Have you always wanted to have a home with a large entertainment area, game room, or perhaps a dance studio? If yes, then a custom home might just be what you need to fulfill that dream.
Purchasing a home is an essential part of the American Dream and it is one of the biggest investments you will make in your life. But the whole experience is made much exceptional if you can a build a house that meets your specification. However, before you start making decisions about your dream home, the first thing you have to do is learn everything about how a custom home building works.
Get Your Finances Ready
Constructing a custom home does not have to be costlier than purchasing an existing or newly built house. With the help of Dawol Homes, you can build a modest custom home, however, getting all the construction materials individually instead of in bulk can increase the price dramatically compared to production houses. The crucial thing you need to remember is that the decisions you make regarding the land you wish to purchase, the quality as well as the design will all make an impact on the total price.
You need a construction loan when it comes to financing a custom home and this type of loan is offered only by a few lenders. If you don’t own a land yet, you need to should the cost of buying the land and the construction of the house. In most cases, you are going to have two closings, and each of these will bring upon settlement fees.
Lenders consider building a custom home as risky and that’s why you must have an excellent credit. You also need at least 20 percent to 25 percent down payment if you want to have higher chances of qualifying for a construction loan. Apart from that, lenders require borrowers who want to build a custom home to have bigger cash reserves to make sure that they have the funds set in place for any issues that may require the extension of the construction period. Additionally, don’t forget about your insurance.
Talk To Builders and Architects
In case you have a specific kind of home that you wish to have, you can begin by looking for architects who are known in your area to have built similar designs. There are a few custom home buyers who would rather find a builder first and ask him to recommend an architect who can design your home while others prefer to do it the other way around. You can also find a build or design firm that can take on the whole project. It does not matter what route you take, what is important is for you to carefully check references, interview possible partners, and check out examples of their work so you can evaluate the quality of their work before you make your final decision.
Begin With A Land And Plan
If you already bought a land, you must talk to potential architects and Myrtle Beach custom home builders at the site and talk about probable plans and issues. In case you do not own any land, there are builders who can assist you in finding a site or they can refer you to a realtor who can help you. It is important to make sure that your land plan and home design match. You don’t want to design a home and then end up finding that the land you purchased cannot accommodate it.
It would be best if your builder will walk the land with you and figure out the extent of preconstruction required including the positioning of the utilities like driveway and septic system.
Check The Neighborhood
A lot of people who construct a custom home think they will never be able to sell it in the future. However, you might wish to relocate to a different place or even construct a new custom home. It is nice to think about the resale value when constructing a home. To be more specific, you should match the general size and the price range of your custom home to other houses in the neighborhood so your house won’t stick out because it is overpriced and oversized.
Avoid Cost Overruns and Delays
Planning your dream home from the ground up including every single detail in between can save you money and time if go for a custom home. Your decisions regarding each detail of your house must be made well before your home’s construction begin so you could lessen the chance that materials will not be available whenever required or that you’ll have to demolish things that have been constructed already so the change you want to have can be accommodated.
Who Should Be On Your Custom Home Building Team?
Building your custom home is a dream come true. It is an exciting yet extremely detailed process that is made of several phases, each of which takes place in a well-planned sequence. Building your new house takes a team of highly trained professionals that focus on your needs. A trade contractor will finish a step in building your house and then pass the project on to the next contractor, all under the supervision and direction of the construction superintendent, hired by your custom home builder. He will take care of these handoffs, make sure that the work done is high quality, and ensure that everyone involved stick to the schedule. The primary members of this team will work together and you. They will take care of your custom home building project every step of the way.
The custom home building process begins with the land. Developers are always trying to find available land that is perfect for a new home neighborhood. That could be an open field, mountainous area, or wooden land with scenic views. A developer could invest years and a massive amount of money to acquire parcels of land, which he or she will assemble into a large site where a new home community will be built. The developer will be responsible for preparing the area for construction. In several cases, the first step includes entitlements. The site may also require rezoning if it will be used for a single family or multifamily home. The developer will also have the site graded for correct drainage as well as erosion control and the installation of roads as well as underground infrastructure.
When the builders buy finished lots, they will be working with an architect, who might be working directly for the custom home builder or for an architectural company, which is selected by the builder. The architect may tailor an existing home plan or design a new one that will work with the lots. He will design the house in a way that it will harmonize with other homes in your neighborhood.
The Custom Home Builder
The company or custom home builder Myrtle Beach that you choose to build your house is an important decision that you have to make. This firm will be responsible for every design phase and construction of your new house. Your home building firm, like Dawol Homes, as well as its key staff, choose and manage the teams of different trade contractors who build every component or system within your house. They will also monitor as well as manage the progress as well as the quality of your house at every step of the construction of your dream home.
The sales consultant will assist you throughout the process of choosing your new house. The builder’s sales team will also help you in choosing the floor plan as well as the model of your home, an elevation, as well as the lot where your new home will be built.
Design Center Consultant
Your design center consultant will assist you in making key design choices like flooring, countertops, and cabinetry. He or she will also take note of all your design and product choices and forward the list to the builder’s purchasing department and construction superintendent.
Your custom home builder like Dawol Homes will assign a key member from their staff as the construction superintendent. He is an expert in each phase of building your custom home. He will work together with every trade contractor, coordinate tasks, schedule inspections, among others.
Throughout the construction process, at least two sets of inspection will be performed. The first one will be performed before hanging the drywall and the second one before you move in.
If you are looking for a reputable custom home builder in Myrtle Beach, call Dawol Homes now!