Sometimes an initial purchase may be more expensive but it’s all about the future investment to make it worth it.
Are you completely obsessed with HGTV or watch it on the low? There’s something inherently fascinating about watching random families bring their custom-built homes into fruition. We all look on as they live out our dreams of living in a custom, luxury home. But we then hear them say their extravagant budget or how much the home cost, and we think that a custom-built home could never happen because of the cost. But in that case, you would be completely wrong. There are actually quite a few ways to make a custom-built home a reality for your family– all within a reasonable budget. It will simply take a little more time and effort than what you’re shown on the TV screen, but with enough work, you can make reality TV into your reality. Want to learn more about how you can own a custom built home on a budget? Read this!
Check the Value of the Land
In order to kick off construction on your future custom-built home, you’ll first need a plot of land to develop. If you are on a budget, your first thought is probably to purchase whatever plot of land is cheapest. However, whatever price you initially see is probably not totally accurate when it comes to the total price of investment. Sometimes, land that is very inexpensive upfront may lack essential features for housing such as plumbing and electrical power. If the plot already has those built-in or has easy access, it may be a better long-term investment.
Don’t Be Afraid of Taking Out a Loan Early
Easily the most stressful part of the custom home building process is forking up that original downpayment and talking about paying and actually paying to have very different feelings associated with them. Therefore, it’s so important to make sure to cover the initial, early fees of the custom-built home planning process with a small loan. You can use a loan to cover commission fees, consultation fees, and designer fees, so when it comes to that often overwhelming first payment, you’ll have plenty of time to save up without needing to take out a large loan to cover it.
Prepare to DIY On Your Custom Built Home
While a professional home builder will take care of most of the construction and design of the home, there are still a few things you can do yourself to save money. For example, all painting, theming, and decor can be done yourself to save money on paying professional painters or interior decorators. Plus, it helps make your custom-built home feel much more “you!”
Design and Build Your Dream Custom Built Home with Columbia Builders!
Columbia Builders is the home builder of choice in Howard County, offering homes in Ellicott City, Elkridge, Laurel, Columbia, Marriottsville, Fulton, Clarksville, Dayton, and Brookeville. No matter what the size and scope of your project, we have the skills, experience, and resources needed to bring your vision to life. We offer a level of customization that is truly unmatched and are committed to using materials and craftsmen of the highest quality, so you can trust that your new home is built to last. Columbia Builders was voted Best of Howard County 2020 for best home builder.
If you’re ready to invest in a home, built with your needs in mind, trust in us. Give Columbia Builders a call today at 410-730-0215 or use our contact form here. You can also keep up with us on Facebook, Twitter, Houzz, and Youtube, and don’t forget to check back on our blog for more tips and information!