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How To Prepare For a Custom Home Build

April 3, 2022 | Comments Off on How To Prepare For a Custom Home Build

Are you tired of looking at homes, never finding one that meets all of your expectations? If so, you should consider building a custom home. The process might seem overwhelming, but when you follow a few simple tips, you’ll find yourself living in your dream home in no time. 

Create a Budget

When deciding on a budget, you first have to consider whether or not you need to take out a loan for your home. Once you know what amount you are preapproved for, you can flesh out the rest of the budget. 

Experts recommend that you plan for roughly 75% of your budget for the design and build of your home and 25% for the cost of the land. It’s essential to leave a buffer in your budget to plan for contingencies and emergencies during your build. If you don’t include some wiggle room in your budget, you could run out of money before the builder finishes your home.

Purchase Land

Before you can build a home, you have to have somewhere to put it. Whether you are looking for land for sale in Suffolk VA, or another part of the country, you want to ensure that you pick the best land for your situation.

Do you want to live on a well and use a septic tank, or do you want to be on municipal sources? Has the land already been cleared for your home, or is that something you need to factor into your costs? When you consider everything about the land, you won’t have any surprises when the building starts.

Interview Contractors

Not all contractors will be suitable for your job, so you want to interview a few of them before deciding on one. When talking to them, ask for references and ensure that they are licensed and bonded. If a contractor rubs you the wrong way, don’t hire them. You’ll be working closely with them for months, and you want to choose someone you get along well with.