How To Choose The Perfect Floor Plan?

custom homeChoosing floor plans for new custom homes could be an exciting process. As you begin to go through your options, it’s crucial to know how you and your family will use the space and how it would fit your lifestyle. The perfect floor plan would enhance the way you experience your new custom home, and everything from its style to its shape must be accounted for. You may find your options overwhelming, but there are some tips to help you decide which house plan is the best for you.

The Perfect Floor Plan For Your Custom Home

Size

The first thing you need to consider if you are choosing a house plan for your custom home Myrtle Beach must be the size. You should not run the risk of under or overbuilding your house. As you start browsing plans for your custom home, spend some time to create a wish list that you want your custom home to have. You need to know how many bedrooms you want or if you would like to have a formal dining room, and what kitchen design would suit you best.

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Why Build A Custom Home

custom home“To build or not to build,” a question that a lot of homeowners ask when trying to figure out whether to purchase an existing home or have a custom home built by a custom home builder in Myrtle Beach. There are a few benefits associated with purchasing an existing home compared to having a custom home built. A few notable ones include the fact that it is already move in ready and some existing houses come with a distinctive history and could be quite nostalgic.

But, an existing house also has its own set of disadvantages. It is generally not constructed to suit everyone and it may not meet your standards. There is also a big risk that when you buy a house, you’ll find out that it has a long list of maintenance and repair issues. Existing houses don’t commonly come under warranty like a new custom homes do.

Do you want to learn more about custom homes? Read on.

Benefits Of Having A Custom Home

Complete Personalization

The most important benefit of having a custom home is that you will have the opportunity to get what you want. With a cookie cutter home, you won’t be get a home that suits your personal preferences. Even if you find one, you’d have to search through a lot of houses before landing on the perfect one. Even after doing all the tedious search, the possibility for complete satisfaction isn’t good.

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Custom Home: Building A Retirement Home For Aging In Place

custom homeThousands of baby boomers are reaching their retirement age every day and it is pushing the demand for design features accommodating aging in place in an upward trend. In case you are thinking of building a custom home for retirement, you need to have a house plan that includes essential age in place features, which will allow you to live in the house throughout your gold years without having to worry about remodelling.

In case of building a custom home for aging in place doesn’t seem like a very exciting task, then you will be pleased to know that adding in some age in place features won’t prevent you from constructing a luxurious and modern house that you will love to live in the in the years to come. With the correct build, these features won’t even be that noticeable.

What is aging in place?

Aging in place means you will be staying in your own house independently and safely as you grow older. The National Aging in Place Council said that over 90% of older adults would like to age in place in their very own homes instead of moving to senior housing. But, a lot of their houses would need expensive adjustments.

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Is Building A Custom Home The Best Choice For First Time Homebuyers

custom homeWho doesn’t like the smell of something new? People love everything new. Does that apply to having a new custom home, too? They increase in value much faster than a house that’s already existing. But, they tend to cost more per square foot to construct or purchase than an existing home.

Everything inside a new home is brand new. Since you will be the first one to use the amenities, there is a chance that it may not be as trustworthy as the ones that managed to withstand the test of time. This is one of the things that are the points of debate when it comes to purchasing or building a custom house versus purchasing an existing home. There are positive points to each option but they also have their own set of disadvantages. First time home buyers must consider everything especially because it’s their first foray into the home buying game.

The Perfect Custom Home

Many homeowners believe that they can have their perfect dream house. But that’s not the case in real life. The reason has nothing to do with your budget but it all boils down to your needs, tastes, and vision, which tend to evolve, especially if you are a first time home buyer.

So what may seem to like a good idea one minute ago may come up short a few hours after.

Don’t Get Caught Up In The Excitement

New construction can be exciting. However, many first time home buyers get caught up with the thrill of making something that’s unique. In many cases, they end up realizing that their plans didn’t make any sense and didn’t relate to how they enjoy their houses. They may end up spending a lot on certain designs or features that they don’t need.

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The Essentials of Home Construction Loans

custom homeHaving your dream home built is an exciting experience but your enthusiasm can be tempered easily with the unfamiliarity and intricacy of mortgage loans for a new home construction. Understand the fundamentals of home construction loans and be prepared when the time comes that you have to decide if you want to build your custom home.

2 Types Of Custom Home Construction Loans

Home construction loans are available in two types:

Construction-To-Permanent – You borrow cash to cover the construction costs. Once you move in, the lender will change the loan balance into a permanent mortgage, making it two loans in one.

Stand-Alone-Construction – the first loan you will get is going to be for the construction costs. Once you move in, you will obtain a mortgage to pay for your construction debt. Unlike the first type, this is two different loans.

