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5 Steps To Starting Your Custom Home

by Sara Cook

Building a custom home provides a wide array of benefits. You can have your home just as you want and choose the empty lot where it will be built. You also don't have to worry about the structure, electrical work, or plumbing of an older home. Every part of the home is customized according to what you prefer. Here are the different steps to follow when you're ready to build your custom home.

1. Set Your Budget

Before taking on a big project like this, you need to have your budget worked out in great detail. You probably already have an idea of how much the job is going to cost and if you have already purchased the plot of land, you are doing great. Consider not just the costs of the supplies and materials for your new home, but for labor costs of the home builders, contractors, and architect if you need one. Figure out your budget, then look for what will fit within that budget.

2. Try to Save on Building Costs

As you work on your budget, there are a few ways you can save on building costs. Keep in mind, you don't need to have the best of everything. There are many things, from the appliances to the countertops, that don't really raise your home's value, and all come down to taste and personal preference.

The larger the home, the more building costs will be, so consider having a smaller home and a larger yard to garden and plant fruit trees. Focus more on basic construction and necessities, and worry about the extras later when you see what the home is going to cost.

3. Find a Good Building Team

This is not just a remodeling project where you only need a contractor and they take care of the rest. You will need a team lined up when building a brand new custom home from the ground up. This may include a new home builder, surveyor, excavator, architect and designer. Typically, talking to a home builder or contractor is the starting point, and they can suggest others they have worked with that will be good for your team.

4. Go Custom or Stock

When you pick the plan for your new home, you can start with a stock home and add little personal touches to it, or go completely custom where you are your team decide on every aspect of the new home. The stock homes can usually be customized, so don't assume your home will look like every other home using this same design layout. There are ways to make it yours if you don't want to go 100 percent custom.

5. Workout the Contract

Before you begin your new home project, you will need to sign a contract with everyone you are working with. This contract is for your benefit and for theirs. On your end, you are being promised they will complete the work as suggested and have the prices worked out, as well as when it will be completed by. For them, they benefit by you signing a contract stating how much you will pay and when.

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