CUSTOM HOME: THE FACTORS YOU NEED TO CONSIDER

These five factors will help you make a decision if you are considering building a custom home.

1. Cost

You should consider buying an existing house if cost is your primary concern. Even in tight markets, it is almost always cheaper to purchase a home. You should be prepared to spend more on your home than you initially expect.

2. Time

If you plan to stay in your home for less than five years, you could be subject to the above financial discrepancy. The good news is that the average time it takes for the initial costs of building to reach the market value is only 5 years.

Although financial concerns can cause uncertainty for those who are considering building a house, they are rarely the sole reason that someone builds one. The “quality of your life” factor is important to those who decide to build. This is a difficult area to quantify and will vary for each person and every situation. It is up to you to determine its value.

Some people love buying. Some people are happy to buy a home. Others may not be able to find the right house for them. They can’t find the things they most value in an existing house so building a brand new home is the best option.

3. Localization

Building may not be the right choice if you aren’t sure if you want to live in a city or in an established neighborhood. It can be difficult to find the right location for a home in a city or older neighborhood. However, it is possible in certain circumstances. Most often, new, custom built homes are in subdivisions near the edge of a city or in undeveloped, rural areas.

Building is an option if you like the idea of living in new developments or want to live in a remote area. You can choose where you want to live by building. Building a custom home in Myrtle Beach gives you the freedom to pick the location that is right for you, whether it’s a family-friendly subdivision or a hilltop estate with stunning views of acres of private land.

4. Innovation and efficiency

You will be able to live in a home that has been built from scratch. A custom-built home is brand new. All new appliances, fixtures, and plumbing. This means that everything looks amazing and requires less maintenance.

5. Lifestyle

Everything should be exactly how you want it to look when you build your custom home. Your lifestyle wants, and needs should all be considered when designing your home. Because they can customize every part of their home. A new home construction allows them to meet all their needs.

Building your dream custom home shouldn’t be a painful process. Call Dawol Homes today and let us help with every step of the build.

Like our Facebook page for more great info about custom homes.

Dawol Homes
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
(843) 294-2859
http://www.dawolhomes.com/
info@dawolhomes.com

HASSLE-FREE WAY OF BUILDING A CUSTOM HOME PART 2

Settle with a building plan early on

It is important to start planning your new home construction as soon as possible in order to secure permits quickly and complete the build within the timeframe you have set. Before you hire a design-build company to build your custom home, think about how you want it to function. You should also consider how you want it to look.

Be mentally prepared for a lot of decision-making

Myrtle Beach custom home building requires many decisions on a daily basis. Homeowners are constantly faced with difficult decisions that can either make or break their budget, such as choosing the right builder or flooring for their kitchen. Homeowners must mentally prepare for the decision-making process in order to avoid burnout.

Stretch your timeline

Next on our list of steps to build a custom home is to extend your timeline to allow for minor delays. Your timeline can be slightly delayed in the event of an emergency to ensure your custom home is ready for you and your family to move into. These allowances will prevent you and your family from searching for additional accommodations while the issues are resolved.

Take care of all financing before proceeding

There are many ways to finance a custom-built home, but most homeowners choose one of these three options. These include permanent financing (also known as a mortgage), construction financing, and land financing.

Keep in touch with your design-build team

Many design-build teams can work seamlessly together, keeping the budget and timeline on track. New construction homes in myrtle beach sc can be a complicated process with many moving parts. To ensure that the project is moving at a reasonable pace, make sure you regularly check in with your design-build team. To avoid any delays or additional costs, keep track of purchase orders at all stages of the property’s construction.

Be ready for additional costs

Finally, homeowners should plan for any additional expenses that are not included in their build price. Some of these expenses can be due to delays in shipping, or shortages of materials. Others are more inherent. These expenses are easy to calculate and plan for if you do your research.

Building your dream custom home shouldn’t be a painful process. Call Dawol Homes today and let us help with every step of the build.

Like our Facebook page for more great info about custom homes.

