Have you always wanted to have a home with a large entertainment area, game room, or perhaps a dance studio? If yes, then a custom home might just be what you need to fulfill that dream.
Purchasing a home is an essential part of the American Dream and it is one of the biggest investments you will make in your life. But the whole experience is made much exceptional if you can a build a house that meets your specification. However, before you start making decisions about your dream home, the first thing you have to do is learn everything about how a custom home building works.
Get Your Finances Ready
Constructing a custom home does not have to be costlier than purchasing an existing or newly built house. With the help of Dawol Homes, you can build a modest custom home, however, getting all the construction materials individually instead of in bulk can increase the price dramatically compared to production houses. The crucial thing you need to remember is that the decisions you make regarding the land you wish to purchase, the quality as well as the design will all make an impact on the total price.
You need a construction loan when it comes to financing a custom home and this type of loan is offered only by a few lenders. If you don't own a land yet, you need to should the cost of buying the land and the construction of the house. In most cases, you are going to have two closings, and each of these will bring upon settlement fees.
Lenders consider building a custom home as risky and that's why you must have an excellent credit. You also need at least 20 percent to 25 percent down payment if you want to have higher chances of qualifying for a construction loan. Apart from that, lenders require borrowers who want to build a custom home to have bigger cash reserves to make sure that they have the funds set in place for any issues that may require the extension of the construction period. Additionally, don't forget about your insurance.
Talk To Builders and Architects
In case you have a specific kind of home that you wish to have, you can begin by looking for architects who are known in your area to have built similar designs. There are a few custom home buyers who would rather find a builder first and ask him to recommend an architect who can design your home while others prefer to do it the other way around. You can also find a build or design firm that can take on the whole project. It does not matter what route you take, what is important is for you to carefully check references, interview possible partners, and check out examples of their work so you can evaluate the quality of their work before you make your final decision.
Begin With A Land And Plan
If you already bought a land, you must talk to potential architects and Myrtle Beach custom home builders at the site and talk about probable plans and issues. In case you do not own any land, there are builders who can assist you in finding a site or they can refer you to a realtor who can help you. It is important to make sure that your land plan and home design match. You don't want to design a home and then end up finding that the land you purchased cannot accommodate it.
It would be best if your builder will walk the land with you and figure out the extent of preconstruction required including the positioning of the utilities like driveway and septic system.
Check The Neighborhood
A lot of people who construct a custom home think they will never be able to sell it in the future. However, you might wish to relocate to a different place or even construct a new custom home. It is nice to think about the resale value when constructing a home. To be more specific, you should match the general size and the price range of your custom home to other houses in the neighborhood so your house won't stick out because it is overpriced and oversized.
Avoid Cost Overruns and Delays
Planning your dream home from the ground up including every single detail in between can save you money and time if go for a custom home. Your decisions regarding each detail of your house must be made well before your home's construction begin so you could lessen the chance that materials will not be available whenever required or that you'll have to demolish things that have been constructed already so the change you want to have can be accommodated.
Careful preparation and hiring a great team could help you have a fun and exciting custom home experience.
A spec home is not for everyone. It is an excellent option for people who want to enjoy the advantages of owning a brand new house and be able to move in right away. However, this option is not ideal for those who want to have a say in the different aspects of their Myrtle Beach new home. A home buyer who prefers a spec home will have the ability to choose from a limited range of colors, cabinetry styles, as well as floor plan options. Given that, spec homes are more affordable and best for people who are on a limited budget but still want a new home.
If you are looking to purchase a brand new home in the Myrtle Beach area but do not wish to wait several months to have it constructed from the ground up, you should consider buying a spec home from Dawol Homes. It is a residence that is constructed on speculation, which means builders designed it with features that they believe will appeal to most home buyers. By constructing the house on “spec”, the construction company seeks to provide a package that home buyers will consider as attractive.
Apart from potential cost savings linked to buying a spec home in Myrtle Beach, purchasing this kind of model home offers the buyer the chance to check the property before making a purchase. When purchasing a brand new house that is built from scratch, the buyer won't have the same opportunity. Consequently, for people who wish to have the chance to walk through the house before they buy it, a spec home might just be the best choice. This holds true if you don't want to include any special features into your new house.
