While many people spend time searching for the home that best meets their wants and needs, there are those who decide they will just build their dream home. No worries about compromising, or having to settle for anything less than what they consider to be the perfect abode. But, building a home from scratch is no simple feat, and if you want to do it right, and minimize costs (without sacrificing quality of course), you need to educate yourself about the process, and plan carefully. Here are just a few important considerations for keeping costs in check when building your custom home.
Consider Selling Your Current Home without a Real Estate Agent
This may not be the best course of action for everyone, but for some, it can be a great way to maximize profits from the sale of your current home. If you are in no particular rush to sell, you live in a very desirable area where people are itching to buy homes, and you have the time to do your own showings, sticking a for-sale sign in the front yard may be all that is required to get a sale.
You also have another option that can get your home more exposure, and allow you to keep extra money in your pockets. You can get an MLS listing for your house on For Sale By Owner.com, and allow every real estate agent to see it. If a buyer finds the home directly, you get all the money. If a real estate agent shows it and the person buys, she only gets 50 percent of the standard commission.
Familiarize Yourself with all the Different Types of Homes
Sure, you have a pretty good idea of what you would like in your dream home, but do you really, really know what kind of house you want? There is a good chance you couldn’t answer yes to that question. So, buy some home books. Visit homes in the area to get an idea of all the different styles and features. Newly developed areas will have some model homes you can look at, and can be a great source of ideas. Check out websites of potential builders to see some of their work on custom homes. A great example is the site of http://jdlconstruction.us/construction/, a custom home builder based in Montana.
Sometimes you may not know what you like until you see it, or see something you don’t like, and decide you want the opposite. The more you know about what is available to you, the more confident you will feel in designing your own home. A good design from the start is a surefire way to minimize expenses because there will be fewer major changes as the project goes on.
Ensure Good Communication with Your Builder
This would seem obvious, but it is easy to drop the ball here, leading to all sorts of problems. Clearly communicating with your builder at all times is absolutely crucial to getting what you want and minimizing costs of the build. If anything is unclear on the bid, ask. If you have a specific vision, or want something in particular, make sure he knows. Never make the assumption he knows what you want. The less information given by the owners, the more leeway the builder will take in deciding how to proceed. Don’t ever worry about being annoying and asking too many questions or expressing concerns.