What You Should Know Before Building Custom Home

custom homeA custom home can be an amazing and beautiful way to make a home space that reflects your personality and welcomes you, your family, and friends. But, knowing what you should expect when you’re building a new house could be frustrating and intimidating since the answers are quite vague. You’re not alone.

Although it is difficult to come up with general quotes for custom built homes, listed below are a few ballpark answers so you can get started.

How much does a custom built home cost?

Among the most common questions that people have is how much they’ll spend in building a custom home Myrtle Beach. The question requires among the vaguest answers since it all relies on only what type of house you would to design, how big you would like to build it, the types of fixtures and finishings that you want, the custom detailing you need, and will you begin from scratch or remodel an existing home?

To make it short, a custom home Myrtle Beach can be as expensive as you would want it to be. If you’re looking for a base number then you can start at about $130-$200 square foot.

How will it take to build a custom home?

A custom built home can be built within an average of five to eight months. Of course, just like the cost, this would vary depending on the details of the home itself. Some things that could have a significant impact on how long you build the house, just like the weather, is way out of your hands.

There are things you can do to keep your custom home building process at a fast pace. Make sure that the house plan is ready before you meet with a custom home builder. The next one is to make sure that you know exactly what you want.

What you need to look for in a custom home builder?

The cost is the first thing that you have to check, whether you like it or not. Almost all custom home builder has their own method of coming up with a price for a project and it’s nearly impossible to get a direct comparison. The nuances in the price difference can be difficult to understand. Aside from that, when you wind up with a person who is always worried about making things as cheap as it can be, then it will definitely show on your house once it’s done. Make sure to hire a builder like Dawol Homes, that know how to strike a balance between quality and cost. 

How involved should you be?

A custom home is extremely special since you will have a say on how you want your house to be designed, built, and decorated. To make the house reflect your unique desires and taste, you need to have an open line of communication with everyone involved in the project. You have to collaborate with the custom home builder so be prepared to spend a lot of time and energy.

 

Call Dawol Homes now and let our custom home builder help you bring your dream custom home into reality.

 

Dawol Homes
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
(843) 294-2859
http://www.dawolhomes.com/
info@dawolhomes.com

New Construction Home Features You Need To Know

custom home Myrtle BeachA home is considered as a custom home is one that is built and designed with you and your family in mind. You can make have it built according to your preferences. You have endless options but your budget and imagination are the factors that limit you. This is where a lot of people get stuck. If you decide to design your custom home, you should start by imagining all of the amenities of your new construction home that would provide you the home that you want.

Your luxury custom home Myrtle Beach must reflect your personality and preference. Here are some inspiration that you may want to consider.

Custom Home Features

Entryways

When you enter the front door, you want to impress your guests so you need to make sure that you have a unique entryway. You can do this by choosing statement pieces that are appealing and welcoming. It’s also a good idea to consider custom built nooks and shelves.

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What are the tax credits for new custom home construction?

custom homeDo you want to build a custom home? There are different tax credits for new custom home building that could help alleviate some of the construction costs.

There are two kinds of tax breaks that are available for you. They are tax credits and tax deductions. A tax deduction will lower the amount of your annual taxable income while a tax credit will deduct a specific tax bill amount dollar for dollar.

As you can see, it’s more valuable to have a tax credit. Listed below are some of the tax breaks available for owners of custom homes Myrtle Beach.

Construction Loan Interest

During the first 24 months of your construction loan, you can take out the interest payments from the tax bill. But this will only apply if the finished custom home will be your main or secondary home. It will also apply to the first $1 million of the loan. In case you are married and you’re making separate filing, the amount will be lowered to $500,000.

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SHOULD YOU BUILD, BUY, OR RENT YOUR FIRST HOME?

custom homeIf you are thinking of buying your first custom home, there are several things you must consider. You have to decide whether to purchase or continue renting for now. If you believe that becoming a first time home buyer is what you want, you have to determine whether you need to purchase an existing one or build a Myrtle Beach custom home from the ground up. Take a look out the pros and cons of every option before you make a decision.

Renting

There are some individuals who benefit from a home rental. This might describe you, for instance, you need flexibility or maybe you have to move from one location to another because of your job. This holds true if you love to travel and live in different cities every few years.

There are several reasons why people prefer to rent. If you do not have extra credit or cash, making a down payment on a home can be difficult. Knowing for a fact that your landlord will take care of any broken appliances or repair a leaky roof is enough to rent rather than own.

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7 Cost Saving Tips When Building Your First Custom Home

custom homePurchasing a home is one of the biggest investments you’ll make in your life. By budgeting properly, your custom built home while saving a bit on some aspects. You know how things can easily add up and that’s why you need to know where you can save up.

