Buying a new home is a great feeling, but for many people, building the home of their dreams is the goal. There are a lot of things that have to happen before you move into a new custom home, but working with a custom home builder can make the process easier,
Land and Location
If you are considering having a custom home, you need to have a place to put it. Some people may opt to build in a development with other homes and amenities nearby, while others would rather buy a piece of land to build on. In both situations, you will have to consider what is important to you because they both have pros and cons. In the development, the homes are often a particular style that you can customize, while on your own land, you can choose whatever style you like.
Go through all the positives and negatives before you make a final choice on the location, and if you are considering a development, do some research to see what people living there have to say about the area.
Builders and Contractors
When you decide to build in a development, the developer may be the only company able to build on the property. That can be a good thing, but it can also limit you to working with a specific company. If the builder is not a great fit for you, it can be frustrating to not have control of the situation. You can't fire them and get a new builder. Building on your own land means you choose the builder. You can research local home builders and find one that has the reputation of being easy to work with, builds in the style you like, and has the time to dedicate to your project.
Cost of Building
Often the price of the home constructed in a community by a developer is set is a specific range, but can change with changes to the design or the amenities. This is a good thing if you have a tight budget to work within and may be a reason to buy in a community. When you are building on your own land, you have to consider the cost to develop the land, install septic or sewer, drill a well or run water to the property, and get the power onto the site. All of these additional costs may take money from the construction budget and reduce the amount of money left for the home.