Unlike the building of a spec home, deciding to go with your own custom built property can allow you the opportunity to be creative and truly get what you want. But, while you are designing your dream home, it is also important to be careful not to fall in to some potential money traps that could end up costing you much more than you bargained for.
Purchasing a Lot Without Knowing the Expense to Add Services
For many people, the lot on which to build their custom home has already been picked out. But, while you may have found that “perfect” place on the water or near other amenities, it is essential that you determine the cost of adding services such as gas, water, sewage, and electric, as well as the cost to prep the lot.
These site preparation expenses can include a plethora of items, such as removing trees, blasting out ground rock, and / or redirecting natural waterways that may be in the line of your home’s foundation. There are also other factors to consider, as well, such as municipal zoning and environmental criteria.
One of the best ways to help yourself avoid a larger than expected expense is to have a feasibility analysis performed on the site prior to purchasing it. This can provide you with the information that you need so that you can either opt to move forward, or move on to another space.
Ensuring That Your Design Meets Your Budget
Although getting exactly what you want is a large part of the custom home building process, it will also be important to know what your budget is prior to moving forward. In fact, with a good solid budget in mind, you can also help to prevent miscommunication between yourself and the contractor so that expenses don’t spiral out of control during the building process – and before it’s too late. Working with an experienced custom home builder can also help to ensure that you and the crew are on the same page.
For more information on how to get the custom home that you’ve always dreamed of, without blowing the budget, as well as other money saving tips, Contact Us.
