Should You Build, Buy, Or Rent Your First Home?

If you are thinking of buying your first home, there are several things you must consider. You have to decide whether to purchase or continue renting for now. If you believe that becoming a first time home buyer is what you want, you have to determine whether you need to purchase an existing one or build a Myrtle Beach custom home from the ground up. Take a look out the pros and cons of every option before you make a decision.

Renting

There are some individuals who benefit from a home rental. This might describe you in case, for instance, you need flexibility or maybe you have to move from one location to another because of your job. This holds true if you love to travel and live in different cities every few years.
There are several reasons why people prefer to rent. If you do not have extra credit or cash, making a down payment on a home can be hard. Knowing for a fact that your landlord will take care of any broken appliances or repair a leaky roof is enough to rent rather than own.

On the other hand, renting means your money will be used to pay the mortgage of your landlord. It won’t be for your own investment, so you have to spend thousands every year without getting anything that you can call your own. Considering that you can now get a mortgage that costs less than renting out a place, buying a home can very well be the best financial move you can do.

Buying

Purchasing your first home is a wonderful idea if you are prepared to settle down in a place for a few years at least. So, in case you want an asset that you can call your own after you’ve paid it off, and if you would like the possible tax breaks that come along with a mortgage, the best choice could be buying a home.

However, purchasing an existing home comes with a lot of expenses apart from the price. Older homes are much less energy efficient, and that could result in higher energy bills every month. Older houses usually include outdated appliances and décor that you will eventually replace, and that implies more cash out of your pocket or accepting to live in a house that you do not love. Finally, when you purchase an older house you do not always have a good idea of what you will be getting. You might not know who build the home, you won’t know whatever is behind the walls, and you won’t have anybody to call if surprise repairs happen. All these things can quickly add up. Think of it like your car. A new car is less likely to require the level of maintenance that an old car would need.
Usability is another factor that you have to consider. Older houses are usually constructed based on the ways families have lived a decade, twenty years, or thirty years ago. This means houses that have small bedrooms, living rooms and dining rooms that a lot of modern families just won’t use but still pay for in a much higher home price and energy costs, and none of the floor plan designs that are very in demand now such as a home office, kitchen island, first floor master suite, walk-in pantry, bonus room, and additional storage.

Building

In case you are a first time home buyer with a picture of your dream house in your head, purchasing a custom home can be the best choice for you. It is the only method you can obtain all of the features that you want from the very beginning especially when you work with Dawol Homes to get the custom home that won’t break your budget.
New homes are far more energy efficient, in which case allowing you to cut costs on your utility bills. You will also be assured that there won’t be any issues left like mold from the previous owner. A new build also provides you a warranty to take care of little repairs after you move in. Custom home builders usually build only a small number of homes at a time, so they can pay close attention to detail as well as craftsmanship, making your house a home you can live in for a very long time.

Are you a first-time buyer? Call Dawol Homes now.

Dawol Homes
3100 Dick Pond Rd # E
Myrtle Beach, SC 29588
(843) 294-2859
www.dawolhomes.com
info@dawolhomes.com

Do You Need A Custom, Semi Custom, Or Spec Home?

In terms of constructing new homes, you can choose to build a custom home, semi custom home, or a spec home. Each type has its own set of benefits and drawbacks and your choice will depend on your budget, time, needs, as well as desire to manage the details. Here are some important things you need to know.

Custom Home

A custom home project lets you work directly with a custom home builder to plan, design, and choose each detail about the layout, construction, and finish of you house. When we say every single detail, we mean everything. You will choose everything from the color of the doorknobs to the number of bedrooms. Custom homes are ideal for couples who prefer a detail oriented process and do not want to compromise on what they want. If you choose to build a custom home, you will be responsible for deciding on the:

• Home plan as well as floor plan changes including adding closets, moving walls, adding doors and windows, and etc.
• Exterior materials, like board, shake, siding, stone, and brick as well as choosing the areas to batten them down.
• Construction materials as well as finishes like hardwood floor styles and brands, plumbing and lighting fixtures, etc.

Semi-Custom Home

Semi-custom homes give homebuyers the best of both worlds by providing them with the simplicity of buying a move in ready house as well as the complexity of designing a home from scratch.
What happens during the construction of a semi custom home? A semi custom home builder will have a collection of designs they are familiar with and could affordably source materials for. From this collection, you will pick out a plan that satisfies your expectations and matches your family’s needs. After that, you will work with your home builder to customize the materials, selections, and finishes. In case you already have a vision for your dream home, but do not want to spend the money and time to fully personalize it, a semi custom home is definitely what you need.

Spec Home

Homebuilders like Dawol Homes construct move in ready or spec homes on brand new lots if they have the resources required. The designs of spec homes are accommodating and also outfitted with features that will appeal to almost all homebuyers. If you want a brand new home but do not want to be involved in the customization process, then you need to consider buying a spec home. This type of home is made to sell, they are great investments in case you have to move in the future.

Make A Choice

When choosing which one of these three is best for you, it is important to keep an open mind. You have to check all of your options and pick a project design that meets your needs without causing financial problems.

Call Dawol Homes if you want to know more about custom homes and spec homes.

Dawol Homes
3100 Dick Pond Rd # E
Myrtle Beach, SC 29588
(843) 294-2859
www.dawolhomes.com
info@dawolhomes.com

What You Need To Know About Custom Home Building Process

The building process involved in constructing custom homes can be very mysterious, especially if you have never constructed a house before or at least seen one completed. If you are thinking of building a home, you will most likely want to know what your expectation should be from the process, and that is why we have listed the 10 main steps that are involved when it comes to building a quality custom home. From the beginning to the end, here are the things you can expect from the building process with Dawol Homes.

Planning and Design

As you would expect, you are involved in the first phase of the home building process. It is your responsibility to decide what you want your house to look like, and it is your builder’s or contractor’s job to make sure that your dream becomes a reality. The primary step in the home building process is creating an initial design. A great Myrtle Beach custom home builder will talk to you about your vision to ensure they know exactly what it is that you are searching for.