A lot of people have dreamed about building their dream custom home. However, without proper research and planning, it can easily become their worst nightmare. With the countless options readily available these days, anybody can spiral out of control without any difficulty.
Dawol Homes have helped several clients in creating a strategic plan when it comes to budgeting for their dream custom home in Myrtle Beach. They know first-hand how important it is to always be prepared. To help you achieve your very own dream home, provided below are some of the most important guidelines that can help in ensuring that you don’t end in over your head.
Be Selective When Picking Out Your Builder
Custom home building can be expensive and stressful, and that is why it is important that you choose a team that you can really trust. Do not simply sign a contract with the first charming builder that you come across. Going for an honest and transparent builder can save you money. In case you cannot have a candid discussion from the very beginning about the markups, budget, or subcontractors, you should consider working with a different custom home builder.
Set A Detailed Budget And Scope of Work
The more detailed the budget and the plan, the easier it will be for you to prevent unexpected expenses. How much is your budget for the fixtures? Can you choose where to purchase them? What expenses are not included in the contract? These are only a few of the myriad of things you need to discuss with your custom home builder since they can significantly change the bottom line of your construction project.
If you are building a house from the ground up, there will be several decisions that you have to make, many of which you may not have known ahead of time. You need to choose the kind of wood for your floors. Would you rather use wide planks or standard ones? What stain or finish do you wish your home to have?
Expect The Unexpected
Since building projects can easily go overbudget, it is common to set up a contingency cushion. With a custom home, it is best for you to have between 10% and 15% contingency for both the budget and the projected completion date that is included in the contract. Given that, don’t be scared to be assertive. You can always push back if it is necessary. There might be genuine problems that occur during the construction process that can slow things down. However, if those issues are becoming too expensive for you, you do not have to take more of it. You should advocate for your stake during the entire custom home building process.
Look for friends who have been through the whole process of building a custom home or you can ask your custom home builder for referrals. Ask them about their experience.
Shop around and compare to make sure that you always get the best deal. If a builder presents you with a quote, you can always ask another custom home builder, like Dawol Homes, for a second opinion.
Stay On Top Of The Job Site
When your Myrtle Beach custom home is being built, be sure to have someone stop by to check in. You should know the number of people who are working on your project and what all of them are working on at any given period. In case you come across a subcontractor you have not seen before, determine what their work is and how much are you saving by outsourcing the task.
Stay ahead of the schedule that you have control over. Always remember that all those who are in the building industry are extremely busy and that means you are the only one who can really keep track of your project. Let them know that you need everything before the actual deadline. You wouldn’t want things to get done at the last minute.
Call Dawol Homes if you are looking for a reliable, honest, and experienced custom home builder.
Like our Facebook page for more great info about new home construction.
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
Dawol Homes Sales Office
3100 Dick Pond Rd # E
Myrtle Beach, SC 29588
We build homes in: Cypress River Plantation, Waterway Palms, Waterbridge, Murrells Inlet, Collins Creek, Bellwood Landing, Carolina Forest, Plantation Lakes, North Myrtle Beach, Socastee, Surfside Beach, Pawleys Island, Litchfield Plantation