6 ADVANTAGES OF CUSTOM BUILT HOMES

custom homeYour newly build custom house is more than just a simple building. It is your home where you can escape all the stress and pressure from work and make lasting memories with your family. Since you will spend a lot of time in your house relaxing with the people you love, entertain your friends, and enjoy your hobbies, it has to be a special place that will fulfill your unique needs, reflect your personality, and match your lifestyle. When the time comes that you have decided to move to your forever home, one of the most important decision you need to make is if you will purchase an existing home or build custom built homes from the ground up.

Listed below are six benefits that can help you understand the advantages of building a custom home.

Customized Options

Building a custom home Myrtle Beach will give you the power to make choices. You will have the freedom to choose everything you would like to have in your house such as the appliances, wall, floor coverings, custom cabinetry, trim, and amenities. In case you are not a fan of granite and would like hand painted tiling in the kitchen, then by all means, go have it. Do you prefer natural light? Do you want skylights installed in each room? From ceiling to floor, exterior and interior, you are in charge of every single detail that goes into building your new home.

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Stay In Control By Building Your Own Custom Home

custom homeCongratulations on your endeavour to build your own custom home. While this venture is an exciting experience, it’s crucial to note that you have to remain involved in the process. When you build your new custom home, it must not be a passive exercise.

You have to make a lot of decisions and if you’re unable to do so, you may think of asking your custom home builder to make it for you. If you do this, you may end up with a result that isn’t what you hoped for. To be sure that your new custom home fulfils your vision, here are some guidelines to keep you involved in the building process.

Guidelines When Building Your Custom Home

Know Your Contract

Regardless of the type of contract you sign, you will be one of the parties in a legal document wherein a huge amount of cash is involved. Therefore, it’s important to know what your rights are so you can exercise them.

Begin by reading your contract thoroughly and make sure that you understand it. Keep in mind that you’re paying for the abilities, experience, and knowledge of the builders. Additionally, you’re paying them a profit on top of their expenses. So, what you want in return? How do you make sure that you get what you want? All of the parties’ expectations must be presented and detailed in the contract.

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New Construction Home Features You Need To Know

custom home Myrtle BeachA home is considered as a custom home is one that is built and designed with you and your family in mind. You can make have it built according to your preferences. You have endless options but your budget and imagination are the factors that limit you. This is where a lot of people get stuck. If you decide to design your custom home, you should start by imagining all of the amenities of your new construction home that would provide you the home that you want.

Your luxury custom home Myrtle Beach must reflect your personality and preference. Here are some inspiration that you may want to consider.

Custom Home Features

Entryways

When you enter the front door, you want to impress your guests so you need to make sure that you have a unique entryway. You can do this by choosing statement pieces that are appealing and welcoming. It’s also a good idea to consider custom built nooks and shelves.

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What are the tax credits for new custom home construction?

custom homeDo you want to build a custom home? There are different tax credits for new custom home building that could help alleviate some of the construction costs.

There are two kinds of tax breaks that are available for you. They are tax credits and tax deductions. A tax deduction will lower the amount of your annual taxable income while a tax credit will deduct a specific tax bill amount dollar for dollar.

As you can see, it’s more valuable to have a tax credit. Listed below are some of the tax breaks available for owners of custom homes Myrtle Beach.

Construction Loan Interest

During the first 24 months of your construction loan, you can take out the interest payments from the tax bill. But this will only apply if the finished custom home will be your main or secondary home. It will also apply to the first $1 million of the loan. In case you are married and you’re making separate filing, the amount will be lowered to $500,000.

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Custom Home Builders Scramble As Demand For Single Family Homes Soar

custom home

U.S. custom home builders began construction on houses at an annual rate of 1.67 million by the end of last year. The figure represented a 5.8% increase from the past month’s numbers, as per the report released by the U.S. Census Bureau.

Meanwhile, the permits for new houses happened at an annual rate of 1.71 million, which marks a 4.5% increase. Housing starts increased by 5%, while permits marked a rise of 17%. It was by far the highest permits and housing starts recorded since 2006.

