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 in Myrtle Beach 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 down in price 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 takes a longer amount of time. Given that, you have to make sure that you have the time and the patience to address the variables that are involved in constructing a custom house. Even the simplest, spec 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.
Can My Marriage Handle It?
If you are building a house with your spouse, you’ll be making a lot of decisions. There will be times when you won’t see eye to eye. This could lead to arguments. Imagine how many arguments you’ll have while the new home construction process is underway.
Do We Have A Stable Lifestyle?
Building a custom home means pouring sweat, blood as well as tears into a place that you will hopefully have for a long time. You will be emotionally attached to your house, which could keep you at home for some time after it’s been built. Is there a possibility that your job or education would force you to move away from your current location? Building a house could mean a lot of work but you won’t be able to enjoy the benefits of all your hard work.
What Are My Wants and Needs?
There will come a time when you have to sit down and come up with a list of your wants and needs. Under “needs,” you have to list the features that your custom home in Myrtle Beach must have like a toy room for your children or a spacious kitchen. Under “wants,” you can list the home features that would be really nice to have, but these mustn’t make or break your overall home building experience. In so doing, you can come up with a budget for your needs. If you have extra cash left, then you can decide which of your wants you would like to include in your home.
Do We Have A Preferred Location?
Search for land for sale in your place and find out what you can expect to pay – the price will vary greatly based on the location. Additionally, know if you can finance the land purchase or if you have to pay cash. You also have to take into account the costs of the location like paying for permits, adding sewer and power hook-ups, as well as any excavation as well as landscaping that should be completed as part of the construction process.
Do We Hire A Custom Home Builder?
Picking out a custom home builder is among the most important decision that you need to make during the building process. You need to do your research and you have to shop around. If you are selecting a custom home builder, search for one who is professional and upfront.
If possible, it’s a good idea to visit the finished houses of the potential home builder and go for the one with philosophies and tastes that are similar to yours. You should also get along with the builder that you want to work with. After all, you are going to be working together for a while and you really have to feel comfortable with the builder.
Have I Weighed The Benefits and Disadvantages?
You should take your time when deciding whether you would like to build a custom home in Myrtle Beach. You have to take into account all of your options. Check out a few of the built houses in your area that are within your price range. Once done, the next thing you have to do is weigh the advantages and disadvantages of buying an existing house.
Although your dream may be to construct a custom house, it might make a lot more sense to buy a home now and just hang onto your dream until you are all set to stick around for a while. If the advantages outweigh the problems of patience, time, and budget, then you are all set to build your own house.
Making a decision as to whether you should build a house means spending your life, patience, and free time on the project for several months. Take your time and weigh all your options before you decide to break ground on your own dream custom home.
Call Dawol Homes if you have decided that you are ready to build a custom home.