Buying a home is a big decision. Not only do you need to find the right home, in the right location, and at the right price, but you will also need to pick and choose which features you can live without. Unfortunately, the number of homes currently available for sale is at a 20 year low, so it may be a good time to build. Of course, building a home can be overwhelming, since you need to find a lot, floor plan, and builder suited to your needs. Here are a few costly mistakes to avoid when building a home.
Thinking Short Term
If money is a concern, you may want to skimp on certain features when building your home, but this can end up costing you money in the future. When going through the process of building a home, make sure to include features and details you want and need now AND in the future.
Avoid thinking on a short-term basis during the initial design of your home. Even though you have not started a family yet, you may choose to in the future, so your floor plan should include this possibility. Or, you may have an elderly parent that will need to move in with you and your family in the near future. Make sure to add one or more extra bedrooms for new members of the family.
A master bedroom suite on the second floor may seem ideal, but it will most likely not be suitable when you get older. Consider a floor plan that allows you to use your master bedroom and bath now and when you are older.
You most likely have hired a builder who is licensed and recommended. In addition, your builder will probably offer a warranty on your home. However, a warranty should never be used as a replacement for a proper home inspection.
Make sure to hire a third-party home inspector that is licensed in your state. This qualified professional will inspect each element of the home after construction and before your actual closing to ensure all systems are working in the most effective and efficient manner possible. The inspection report will also offer recommendations on cosmetic changes that should be completed before your closing.
If problems are found during the inspection, your builder must complete repairs and replacements before your closing date. If these repairs are not completed, you have the legal right to back out of the contract.
Building a custom home is a great option when you are ready. By avoiding these common mistakes, you will save yourself money and stress during the process. To learn more, contact a custom home builder at a company like David James Custom Homes.