When To Hire A Custom Home Builder

custom home builderThe best time to hire a custom home builder is during the early phase of the design process so that they can assist you in monitoring and controlling the cost of the material. Discuss if the custom home builder wants to be paid up front and his preferred payment method. You should also trust your builder to obtain multiple bids from subcontractors as well as suppliers instead of bidding the project to different builders. A custom home will require you to work to a budget so that you can get the full value of it. Custom homes are unique and that means it will be a good idea to have a builder and designer work together on the project so they can both make full use of each other’s experience and knowledge.

Finding A Custom Home Builder

In case you have already hired an expert designer, he or she can help you search for the best custom home builder. Your designer will most likely have existing relationships with builders as well as first hand experience with their communication skills, business practices, and construction quality. Your other resources include local lenders, reputable realtors, Internet searches, as well as your local chapter of the National Association of Home Builders.

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The Role Of A Custom Builder

custom home builder

One of the biggest investments many people will make in their life is buying a new house. Because of this, it is important to choose the right one the first time around. Selecting the best custom home builder for you and your project is critical to its success. Keep in mind that you will most like work with this expert for 6 to 12 months. Therefore, just like in any relationship, you need to build trust and have an honest and clear communication with your custom home builder.

A great custom home builder from Dawol Homes will be your advocate. He will also be an important and collaborative member of your design team. They will work with not just with the homeowner but also the design team to assist in the establishment of a realistic budget for the project at hand. He will also monitor the scope and the cost through the construction and design process.

Responsibilities of A Custom Home Builder

The home builder will manage the subcontractors during the design phase so that the design team will be able to coordinate the important building systems into the home’s design. A good custom home builder will possess advanced knowledge of all the building systems and he will also make sure that the subcontractors will do their work as outlined in the plan specification. The work done must also adhere to the building codes.

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Ready To Build Your New Custom Home?

custom home Myrtle BeachYou have a whole new year ahead of you and 2019 could very well be the perfect time for you to take one exciting project. Do you want to get the home of your dreams? If so then, you should build a new custom home. Although the project remains a challenging endeavor because custom designed homes need a lot of time and effort on the part of the owner and the custom home builders. Are you prepared to take on this kind of project? In case you have questions about the process involved in custom home building, then this post is perfect for you.

Benefits of Building A Custom Designed Home

One good thing about working with custom home builders to build your dream home is that you will have control over nearly everything. It offers several benefits such as:

Personalized home – if you hire expert custom home builders from Dawol Homes, you will end up with a house that looks the way you want and with amenities that you expect to have.

Partner In Design and Building – When you decide to build a custom home, you will be the main decision maker when it comes to designing and building your dream home. You will be working with professionals like architects and builders who will develop plans according to your specifications, making most of the design and building decisions by yourself.

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What You Need To Know Before Having A Custom Home Built

Myrtle Beach custom homeHaving a custom home built is a dream come true for many. However, if it lacks proper planning and research, it can easily become any homeowner’s worst nightmare. With nearly limitless options to choose from, it is very easy to see your budget get out of hand.

Dawol Homes have helped several clients in building their dream custom home and in creating a strategic budgeting plan to make sure they are prepared throughout the construction process. Provided below are a few key guidelines that can help make sure that you do not wind up in over your head.

Who Builds Your Home Matters

Having a custom home constructed is a significant financial and emotional investment. Therefore, it is important to choose a custom home builder that you can trust. Do not just agree to work with the first charming person that you come across with. Choose an honest and transparent builder because he can help you save money. In case you cannot start candid conversations from the beginning about the markups, budget, or subcontractors then you may just have to continue looking for a better fit.

Set A Budget, Know The Scope Of The Work

The more detailed the budget and the plan, the easier it will be for you and your custom home builder to prevent any unexpected expenses. Set an allowance for fixtures. Choose where to purchase the materials and determine the expenses that are not included in the scope of the contract. These are crucial points to talk about because they can significantly change the bottom line for the construction of your home.

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The Essentials Of Home Construction Loans

Myrtle Beach custom homeHaving your dream home built is an exciting experience but your enthusiasm can be tempered easily with the unfamiliarity and intricacy of mortgage loans for a new home construction. Understand the fundamentals of home construction loans and be prepared when the time comes that you have to decide if you want to build your custom home.

2 Types Of Home Construction Loans

Home construction loans are available in two types:

Construction-To-Permanent – You borrow cash to cover the construction costs. Once you move in, the lender will change the loan balance into a permanent mortgage, making it two loans in one.

Stand-Alone-Construction – the first loan you will get is going to be for the construction costs. Once you move in, you will obtain a mortgage to pay for your construction debt. Unlike the first type, this is two different loans.

Construction-To-Permanent Loans

You will have lesser fees to pay because you just have a single closing with a construction-to-permanent loan. In the construction period, you will only focus on the outstanding balance. The interest rate is changing during the construction phase, which means it could move up or down based on the prime rate. In case the Federal Reserve decreases or increases short term interest rates while your house is being constructed, you can expect your interest rate to change.