Dawol Homes
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
(843) 294-2859
http://www.dawolhomes.com/
info@dawolhomes.com

HASSLE-FREE WAY OF BUILDING A CUSTOM HOME

The US housing market has seen an explosion in the past year and a quarter. Unfortunately for buyers, record-low interest rates and a limited supply made it a very hot market. Many buyers found themselves suddenly unable to buy their dream homes. Even with all the funds available, buyers were forced to leave. Some buyers chose to give up on the search and instead focus their efforts on building a custom home. The COVID-19 pandemic caused disruptions in supply chains for lumber, concrete, and steel. This led to a rise in the cost of materials. A backlog of projects made matters worse for custom home builders who were unable to work because of local restrictions. Many builders are now accepting new projects because the cost of most building materials is starting to drop. Prospective homeowners are now wondering how to build a home they love, without the frustrations of waiting. You can follow the steps below to build a Myrtle Beach custom home without breaking the bank.

Choose the right lot

First, homeowners should look for the right subdivisions. Next, homeowners should look for properties that are ready to be shoveled. To verify that the claims of the current owners of each parcel are true, homeowners should also check the information. Fourth, homeowners should assess the land’s accessibility as this will affect how materials and equipment are transported to the site. It is important to assess the land’s accessibility and determine how many trees, boulders, and other obstacles homeowners would need to remove.

Be familiar with local laws

A number of elements are restricted by municipal zoning laws, easements, and other regulations. They limit the maximum and minimum heights of buildings. They also limit the area, number of structures, and land use of each plot of land in their jurisdiction.

Think about hiring a lawyer

Homeowners who are planning to build a home may want to hire a lawyer before choosing a Myrtle Beach custom home builder, engineer, or designer. A real estate lawyer may be hired to review the documents for each vacant lot before you purchase.

Be careful when choosing a builder

Building a custom home requires a team with the right experience, knowledge of local laws, and excellent time management skills. This is crucial in order to avoid unexpected delays and additional costs.

Hire local team members

Hire a local builder. Also, make sure to hire local crew members and subcontractors. Hire a local interior designer and a local landscaper. Local hiring allows homeowners to hold the team members responsible as their business depends on the community. Local hiring is usually more affordable and allows for better communication between the parties during construction.

Stay tuned for the second half of tips on how to build a custom home without all the hassle. 

Building your dream custom home shouldn’t be a painful process. Call Dawol Homes today and let us help with every step of the build.

Like our Facebook page for more great info about custom homes.

Dawol Homes
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
(843) 294-2859
http://www.dawolhomes.com/
info@dawolhomes.com

BUILDING A CUSTOM HOME IN TODAY’S MARKET

The housing market has slowed down in the last few months, but that does not mean you should forgo building your dream home. There are many reasons why someone might choose to build a custom home.

Some of the most common reasons include:

• The ability to customize the layout and design of the home to meet your specific needs and preferences.
• The opportunity to use higher-quality materials and finishes than what is typically found in production homes.
• The ability to incorporate energy-efficient features and other technologies that can save you money on your utility bills over the long term.
• The ability to choose a location for your home that is not available in pre-existing neighborhoods.
• The opportunity to build a home that reflects your personal style and tastes.
• More control over your budget and timeline.
• Building equity and potentially increasing property value

These are some examples but depending on the individual, the reasons may vary. While building a custom home in Myrtle Beach can be a very rewarding experience, it also comes with some potential disadvantages. These can include:

Higher cost: Building a custom home can be more expensive than buying a pre-existing home or building a home from a production builder.

Longer timeline: Building a custom home can take longer than buying a pre-existing home, as the design and building process can be more complex and time-consuming.

More complex decision-making: Building a custom home involves many decisions, such as the design, materials, and features. It can be overwhelming for someone who is not familiar with the building process.

Less predictability: A custom home is not an “off-the-shelf” product. Some unforeseen changes or issues may arise during the building process, making it hard to predict the final outcome.

