1. Determine Your Budget
Calculating how much you are willing to spend is the first important step to success in your building project. This should be done first, because all other building decisions are affected by your budget. If you plan on applying for a loan, you should meet with an experienced lender to evaluate the process. Shopping several lenders will give you the ability to compare terms and see which loan options best fit your needs.
2. Property Selection
Next, you should decide on the location for your build. The municipality or township in the area you are considering can provide you with restrictions and setback information that affect your property. In addition to the cost of the home and land, there are other site-specific costs that should be considered. These are things like: wells, septic systems, city water and sewer hookups, culverts, driveways, tree/stump removal, fill dirt, topsoil, gas/electrical hookup, etc.
3. Choose a Builder
We recommend that you meet with several different builders to better decide for yourself which one you feel is most accommodating to your needs. Ask the builder how much per square foot and see what type of response you get. This of course varies greatly depending on the type of project you are proposing and should be answered with more questions from the builder rather than a set amount. After meeting with several builders, gauge your comfort and trust level with each before making your final decision.
4. Decide on a Floor Plan
There are only two limiting factors when it comes to designing your dream home: your imagination, and your wallet. Remember, it doesn’t require spending any money to find out how much your imagination costs! Plus, don’t get stuck thinking you have to stay within the confines of a specific plan or design. Think of blueprints as pieces to a home, rather than an entire home that can’t be changed. Choosing a design-builder will give you the freedom to mix and match as many pieces as you like to create the perfect house to fit your needs. Check out our free plan book for ideas.
5. Home Proposal
Your builder should provide a written proposal that includes all items involved in your build, along with a list of upgrades you may choose to consider. Don’t be afraid to ask your builder to adjust the proposal as many times as necessary until you are completely satisfied with the results.
6. Sign a Contract
After all decisions have been finalized, you should be given a building agreement to review at your leisure. Be sure to read all documents and make certain you are comfortable with their content before signing. Most builders will require a deposit at this point. After the selection process is finished, work will begin on your new home!
7. Move In and Enjoy Your New Home!
Once your home is complete, you should schedule a walk-through with your jobsite supervisor to ensure all work has been completed to your satisfaction. Then, sit back and enjoy!