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4 Things You Should Know Before Building Your First Custom Home

Penny Siml - Friday, January 22, 2016


Building a custom home is a big decision. So, it's important that you feel confident in the choices you make along the way. We'd love to help you out! To get started, let's look at four things you should know before building your Indianapolis custom home.

 

1. Your Builder

 

Because this is such a big decision, know your builder. Don't simply pick the first builder who appears in your Google search. Do some homework. Dig around for answers to the following questions:

 

  • •What certifications, awards, and recommendations does your builder have?
  • •How long has your builder been in business?
  • •What does your builder's portfolio look like?
  • •What have former clients, partners, and lenders said about your builder?
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    Aside from the obvious reason of wanting a quality home, you also want to make sure you can have a good relationship with your builder. You will be working with your builder for several months and making several decisions along the way.

     

    Make sure you feel comfortable and confident with your builder.

     

    2. Not all Custom Homes are Created Equal

     

    Many builders claim to build custom homes when what they actually offer are customizations to existing plans. Make sure you're working with someone who is able to build your home exactly the way you want. You don't want to get deep into the planning stages only to be told you can only choose from three different kitchen cabinets or that you cannot create a layout that fits your needs perfectly.

     

    Another important thing you should check into is what types of materials your builder uses. Some builders use lower grade materials that are going to have to be replaced or repaired sooner, sometimes much sooner. Lower grade materials can, also, negatively affect your utility bills.

     

    Is your builder open about the materials they use? Ask! Then, when they give you the answers, do some research on your own to make sure the materials meet the quality standards you would expect from a custom home builder.

     

    Make sure your custom home is going to be built to your expectations.

     

    3. Your Financing Options

     

    I know. This is the part that really deviates from the fun of choosing a layout, finding a location, and planning the perfect details inside and out. The good news is, your custom home builder should be able to point you in the right direction. Ask your home builder about reputable lenders, but don't stop there. Shop around a little. This is probably your biggest purchase. You want to secure the best financing.

     

    The same rule from the first "thing to know" applies to your lender: don't simply pick the first lender who appears in your Google search. Do your homework. You want a reputable lender just like you want a reputable builder. It's much better to do a little more research up front rather than find out later that you could have gotten a much lower interest rate or that your lender does not have the best business practices.

     

    Securing financing may be something that you don't want to spend as much time on, but it will pay off (pun intended).

     

    4. Your Contract

     

    It may seem like an obvious thing to know, but who reads through every detail of every agreement they sign? Review your contract carefully. Hopefully after you've completed the three aforementioned items you will feel comfortable signing a contract with your builder. It is still good to know every detail of what you're signing. It will give you peace of mind and help you to know what to expect and what is expected of you. If you have any questions or concerns, ask your builder. They should be happy to explain any confusing or concerning portion of your contract.

     

    Your relationship with your builder is important, and your contract is a part of that relationship.

    Hopefully you feel more prepared to start planning. For even more tips, download our free e-book here. To find out more about Carrington Homes, contact us. We'd love to answer any questions you have!

     


     

     

     

     

     


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    Phone: (317) 336-8002

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