Making your dream home a reality can be exciting – especially if you have been planning the creation of the perfect residence for some time. But if you’re not careful, your new custom home could also be more expensive than you bargained for. So it is important to follow some key tips that will better ensure that you don’t break the bank.
- Use a Good Architect – Before your new home can be built, it first needs to be designed. This entails taking your unique vision and turning it into a viable (and functional) floor plan. Here, knowing that it’s done properly, working with the right architect can save you both time and money in the process.
- Shop Interest Rate on Your Loan – Most new home building projects will require a construction loan, as well as a home mortgage. With that in mind, be sure that you compare rates and terms from several different lenders before you move forward. That is because a different interest rate – even just an eighth or a quarter point – can mean the difference between tens, or even hundreds, of thousands of dollars over time.
- Go with the Right Builder – While there are many good builders that you could choose from, before you move forward with your home building project, be sure that you are working with one that has experience and expertise in the type of home you’re seeking, as well as in your desired location. For example, because the terrain can differ significantly from place to place, choosing a builder that hails from your intended locale can often be best.
If you’ve been considering moving forward with the building of your new dream home in Orlando or the Central Florida area, and you need more information, give us a call today.
