If you are thinking about acquiring a property, you have three options. You can either build a custom home, buy an already built home, or work with professionals to modify a house that is undergoing construction. Building a custom home is more beneficial than all other options.
There are some challenges, as well as benefits of building a custom home.
The challenges of building a custom home
The challenges involved when you consider erecting a custom home are:
- Getting a suitable land or location for your property
- Thoughtful and careful planning
- The duration it takes to complete the project
- Creating a feasible budget
- Choosing materials that will be long-lasting and functional, in addition to the aesthetic appeal
- Getting a good custom homebuilder as this is the most essential person when building a custom home.
- Making changes during the construction
- Adding rooms or features that may not be useful to you
- Forgetting how you intended to make use of some space
Benefits of building a custom home
The benefits of building a custom home outweigh the drawbacks. That is why people prefer building custom homes. ParamountPMR.com shares some of these benefits:
- It is cheaper than buying an already built house and owners are able to control the budget
- They are customized according to the owner’s specifications in other to suit their lifestyles and meet their needs
- It can be built at the owner’s choice location
- The owner can maximize the space and functionality as they choose to
- It can be constructed to meet future needs
- Potential homeowners have the option of using high-quality materials for their house
- It is the best option for those who have privacy concerns
- They have more value than prebuilt homes
- Custom homes are enduring legacies that are built to last
Things to think about when building a custom home
1. The land
When building a custom home, the first thing you should consider is finding an appropriate land for your house. The location you choose will go a long way in determining your home, both aesthetically and structurally.
The properties of the land that will affect how you build your custom home are: the size of the land, soil quality, zoning issues, availability of amenities, need for demolition, the average value of homes in the area, style of other homes in the community, proximity to neighbors, presence of trees, topography, climates, etc.
2. The design
Here you have a chance to design your home according to your taste. This allows you several options and you can work with your architect to achieve your goals. During this process, you can add any feature to suit your lifestyle.
Before you settle for any design, you should know the cost implication and compare it with your budget in other to avoid misalignments. If you choose a setup without knowing the cost implication, it could result in overspending.
Other things to consider here include researching the design options (modern, European, contemporary, transitional, and traditional), compiling design ideas or architectural elements, and separating your needs from wants.
3. The budget
When you are budgeting for your custom home, you should know the cost associated with it. Always work hand-in-hand with your custom home builder to assist you in this aspect.
Things you should consider during budgeting are:
- The land – after purchasing the land, there may be additional costs. This could be from the topography, soil type, or landscape. Building on a steep slope, blasting rocks, or tree removal can add extra costs to your budget.
- Interior design – interior design can make up a significant part of the budget, depending on your preference. Consider the painting, walls, flooring, cabinets, and light fixtures.
- The floor plan – When choosing a floor plan, it should be one with enough space but remains within your maintenance budget. Larger spaces attract extra maintenance costs.
4. The financing
Custom-built homes are not financed the same way as prebuilt homes. You can not use a mortgage to finance a custom home. Instead, you should consider a construction loan. Construction loans are very suitable for the risks of building a custom home.
In a nutshell: Things to Think About When Building a Custom Home
Potential homeowners have different options when acquiring a home. This includes building a custom home, buying an already built home, or working with professionals to modify a home that is undergoing construction.
Building a custom home is the most beneficial option, although it has a few challenges. The challenges of building a custom home include time, planning, budgeting, modifications, choice of location, materials, and builders.
The things to think about when building a custom home are:
- The land
- The design
- The budget
- The financing
If you are thinking about building a custom home, we advise that you choose professional builders who will guide you throughout the whole process. They will help you navigate the challenges involved so that you can achieve optimum benefits.
At Crystal Creek Builders, we have more than 30 years’ experience building more than 700 custom homes in Prescott, Arizona, and have earned a five-star customer satisfaction rating. Feel free to reach out if you have any questions. We look forward to meeting you!
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You deserve a Crystal Creek home.