4 Questions to Ask When Buying a New Construction Home
Having a home built from the ground up is so exciting! But it can also be an overwhelming and confusing process. Knowing the right questions to ask is immensely helpful when working with custom home builders. If you’re considering buying a custom home, these are the questions you should be asking.
If I want to work with luxury custom home builders, what kind of budget do I need?
One of the first steps in creating your dream home is setting a realistic budget. Working together with your custom home builders, you’ll be able to get a better idea of what your home would cost based on your personal wants and needs. These are three of the most important factors that should be considered when creating your budget according to custom home builders in Montgomery County:
- The price of the lot
- The location of your new build
- Any improvements that might need to be made to the lot before construction can start. This can include, but is not limited to well, septic, stormwater management, tree clearing, and utilities.
Other custom home factors that can influence your budget include the style and size of the home you want, as well as any interior and exterior finishes and special features. Once you’ve outlined all of these necessary repairs and customizations, you’ll be able to determine a realistic projection of the overall cost of your home.
Will I save money if I already have a lot?
Having a lot already purchased is a great first step! The total price of your custom build will be determined by any improvements your lot needs to get it “building and permit ready.” Of course, any of the building customizations will also influence the price of your build.
If you don’t already own the land and need a new lot, the custom home builders you work with can help you find one based on the area you want to live and the specifications outlined in your home design. Most custom builders don’t charge a fee for assisting in finding a lot. Those fees come if, and when, the lot needs improvements before construction can begin.
How long does building a luxury custom home take?
The average timeline for a custom home build is seven to nine months. Realistically, every project is different, and several factors could impact the timeline. If you need to purchase a new lot, it could take time to find the one right for your build. If you have a lot but it needs improvements, how much work needs to be done could change the overall timeline, too. Other factors that will influence your project’s timeline include the size of your build, the time of year construction begins, the township or county your lot is in, and permit approvals.
What if I have no idea how I want my custom home to look?
With custom home builds, your options are practically limitless. This freedom can be incredibly overwhelming! When you partner with expert custom home builders, you have access to a team of architects, engineers, interior designers, and professionals in electric, plumbing, cabinetry, and flooring. With their help, you’ll be able to hone in on the styles and design elements that make sense for your new home.
Investing in a home can be a stressful process, but it doesn’t have to be. Do your research and find custom home builders that provide you with answers to all of your questions and top-of-the-line results.