Are you thinking about purchasing a piece of land before hiring a custom home builder? There is a positive and negative side to buying a lot beforehand. You might save some money and be more in control by purchasing land first. However, custom home builders bring extensive knowledge to the process of purchasing land that you may find invaluable. The following will help you decide whether or not to purchase land before hiring a custom home builder.
The pros of buying land before talking to a home builder
While there are probably more benefits of hiring a custom home builder before you purchase a lot to build on, there are some advantages to purchasing land before you hire a builder.
1. You’re in complete control
While a custom home builder will always provide advice on what lot or piece of land you should purchase, they could push you in one direction. By purchasing the land before hiring a builder, you will be in complete control of where the property is located.
2. You can separate your expenses
You may not be ready to build your custom dream home. However, you might be in a situation where you can buy the land you want to build your future home on. Perhaps the piece of land you have always wanted is finally up for sale. Purchasing the land before hiring means you can separate the costs associated with building a custom home and purchasing land at the same time.
3. You may secure better loan terms
Since you are not purchasing land and building a house all at once, you may be able to secure better loan terms for the property. This will allow you to save money in the long run and potentially secure a better loan for the construction of your custom home, too.
The cons of buying land before talking to a home builder
There are certainly some benefits to purchasing land before hiring a custom home builder. However, doing this also comes with several disadvantages that could cause problems down the road.
1. You may not have the support you need in finding a piece of property
Even if you hire a real estate agent to help you find the right piece of land, they may not know anything about building a custom home. A custom home builder will help you find a lot that fits your criteria and a solid place to build your custom home.
2. The details of building on your lot are more complicated than you might think
While you may love your piece of land, it may not actually be the best place to build a custom home. There are government codes and ordinances that have to be considered before you can build. A custom home builder can help ensure the lot you purchase will actually meet those government and building requirements.
3. You won’t have a firm grasp of building material values and fluctuations
You might think you understand the cost of your lot and the cost of your custom home, but the truth is, prices fluctuate constantly. Locking into an agreement and estimate with a custom home builder will allow you to better judge how much everything will cost when the process is finished.
Building a custom home on the right land with Hunter Corp
At Hunter Corp, we value our clients and the confidence they place in us to build high-quality, luxury homes. Our designs are unique and one-of-a-kind, and we do everything we can to make the building process as easy and enjoyable as possible. We can guide you through purchasing land, designing a floor plan, and completing the construction of your dream home.
Speak to one of our experienced professionals about how we can help you build the custom home you have always wanted. Call us at (806) 418-2744 or Contact Us by email today to learn more about Getting Started on your new home. We are licensed in Texas, New Mexico, Arizona, Colorado and Hawaii.