Are you in the market for a new home? Have you been looking and looking for an existing home to no avail?
With a 5.7% spike in new home sales since January, people are out there buying. If you’ve been looking and been unable to find the right house, maybe you need to change paths and consider building a house instead.
Are you wondering how to have a house built? How is building a house different than buying an existing home?
Read on to learn what you need to know to have a house built instead of buying an existing home.
One could argue that you can probably get moved into an existing home more quickly than building one. But you are also moving into someone else mess and perhaps a house with problems.
With home sales brisk, you also have to compete and pay top dollar to even get a house.
All the more reason to consider a new construction home instead. Here are a few other reasons to consider:
There’s some real value in knowing you are getting a new house and you can have it made how you want it.
Once you have made the decision to build versus buying pre-existing, you have some decisions to make. Let’s take a look at some of the big early things to work out if you are going to build a home.
The first step is figuring out where your house will be built.
In some cases, you can work with a realtor to look at land only purchase. You can find land or a lot in a subdivision for your house to be built.
Many people who have homes built find their own land then go onto the next steps. In other cases, the builder has the land already subdivided and you can choose lots from them.
If you buy land yourself, there are some considerations. How will you access power and water to your new build?
Will there need to be anything done to the land to prepare it for construction. Does it need to be cleared or leveled?
You’ll also want to research what kinds of permits will be needed. Often your contractor or builder will handle the necessary permits.
The next step is to decide what you want your house to look like and get plans. There are several routes you can take here.
First, you can go to an architect. Once you find one who you feel like can see your vision, provide them with your wish list. Let them know the basics, of course, like size, number of bathrooms and bedrooms and style.
Then they work to develop a completely custom design plan based on your wish list. This option is obviously the most costly.
Often you can buy floor plans that are already drawn up from architects. These pre-done plans can allow for some customization without completely breaking the bank.
Finally, some builders have plans already available. They might be building in a neighborhood and can offer the option of multiple choices of home models. While a small amount of customization might be possible, this is the least custom option and often the least expensive too.
If you haven’t already, you need to select the person who will bring your dream home to reality. You want to find a new home builder who will follow through on your vision.
You want to look closely at the quality of work they have done on other jobs. You also want to be sure you are confident in their professional ability and their ability to communicate with you.
Together you will make many big and small decisions about your home. You want to select someone who is not only good at their craft but also at working with you through the process.
Once you have made a decision about the big things like where your house will be built and by who, then you have a long list of other things to decide too.
At this point, you will know the expected cost of your new home. You might be able to make some decisions about customizing. This might include things like ceiling height in the basement, size of the garage or adding windows to certain rooms in the house.
You will likely have budgets for things like appliances, lighting flooring. So, you can select what you want, knowing the allotted budget you have set up for each of those parts of your home.
So, while the solid oak floors might be a non-negotiable for you and a place where you want to use up a chunk of budget money, you might be more flexible to save money on the lighting or appliances, for example.
As with most things in life, paying attention to your budget is key when building a house, so you don’t lose control and end up spending way more than you anticipated.
Now that you know the steps of how to have a house built, are you ready to get started? Sure, there is more to it than maybe buying an existing home. You also get exactly what you want and can have your forever home built for you.
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