By ICG
If you are considering building a custom home as opposed to move-in ready home, there are many factors to consider first. You’ll need to track down the right developer, comprehend the custom home structure process, know when to sell the home you are living in, and sort out where you will live while waiting for your new house. Below are a few points that you want to be familiar with while building a custom home.
Top 3 Factors that Affect Custom Home Building
Budget Requirement; Not a Fixed Price Range
While looking for custom home developers, it’s great to have a cost range as the main priority. What amount does it cost to assemble a custom house? If you go for a custom home, the cost could range between $350,000 and $1.5 (at least a million). It’s difficult to say precisely how much it costs because there are so many elements that can influence the expense. For example, home size, materials used, and area. Generally, custom homes cost somewhere around $100 and $500 per square foot.
Selling Home; Depending on the Factors
When you decide to build a custom home, it’s time to put your current home on sale. It depends on your circumstances. You could sell your home in the near future to set aside some cash, or you can live in the house until the new one is ready. Notwithstanding, when you get a great offer for your home, you should sell it immediately.
Once you list the property, it takes around seventy days to sell it. Real estate markets may offer you prices according to the location of your house and construction. Therefore, to get the perfect deal, make sure you connect to a local realtor who helps you get a good deal against your current house.
Building Process; Understanding the Delays
How long does it take to build a custom home? As per the National Association of Home Builders, the typical completion time for any house is more or less seven months, which incorporates around twenty-five days from legal authorization to the construction process. Factually, the time also depends on the location, materials used in making, and the size of the home you are building.
However, planning for a home project doesn’t always go the way we want; there are always a few things that end up affecting the end result, so it is important that you’re flexible with your home’s planning and timeline structure. There will be delays due to weather conditions, like stormy rains or snow.
All things considered, the best custom home developer will put all these factors in his timeline beforehand to provide a realistic, expected timeline. Before finalizing your home, you must visit the property with the home developer to see that everything is according to your requirements or if anything needs changing. Then, you can communicate the differences you may have in time, budget, quality, material use, or finishes.
Another thing that can affect the completion of a home is a change in design. Most often, we make changes to designs at the last moment. Not just the design, but even changing the materials adds an extra day to the timeline. These changes to your plan can slow down the building or construction process, leading to extra time and cost.