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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5 Most Popular Features In a New Custom Home

custom homeThe home features that people desire have evolved throughout the years and home design continues to change to reflect the preferences of homeowners. Although it was once considered as crucial, a formal living room these days is no longer considered necessary. People these days know very well what they want to have in their new custom home.

Top 5 Features In A New Custom Home

The National Association of Home Builders said buyers prefer the following custom home features:

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TOP 10 REASONS TO BUILD A CUSTOM HOME

Custom HomeCan you give one obvious reason why you should have a custom home? You get all you want in a house, exactly the way you want it. For some, that’s a good enough reason, but others, may need more convincing. If you are in the market for a new home, but finding it difficult to decide whether you should build a custom home or just go with a production home or “semi-home.”

 

10    Reasons Why A Custom Home Is The Best Choice

 

  1. You will have a future-proof home.

Future proofing can mean many things. However, let’s focus on family planning. One of the most common reasons why people sell their home or purchase a new house, is to accommodate the needs of their growing family. A custom  home Myrtle Beach will offer you the chance to create a living space that meets your needs today, but also considers the many surprises that might come your way in the future.

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6 Things To Consider Before Building A Custom Home On An Existing Lot

custom homeLooking for the perfect lot where you can build your custom home isn’t easy. Since 1978, the median size for residential lots dropped by 13%, mainly due to the increased competition for lands in the United States. Aside from that, many available lots aren’t always what they appear to be. Problems can arise from failing to consider flooding risks, property conditions, and zoning laws. These concerns include property maintenance issues, compromised safety, and unexpected expenses.

 

6 Factors To Consider Before Building A Custom Home On An Existing Lot

 

  1. The Lot’s General Condition

Don’t assume that a lot is in good condition just because it seems like it. Purchasing an existing lot based on impulse and without having the soil tested and the property evaluated can lead to damage to your health and home. Possible lot buyers have to request a formal property evaluation or seek out the recommendations of an experienced custom home builder to avoid these possible hazards.

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