Planning your ideal custom built 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 considerations when setting your budget. Here’s some of the most important things to consider when setting a budget for your custom-built home.
The Cost of Land
Your first big purchase when building your custom-built home is going to be your location. Not only will the area have a significant impact on the home’s value but also your future lifestyle. It is best to take into careful consideration 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 get it prepared for the actual building process. Tree removal, landscaping, and ground resurfacing are all projects that might need to be completed. Talk to your custom home builder when looking at properties to know what will need to be done to build your ideal home.
Custom-Built Home Building Costs
The cost of building your custom-built home will usually be rather straight forward once you’ve picked a design and materials. The price can be estimated by your builder 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 into your budget, look at the efficiency of your home. Pick a design that has an open floor plan and timeless style to avoid having to remodel as your style changes. Plan now to know which features best fit your needs.
Robin Ford can help you to build the custom built 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.