Building a custom home is an arduous process, but one that’s worthwhile if you have the time and budget. According to CoConstruct, the profit margin on custom homes grew from 16.9% in 2019 to 18.3% in 2020. However, a custom built home requires in-depth planning, budgeting, and an expert crew of home builders.
Step 1: Budgeting
Budgeting is when the dreams of your custom home meet the realities of cost. You have to figure out the cost of the land you’ll build on, the taxes associated with it, what loans and mortgages you qualify for, the cost of a custom home builder, and more. Architects, licensing, and inevitable problems with the build will also require your financial attention. Take your time and delve into every single cost, even if it’s just a possibility. Your wallet will thank you.
Step 2: Pick a Location and House Plan
Now it’s time to get to planning the actual house. First, you need a piece of land to build on. While picking your dream location, factor in soil conditions, drainage, zone permits needed in the area, and other local codes you’ll need to adhere to during the build.
Once you have a location chosen, you can build a plan for the home. Talk with architects and designers to get a blueprint set up that you are satisfied with. Make sure it’s a space that’s suitable for your lifestyle. Figure out how many stories it will be, what the style will be in the individual rooms, and which features you’ll add. Again, take your time. This is your dream home, after all.
Step 3: Choosing your Team
Once the generalities are out of the way, it’s time to assemble a team of custom builders. You will need a general contractor, architect, interior designer, landscape architect, and possibly lawyers and accountants to help you with red tape and budgeting adjustments. Get recommendations from loved ones or other trusted individuals. Research builders and designers online, and meet them in person to make sure you totally trust them with your home. Once the team is selected, you can get to work materializing your custom home.
Building custom homes requires a lot of money, planning, and work. You need trusted individuals who understand your vision and can execute it to a high quality. If you need help bringing your dream home to life, contact the pros at James David Custom Homes.