You’ve decided to build a custom home. Congrats! There are a couple of ways forward from here. Your first option is to work with a custom home builder to find a lot where you’d like to build. Your other choice is to purchase land on your own. Check out some of the pros and cons of buying a lot before consulting a home builder.
Pros
There are some positive aspects to purchasing your land before working with a home builder. Here’s what you can expect if you choose this route.
Complete Control
Purchasing land on your own terms means that you have complete control over the decision. You can choose the lot’s size, the location, and neighborhood. For some, this makes the decision completely worthwhile. After all, you’re building your dream home! You don’t want to settle on the location.
Better Loan Options
In some cases, owning land before building may help you obtain a loan for construction. To understand your different loan options, speak with a banker or loan officer.
Cons
Buying a lot before consulting a builder has some downsides, too. Here are some of the challenges you’ll face.
May Cost More
Builders are able to purchase large amounts of land at a lower cost, which they can then pass on to you as the buyer. Building companies also have extensive knowledge of the worth of land, and they can protect you from overpaying for your lot.
Lacking a Professional Opinion
A lot may seem perfect to you, but if you don’t know what you should consider when looking for a lot, you could make a costly mistake. Builders look at your land with the whole picture of your future home in mind. An expert’s opinions can be crucial when it comes to understanding the future development, zoning requirements, and natural hazards in a particular area.
Requires Retrofit Design
Chances are that you have an idea of what you want your new home to look like, but do you know what that requires? Purchasing a lot before your new home is designed may force you to compromise on layout decisions. When you work with a builder, they can recommend a lot that allows you to build the home of your dreams without any compromises.
Whether you’ve already selected your lot or you’re eager to begin the search for your building site, contact Homes by Brill. As a leading expert on custom homes in the Des Moines area, the professionals at Homes by Brill have everything you need to begin your home building journey. For first-time builders and old pros alike, Homes by Brill is the way to go! Schedule a consultation with Homes by Brill to learn more about our building process and how our team can make your dream home a reality.
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