Building a custom home is an exciting time in your life! If you are planning to build your first custom home, here are 8 Tips for First Time Custom Home Buyers to help get you started:
- Create and Stick to Your Budget- This is the first place to start when you are considering building a custom home. Be realistic and factor in things like your monthly expenses. Keep in mind your custom home will require upkeep and routine maintenance.
- Decide What You Want Ahead of Time- Take time to plan your style, layout and must have design elements. Your builder can help you make decisions where you have questions or need recommendations.
- Do Your Research Before Hiring a Custom Home Builder- Make a list of questions to ask builders when you are deciding on a builder to hire. Ask to go inside a home or two so you can see each builder’s work in person.
- Keep a Flexible Timeline- Set your expectations during the building process to allow for hiccups and things to arise that are out of your control. For example, rain can cause delays during some stages of the construction process.
- Make Sure Everything is in Writing- This way there aren’t any surprises for the homeowner or the builder throughout the process.
- Make Smart Style and Design Decisions- Start simple. Brainstorm and sketch your ideas. Make lists of features you want for each room. Think about design and style that will grow as your family grows. Consider the function and flow of your design when coming up with the ideal floor plan for your custom home.
- Understand All of Your Financing Options- Your builder can help you determine the best financing options for you and your custom home. If you have questions, ask builders as you are interviewing them or consult a mortgage broker.
- Have Fun Designing Your Custom Home- There are unique elements you can add to your custom home. Remember that throughout the building process you are coming one step closer to moving into your new custom home!
Learn more at NAHB’s Guide to Buying A Home.
Building a custom home doesn’t have to be intimidating if you know what to expect along the way. A successful custom home building experience, like any big project, is all about getting the details right from start to finish.
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