If you know anything about us at Dawol Homes, then you have a good idea that we always do our best to make sure that the home-building process is easy for our clients. Building a custom home could be quite complicated, with lots of red tape and hassle. Your experience should be simple and streamlined. To that end, you should consider a turnkey construction by a reliable home builder.
Turnkey Construction and Custom Home Builders
What is turnkey construction?
Turnkey refers to a product that is sold as finished. And that means the burden to complete the project, which includes the legal responsibility for the home’s design and construction, lies on the contractor and not the homebuyer.
How does turnkey construction work?
First, the home builder will meet with you and go over the specifications that you would like to have for your new home. They will then come to an agreement and the construction, as well as the finishes, will be completed before the house is turned over to you. When it comes to the mortgage, you need to be prequalified for a traditional mortgage just like you were buying an existing home.
Are there any advantages?
Turnkey construction allows home builders to make houses faster and more efficiently since they are not waiting around for potential buyers to get their approved loans. Clients will be happy and satisfied with their new houses and not exhausted and frustrated at the end of the whole process. Happy customers will spread the word about their experience and bring in more business for the home builder they worked with. Additionally, a reliable home builder in Myrtle Beach will help create their client’s dream home and make sure their customers get only the best.
How will this benefit the homebuyer?
The primary advantages you will see will be in the most important places when building a new home. These are time and money.
Time – the custom home builder is contractually bound to the construction project until it is completed, rather than you, they have a financial motivation to finish the job as fast and as efficiently as possible. There are contractors who miss deadlines but there are those who do a good job and complete the project in time. Turnkey construction provides you more time to work out a financing option with a bank without the need to deal with the inconvenience of a construction loan as well.
Money – construction loans are a hassle. They’re hard to get and have higher rates than traditional loans. You will get to save a lot of cash if you don’t have a construction loan and you can use that money to give your house the decors, furniture, and appliances it needs. You wouldn’t want to have a new home but have financial problems because of your construction loan.