Want A Custom Home? 3 Things To Know

Buying a home is a major decision both financially and personally. Not only do you want to make a good investment, it's important to live in a space that you find enjoyable. When looking at existing homes in your market, it can be difficult to find one that suits your needs. Location, size, and features are all important when searching for your new home. If you are unable to find a home that works for you, building a custom home may be the solution. Here are three things that you need to know.

The Cost

When it comes to buying or building a home, your budget is likely going to be one of the major deciding factors. While custom homes can be affordable if you use modest materials and live in an area with lower land prices, typically you will end up paying more for a custom home. The average custom home costs between $200 and $400 per square foot. However, that number does not include the cost of the lot. A more modest custom home can cost around $100 per square foot if you forgo high-end materials.

Design Is Key

If you are considering going custom with your new home, the design process is key for getting exactly what you want. A team of design professionals, including a residential architect, will be necessary in order to build the home of your dreams. A designer or design team will help you bring your vision for your new home to life. Design professionals will typically account for between five and 15 percent of your total construction budget. Many custom home builders have these design professionals in house and ready to help you get the home design that you desire. 

Choose Your Builder Carefully

When it comes to custom home building, choosing the right custom home builder is essential. Shopping around and getting quotes from various builders is a great way to determine which builder will be the best fit for your needs. Friends and family who have used a certain builder in the past can be valuable resources. Another good source of information is local real estate agents. Make sure you do your research before you decide to go with a builder. Looking at homes that they have built will also give you a good idea on what you can expect.

In many instances, a custom home is a great way to get exactly what you want in a new space. However, there are a few things to consider before building a custom home. First, costs are something to keep in mind. Custom homes cost between $200 and $400 per square foot on average. Design is also key. Custom home builders offer the design services needed for you to get a home that suits your needs. You will also want to shop around and choose your builder carefully.