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The Pros and Cons of Buying A Spec Home

spec homeWhile several people prefer buying a house that someone else has lived in, there are others who do not favor the idea and would like to buy something new. There are several advantages to purchasing a newly built home after all. It needs to be efficient, in good condition, clean, although this does not always happen. Whenever we talk about new build homes, you have two options. The first one is the custom home that has been specifically designed for you, with all the details you want. The second option is referred to as the spec home, which has advantages and disadvantages.

What is a spec home?

Knowing what a Myrtle Beach spec home is important. It comes by different names depending on where you are located. Sometimes it is called a move in ready home, featured home, immediate delivery home, and inventory home. A spec home is a house that was designed and constructed by a builder without any buyer in mind. The builder took the chance that he will manage to sell the house once it is near completion or it is completed. It would seem that the builder is taking a chance here, hoping that a homebuyer will pick the house he has built. Therefore, the architecture is going to be based on a standard plan, perhaps using a design that is well known in the neighborhood that he is building it in. Generally, the fittings will be referred to as contractor or builder grade, although some builders can offer to have them upgraded for an extra price.

Advantages Of Buying A Spec Home

There are three primary advantages to buying a spec home – you can move in right away, the house is completely new, and you can see what you are purchasing.

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Property Taxes Preparation Tips When Constructing A New Home

Myrtle Beach custom homeBuilding a custom home that has the amenities you need is quite different from purchasing a pre-owned home from a real estate building especially when we are talking about property taxes. Without the exact figure based on the historical amount, how will you know how much you need roll into your mortgage or save? This has kept a lot of families wondering about the ongoing costs of homeownership especially when it comes to buying a newly built home. As confusing as it may seem at first, it actually just requires a little untangling. With a little research and legwork, you can have an answer that will relieve you of your stress that is related to your new home’s property taxes.

Property Taxes In Your Location

It does not matter where you construct your house, you will always be required to pay property taxes. If you are new to homeownership, you might not even realize that property taxes differ from one municipality to another. Generally, property taxes are evaluated by the local government, but also have federal and state consideration.

The first kind of tax that goes into calculating any property tax is the millage for your specific jurisdiction. The millage is a property tax that is due for every $1,000 in property assessment; it’s actually presented in the form of a percentage. For example, when your property is evaluated at $200,000, and the mill levy or millage rate is 1%, you need to multiply the $200,000 by 0.1 to obtain $2,000, which is the amount you have to pay for your millage tax.

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Tips For Getting The Best Deal When Building A Custom Home

A lot of people have dreamed about building their dream custom home. However, without proper research and planning, it can easily become their worst nightmare. With the countless options readily available these days, anybody can spiral out of control without any difficulty.

Dawol Homes have helped several clients in creating a strategic plan when it comes to budgeting for their dream home. They know first hand how important it is to always be prepared. To help you achieve your very own dream home, provided below are some of the most important guidelines that can help in ensuring that you don’t end in over your head.

Be Selective When Picking Out Your Builder

Custom home building can be expensive and stressful, and that is why it is important that you choose a team that you can really trust. Do not simply sign a contract with the first charming builder that you come across with. Going for an honest and transparent builder can save you money.  In case you cannot have candid discussion from the very beginning about the markups, budget, or subcontractors, you should consider working with a different custom home builder.

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What’s The Difference Between Production and Custom Home Builders

One of the few questions you’ll be asking first when planning your new home is if you would rather work with a custom home builder or a higher volume home builder, likewise known as production builder.

Both builder types are great options and each can provide an excellent new home for you. The decision will likely rest on the number of choices you wish to have and how much design input would you like to receive during the construction process of your home.

The primary difference between a custom home builder and a production home builder is quite simple.

A production builder can build a community of home according to a library of floor plans, each with a restricted range of options for personalization. On the other hand, a custom builder typically creates a unique home that provides a wider array of design options that is usually built on a single lot.

Here is a list of what you can expect from each type of builders.

Production Builders

The National Association of Home Builders or NAHB said that most production-based home builders offer packages that consist of home and land. They also provide a selection of house plans you can choose from. They also allow home buyers to choose their preferred design or style from a list in different product categories. Lastly, they build homes that are priced especially for luxury, move up or first-time buyers.

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The Best Time For Custom Home Building

myrtle beach buildersWinter is just around the corner and once that is done, spring comes next. It is the season that brings warmer weather as well as new life. But for other people, spring is much more than that. It is also the best time to begin the construction of a new home. Basically, it is the ideal season for completing building constructions faster without having to deal with several delay so you can move in to your new home sooner. If you are planning to build a custom home, listed below are some of the reasons why spring is the best time to begin.

More Daylight

When the summer solstice hits in mid to the later part of June, we begin moving back to winter. What that implies for your home building project schedule is that nighttime slowly falls much sooner as the day gets much shorter. By beginning the project during spring, your team of custom home builders can make the most of their time thanks to more sunlight during the day. However, it’s not only more sunlight that can help you finish your new home on time.

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