New Home Building 101: What You Need To Understand

If you have decided that now is the time to jump into homeownership, you might be looking at the housing market and hoping to avoid a bidding war on an owner-occupied house. If so, that may leave you looking at building a home instead. Unfortunately, many people are far more experienced with buying owner-occupied homes, so that leaves a lot of questions and uncertainty in dealing with a home builder. Here's a look at some of the things that you should know before you reach out to any home builders in your area.

Builder Expertise Varies

When you're new to working with home builders, you might think that it doesn't matter which builder you go with because they all do the same job. This couldn't be further from the truth. The fact is that builders all have different skillsets and expertise.

Some builders specialize in building from their own designs and create developments with homes of similar floorplans. Other builders specialize in custom homes or high-end construction. 

Additionally, builder personalities will vary widely. As a result, you may find that you work better with one builder than another. If you have similar personality traits and visions, that can make a difference in your experience. Take the time to talk with several different builders before you make your choice so that you find one that you are comfortable with.

You Don't Have To Wait For A Custom Home

Some people shy away from working with a home builder and opt for an owner-occupied home instead because they are worried about having to wait for a custom home to be built. If you're hoping to buy and move into a home sooner than you'd be looking at if you had to design and wait for a custom home, look for a builder that has constructed homes already available.

In most situations, if you work with a builder that has pre-constructed homes available, these are homes that were built with the intention of selling them thereafter. Sometimes builders wait until an entire development is finished before listing the houses, and other times, they list each house as it is finished.

Don't feel like you're going to be left without choices by buying a home from a builder with pre-constructed homes. Most of these builders will have more than one floor plan available so that you can choose the one that best suits your needs and your family's goals.

You Don't Necessarily Need An Architect

There was a time that buyers who wanted to have a home built needed to hire an architect to draft the plans for the home before they retained a builder's services. Times have changed quite a bit since then. While you can still work with an architect first if that's what you prefer, more builders than ever have the architectural skills to draft the plans for you as well as construct the home.

One of the benefits of working with a builder who can also draft your home plans is the fact that it can save you a substantial amount on your home construction project. In most cases, you'll pay more for an outside architect's services than you will to include the architectural drawings as part of the package with your builder.

Additionally, by working with a builder who can draw the plans, you'll have the confidence that the plans are something the builder can execute, and you'll eliminate any risk of misinterpretations or mistakes occurring from the builder having to read someone else's plans.

These are some of the things that you should think about when you're deciding if you want to have a home built. Talk with a few home builders in your area for more information.