If you have opted to build a house, there are plenty of paths you can take to accomplish it, including hiring a custom home builder. However, we all have also heard about the benefits of buying a vacant lot, which can be a lucrative investment, especially for future homeowners in South Florida like you. For this reason, some people skip on contacting professional luxury home builders because they think purchasing lots is the answer for them.
The Pros of Buying a Lot Before Hiring a Custom Home Builder
Choosing to buy a piece of land does have its positive and negative sides. If you are in the process of purchasing land before you contact custom home building companies, you will be happy to know this decision has some advantages:
You gain complete control.
It is true that when you deal with custom home professionals, they will let you be a part of the project. They will give you pieces of advice on what lot to purchase. However, it is possible that you may feel like you are being pushed to a single direction, such as toward a specific lot. Some people do not want that, so they go for home-building projects that let them take control over everything.
By going this route, no one will demand you to make the decision or give you a limited number of options. You select the location, the neighborhood, or the city, which means you genuinely have the complete control about where the future property will be built.
You can distribute your expenses accordingly.
Some people purchase the land before they talk to a custom home builder because they are not quite ready to build the house yet, but the lot is a prime piece of property that couldn’t be passed up. Since you have not hired the builder yet, you have more cash to spare, and you can allocate it to building your custom home.
The Cons of Not Hiring a Custom Home Builder First
Unfortunately, purchasing a lot is not always perfect. It has a few disadvantages as well, mainly because of the lack of guidance. Some of the problems may not be present at first, but when they become so, you will start to think you should have hired the professional builder to help you out. Here are the most common disadvantages:
You may not know where to look.
While there may be numerous choices available, you do not have the expert knowledge about which among these lots are good and which are better than others, especially in terms of investment.
You can hire a real estate agent to help you out, but this agent may not have the knowledge needed in regards to building a custom home. Only our home builders have in-depth and particular experiences when it comes to dealing with these homes. In this case, it will be much easier for you to find the lot that genuinely fits your criteria. At the same time, you have no worries because you have the support of a professional anytime you need it.
Building on the lot is undoubtedly far more complicated than you think.
You can purchase the piece of land you want, but it may not be suitable for building a custom home. Government ordinances and codes exist, which can stop you from even trying to construct the house. If you have a professional by your side, they can ensure that the specific lot you buy meets the building and federal government requirements.
You may have a problem with the prices, measurements, and fluctuations in building materials.
If you are good with numbers, you may automatically think you understand the value of your lot, along with the cost of building the home. However, the truth is these prices change regularly. You can save yourself many headaches when you lock in an agreement and get an estimate with the help of an experienced construction management company. We assist you in devising a solid plan for how much everything will cost you from start to finish of the construction process.
You will need to deal with more upfront costs.
When purchasing a lot, you are required to have more equity upfront. It is even possible the property is not ideal for your custom home. There are so many questions that only professionals can help you with. What is the size of the lot and does it comply with the standards? Perhaps you need variances for the type and measurement of the home you wish to build. If there is a house on the land, can you entirely demolish it? The RWB team will help you answer these questions and give you guidance when selecting the property.
What do you gain by hiring us as your custom home builder?
RWB Construction Management has been the ultimate provider of high-quality construction in South Florida for more than a decade now. Working with us comes with a number of benefits, some of which include:
We understand how demanding home construction can be, but it is even more stressful to hire an architect, project manager, and contractor. Not to mention the exterior and interior design, as well as any specialty items you’d like in your home. With us, you have all this in one. We serve as your single point of contact throughout the whole process. Plus, we will work as your representative on the site to ensure your dream home becomes a reality for you and your family.
Custom builders are not an unnecessary cost. Our professionals can help you manage your budget by giving recommendations about materials and features that can save costs. Additionally, our subcontractors have been working with us for the last decade, which ensures fair and quality pricing, as well as work completed.
You save time because you eliminate the bidding stage, but it is not just that. The seamless transition from planning to designing to constructing, all the way to maintaining your estate will allow you to see your home completed in no time and ensure its structural integrity remains intact for years to come.
While some people may disagree, it helps to consider talking to a custom home builder first before purchasing a lot. RWB Construction Management is synonymous with high-quality construction and no-fret communication, which results in excellence in building luxury homes.
Contact our office today at 561.270.1808 to discuss your new home today!