Read on to learn about the expenses that the owner of a custom house should expect.
Finding the perfect home out of the house available on the market is an impossible proposition. You can get close, but there will always be something that is not exactly how you wanted it. Whether it be the location, the layout, or the aesthetics, something about the house will need to be upgraded, fixed, or changed. The only way to get a home that is 100% how you want it is to custom-build. This can be a long and work-intensive task. It is usually more costly than buying a pre-built house, even though most custom homeowners would say it is worth having the home of their dreams. Read on to learn about the expenses that the owner of a custom house should expect.
Mortgage
Obviously, this cost is associated with any house, but it is an expense you have to plan for. Your monthly mortgage payment will be outlined when you take out the loan to buy your home. It should be the same amount every month for the life of your loan. Make sure that you pay it in full and on time every month.
Insurance
This is another expense that is not unique to just custom homes. You need to secure homeowners insurance. This insurance protects you against repair costs if something happens to your house (storm damage, fire, etc). It also protects against liability if someone is hurt while visiting your property. You will likely be required to have it as part of your loan agreement.
Utilities
This covers all of the monthly bills that keep your home livable, and again, they are not unique to a custom home. These include water, electricity, cable and internet, and sewer and gas costs. These can change over time as your usage and the costs of the services change.
Property Taxes
When you own property, you must pay taxes to the local and/or state governments. These taxes are typically due in the fall, though some areas give you a discount if you pay early.
Cleaning And Maintaining Your Custom House
Over time, there will be costs associated with maintaining your custom home. You will have to buy cleaning supplies or pay a company to clean for you. You will have to do maintenance and likely pay a professional to service your appliances periodically. You should also be putting aside savings for emergencies, should they crop up.
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.
