Even if you truly love you current home, there is no comparison to building your very own custom-built home from the ground up.
That being said, opting to go for a custom home can be a stressful process with lots of big decisions to make and LOTS of money on the line. That’s why it’s important to make sure that you have done everything you can to ensure that your custom home build goes as successfully as possible.
So, if you’re planning on spending your money on Building A Custom New Home, here are some common mistakes that you should be aware of so that you can make sure that everything goes according to plan from the very first planning stages to the final walk through.
Not having the whole details before building
One of the major mistakes that people who are looking to build custom homes make is not having everything perfectly planned out before the building gets started.
Designing a home may seem easy, but there is an astronomical amount of choices. For that reason, it’s important to make sure that you have those choices made before you start building. One choice could impact another and have a domino effect. If you’ve started building, it’s going to be much harder to reset that row of dominos.
Not hiring the very best person for the job
This should go without saying, but you should absolutely not simply go with the first builder or company you meet with about your custom home build. Interview a number of different options and make sure that are properly insured and have glowing reviews and references from past customers and clients.
Don’t build too big
You might want to build a massive home that can allow you to entertain all your family and friends, but building too big can become a major burden. The truth is, most families do not need a home that is 5,000 to 6,000 square feet. Instead, a far more efficient and masterfully crafted home that is 2,500 to 3,000 is typically far more preferred.
A larger house is not only more expensive to build, but far more expensive to upkeep and maintain as well. In the United States, the cost of an average custom home build typically costs around $105 per square feet. That means that if you downsize from a 4,000 square foot home to a 3,500 square foot home, you will be saving yourself as much as $50,000 on your custom build.
Not keeping the resale value in mind
Even if moving out of your custom home is nowhere on your radar right now, you should absolutely keep the resale value of your home in mind.
It’s a simple fact of life that many of us do not know where we will be in life in a decade or more from now. Keeping that in mind, it is important to remember that while you can build your home with you and your family’s specific needs in mind, you should also keep its potential value to future buyers in mind as well.
Don’t make a house that is highly specific to you, or completely out of the ordinary. That will likely result in you having a hard time making back your money if you do decide to sell your home on the open market somewhere down the line.
Not keeping your mortgage within reason or overextending yourself
Look, you can always add to your custom home sometime in the future. That’s why it’s crucial that you create your custom home with your budget in mind.
Making sure that you do not overextend yourself financially is crucially important.
Buying cheap appliances to save on costs
While keeping costs down should certainly be taken into consideration, you should not skimp on things like appliances and fixtures. The truth is, spending money on quality appliances and materials will not only improve the value of your home, it will also ensure that you do not have to deal with costly repairs in the near future.
One thing to keep in mind, however, is that you do not have to pay for all the best appliances and materials right now. If you are deciding between a number of expensive choices, one thing you can do is pay for more affordable options now with the idea of replacing with more up-scale changes in the future. For example, carpet can always be switched out to hardwood in the future.
Leave your workers to their own devices
Micromanaging your work team is not necessary, but you should never go too long without checking in on the job that is being done. Don’t convince yourself that it would be fun to let your team get to work and not show up at the site until everything is finished with a pair of blindfolds on. A clear reason why is because you don’t want to show up to a fully finished project that you are not completely satisfied with.
Make sure to visit the construction site consistently so that you can get in-person updates on what is going on. That way, you will be able to ask questions and make changes if you have to in order to make sure that you get the home you want and deserve.
Don’t let your dream home lead to real stress
A home build can yield a home that is truly perfect for you and your family, but it can also lead to very real stress and anxiety for everyone involved. Not only is a large amount of money always involved in a customer home build, but there are also quite a lot of unknowns as well.
Make sure that you do not let your custom home build get in the way with your relationship with your spouse. Though your images for your new home may differ, it is important to find a way to compromise on every decision so that the house does not end up becoming a wedge in your relationship.