Jump-starting the construction of your new home is a difficult undertaking. Despite being able to save enough money for several years, a part of you will always wonder whether it is enough. You might even think that you are still not prepared for this huge investment. We recognize and understand the fact that starting the construction process can be very difficult. However, with the right prep work and planning, the construction of your custom home won’t be as scary as you first thought. Provided below are some tips to help get your dream custom home construction project started.
Find The Perfect Location
A lot of people overlook this step. It is very easy to jump through the most enjoyable part, which is to plan and design the house. However, before you can jump into that, you need to find a place where you desire to live. For many people, this choice relies mainly on their family size and their budget. There are some who wish to stay in their existing home right up until their brand new custom home has been completed. However, for many, this is just not possible because of their finances. For many, they would rather sell their existing home and use the cash for the construction of their new custom home. Although this is a good method of saving money, it does not answer the question, “where will you live?”
In the event you wish to sell your house, you have the option to look for an apartment, stay with relatives, or rent a home while your custom home is being constructed. Staying with your relatives is obviously the most affordable option, however, this alternative is not for everybody. If you do not wish to live with your parents temporarily, or the parents of your spouse, you can always go for affordable rentals. They will most likely be smaller than you’ve hoped for, but just remember that you will be living there temporarily. What’s important is that you find a place that’s workable and you’ll see that this option will help you save cash while making sure that the budget for the construction of your new custom home is untouched.
Set Your Budget Ahead Of Time
After finding where you want to live while building your Myrtle Beach custom home and you have started the sale of your existing house if needed, then it is time to set how much you can afford for your custom home. Be sure to make allowances for your daily expenses but make a budget that you will set aside, which you will only use for the construction project. Take note of your budget for the lot, custom home, appliances, as well as the furnishings. After setting the budget, the next thing you need to do is to add more to your set budget so you will have a cushion in case there are unexpected expenses during the building of your custom home.
Construction projects are known for becoming a bit costlier than you have initially planned. Although an excellent custom builder will help make sure that they do their construction within your budget. However, there will always be some things that might come up. Therefore, it is recommended for you to add a bit of breathing room to the budget of constructing your new custom home.
Secure Your Needed Funding
Securing the funds for your custom home construction is a bit different from obtaining loans for a home that’s been built already. Most of the time, you need to get a loan that will cover the expenses during construction and then move into a permanent loan once you have closed on the home. Some people go for two separate loans. They have one loan for building the custom home and another permanent loan that will be used once the home closes. Both options work, however, you need to know what approach works best for you. After determining which one is best you need to start preparing the documents required so you can get the loans you need for your custom home construction.
When you have some ideas for lots, it is time to be more serious regarding your Myrtle Beach custom home design. Identify the things you wish to have for your home and the things that you do not want to have. It is helpful to create a list of the things you need to have, collect pictures of the designs and be really clear when it comes to everything that you do not want to have for your new house. It helps to be specific because it will be a lot easier for your custom home builder to provide you with a realistic budget for the available space that you are searching for and the kind of style that you are interested in. Planning will make it a lot easier for you to share with your builder whatever it is that you are looking for. Begin with the fundamentals like the number of bedrroms and baths. However, continue to be as specific as you can at this phase. Planning early on this stage will make things easier for you later on.
Ask About The Utility Poles and Lines In The Land You Are Buying
This may seem minor but the position of the electrical poles and utility lines on your land can have a huge effect on your custom home design. Knowing where those are placed before you finalize your custom home design plan can help make sure that there are no major surprises once you start building. You don’t want to have a perfect home design only to discover that the utility lines are located on the other side of the land or that the electrical pole is placed in the location where you want to have your garage. Address these minor issues early if you want to avoid major problems during the construction process.
Choose The Best Builder
After knowing what you are searching for, where you want to live, and when you want to have it done, the next thing you need to do is look for the best builder like Dawol Homes. Probably the most crucial aspect of the construction process, a reliable builder can make or even break your dream custom home project. Find the time to look for someone who has an excellent reputation for constructing the types of custom home that you desire. There are several custom builders, however, not all of them are familiar with your desired style or understand what it is that you want to have.
Be sure to talk to different builders about what you wish to have for your new custom home and never leave without getting a list of a minimum of three references who you can visit or call. It is also ideal to check the houses that the builder has built in the past so you can see the quality of their work. Go for a custom home builder who has a proven track record of building top quality custom homes. But be sure that you also get along with the builder. Keep in mind that you will be working with this person for months and that’s why you need to choose one that you feel comfortable working with.
Clearly Convey What You Want
When you have selected the right custom home builder, the next thing to do is to keep an open line of communication. Always remember that the only way for your custom home construction project to be successful is to communicate well with your chosen builder. You need to clearly convey what it is that you want and do not want. Tell them everything and make sure that they understand all of them.
Patience Is Key
Last but not the least, be patient. Construction projects take time and living in a different place that’s not your home can be quite stressful. From securing permits to creating designs to breaking ground, building a custom home will take months and you need to be prepared for that. As long as you stay patient and you have made all the needed preparations to ensure that your home is built exactly according to your specifications, it will all be worth the wait. After all that planning and building, you will have a custom home that is constructed just the way you like it.
Deciding to build a custom home does not have to be a scary process. With research and planning, you can make sure that you are prepared for the construction process. Additionally, a quality and reliable custom home builder with several years of experience, commitment, and dedication to the project, will be there for you.
If you are considering to build a custom home in Myrtle Beach, get in touch with Dawol Homes. Give our office a call now.
3100 Dick Pond Rd # E
Myrtle Beach, SC 29588