be adopting eco-friendly practices, playing with colors, or utilizing energy-efficient solutions.

Likewise, you can reap the benefits of technology by opting for the automated lighting system, security alarms, and door locks. Sounds exciting, no? Before making your mind, a little homework is necessary.

Here are five things you shoulder consider before constructing a custom home:

1.   Find a Moving Company

Unsurprisingly, moving out and into a new place is nothing less than a struggle, but don’t let this stop from venture far and wide to find the perfect site to build your new custom home. You might think of picking a location near your old house to make shifting easy, but that’s unnecessary. Feel free to explore distant places no matter how far they are because moving companies have your back.

These companies help you move everything to the new place, taking up all the furniture lifting responsibilities. Similarly, the long-distance movers can bail you out if you are moving to another town or somewhere far away. Look for a reputable company, check their territory, go through online reviews to take a dig at their customer service, and enjoy a hassle-free moving experience.

2.   Keep Up with Numbers

When it comes to constructing a custom home, brace yourself because it won’t be easy on your pockets. You have to crunch numbers to have a clear picture of what you can afford, as running out of the budget is not an option. First of all, understand the difference between building and buying, especially if you opt for financing to familiarize yourself with borrowing differences.

After this, start breaking the budget into categories – land, construction expense, architect, builder charges, etc. Also, don’t forget to allocate 10% of the budget for unexpected costs. Once you have a rough estimate, you can determine whether your savings are enough, or you need help from banks. Keep in mind that home construction lending works differently than a mortgage.

3.   Design for Future

Are you single, married, or divorced? Oddly enough, these questions help you design a home for the future. You might think of adding two bedrooms – one for yourself and another for the guests since you are single.

Similarly, if you are constructing a custom home with your spouse – a double-story home might be a better choice. Although you don’t have children now, there is no harm in leaving space for additional rooms. Building a custom home costs nothing less than a fortune, meaning moving out to a new place after 2-3 years is impossible. Therefore, focus on a design that satisfies your long-term needs.

4.   Pin Down A Location

Everyone has a list of things they want in their home – patio, indoor swimming pool, theatre room, walk-in wardrobe, and much more. But have to go through local building codes and restrictions of the particular area? Surprisingly, every city has its rules and regulations – for instance, you might not get permission to build a swimming pool on 300 yards of land.

Thus, before purchasing the land, opt for a building inspection to see whether your home design is violating local laws or not. Moreover, pick a location in the suburbs to skip the trouble of lengthy commutes or else, even going to a grocery store will seem like a nightmare. Besides, the area and community you live in are likely to have an impact on your lifestyle. After all, you don’t want to surround yourself with a neighborhood full of unsavory characters.

5.   Hit Up a Reputable Builder

Once you begin your builder hunt, you will come across thousands of names. However, finding someone ready to fulfill your requirements will take some time. Start by shortlisting companies that share the same design aesthetics as you. Check references – past work, testimonials, reviews on social media groups, and schedule meetings. Don’t mind treating it as an interview by asking questions as it could be a great help. If you don’t know what to ask, look below.

• Can you meet my completion deadline?

• Have you worked on a similar project?

• Are there any objections to building this home?

Conclusion

You might be having second thoughts over design, budget, or planning. Even if you have taken care of every tiny detail, prepare yourself for last-minute changes. Thousands of pieces come together to make your dream house a reality, and something unexpected can happen. Remember that only you understand your family’s needs. Listen to your gut feeling, consider the five things mentioned above, and build a custom home of your dreams.

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