To Build, Or Not To Build

Pros

• Get What You Want In A New Home.

Cons

• Decisions /Stress

• Higher Cost… Because There Is Less Ability To Negotiate on Custom Building

• Might as wells… The Budget Busters

• A Protracted Timeline That Results In Less Certainty on Costs

• Double Home Payments… Interest Only options On The New Construction

• Infrastructure… Clearing Land For The House, Installing: A Driveway, Well/City Water, Septic/Sewer

• Ongoing Construction Around You.

Designing The House

• Size And Functional Criteria

• Esthetics and Design

• Style (Ranch, Two Story, Walk-Out Basement Etc.)

• How Long To Work Through The Iterations Of A Design/Plan

• Fees To Design The Property

• While The Point of Custom Building Is To Get What You Want, Resale Considerations Must Still Be Part Of Any Design

Finding The Land

• Covenants, Conditions, and Restrictions (CCRs)

• Restrictions On The Size of Above Ground, First Floor &/or Total Square Feet

• Timelines To Start and Complete Building Within

• Design Approvals By HOA/Developers

• The Suitability Of The Land/Lot Including Any Prior Use Issues

• Are Their Restricted Builders That Can Build The Property

• Ensures Comparable Home Quality & Price Points

• Reduces Competition In Pricing.

• Provides A Revenue Stream

The Entire Timeline

• Designing The Property... 1-3 Months

• Finding The Right Land... Months Or Potentially Years

• Building The Home... 8 - 13 

Not Finding What You Need... Message Mitch