Many people dream of someday having a custom home built. After all, who wouldn't love to have a brand new home designed and built from scratch that's 100% tailored to one's individual tastes and needs? Still, there's a lot of careful planning and budgeting that must go into the design of a custom home. If this is something you're considering for yourself, then, there are a few things you need to do before you even start talking to builders like those at Parkview Homes.
Have a Backup Plan for Your Current Home
If you currently own a home, you may be understandably nervous about getting approved for a construction home loan while you still have an existing mortgage in your name. In a perfect world, you'd be able to sell your home and get rid of that mortgage, but it's always important to have a backup plan. For example, you may want to work with a real estate agent who will find somebody to rent out your home until you can sell it.
Make Sure You Truly Know What You Want
When you think of your "dream home," what comes to mind? Surely you have some specific features in mind. Perhaps you want a chef's kitchen, or maybe you desire a master bathroom spa retreat. Either way, it's important that you have a solid idea of what you want and don't want in your new home. This may even mean taking the time to tour homes for sale--especially ones that are newer construction.
Consider Saving Money By Pitching in Labor
It's no secret that building a custom home can be expensive. However, if budget is a major concern for you, consider the fact that you can save a pretty penny by electing to do some of your own labor. For example, if you know how to lay hardwood flooring or even paint walls, you can make a nice little dent in your labor budget. This frees up your hard-earned money for other things, or allows you to have some extra cash in your contingency fund.
Be Prepared for Obstacles Along the Way
Finally, remember that with any construction project, there are bound to be things that go wrong and obstacles along the way. This is why it's so important to make sure you're emotionally prepared for the challenges that come along with designing and building a custom home. Knowing how to handle problems as they arise and work around changing schedules will really help you out in the long-term.