Tips to Help You Navigate the Home Building Process

“What is my budget?” “Will I have enough storage space?” These are only a few of the questions you may be asking as you begin to think about the home building process. Building a house from the ground up allows you to create the perfect space for your family’s needs—from selecting the floor plan to customizing finishes suited to your lifestyle and taste. Take into consideration these tips to help guide you through the various steps to building a house so you can create a space that is a perfect fit!

Budget for More Than You Expect

Regardless of how carefully you budget for your new construction home, there is always the chance costs may change. Whether it be an element not included in the original estimate provided by the builder or project extensions, costs can be tricky to calculate from the start. For example, your builder may not factor additions like electrical and gas meters or window coverings into an initial figure. Elements such as landscaping or fencing might also be costs not covered by the estimate. Additionally, it is wise to budget for last-minute changes like swapping out any fittings or materials that do not match your expectations. The more room you leave yourself in your budget, the better.

Choose the Right Builder

This is likely one of the most important decisions you will make during your home building process. Make sure any builders you consider are licensed and insured in the state you live in. You will also want to ensure your chosen contractor is a member of the National Association of Home Builders. Browsing a builder’s past work can help you determine whether their designs suit your style. Some home builders may specialize in constructing traditional two-story homes, for example, while others offer expertise in open-concept single-story houses. Reviews are another great resource to consider when searching for a high-quality building partner. 

Understand Your Agreement

Carefully read through your builder contract to ensure you understand its contents fully. It is important to know exactly what the construction costs do and do not cover so you are not taken by surprise by any extra lines appearing on the final invoice. Additionally, check to see if the contract includes warranty and insurance information. At Perry Homes, each of our new construction homes comes with an Express Limited Warranty covering structure and workmanship.

Have Your Finances in Order

In order to start the home building process, you will need a construction home loan. This type of financing is structured so that the lender will not release all the funds at once. Instead, the lender will determine how much you need for the project and then release the funds in periodic payments, or draws, to the builder. These draws will be paid out after each stage of construction is finished. 

Find an Independent Inspector

It is recommended that you hire an independent consultant to inspect each stage of your new home’s construction. This will ensure that the building materials and methods used to construct your home meet all the necessary codes and regulations. Look for an inspector who is reputable and qualified to perform evaluations in your area. The International Association of Certified Home Inspectors (IACHI) recommends homeowners should have two to three inspections completed before it is time to move in.

Communication Is Key

It is important you communicate with your builder throughout the home building process. You may be able to opt in to receive regular updates on construction or you can simply check in periodically for news. The home building experience will be much smoother if you clearly explain what you want and which details are non-negotiable— this can help you avoid disagreements or misunderstandings during the process and ensure the finished product is exactly to your liking.

The home building process can sometimes be confusing as you make your way to your new home purchase finalization. There are several steps you can take, however, to better understand the process and make it more enjoyable for everyone involved. Are you on the hunt for a new home in Texas? Explore and compare Perry Homes’ available properties to help you take one step closer to your dream home.