Building a new home can be one of the most satisfying things you do. Your style, preferences, and unique needs are all reflected in the choices you make. From lot selection to landscaping—your combined selections create the foundation for a satisfying lifestyle in your custom built home.
The home building adventure brings new challenges along the way, so today we’d like to share 5 common mistakes to avoid when building your new home.
1. Don’t rush your lot selection process.
Although you are eager to get the home building process started, don’t feel rushed into choosing a lot. Consider the many facets your lot choice influences: resale value, school system, commutes to work, and access to your favorite recreational activities. When choosing a lot, look at its size, shape, and the views it will have to offer once the home is built. Consider the noise from local traffic, and check out the overall feel of the neighborhood. Don’t settle for something almost like what you wanted. Once you find the ideal lot location, you’ll be thankful you didn’t grab the first lot you laid your eyes on.
2. Don’t create a floor plan simply based on your current needs.
Most people who build custom homes live in them for several years, so don’t just plan for your family’s current needs when making decisions on a floor plan. Think about the needs you will have over the next 5-10 years. Are you expecting to increase the size of your family? Do you have teens about to graduate from high school and move out? Think through details before designing your home’s floor plan, including:
- Do you generally cook all your meals at home and spend a lot of time in the kitchen?
- How many bedrooms do you need?
- How much storage and how many closets do you require?
- Do you need a home office or guest room?
- Can the home office double as a guest room?
- How often do you entertain?
- How many bathrooms do you need?
- How many living and dining spaces do you prefer?
- Would you like a fireplace?
3. Don’t let the mortgage run wild.
Mortgages often take 15-30 years to pay off, so keep the total price of the home in check throughout the home building process. Understand ahead of time that the original mortgage you planned on could increase due to issues like upgrading materials and making unexpected changes during the construction phase. Prudently plan ahead for your square footage needs to keep your costs down, and realize that a well-designed home isn’t necessarily the home with the greatest square footage. Comparison shop for your mortgage from a company who specializes in mortgages specifically for custom built homes. Consider details like interest rate and closing costs on several mortgage options before deciding on which mortgage to choose.
4. In general, limit any changes during the construction phase.
Many people who build custom homes don’t realize that it costs more to make changes to the design during the construction phase than it does during the design phase. Realize that making changes once construction begins not only costs more money, but it also delays the completion of your home. The rise in building costs also increases your monthly mortgage payment and will be felt for years to come. So, avoid this pricey mistake, make informed choices up front, and incorporate them into the initial design. If you are struggling to get a feel for what your design choices will look like in a real home rather than just on paper, tour other homes with similar layouts and allow the real homes to influence your final decisions.
5. Don’t choose a builder without inspecting his reputation and previous work.
Trust is foundational in choosing a builder. Choose a builder whose reputation precedes him. Ask specific questions to ensure the right fit.
- References – ask for specific references, and contact previous clients to learn about the builder you are considering.
- Experience – ask how long the builder has been in business.
- BBB – ask what type of BBB rating the builder has.
- Past work – drive to several homes the builder has completed in order to get a feel for his quality craftsmanship.
- Licensed and insured – ask if the builder is fully licensed and insured.
Contact Parker Built Homes Today
Parker Built Homes is a custom home builder specializing in unique new home construction in Tulsa, Northeast Oklahoma, and Northwest Arkansas. Contact us today to Schedule a Free consultation, and let’s get started making your dreams a reality!