New Year, New Home Resolutions
The New Year calls for new resolutions! With all resolutions, it’s important to set incremental goals along the way to help you have small wins, stick to the goal and ultimately achieve success. If you plan on turning your dream home into a reality this year with a custom-built home, here are a few new home resolutions to help you reach your larger goal.
Know What You Want
When it comes to building a dream home, homebuyers should first figure out what they want in a home. Do some research and start compiling a list of must-haves including rooms and home features. Separate your list into needs and wants and continue prioritizing in order of importance. When attending your design meeting, have your list ready to discuss. Generation Homes designs many homes in-house, but we also will work with local designers or architects. This allows a custom design that best suites the clients unique lifestyle while also working within their budget.
Figure Out Financials
Building a custom home is a financial commitment. Before discussing floor plans and features, homebuyers should meet with a lender to figure out their financial standing. Figure out what you can afford, if you will need to take out a loan and, if so, how large of a mortgage you can realistically afford. Be aware that mortgage loans for new construction homes are different than those for pre-existing homes. With new construction homes, homebuyers can apply for a construction to perm loan or a construction loan. While short-term and construction loans can be extremely helpful in providing homeowners the cash they need to build their dream home.
Getting organized is a popular New Year’s resolution in general, but especially for those looking to purchase a custom home. Building and buying a custom home is a complex process that requires organization on both ends. For homebuyers, this involves collecting and keeping up with a number of items such as a wants and needs list, accurate credit report information, financial statements for mortgage, pre-approval letter from your lender and all other contracts and building related documents. File documents in a labeled binder or folder to keep them safe and accessible throughout the process.
Learn the Process
Building a custom home from the ground is a lengthy and rewarding project. Considering homebuyers have a lot of input in building a custom home, it pays to understand how the process works. At Generation Homes, homebuyers are just as much a part of building process as the builder. Homebuyers walk through each stage of the process with the builder to stay informed and achieve the results they expect.
Find A Builder You Trust with Your New Home Resolutions
Building your custom home requires a team, so why not find a team you can trust? Ask around town and do your research to find an experienced local builder that best matches what you’re looking for. A good builder is always open to questions, so don’t be afraid to set up an interview to discuss their background, experience, style, construction methods and building process.
With over 36 years of experience in residential design, home building and real estate in the Charleston area, Generation Homes is a name you can trust when it comes to new home resolutions and new home construction.