Building a custom home is one of the largest expenses you will ever incur, so it’s crucial to enter the custom home building process with your eyes wide open. Before you hire a builder, ask these seven questions to ensure you get the most out of your custom home-building experience.
1. How do you assist clients with budgeting?{{cta(‘b8385c79-74d9-4f17-9e0f-fed16cb4220d’,’justifyright’)}}
Your builder has worked on countless projects and probably has a much more thorough understanding of what it takes to build a custom home than you do. Right off the bat, find out what budgeting tools they offer and what kind of participation is expected from you. Ideally, you’ll want to find a company that provides structure while still leaving room for your customization, both in the budget and in your home.
2. Which items are considered part of the “hard” budget and which are considered “soft” items?
Some expenses are considered hard because they are known and their cost is clearly defined. Examples include your lot and the labor it takes to build your home. Soft expenses are somewhat fluid and can change based on your decisions. Examples include the flooring or siding for your home.
Early in the process, ask for a line-item budget that includes several different soft budget combinations. For example, with Budget A, you can afford an upgraded walk-in shower and a skylight in the living room, or with Budget B, you can afford a jetted tub and a larger mudroom. As you enter into this process, it’s helpful to know what features you consider to be “must haves,” as these will become hard budget items moving forward.
3. How do you inform customers of costs?
Each company bills differently, so it’s helpful to understand your builder’s billing process. This will allow you to plan ahead for payments and prevent any confusion or frustration moving forward.
4. Do you work with a preferred lender?
Some builders work with preferred lenders. This can mean that you, as the homeowner, may receive a discount or other incentives when applying for your loan with that lender. Not all builders have preferred lenders, and you shouldn’t be required to use them even if they do.
5. What features are included in your building package?
Some building companies work from a standard building package that includes a predetermined list of features. It’s important to take note of these beforehand because it will help distinguish which items will add to the budget moving forward.
6. Do you have any special financing programs?
Some companies have special financing programs that you may be able to take advantage of as you budget for your custom home. It’s important to know about these ahead of time so you can maximize your available budget. Be sure to consider the time and interest associated with your loan. The last thing you want to do is commit yourself to a stressful payment plan that prevents you from enjoying your new custom home.
7. Can you build what I want within my budget?
This may be the most important question you can ask going into your custom building project. There’s nothing more disappointing than pouring months of time and resources into a project only to have it turn out to be less than you had imagined. Clearly outline your expectations at the beginning of home-building process. Your building company will be able to help you determine which features and amenities you can afford, and if you aren’t satisfied, you can always take your business to a different company.
Are you in search of a reliable home builder in the greater Des Moines area? Contact Homes by Brill directly or request to learn more about our financing options. Our team has the knowledge and expertise needed to make your dream home a reality. Schedule your consultation today!
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