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How Does Building a Custom Home Work?

If you work hard for your money and want your home to have all of the features you love, the best way to get that is by hiring a custom home builder to put it all together for you.

Custom home building recently increased by nearly 11% in a single year. Not only are custom homes one-of-a-kind, but they can also give you plenty of equity and a return on investment (ROI).

It makes perfect business sense, and also improves your quality of life. But the big money question is this – how can you build the custom home that you’re looking for? We’re happy to explain.

Keep reading when you’re interested in building a custom home that’ll be your dream house for the next 30 years and beyond.

Envision What You Want and Need

Before hiring a home builder, put your thinking cap on and brainstorm everything you want and need from a new home.

Perhaps you’re interested in making the switch to solar energy so that you reduce your monthly bills, protect the planet, and keep the lights on during thunderstorms. Maybe you prefer different design and architecture styles, such as Tudor, Cape Code, Colonial, or Modern.

Figure out how much square footage you need, how many bedrooms and bathrooms, and other core details. From here, you can approach professionals that can help you get the home that you’re looking for.

Start By Securing Land

Before building a home, you’ll need a plot of land that can accommodate you. Scope out the areas of your city that interest you most, and find available acreage that you can build on.

If you’re a Park City resident, here are a few popular neighborhoods and districts you may choose to look into:

  • Silver Springs
  • Downtown
  • Kimball Junction
  • The Avenues
  • Lower Deer Valley
  • Central City
  • The Canyons

Land is one of the most significant parts of the investment and is an important part of creating the equity that you’re looking for.

Work With the Best Designers and Builders

Putting together a quality custom home comes down to finding the perfect match of home builders, architects, interior designers, and other contractors. Book a consultation with a team of professionals that have the expertise that you’re looking for.

Make sure you come prepared with the right questions before hiring your home-building team. Ask them how many new construction home projects they’ve built, and look into photos, tours, and videos of their previous work. Choose pros that are licensed and insured, and get recommendations from people you know who have built custom homes.

Secure Financing and the Best Materials

When you’re learning how to build a new home, you need to manage the financial details. Figure out what kind of mortgage, home equity line of credit (HELOC), or other situation works best for you.

Pay close attention to the interest rates, and get pre-approved before approaching builders. Getting your funding upfront will help you come up with a budget early in the process.

Once you know how much you can spend, you can also begin searching for the best building materials. Ask your prospective builders which materials suppliers they partner with, and always go for quality materials that will last for several years.

Building a Custom Home on Your Terms

The tips above are helpful when your heart is set on building a custom home. If you use these tips, you’re just a few steps away from getting the home of your dreams.

NRGY Homes & Construction is your resource when you’re looking for the best design, construction, and architecture for your brand new home. We serve customers with new home dreams all over the Park City area and beyond.

So, what are you waiting for? Take time out of your day to contact us via our site, or give us a call at (435)315-0192.