When it comes time to build your new custom house, it’s possible your dream home can turn into a nightmare if you don’t avoid common pitfalls. Here are five risks to avoid when having your custom home built.
1. Low-Balling Your Budget
A quality home requires quality materials and quality workmanship. If you set an unrealistic budget, then you will have to compromise on what you want in your new home. While you don’t want to spend foolishly for the project, you need to have a realistic idea of costs.
Of course, you can do research on your own. And you should sit down with a representative of a reputable custom home builder, like Parker Built Homes. In a free consultation, they will answer any questions you have about cost and process, and give you a clear idea of what kind of dollars it will take to achieve the home you desire.
2. Buying a Lot Too Quickly
Before you buy a lot for your property, you should consult with your custom home builder. They can help you to avoid problems that might add to your project’s cost or detract from your enjoyment of your new home. There might be issues when it comes to, for example, sunlight, shade, views, topography, closeness to neighbors and other intangibles tied to surroundings that you missed.
There might be unexpected costs associated with the property which will take away money you wanted to put into important home features, such as the master bedroom or kitchen.
3. Hiring the Wrong Builder
While many position themselves as quality custom home builders, not everyone is. Some builders, for example, might be limited to certain floor plans and even specific locations for homes. Parker Built Homes offers clients nearly unlimited possibilities as far as the design, features, and location for new homes.
Unless you have experience, it’s also a mistake to try to be your own builder. Licensed professionals – including builders, general contractors, roofers, plumbers, and subcontractors – know what they are doing when it comes to building homes, material costs and timelines. A DIY approach on the part of the customer can cause cost overruns and project delays that are frustrating for everyone.
4. Not Sticking to Your Budget
Once the building of your custom home is underway, you have a game plan. If you don’t stick to that game plan, that can lead to cost overruns and construction delays. You need to have the self-discipline to not suddenly decide on expensive upgrades during construction, which can affect other parts of the project, such as crucial inspection dates.
Yes, it makes sense to have a contingency fund for the building, but this should be for emergencies and unexpected costs, not ones you incur voluntarily.
5. Not Planning Ahead
While you are having your custom home built for right now, it’s also a good idea to look into the future to see if your house and property will serve your changing needs. For example, if you have a young family, or are planning one, does the building have a structure you can expand or add on to meet any growth? If you have older family members, will the sweeping staircase be a burden to climb as mobility becomes an issue?
If you want your dream home built, come to Tulsa, Northeast Oklahoma, and Northwest Arkansas’s custom home builder of choice. Contact the friendly professionals of Parker Built Homes to arrange for a consultation, where we will answer any questions you have.
We are committed to quality building practices, using the best building materials available and the most innovative construction methods and latest technologies.