For buyers who are looking for a spec home, it can be described using different terms. These include immediate delivery homes, move in ready residence, inventory homes, as well as featured homes. When talking about your preferences with your real estate agent, you will notice that these terms are used interchangeably. But you can be sure that they all mean the same thing. So, if you want to cut short your waiting period from at least six months to only 30 to 60 days, a spec home from Dawol Homes should be on top of your list.
Another advantage of spec homes is that home buyers will save themselves the cost of hiring a design firm. Spec homes are designed by professionals who have figured out the best finishes, colors, and architecture for homes that are easy on the budget. Spec home builders like Dawol Homes have greater purchasing power, which lets them save money when purchasing materials for the construction and design of the house. As a result, they are able to pass on these huge cost savings to the home buyers in the form of more affordable houses.
Furthermore, purchasing a spec home can help home buyers avoid complicated lending structures as well as progress payments, since many of these houses are sold with settlement once finished. Knowing exactly when you can move in to your new house is another amazing benefit of opting for a spec home.
Dawol builds homes in popular high end communities with top of the line products. We currently have a home in Collins Creek Landing that is over 5000 sq. ft. and has all the bells and whistles that today's home buyer is looking for. This attracts buyers that desire a custom home that is ready and designed by our expertise. If a buyer chooses to purchase the home while it is under construction, they will be able to make decisions from that point on as long as no orders have been made. For example: If the house is in the framing stage, they would more than likely be able to choose cabinets, lighting, flooring, interior and exterior doors, counter tops, appliances, landscaping, etc…
We have another spec home that will begin in a couple of months in Waterway Palms. This will be another large home with all the bells and whistles.
If you are interested in buying a new home, be sure to consult with the professional and experienced builders at Dawol Homes. We are one of only a few local builders to offer both spec homes and custom built homes depending on what the buyer needs.
Building a dream home is among the biggest investments that most people will have in their lifetime. Given that, it is only natural to have the desire to get things done right the first time around. To ensure a successful project, you need to select the best custom home builder in Myrtle Beach. Keep in mind that you will most likely be working with them for 6 months to a year and that is why you need to find one that you can trust.
How Can A Custom Home Builder Myrtle Beach Help You?
A reliable custom home builder like Dawol Homes will represent the best interest of the homeowner. We are an important member of the design team. We work with the homeowner and other professionals to make sure that the project is completed efficiently, in a timely manner, and within the set budget.
Dawol Homes custom home builder:
What to Look For In a Custom Home Builder
If you are looking for a reliable custom home builder in Myrtle Beach, you need to check their credentials and track record with the State Contractors Board. Look on their website for customer reviews as well as other sites on the internet. Dawol Homes takes pride in our exceptional customer service. We are with you from the design phase to after closing. Our team has the experience to make your dream home a reality.
Builders must also be insured and bonded. Research all the requirements that were set in place by the State Contractors Board. Dawol Homes will be happy to provide you with a proof of insurance and bond before you sign a contract.
A lending institution will ask for the financial information of your contractor before he is authorized as an approved builder. Dawol Homes is financially solvent and ready to provide all documentation needed by the bank.
Hire A Lawyer
You should also hire a lawyer who specializes in construction law and contracts. Ask him to check the proposed agreement and revise the contract to satisfy your preferences and safeguard your investment. You have to understand the contract and make sure that you are comfortable with it before you sign it. Never sign anything unless you are 100% clear about everything.
Finding honest and reliable custom home builders in Myrtle Beach can be difficult. But you need to hire the best one to make sure that your project is going to be handled only by the pros. Dawol Homes has the experience you need to ensure this investment meets your expectations.
Dawol Homes is a premier Custom Home Builder located in Myrtle Beach, SC. Founded in 1996, each year Dawol Homes has grown given its commitment to exceeding Customer Satisfaction. David Wolons, owner and President, moved to the Myrtle Beach area in 1996 from West Boylston, Massachusetts. With many years of experience as a General Contractor, David started Dawol Homes with a desire to build homes with quality and unique features for each and every homeowner. Over the years, the company has expanded to provide more than just custom homes. Among the Dawol Homes offerings are: house/lot packages, plan design, home remodeling, and Commercial construction.
3100 Dick Pond Road
Myrtle Beach, SC 29588
FIND ME ONLINE