Everyone dreams of living in a home that is built according to their choices and dreams. Well, you can always have this dream house of your choice to be built, and all you will need is a home builder. When it comes to building a new home, there are different kinds of home builders, and the one will depend on what you are looking for in the finished product and what you are looking for in the process. One of the first questions to ask yourself is to decide what type to choose: a custom, spec, or tract home. So as you begin your search, here are some pros and cons to help you make your decision.
These are built for and with you. If you have a land or are planning to buy a property, you can hire an architect builder to help you create your unique vision; or you can contact a custom home builder. For the potential homeowner who wants to build a home from scratch, a custom home builder will be able to help you along the process of planning the home and attaining all of the permits needed for the build. The potential homeowner will have to purchase a plot of land, have the land surveyed, and choose a set of plans for their home. When choosing custom plans for a home, remember that these plans are only a guide. A custom home builder will be able to adjust the plans to your specifications before the final strategies for the home are set in stone. As the home progresses, the extra costs associated with incidentals will need to be taken into consideration when pricing the house and staying within budget.
Production Home Builder
The production home is one that is designed on a large scale and mass-produced as a “model”. These models are often changed up a bit with available customization and upgrades to the home. These upgrades are offered as part of a package added onto a base model home. When choosing a production home builder, it is best to buy the home as a package with all of the appliances and upgrades included. Adding these items individually can drive the price up higher than the market value may allow, leaving the owner with immediate negative equity in the home.
This builder works from a portfolio of plans and will customize a house plan for each customer. These types of builders do not design from scratch, and neither they do build a house from a plan that the customer provides. They can quote you a price per square foot as they know the house plans in their portfolio. Thus they have a good idea of the experience of what each will cost to build. Semi-custom home builders provide the construction financing, which means he will build the house and sell it to you when it’s finished. Apartments and villas are the best examples of semi-custom builders.