For many people, the ultimate show of success is having a custom home built that truly reflects their personality. When you are building the home from scratch, you have a blank slate, which can seem pretty daunting. If you don’t have construction experience, something at the top of your list could be adding a residential construction project manager to the team to give you another expert set of eyes and ears.
If you are looking to build a custom home in Oregon, here are just a few of the top considerations you will want to make before starting the project:
Do You Have Enough Money?
Building a custom home is a whole different animal from rolling through the local cul-de-sac and choosing a home that is already built. There are going to be land considerations, permits, construction, and unexpected costs due to delays or supply chain issues. You are going to have to identify how much money you have to spend on the overall project, then back out a discretionary fund and some of these other costs before you start to talk to a builder about the construction of your home.
Choosing the Right Area
A majority of people build a custom home as their forever home, so there are some additional things to consider before choosing the area. For instance, are you going to have children? Is this your retirement home, so you are looking for a quieter area?
Choosing the Right Size
As we briefly mentioned above, if you are planning on going through life events in your new home, you are going to have to account for those in the building plans. For instance, it may just be you and your spouse now, but if you plan on having children, you will need to account for that space in the plans. You may also want some additional perks built into the home, such as a nice home office, viewing room, personal gym, etc.
Choosing the Right Timing
These days, this is something that should be at the top of your list for multiple reasons. First, you want to consider when you are going to start the build so it results in the least possible interruptions due to supply chain, labor, and weather challenges. Second, you need to pay attention to the federal interest rates to apply for a mortgage during a time when the interest rates will be at their lowest. Even just one point can result in tens of thousands of dollars of additional interest over the lifespan of the mortgage.
Choosing the Right Builder
This is something where cheaper is not always the best. You need a builder who has plenty of experience building in the area as well as someone who has positive relationships with other vendors and the county where you are building. There are going to be a lot of permits and subcontractors on the build, so your builder will ideally have all of these assets in place.
Now, as we mentioned in the earlier parts of this report, hiring a residential construction project manager is also a consideration you may want to make. The consultants can help you through the process as well as provide you with an expert ally who will have your interests at heart, which is not always the case with a builder. For more information about our service, give us a call at 888-402-4180.