Not all people like to buy an existing home when searching for that dream place on earth. For those who want to be the first to live in that new home, a homebuilder will be the first hurdle in the construction project.
To choose the right builder for your project, you will first need to decide what type of house you want built. There are two types of constructors. The production constructor and the custom constructor.
The production house builder
The production house is one that is designed on a large scale and mass produced as a “model”. These models are often tweaked a bit with the customizations and upgrades available for the home. These upgrades are offered as part of an add-on package to a base model home.
Production houses are often offered at a base price with additional costs added to the final price for those last minute touches. When choosing a production home builder, it’s best to purchase the home as a package with all appliances and upgrades included. Adding these items individually can drive the price up more than the market value allows; leaving the owner with an immediate negative equity in the home.
The custom builder
For the potential homeowner who wants to build a home from scratch, a custom home builder will be able to help you through the home planning process and obtain all necessary building permits. The potential homeowner will need to purchase a piece 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 plans to your specifications before the final house plans are final.
As the house progresses, the additional costs associated with incidentals will need to be factored in when pricing the house 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 that suits their wants and needs a builder is one of the best options.