Ready to build your dream home? It’s not an easy process, but it can definitely be worth the work. Here’s what you need to know before building a custom home.
Review Your Budget
Is your dream home just a dream? There are a lot of costs involved in building a house from scratch. These include the land, taxes, design and construction, plus of course, furniture and landscaping. You will likely need to take out a loan or a construction mortgage.
Choose Your Lot Carefully
Just as with any house, the location of a custom build is important. Not only do you want to choose a great neighbourhood, but you’ll also want to look at areas where new homes have already been built so you have a sense of resale value.
Be Prepared For competition
Finding a lot or even a fixer-upper to knock down can be difficult because you’re up against professional builders who have the money, team and expertise to buy lots quickly.
Assemble Your Team
First you’ll need an architect to design your house and a contractor to build it. You’ll also need these experts to help with finding and choosing the right lot.
Building a house is a major undertaking and delays due to weather, issues with construction and scheduling contractors are to be expected. So, set aside two years and celebrate if your dream home is done early.