Aspiring for a Custom House? Here’s What to look for in your Custom Home Design
Let’s be honest, planning have a custom home built is not for the faint of heart. The costs of financing and home construction loans are less important than the commitment required to see the project through. There will be a lot of consideration and questions that will need answers before any custom home design can be built. You will likely hear, is building a custom house within your financial abilities? Does your property require an understanding of septic tank or sewer? Are there wetlands or other conservation issues that deal with zoning and land use and easements (Very common in cottages) Understanding these questions and what will contribute to your custom home will help avoid digging yourself into a financial hole.
Anyone who has been involved in the design and development of custom homes will advocate that your money is best spent on people who have proven experience. So lets delve a little further into the design aspect so you can hold you own in any conversation that you may have with a contractor, designer or the person issuing the home construction loans
What to ask yourself before Finalizing you Custom Home Design
What are your tastes? Do you have like modern, contemporary, traditional, or
country home styles?
Define your planned budget? How much you can afford to spend will cap your options. Make sure to consider as many additions to the base price of the house plans that you choose so you don’t hang yourself to dry.
How much land and space do you need? Try to consider your needs and plan around them, the best start is how many bedrooms you would like to have
Source custom home plans that have the amenities included all appliances,
landscaping and garages. Most any builder or architect will include these
things but it never hurts to double check to be sure. This way, you'll be
getting the most for your money.
Most home builders are flexible and provide you with the custom home you want, no matter obscure they may be.
Custom Home Plans
What should be included in your Custom Home plans?
Start with a cover sheet then a foundation plan, fully dimensioned floor plans, all four elevations plans, detailed roof plan, framing plans and lastly electrical plans
Be sure to include any necessary cross section details, foundation details, cornice details and wall sections Electrical plan details
When it comes to purchasing a custom home, the builder may be restricted and you might not get exactly what you would like. If this is the case, be sure to look at custom home plans from different builders. You can even find a fit from the hundreds of designs that have are pre-planned and then customized to suit your exact needs and desires for your perfect custom house
Custom Home Floor Plans
Your Custom House may Require some Home Construction Loans
Construction loans or story loans as referred to by some banks meaning that the lender has to know the story behind the planned home construction prior to receiving your home construction loan. These loans aren’t going to be standardized like typical mortgage loans underwritten to bank guidelines. That being written, there are a few consistent features to a construction loan. Home construction loans understandably require interest only payments during construction phase and become due upon completion. Completion for home owners means that the custom house has its certificate of occupancy.
Construction loans are typically variable-rate loans priced at a spread to the current prime rate. You, your home builder and the lender establish a draw schedule based on stages of construction, and interest is charged on the amount of money disbursed to date.
What to look for in your Custom House Design
Custom home plans are anything that you want them to be. It's all about
finding what works for you, it is your home to customize. Building a custom house
isn't like buying one that is already standing. Compromises shouldn't be a consideration
and you should never settle for less than what you want.
Once you have chosen the right home building company to work with, work with them on the lot size, the home size, and the budget that you have to work with. Every buyer has their own components to consider, so you should always research and plan carefully so that your dream home is a dream come true and not a horrendous series of events of bad planning and rushed decisions.
Why buy a house already standing when you could build yourself a custom home of your own for the same price or less?