Here are some things to consider when setting a budget for your custom home.
Planning your ideal custom home is a fun time. You’ve probably been checking out floor plans and kitchen tiles for months, trying to plan out every detail. But setting a budget that works and includes every beautiful detail can be tough. Understanding your total budget ahead of time, including the smallest details, is best; you do not want to make a mistake and have a number in mind only to find out the actual cost is much more for your dream home. There are plenty of aspects to take into consideration when setting your budget. Here are some of the most important things to consider when setting a budget for your custom home.
Land Costs
Your first big purchase when building your custom home will be your location. The area will significantly impact the home’s value and your future lifestyle. It is best to carefully consider the location of your future house. Is it close to your job or a decent school district? How’s the neighborhood? Is it close to some excellent amenities? Location is one thing you will want to splurge a bit more on, as it will impact each aspect of your lifestyle.
Land Improvement Costs
You might find the perfect spot, but the land itself might need some work, and usually, buyers forget to calculate this into their budget. Depending on the spot, your lot might need a lot of maintenance to prepare it for the actual building process. Tree removal, landscaping, and ground resurfacing projects need to be completed. Talk to your custom home builder when looking at properties to know what must be done to build your ideal home.
Custom Home Building Costs
The cost of building your custom home will usually be rather straightforward once you’ve picked a design and materials. Your custom home builder can estimate the price as soon as the layout and features are selected, but it’s essential to give them all the details to ensure the most accurate estimate possible. When picking a design to fit your budget, look at the efficiency of your home. Pick a design with an open floor plan and timeless style to avoid remodeling as your style changes. Plan now to know which features best fit your needs.
Robin Ford Can Help You to Build the Custom Home of Your Dreams!
With over 30 years of award-winning custom home-building experience, Robin Ford and his team of expert craftsmen have earned a stellar reputation for their commitment to quality. Click here to learn more about our financing options and how we can help you find a home within your budget.
As an Indoor airPLUS Partner, ENERGY STAR® Partner, Certified Green Professional, and Maryland’s only proud member of the exclusive Southern Living Custom Builder Program –Robin Ford Building and Remodeling, Inc. is equipped to build you a home that your children’s children will want to own.
Call 410-239-8850 or contact us here to start experiencing The Robin Ford Difference today. You can also connect with us on Twitter, Pinterest, and LinkedIn.