Saving Tips When Building A Custom Home

Create a budget and stick to it.

The first step is knowing how much you could afford to spend for your custom built homes. It may be tempting to spend more than what you could afford when you’re purchasing a home but always keep in mind that you created a budget for a reason. There might also be certain expenses at the end of the construction that you might not have expected from the start like new blinds/shutters, furniture, and other types of décor.

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Decisions To Make Before Designing A Custom Home

custom homePurchasing a house is a life changing decision. But think about designing your very own custom home from scratch. There are several crucial decisions you need to make before you can build your dream custom home. You need to consider every factor from the lot to zoning laws, to interior designs, and furnishings.

Custom Home Building: Making Important Decisions

  1. Secure The Funds

As you know, designing and constructing your home is going to be a lifetime investment. You already know this by now. You should consider checking financing options when talking to your bank or lender. Designing a custom home Myrtle Beach involves planning and saving up until you are ready.

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TOP REASONS TO BUILD A CUSTOM HOME

custom homePurchasing a ready made older house is a great option for all those who are ready to have their dream home. But, you may want to think about building a custom home instead. Several would-be owners are now opting for custom houses for the following reasons.

Things To Consider Before Building Your Dream Custom Home

There is nothing that is better than constructing your very own dream custom home. It is a dream come true for many people, however, you should be ready well before you begin to break ground. Listed below are a few things you need to think about before you build your custom home.

The Location – You can construct an great looking custom home but if you choose the wrong location, the house you end up having may not be what you expected. Being in a nice neighbourhood with excellent schools, restaurants, entertainment, as well as medical facilities close by is crucial to most people.

The Budget – You can easily go over budget when constructing your home. Change of plans as well as delays can be quite costly. Generally, projects tend to run 20% over budget, and that means you need to prepare for such.

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Property Taxes Preparation Tips When Constructing A New Home

custom homeBuilding a custom home that has the amenities you need is quite different from purchasing a pre-owned home from a real estate building especially when we are talking about property taxes. Without the exact figure based on a historical amount, how will you know how much you need to roll into your mortgage or save? This has kept a lot of families wondering about the ongoing costs of home ownership especially when it comes to buying a newly built custom home. As confusing as it may seem at first, it actually just requires a little untangling. With a little research and legwork, you can have an answer that will relieve you of your stress that is related to your new home’s property taxes.

Property Taxes In Your Location

It does not matter where you construct your home, you will always be required to pay property taxes. If you are new to home ownership, you might not even realize that property taxes differ from one municipality to another. Generally, property taxes are evaluated by the local government, but also have federal and state consideration.

The first kind of tax that goes into calculating any property tax is the millage for your specific jurisdiction. The millage is a property tax that is due for every $1,000 in property assessment; it’s actually presented in the form of a percentage. For example, when your property is evaluated at $200,000, and the mill levy or millage rate is 1%, you need to multiply the $200,000 by 0.1 to obtain $2,000, which is the amount you have to pay for your millage tax.

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Is It A Good Time To Build A Custom Home During Winter?

custom homeHome buyers and custom home builders alike generally assume that new custom home construction is done best during the warmer season like summer and spring. Most people think that cold temperatures and harsh weather conditions can complicate things and cause delays in the building process. But it is not true that building a custom home during winter is a bad idea. There are many reasons why this season is the perfect time for home construction.

Building A Custom Home During Winter

  1. Shorter Construction Times

The average construction of a custom home Myrtle Beach takes around nine months, from beginning to the end. However, if you begin during the winter season, you will be able to cut down significantly on this particular time frame. The volume of home construction is lower than other seasons. That means if you have a house built during this time, the custom home builder can spend more time on your project and finish it much sooner. Additionally, the professionals you need to hire during this period, like trim carpenters, designers, and subcontractors, as well as engineers are not as very busy during winter. Lastly, getting building permits is much easier since fewer people are applying for one during this time of year.

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READY TO BUILD YOUR NEW CUSTOM HOME?

custom homeYou have a whole new year ahead of you and 2019 could very well be the perfect time for you to take one exciting project. Do you want to get the home of your dreams? If so then, you should build a new custom home. Although the project remains a challenging endeavor because custom designed homes take a lot of time and effort on the part of the owner and the custom home builders. Are you prepared to take on this kind of project? Should  you have questions about the process involved in custom home building, then this post is perfect for you.

Benefits of Building A Custom Designed Home

One good thing about working with custom home builders to build your dream home is that you will have control over nearly everything. It offers several benefits such as:

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