Build on smaller lots
During the past decade, the share of new single-family detached homes built on lots smaller than a fifth of an acre grew dramatically. Currently, two thirds of new homes are being built on these smaller lots.
These smaller lots are ideal for buyers who don’t want to maintain a large yard. They also mean lower costs for hardscape, fences, and brush clearance.
The nation’s spec home builders are shifting their product line towards smaller lots. In particular, the president of Berkeley Building Co. decided to offer a small lot product to meet the needs of young families. These homes typically have vaulted
ceilings, front-facing garages, and clever storage ideas.
According to Census data, the size of lot sizes has changed dramatically over the past decade. The lot size median has decreased from 8,250 square feet in 1990 to 6,970 square feet in 2016. The median square footage of a single-family detached home increased from 1,938 square feet in 1990 to roughly 2,300 square feet in the first quarter of 2018.
In addition to lower land acquisition costs, smaller lots tend to create tighter communities. They also tend to allow more neighbor-to-neighbor interaction.
Build on land already owned or the builder owns
Buying a plot of land to build a new home has its benefits and downsides. The upside is that you will be able to build a custom home in a matter of months, compared to the years it would take to plan, design and build a custom home. The downside is that you are responsible for paying for the costs associated with the land itself, not to mention the expenses associated with obtaining a building permit.
Buying a plot of land to build your own home is a big decision, and you should not take it lightly. The best thing to do is to consult with a home builder to determine if your new abode is actually the right fit for you and your family. Having a home builder on your side can help you to navigate the minefield of home buying.
Work with subcontractors
Whether you’re planning to build your own home or just looking for a contractor, you’ll need to find a good subcontractor. A good contractor will have a solid relationship
with subcontractors and will know who does good work and who doesn’t. This will help you to ensure a well-built home.
Subcontractors may be single individuals or companies. You should make sure they are licensed and insured.You may also be able to get Renovation Builders a discount if you pay them in cash. However, not all subs will be available when you need them.
You should have a written contract outlining the scope of work, the specific installation methods, and the payment schedule. You may also want to include a written warranty and bonuses for late completion.
You should also check the license of the contractor you choose to build your home with. If the contractor is out of business, you may not have recourse if you have problems with the work.
Schedule walk-throughs and visits throughout the construction process
During the construction of your new home, your home builder will schedule walk-throughs and visits. These inspections will allow you to check the exterior, interior, and mechanical systems of your home for defects. You will also be able to learn how your home works and how you can maintain it.
It is important that you attend all of your scheduled walk-throughs and inspections. If you do not, you may not be aware of problems that have not yet surfaced. If you see something that needs to be fixed, contact the builder to arrange an appointment.
The walk-through will consist of the homeowner and a construction representative inspecting every surface of the house. During the walk-through, you should ask questions and be thorough. You should also bring a camera and notes