The process of building a custom home starts long before the foundation is laid. It’s easy and fun to draw up a design plan and then hire a professional custom home builder. The steps in this post will help you avoid costly mistakes during the new home construction. Ask plenty of questions of those that have been there, done that and share your progress.
The budget for your custom home is important
It is a smart idea to start budgeting before you begin thinking about building your dream home. It is important to have an accurate estimate of the amount you can afford for a home and how much it will cost to build. Finding the right balance of what you want and what you can afford is what mindful budgeting is all about.
You will most likely need a mortgage or a construction loan. Based on your financial obligations and income, a lending institution can help you determine how much loan you might be eligible for. Many banks and financial institutions will prequalify applicants to construction loans.
The cost of all components of your new home will be determined at this stage. This includes the land, designer, and Myrtle Beach home builder who will oversee the project.
This can be a complicated and lengthy process that must be completed before construction can begin. Before you sign a contract with a builder, it is important to research all issues.
Select Your Lot
If you are not sure which lot is right for you, Dawol Homes can help you choose. Consult your realtor if you want to get an estimate of the cost of the land in the area where you plan to build your home. While land costs can vary depending on where you live, you can still budget about 25% for the land cost associated with your home purchase.
Before you can design the floor plans and other details of your home, you must first select the land. Dawol Homes has assess to factors like soil conditions, drainage, zoning and building codes. The costs of a custom-designed home will be more expensive. It will help your budget if the lot can be constructed using stock blueprints.
Select a House Plan
Stock plans are used to build many new homes. Finding the perfect plan can be difficult. It might help to know your house style. Click here for ideas to get you started. A Myrtle Beach designer, architect or home builder can help you choose the right stock plan.
Gather your team: Custom Home Builder, Etc.
Once you have created a budget for your home and established a plan, you can start to organize your team to design and build your Myrtle Beach dream home. The key players are your custom home builder, surveyor, excavator, and home designer. Most homeowners start by choosing the custom home builder. Then, you can choose other members of your team. It is possible to hire your architect/designer first.
Negotiate your contract
You should get a signed contracts for each of the building professionals involved in the construction and maintenance of your home. The contract should also include the custom home builder, designer, and architect. Contracts for new home construction will detail the project and list the necessary components. When working with Dawol Homes, your home will be constructed with builder-grade materials. This can make it more cost-effective. Make sure that you have fully discussed the details before signing a contract. You or your contractor may make changes to the project. If this occurs, have the contract amended.
Dawol Homes is the right choice if you are ready to build your dream house. Our team is here to help. Give us a call today.
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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