Many people make the decision to build a custom home, rather than purchasing a home from someone else, and it can be very exciting, but also expensive if you aren’t smart about it. Building a new home is a big investment, both with time and money, make sure you are spending your money and time wisely. If you’ve made the decision to build a custom home, or are considering it in the future, keep in mind these tips.
Have the Details
Before you even start building, make sure all the details are in place! This includes knowing how the floor plan will look, and the design of different rooms. There are many decisions you will have to make when building a brand new home. So, before you start construction, be prepared. You’ll be picking out floor types, colors of tile, the size, the pattern, the wall colors, what cabinets to use, what faucets to use, etc. You’ll want to have all these details planned before building so that you aren’t holding up your contractors because you are stressing over how you want the bathroom to look.
Think About Resale Value
Even if you think you’ll never sell your home, it’s safer to assume you will someday. As much as we’d like to think we can predict our futures, we aren’t always accurate. Of course, it’s your custom home, so build it to fulfill your dreams, but consider future owners and things that may turn people off, therefore lowing the value of your home. If you do ever sell, you want to get as much for it as possible.
Don’t Build too Big
You might look at big beautiful mansions and think you want the same thing, but that might not be what is right for you. You need to think logically about the size, and layout of your new home. What may fit your needs now, may not be right for you in 10 years, or even next year. Your custom home is a big investment, make sure you plan not only for the present but the future as well.
Think About Your Mortgage
Stick to what you can afford. There is always the option to add to your home later. You should always start with a realistic home, and then add on what your budget allows. This doesn’t mean you have to sacrifice all your amenities, but stay reasonable. In other words, don’t go “crazy” picking out a bunch of expensive add-ons that are going to make your mortgage skyrocket if you can do without them.
Occasionally visit the site during construction to check up on things. By doing this, you can make sure your expectations are being met, and talk to someone if they aren’t. If you are unhappy with something, it’s always best to speak up. Otherwise, you may end up paying to fix something when it could have been done the way you wanted it in the first place.
When you’re ready to build your custom home, make sure you hire carefully and use a licensed contractor. If you’re ready to build the home of your dreams, our team is ready to help!
“Let’s Build Your Future Together”