Its so difficult for us humans to envision... especially building a structure. That is to say, when we build a house , it is difficult for folks to really see what it will be like. Even with pictures or 3D , its a stuggle. As the process goes along in construction , they say..oooh wow .. I didn't know it was like "that" ..(hopefully a good didn't know and not a bad didn't know) . The key is to play it out in your mind, on the lot your building on , walk it off in your living room you have now..DO ANYTHING to give you a better pictureof what it will be like.. it will pay off..
Ok, so here it is... this is a real estate tip... I know, I know... that's not my area of expertise ..Well, it is kind of :). No matter how many homes we build, we do have to sell them. :) So we don't build, just to build. We build to sell them (on specs) . If there is one piece of advice I would give, give your listing to the hardest working agent , that's reasonably smart :). and.... one that doesn't have a trillion listings. No one agent can service 25 listings, I know they have people you say.... but think about it...who's really doing the work. I know that goes against the grain of what many say , and I know real estate is still a people business... but the highest producing agent is rarely thebest choice. that's my take .... thanks for reading. Your opinion is welcome here
As we all know, timing can be very important. But as a wise person once said, luck favors the prepared. Or something like that :). The point is when building a house, opportunities will arise, if you have done your homework, perhaps the time is right, and you are ready to accept the opportunity. For example...
value: do you know what other sales have been on homes or lots over the last 6 months? year? 5 years?
Regulations: are you familiar with all the dept's that will affect your build. City/county water dept , fire etc? are they preparing any changes? next rules review date? procedures that have been approved but not implemented? Hiring the right professionals helps, but it is your project ultimately.
It is true , LOCATION is so important. Do you want the Florida Keys , or Seattle? Very different in so many ways. Even within your town or city , different neighborhoods take on a different feel and ambiance. BUT.. there is always a but , you have looked at a home, within a neighborhood you may not have initially chosen, and found the home transported you to a different place. That is to say , the home you create can sometimes make up or even enhance the location. We have built homes where the location was site challenged , or didn't appear to be the best location. When you take your time, you can turn a sows ear into a silk purse sometimes. :)
If your building a new home, its a vacant lot :) . take lots of time to decide the placement of the home. Consider east west , wind direction etc. Traffic noise, schools etc. Spend some time there in the am, the pm, and the weekends and during the week. Imagine the view from the windows, so you know what your going to be looking at for the next 20 years. It pays off in the long run. When we build a spec home , we will spend many hours scoping it out. Trying to get the home to fit into the landscape.
Like in life, there are often unknown's that creep up on you when making something new. You are bound to come up with a "I didn't know" or "didn't realize" along the way. Experience counts for sure, ask lots and lots of questions. Plan plan plan. For every hour of planning you will save four hours of headache or disappointment in the end. Never assume anything, if your builder doesn't have the time to work with you, and many don't. After all, they are busy building, hire a designer to take you thru the journey. Sometimes the builder supplies you with one, but if not. Its the best money you will spend. One last thing, you are the boss.... its your money, listen to what they have to say regarding your particular issue , but in the end , its your call. (but be prepared to live with your decision) I have found your gut instinct was better than their professional opinion. After all, your going to live there.:)
When we go to create a new home , we always start with the biggest wish list. That is to say, we put down what we would "like" to have. It doesn't mean we can afford it, nor would we even perhaps end up wanting it, even if we could. For instance, it's a two story, and we want an elevator. We are both in our thirties, fit and can actually use the exercise. But...we have always wanted an elevator. So you look into it and find out its 20k to get one. You can afford the 20k, But , having the elevator means , lets say. That you have to give up one of the garages due to lot size. What I am suggesting is, start with the biggest list and you will morph it to where you want or need to be. Now if you have 20 acres, and no building department rules and endless capitol, then you can do anything. But... learn to pick your battles.
The first mistake as a potential custom home buyer, is to "not" know what you want in a home. You must do your homework first. If you tell the designer I want this picture in the magazine, well that will likely cost you. Its not like going to the restaurant, where you see the item and the price. Its rather like the mystery meat menu. Discover what you want, and approximate price before you go to selecting a builder. REMEMBER...their time is money also... if they have to do therapy on you to figure out what you "really" want... it will cost you :).
Too often custom home builders charge way too much for what they deliver. They justify it by pointing to track homes and comparing what you get in addition. However, if you simply took the extra cost of the "nicer' flooring , or the higher ceilings, it will not make sense to you to pay so much. So why?? well there are a number of reasons and will will try to help you along the path of discovery. :)