Construction-To-Permanent Loans

You will have lesser fees to pay because you just have a single closing with a construction-to-permanent loan. In the construction period, you will only focus on the outstanding balance. The interest rate is changing during the construction phase, which means it could move up or down based on the prime rate. In case the Federal Reserve decreases or increases short term interest rates while your house is being constructed, you can expect your interest rate to change.

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Why Winter Is The Perfect Time To Build Your Custom Home?

custom homeWinter is the best time to start building your custom home. Listed below are a few reasons why you should think about starting your project now.

You can make sure that the design process is just right without needing to rush through it.

A nice weather isn’t essential to designing your dream custom home. However, you can expect that it will take time. If the duration of the nice weather is coming to a close in the summer or spring, you may be tempted to hastily decide about the design, to make sure things move along. But during winter, you can take your time and be sure that you make the right choices.

Choose a lot that looks great in summer and winter.

Custom home builders in many cases, see situations wherein the homeowners select a lot that is based on summer conditions. Then, the homeowners feel disappointed come winter. During season, you will get a chance to evaluate possible lots at their worst conditions. How does water run through or is it pooling? Are you going to get some sunlight with the low winter sun?

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Planning A House With A Mother In Law Suite

Dawol Homes Custom HomesHow do you find the best plan? How can you find the perfect plan for you? Provided below are some tips to help you get started in finding the perfect plan for a custom home with a mother in law suite.

Will A Tract Home Builder Add A Mother In Law Suite?

You might be wondering what a tract home builder is. These professionals build neighborhoods that are filled with houses in your area. A few of them are national firms while others are more local to simply a state or maybe two. They are also known as mainstream builders or cookie cutter builders.

The issue with basic plans made by tract home builders is that many of them do not include in law suites. The majority of them commonly have two master suites and they think that they are enough. So what will you do if the tiny bedroom on the main level just won’t cut it?

You can ask the tract home builder if you can add a mother in law suite. Do not be scared to ask and you will be surprised how some builders who are set on just building specific plans, do not really mind if you want to make additions to the plan. They just need the base house plan to be one of their own.

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10 Red Flags When Hiring A Custom Home Builder

custom home builderWhen you are looking for a custom home builder to help you build your dream house, there are some important characteristics that you need to be looking for. However, apart from searching for the best traits, there are 10 red flags that you also need to watch out for.

  1. The custom home builder asks for a sizable initial deposits or down payments before they start working on your custom home.
  2. The custom home builder does not provide any written contract. In case they do, what they present is a poorly written one.
  3. The builder offers a price that is seems too good to be true. In most cases, the state price is way lower compared to the other bids you have received.
  4. The builder cannot provide a clear work history.
  5. The Myrtle Beach custom home builder cannot or will not give a complete estimate.
  6. The builder depends mostly on allowances for their final bid.
  7. They use high pressure sales strategies.
  8. There exist several unresolved claims from the Contractor’s Board.
  9. The builder cannot provide proof that he or she has insurance.
  10. The custom home builder says your house, once built, will be used as part of their marketing strategies, and that is why you will be provided with a low rate.
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5 Things To Prepare Before Building Your New Home

custom home builderThe process of building a custom home starts long before the foundation is poured. The construction process is exciting and most efficient when you first create a good plan and find a competent and honest custom home builder. If you wish to avoid expensive mistakes during the construction process, you need to start with five crucial steps. When you move from a dream house to your real house, make sure that you ask questions and then share the progress with those who have already gone through the process.

Plan The Budget For Your Custom Home

Start considering the budget the moment you’ve begun to think about building your custom home. Create a realistic idea of the amount you can afford to spend and the amount you need to build a new custom home. The budgeting period is about creating a balance between what you want and a realistic evaluation of exactly what you could afford.

You will most likely need a mortgage and a . It is not too early to determine how big a loan you could qualify for, according to your income as well as other financial responsibilities. These days, most banks as well as other financial institutions are very eager to prequalify applicants for a construction loan, which will provide you with a good idea of the maximum amount of money that you can spend.

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Tips For Building Your Home On Your Own Lot

home builderDo you have a new home floor plan that you love or perhaps you have a land that will inspire you? Or perhaps both? There’s a specific type of home building just for you.

In case you are dreaming of designing a brand new home that will take full advantage of the distinct geography and scenic views of land that you like, then you are a good candidate for a build on your lot home or BOYL.

Home building on your own lot may sound like an expensive prospect, but you can be assured that new houses could be built on your land or lot across a range of budgets. Here are four steps to help you get started.

Pick Out A Starting Point For Your Home Building

The process of home building Myrtle Beach on your lot can start in any one of these four places.

The land you love – if you own a land or inheriting one, then you are one step ahead of the dreaming stage. In case you have not found that perfect lot yet, you could work with a real estate agent who has a specialization in purchasing land or contact a home builder who could assist you in finding the perfect spot for your custom home.

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