If you’re curious about building your own home and considering it instead of buying an existing home in Baltimore, you’ve probably given it quite a bit of thought already. Most people don’t launch into this process on a whim. After all, most people assume they couldn’t afford the process at all and buying an existing home is their only option. It may be surprising to find that a custom home actually is within your possibilities, but that still doesn’t mean it is the right thing to do. Before you commit to this path of building a custom home, ask yourself some of these questions.
Can you afford a custom home? This is the most obvious question that goes along with the process but there is much more to it than you might imagine. There is, of course, the on-paper cost of hiring a home builder and doing the actual construction of the house. This often ends up being surprisingly close to the cost to purchase and remodel an existing home to fit your needs, which is why people dive in without another thought. However, you need to ensure that you have enough of a budget to cover all of the possible additional costs, or you could lock yourself into a bad situation. For instance, you know you will need to pay for land, building materials, and labor for planning and construction, but once you’ve chosen your land you may find it requires unexpected expenses like additional surveying, running new power lines, or drilling for a well or septic system. Some of these things you could foresee with adequate research, but some you can’t. Before you commit, ask yourself if you have enough of a budget to cover the home and at least 10% more to cover the possibilities.
Can you handle the process? Building a custom home requires much more time than buying something existing. If you’re short on time or lack the patience to wait out a lengthy process, this is probably not the choice for you. The process also requires a lot of decision making and it can be very stressful on a marriage.
Are you going to be able to get what you really want and need for your budget? This question starts with an honest assessment of your needs and your wants for your new home. If you need to be close to family, is there property available in the area? If you want a big house and a big backyard, can they both honestly fit in your budget? If it starts shaping up like this is the right choice, this list will come in handy when you sit down to find the right custom builder for you.
Custom Homes From Cedar Square Homes
Cedar Square Homes provides a variety of services to our customers, including custom home building to match your needs. We are trusted throughout Maryland for our excellent service and affordable home remodeling prices. Some of the areas we serve throughout the state include Anne Arundel County, Annapolis, Crofton, Severna Park, and Pasadena. Wherever you live, you won’t regret contacting us online or giving us a call at 410-987-9771. To see more examples of our work and stay up to date on our promotions, follow us on social media on Facebook, Twitter, Google+, and Pinterest.