If you’ve dreamed about one day building the home of your dreams, then it is possible that you not only have a location already picked out, but that you have actually purchased the lot that you plan to build on.
Should this be the case, it is important that you take a few steps before you move forward – starting with ensuring whether or not the lot will be suitable to build on. There can be a plethora of reasons why you may not be able to do so – starting with various zoning restrictions and / or issues that are related to the topography itself.
Many people who have a custom home built will also need to obtain a construction loan. Given possible site preparation, as well as the permitting and the construction itself, it is oftentimes necessary to make a 20 to 25% down payment. (This figure is based on the entire cost of building the home, though. So, keep in mind that if you already own the lot, then the overall cost for your new home may be substantially less than if you have to pay for both the construction and the land).
Even with owning your own lot, however, there are usually several other items that you will have to have in place as you move ahead. These could include having an architect who can design your custom home, as well as a builder who can construct it.
In order to make sure that you have all of the necessary components in place, it can often be beneficial to meet with a builder first. That way, you can put a plan in place that is specific to your particular wants and needs – and in turn, that will allow you to better anticipate each step in the process, as well as have a good estimate of the cost.
If you are ready to move forward with turning your dream home into a reality in the Orlando or surrounding Central Florida area, then give us a call today.
