You’ve been dreaming about a custom home for years. Now, you’re finally ready to build it on a piece of real estate that provides a level of privacy and autonomy you can’t find in your average subdivision. It’s hugely exciting and more than a little daunting. Building a quality custom home is a big project and obviously requires a substantial commitment both in terms of time and finances.
Some companies would have you believe that if you’ve got a computer, a phone, a calendar, and some paper, you’ve got all the tools you need to be your own general contractor and build your dream home.
The Internet is vast, but you don’t have to search very far to find scathing reviews from frustrated UBuildIt customers. And it’s not hard to understand why.
For many, owning a dream home means building a custom house that meets every need, both aesthetic and practical. While a wide range of options can be wonderful, they usually translate to more money and more time.
I've written about this before, but there are two basic types of homebuilding contracts: cost plus and fixed price. I'm going to address a key exception in the fixed-price contract that you need to be aware of and understand before you sign it.
I recently heard a gentleman who was acting as his own builder say something that gave me pause. He said the company he hired to help him be his own builder told him the city or county building inspector is his quality control department.
Building a custom home is not for everyone. I know, a builder shouldn't say such things, right? But from a builder's perspective, there are certain clients whom we've learned should never have taken on the challenge of building a custom home. It was not the best investment of their valuable time and treasure, and it's important to realize that up front.
If you're buying a used car or used house or bidding at an auction, it's probably smart to keep your cards close to your vest and not reveal your budget. That's just good negotiating strategy when dealing with a transactional-style seller.
You found a house plan that looks great online. It has an attractive exterior and the right number and kind of rooms. The overall size is actually a bit smaller than what you had envisioned, so it should be well within your budget to build.
You have a house plan you've fallen in love with. You own your land. You're ready to find a builder and start building your dream home. Problem is, you've been to every reputable builder you can find, and every one of them has said the cost to build that home is outside your budget.