There comes a time when some people have gone through the tedious and nightmarish process of purchasing a house. That first house is commonly modest but the excitement they felt was memorable. As they go on with their life, they eventually decide to build a custom home. But before anything else, there are a few questions they need to ask themselves.
Can I Afford A Custom Home?
When you are looking at it on paper, it seems like building a custom home isn’t that expensive. Although the numbers you see on paper show an attractive price, you have to take into account the unexpected construction costs of building a home. For example, although lumber may be cheap today, if the build has been delayed, that framing cost could easily go up. And although your land might seem to be all set to build on today, you may discover later on that it still needs to be surveyed. Be sure that you can afford whatever number is on the price breakdown and have enough cash to spend on unplanned costs without blowing your budget. Check the numbers and make sure that you sign on for the price that you can afford.
Do I Have The Time and Patience?
Having a custom home built instead of just buying an existing house needs a longer amount of time. Given that, you have to make sure that you have got the time and the patience to address the variables that are involved in constructing a custom house. Even the simplest, stock constructed house will need between three and six months to be completed. Meanwhile, custom homes could take at least 18 months. In case you are in a rush to get into a house, purchasing one could be the best option for you.