The U.S. homeownership rate is 67.4%. There has been a surge in homeownership in the last few years. If you have been thinking of building your dream house, it’s probably time to get in touch with custom home builders.
Custom home building is exciting, although it can be daunting. Unlike buying a home, building a new house from scratch calls for quite a number of activities. You’ll have to be fully involved from the first step of laying out the design.
If it’s your first time to consider a custom home, the process might feel overwhelming. Here are some of the things you might need to consider before building your custom home in Granbury, TX.
1. The Location
When building your custom home, you can’t afford to err with the location. The place you choose to build your house should have all the features you desire in a neighborhood, from the amenities to the climate.
Unlike a rental apartment where you can move as you wish, shifting from your home is usually a last resort. It would be best to take your time searching for a location where you need to have your house. Keep in mind that your home’s location will significantly shape your life since you’ll be part of the area’s community.
More importantly, you’ll have to know the local building restrictions and codes in the area you have identified. The codes are different depending on the state you are in. Consider a building inspection to give you insights on the regulations and requirements of building a custom home.
2. Consider Your Finances
Are you wondering the amount it would cost to build your new home in Granbury, TX? Getting an actual estimate with a custom home building is next to impossible! However, working with experts will give you great insights that will help in budgeting appropriately.
It is essential to know your financial situation to establish what you can afford. The good thing is that you can take a construction loan from your bank. Request your contractor to advise on the banks with the best processes and terms before committing to one with ridiculous interest rates.
Financing for custom home building can get tricky. Some lenders are not eager to finance the projects since the risk is more prominent than an already built house, as one can’t be sure of the home’s anticipated value. As such, you might want to have several financing options in case you don’t get the loans as expected.
3. Choosing the Right Builder
When you search for construction experts in Texas, the options will overwhelm you. Yet, it’s not just about getting a builder, but more of getting someone who will fit your needs and wants. The process might take time; it’s worth the wait!
Start by checking out a building company that has done designs that you’d want. Client testimonials and references are a great place to start. You can ask for referrals from your close networks who have built houses recently.
You’ll need to vet builders that you identify before signing any form of agreement. There are some questions you ought to ask your custom builders to establish that you are getting the best. Inquire about timelines, warranty, insurance, and experience.
4. Consider the Size of the House
The size of your dream is a crucial factor to consider when building your custom home. The size will determine the ideal number of rooms. If you have a big family, factoring in several rooms is a factor you can’t afford to ignore.
If you intend to have spacious rooms such as the master bedroom, ensure that your contractor knows about it for planning. You might need to forego some rooms if you don’t have ample space to build your home. Your family will determine the ideal places for a typical house.
Considering that you’ll be building a custom home, you’ll have several options for rooms. You can customize some of the spaces to get your ideal rooms. Liaise with your contractor whether your ideas are applicable given the available space.
5. Don’t Trust the Said Timelines
If you’re living in a rental house, you’re probably looking forward to giving the notice to vacate to the property manager. It’s an exciting period, and you can’t wait to move into the new house. Yet, it’s crucial to wait as the dates given by the contractor are not always attainable.
Recent data shows that custom-built houses take, on average, 12.3 months to complete. Unlike homes built for sale, custom home building takes more time. The change in between the project is a factor that can make builders take more time than expected.
The idea of not knowing when exactly you can move into your new home isn’t pleasing. However, you can talk to your contractor to understand any changes that might cause a delay. From there, you can work with estimates.
6. Decide on the Floor Plan
You’ll be in charge of choosing your floor plan in a custom home building. If you don’t know floor plans and the most suitable for your house, you might end up making a costly mistake. It is crucial to be strategic when it comes to the floor plan.
Involve your contractor to have the best floor plan for your home. You’ll need to factor in each room’s purpose, the amount of space the rooms will take, and the location of spaces such as the kitchen and the bathroom. All these considerations are vital in ensuring that your chosen floor plan is perfect for your home.
Building a Custom Home Is Fulfilling
If you decide to build your own home, the process will be challenging yet fulfilling. You will have a say in every small detail regarding your home. The benefits of building a custom home are incomparable to buying a complete house.
With the right building partner, you’ll overcome potential hurdles easily. You can get your dream home with all the features you desire in Texas and surrounding areas.
Rock Ridge Homes is your ideal custom home builder. Contact us today for quality homes with advanced features for increased comfort, functionality, and appeal.