Both of these numbers were higher than the figures expected by industry analysts, which reflected a growth in the single family custom home sector. Meanwhile, economists anticipated housing starts to happen at a rate of 1.56 million while building permits to occur at 1.61 million.

The growth in this sector propelled the increase in building permits and housing starts. In terms of months, single family starts increased by 12% while permits were up 7.8%. Meanwhile, multifamily constructions dropped by 15.2% while permits in at least five units decreased by 2%. Permits for building duplexes, triplexes, as well as quadplexes fell by 11.5%.

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What Are The Difference Between Tract Builders, Spec Builders, and Custom Builders?

custom home builderIn the building sector, there are many different kinds of home builders. Most of the time, spec home builder, tract home builder, and custom home builder are often thought of as one and that’s why it’s hard to fully understand what kind of builder you need for your project or home.

What is a custom home builder?

A custom home builder Myrtle Beach builds unique houses on their client’s chosen lot. They may provide both design and build services or simply general contracting solutions. They can build luxury features in houses like larger doors, taller ceiling, and bigger room sizes. The homebuyer could make sizable changes such as the addition of a new garage, different custom rooms as well as extra bathrooms. Building a custom home offers possibilities to make a home that will meet your preference and fit your lifestyle.

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What Are The Latest Trends In Custom Home Building and Renovation?

custom homeCreating a personal space is one of the primary reasons behind building a custom home and that’s why it should depend much on trends. But for the purpose of education, here are the trends in custom home construction and remodeling.

Custom Home Building and Renovation Trends in 2021

Natural Selections

Gray, white, as well as wash-wood finishes are returning to the forefront. Consider fumed woods that have a matte finish or sealed only flooring. You should also think about limed or bleached wood finishes. If you are going for a more exotic look then you should count in engineered products.

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SHOULD YOU BUILD, BUY, OR RENT YOUR FIRST HOME?

custom homeIf you are thinking of buying your first custom home, there are several things you must consider. You have to decide whether to purchase or continue renting for now. If you believe that becoming a first time home buyer is what you want, you have to determine whether you need to purchase an existing one or build a Myrtle Beach custom home from the ground up. Take a look out the pros and cons of every option before you make a decision.

Renting

There are some individuals who benefit from a home rental. This might describe you, for instance, you need flexibility or maybe you have to move from one location to another because of your job. This holds true if you love to travel and live in different cities every few years.

There are several reasons why people prefer to rent. If you do not have extra credit or cash, making a down payment on a home can be difficult. Knowing for a fact that your landlord will take care of any broken appliances or repair a leaky roof is enough to rent rather than own.

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All You Need To Understand About Your Custom Home Builder

custom home builderBuilding your dream custom home is among the biggest investments and decisions you’ll ever make in your life. Although purchasing an already existing house is far easier and less stressful, choosing to build your own custom home allows you to choose your own design and add elements that you believe will benefit you and your family in the years to come.

You need to expertise of a custom home builder. However, it’s difficult to choose the right one given that there’s a lot of so called experts offering their services these days.

 

How Can A Custom Home Builder Help You?

 

A custom home builder Myrtle Beach will manage the subcontractors and coordinate the project from beginning to end. You’ll work closely with this professional. He’ll update you of the project’s progress, any delays, costs, and etc.

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7 Cost Saving Tips When Building Your First Custom Home

custom homePurchasing a home is one of the biggest investments you’ll make in your life. By budgeting properly, your custom built home while saving a bit on some aspects. You know how things can easily add up and that’s why you need to know where you can save up.

Saving Tips When Building A Custom Home

Create a budget and stick to it.

The first step is knowing how much you could afford to spend for your custom built homes. It may be tempting to spend more than what you could afford when you’re purchasing a home but always keep in mind that you created a budget for a reason. There might also be certain expenses at the end of the construction that you might not have expected from the start like new blinds/shutters, furniture, and other types of décor.

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