Things You Should Know About New Home Construction

June 25, 2018 3:23 pm Published by Leave your thoughts

Building your own home means freedom from floor plans that just don’t make sense for you and construction that leaves much to be desired. It’s a chance to start from scratch and build something uniquely “you.” But the process leading up to putting the key in your new front door lock can be daunting and stressful. In fact, problems are more than likely to pop up, and if you don’t know what you’re up against, a dream can easily turn into a nightmare. Before jumping into your planning and building process, you must make sure you have considered the most crucial aspects of your project.

What are the most important things you need to know when planning a new home build? Here are some basic tips from custom home builders in Tyler, TX:

  • Know your budget: Whether we like it or not, building a new home hinges on having the money to make it happen. From choosing high-quality building materials to hiring the right architect and builder, money is an essential part of the process. You should always plan to have extra funds on hand in case your project hits a snag.
  • Choose the right builder: Now that you know what you can realistically afford, choosing the right builder to make it happen is the next part of your new home journey. At this stage, you will want to make calls, ask for references, check licenses and have frank conversations about your goals and needs. If you have a bad feeling about a particular construction company in Tyler, TX, trust your gut and move on.
  • Check their reputation: As mentioned above, you’ll want to thoroughly vet the contractors bidding on your job. Too many horror stories have been the result of too few questions and too much misplaced trust. Once your contractor has provided references, call them and feel free to ask the tough questions.
  • Consider the future: When it comes to building (or even buying) a home, people have a tendency not to think as much as they should about the future. They buy or build too small, or buy or build way more than they need. Talk to your family about the future, and about any plans to grow. After all, your home needs to fit your family’s needs for the long term.
  • Research lenders: If you aren’t independently wealthy with cash in hand, you’ll need to look for lenders willing to make your home build possible. Treat the banks and lenders the same way you would your prospective builders—ask questions, be frank and realize that, at the end of things, they will be making money from your loan. Make them compete for your business!
  • Get agreements in writing: Simply put, don’t do anything without a contract. If something goes sideways, you’ll need to have all of your agreements in writing when things go to court.

Is a new home build in your future? For more information about new home construction, please feel free to contact the experts at Canfield Construction Management. Our experienced home builders in Tyler, TX are ready to help you build the home of your dreams!

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