Choose Your Lot
First, it is a good idea to find the property that you want to build on. Make sure you research the exact plot size, the previous sale price, and the zoning and tax laws of the area, to ensure that you are even allowed to build a home on that plot.
Funding
The traditional way to pay for the construction of your home is through a construction loan with a bank or credit union. You can have any number of modifications installed, or eliminated from the plan, to change the price your home will cost you. Using a drafter to render your home drawings is a great idea to get the scale of the size in your mind. So before going to your lender, you should see an architect or drafter.
Find An Architect
From California to New York to Arkansas, home plans include foundation, framing, siding, plumbing and electrical details, and can range from as little as $600, to as much as several thousand. It is always best to screen at least three applicants before you hire any professional and architects are no different. All you need to do now is to stop by the bank and show them your building plans.
Don’t Be Too Rigid
Building a custom home is no simple task. The building of your home is often dependent on issues that are outside of your control, such as weather conditions or availability of products needed. It will take you a long time to complete the project so don’t be impatient or pushy with your subs.
I didn’t say it would be easy, but I do think it is a rewarding task so hang in there. Making sure to keep the ball rolling until you are finished will help you stay focused on completing the project in a timely fashion. Not reaching your goal to complete your home construction will potentially cost you everything you have, so failure is not an option.
Understand that this is a simple outline. Plan on using all of your time, in one way or another, to teach yourself as much as you can about construction in general, and you will be far ahead of your competition.
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