The process of building a custom home starts way before pouring the foundation. Building a house is both thrilling and efficient if you start with a strong idea and choose a skilled and honest custom home builder. The following are five critical actions that can help you avoid costly mistakes when building your home.
1. Make a Budget
How much money can you afford to spend on a bespoke home? Make sure you have a good understanding of what you can afford. But don’t get too worked up! Building a bespoke home may not be as costly as you think!
A bespoke house generally costs $100 to $200 per square foot, according to HomeAdvisor. This suggests that the average cost of a bespoke home will be around $314,672. Prices naturally rise when you are looking for something more upscale. Luxury bespoke houses may cost between $200 and $500 per square foot to construct.
These figures do not often include the cost of the lot on which to build. They also do not cover the cost of necessary permissions. If you wish to buy and develop a lot, you’ll need your own budget.
When creating a budget, check with your mortgage lender to determine how much you may borrow. Then, make sure you have enough money to buy a lot and pay your contractors. You should also budget for miscellaneous expenses. You never know what can come up when building your home.
2. Hire an Experienced Builder
A good home builder will have a lot of experience in the industry. They should also have a solid portfolio of homes they’ve built to showcase their work.
Be sure to interview multiple builders before you make your choice. It’s important that you feel confident and comfortable with your builder. After all, they’ll be helping you bring your dream home to life! As you interview different builders, pay attention to how they communicate and if they are easy to work with.
Also, be sure to inquire about any other services the builder might offer. Some custom home builders also offer design services. If you are working with a smaller budget, this could be a great way to save some money on the overall cost of building your home.
3. Pick A House Plan
Of course, you can’t build a house without first having a plan! Your builder will likely have some house plans for you to choose from. But don’t feel like you have to pick one of their plans. You can also bring your own design or work with an architect to create a custom home plan.
If you do choose to use one of the builder’s plans, be sure to ask about any customization options. Most builders are willing to make some changes to their plans to better suit your needs and wants.
4. Choose an Experienced Team
Your builder will likely have a team of subcontractors that they work with regularly. These are the tradespeople who will actually be doing the work to build your home.
Be sure to ask your builder about their team before making any decisions. You’ll want to know that you are working with experienced and qualified tradespeople. The last thing you want is for your home to be built by amateurs!
5. Negotiate A Contract
Once you’ve chosen your builder, it’s time to negotiate a contract. This is a legal document that will outline the terms of your agreement with the builder.
Be sure to take your time when reviewing and negotiating the contract. Don’t be afraid to ask for clarification on any points that you don’t understand. You should also have a lawyer look over the contract before signing it.
Building a custom home can be daunting, but it’s also an exciting adventure! By following these tips, you can ensure that your experience is as positive and stress-free as possible.
Start planning your first custom-built home with the help of Banner Custom Homes in Tulsa, OK. We have decades of experience in general home contracting, home construction, and residential household design. Whatever your vision of the perfect home may be, we can build it. Please get started by getting in touch with us today!