Not every person likes to buy an existing home when shopping for that dream spot on earth. For those who want to be the first one living in that new home, a home builder will pose the first obstacle in the building project.
In order to choose just the right builder for your project, you will first need to decide which type of house you will want to have constructed. There are two types of builders. The production builder and the custom builder.
The Production Home Builder
The production home is one that is designed on a large scale and mass produced as a „model“. These models are often changed up a bit with available customizations and upgrades to the home. These upgrades are offered as part of a package added onto a base model home.
Production homes are often offered at a base price with additional costs being added to the final price for those last minute touches. When choosing a production home builder, it is best to buy the home as a package with all of the appliances and upgrades included. Adding these items individually can drive the price up higher than the market value may allow; leaving the owner with immediate negative equity in the home.
The Custom Builder
For the potential home owner who wants to build a home from scratch, a custom home builder will be able to help you along the process of planning the home and attaining all of the permits needed for the build. The potential home owner will have to purchase a plot of land, have the land surveyed and choose a set of plans for their home.
When choosing custom plans for a home, remember that these plans are only a guide. A custom home builder will be able to adjust the plans to your specifications before the final plans for the home are set in stone.
As the home progresses, the extra costs associated with incidentals will need to be taken into consideration when pricing the home and staying within budget.
Real estate is an investment and while many people love the immediate nature of buying an established home, for those who want to own a home of their own that is customized to their wants and needs of a builder is one of the best options.