What to Know Before Building a Home

Buying or building a home is a huge financial investment for you, your family, and your future. You are spending more money than you’ve likely ever spent in life – but you’re also laying roots for your family’s future. So, before you build a home, it’s time to prepare for what it’ll cost, and what to expect during the process with our brief guide.

What to Consider Before Building Home

Here are some things to know before building a home that’ll help give you peace of mind, save you money, and ensure you’re ready to move in with fewer worries about what comes next:

  • Finances: Ensuring your finances are in order and ready for the mortgage commitment is essential before building a home. Realtors, lenders, family, friends, and more can help guide you to the right place to be truly financially ready to build.
  • Do Your Research: Building a semi-custom home requires research. You need to understand the process, what the build costs might be (and how they might change during the build), how the timeline will go, and more.
  • Marital Status: While anybody can build a home, your marital (and family) status will impact how big your home should be, how many bathrooms it has, how big the yard is, etc.
  • Lifestyle: If you like to spend time in the great outdoors, your lifestyle may impact where you choose to build. If you want to be closer to a city, that’ll impact it, too. Consider your family’s lifestyle when building a home.
  • Location: Location makes a big impact on your bottom line when building a home. If you’re in a hot real estate market, buying land and building may be more expensive than living further from that market.
  • Be Prepared: Anything that can go wrong during the building process might. This is just the nature of things. Your build will have an action plan for handling any hiccups that come up and keeping you in the loop about deliverables, timeline changes, materials costs, and more.

Do Your Research Like Your Home Depends On It (Because It Does)

As we mentioned above, research is a crucial part of buying a home or building one. You need to understand the process, choose the right builder, and ask questions along the way. Don’t skip this part of the building process – it’ll save you time, money, and frustration as you begin building your dream home.

How Schedules Work When Building a Home

Your builder will give you a timeline based on when they believe your home will be finished. However, everything from the weather to supply chain issues can cause delays. Your builder will keep you informed on what’s going on, what they’re doing to counter it, and new timelines as things come up.

Can the Price Change When Building a Home?

Depending on your contract, yes, it can. Building a home comes with many moving parts, like supplies for certain things and contractors for certain projects. Prices can change, especially on the supply side, but this will always be spelled out in your contract.

This is another area like the schedule that your builder will explain and alert you to as things change based on your overall agreement for the build. There is no one size fits all contract for building a semi-custom or custom home, so your builder will go over all these details so you understand what costs may increase during the project.

Wait Until the Build is Complete Before Moving In

One of the biggest tips we give those eager to move into their build is to wait until everything is finished. In some cases, you might be able to move in as finishing touches are still happening. Save yourself the headache and hassle of moving around what’s still going on in the build. Trust us – you’ll be much happier moving in this way.

Building a semi-custom doesn’t have to be a hassle for you and your family. Choosing a builder like us at New Era Homes ensures you’re in good hands. Contact us today to find out how we can help make the next home you move into perfect for you and yours.