Financing can be more difficult: Due to the complex nature of custom home building, it may be more difficult to find lenders that are willing to finance a custom home.

Permits and zoning issues: Building a custom home on a specific land can be subject to local zoning and building codes, which can add delays and complexity to the building process.

Finding the right contractor: Finding the right home builders in Myrtle Beach SC for the job is critical for a custom home, as the quality of the work can have a significant impact on the final outcome.

It’s important to weigh these disadvantages against the benefits before deciding whether or not to build a custom home. When interviewing custom home builders, it’s important to ask a variety of questions to ensure that you’re working with a reputable and experienced builder who will be able to bring your vision to life.

Here are some questions you may want to consider asking:

• Can you provide references from past clients?
• How long have you been in business and how many custom homes have you built?
• Do you have experience building homes in my desired location?
• Can you provide a detailed estimate and timeline for the building process?
• How will you handle any unexpected changes or issues that may arise during the building process?
• How will you keep me informed about the progress of my home during the building process?
• Do you offer a warranty on your work?
• Are you licensed, insured and bonded?
• Can you provide a list of subcontractors and suppliers that you plan to use on the project?
• Have you have had any complaints or legal issues related to your business or previous projects?

It’s also a good idea to do your own research and check online reviews, and ask friends and acquaintances if they know anything about the myrtle beach home builders.

It’s important to find a builder you trust, who is responsive and has a track record of happy clients, and who can communicate clearly and in a timely manner. Give Dawol Homes a call before making any final decisions.

Like our Facebook page for more great info about custom homes.

Dawol Homes
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
(843) 294-2859
http://www.dawolhomes.com/
info@dawolhomes.com

NEW YEAR’S RESOLUTION FOR HOME BUILDING

No matter if you are aiming to lose weight or improve your financial health, success is only possible with proper planning and commitment to achieving your goals. This same principle applies to any endeavor you choose, even in home building.

Here are eight resolutions for the New Year if you planning to have a home building project in 2023.

#1: Know exactly what you want in your home

To get the home of your dreams, you must first know what you want. Do your research and begin to compile a list. Separate the list so that one column lists what you must have and the other lists what you want. Next, you will need to prioritize your lists. You’ll be able to determine which features you can afford, in case of budget concerns.

#2: Figure Out Your Financial Standing

Talk to a lender before you begin looking at floor plans with your custom home builder. They will help you determine how much money you are able to borrow. To ensure accuracy, you should review your credit reports. All the financial documents that you will need to apply for a mortgage should be collected and organized.

#3: Be familiar with the home building process

It pays to be familiar with the process before you start building a home. It is not an easy task to build a house from scratch. The homeowner must be involved in many decisions and design choices. Your builder should be able to explain each stage and you’re involved in each. This will help you understand what to expect when the actual building begins.

#4: Get Organized

It is not an easy task to build a home. Keep everything in order. To keep all papers related to your build organized, create a folder or binder. Keep these items in your folder:

• Information about credit reports
• Monthly home budget
• All financial statements required to apply for a mortgage
• Your lender will send you pre-approval letters
• List of your needs and wants
• Research (builders, realtors, lenders, neighborhoods, lots, etc.)
• All agreements and contracts relating to your home or property
• All future documents relating to your home (appraisals and offers, etc.)

#5: Learn How Loans Work for New Construction

Your mortgage loan will be different if you are building a home on land than if you were buying an existing home. A construction loan is required for this type of project. This loan is short-term (maximum 1 year), and comes with special guidelines. They usually include monitoring to make sure the build is on schedule so that your repayments can start promptly. Variable rates on construction loans are linked to the prime rate. After your home is built, your mortgage will be used to repay the remainder of your construction loan.

#6: Prioritize Quality over Cost

You will need to make many decisions during the design phase. You’ll discover that every option has a price. You don’t want quality to be compromised when it comes to your home. You should choose quality over cost. You get what you pay when you build a custom home in Myrtle Beach.

#7: Research Builders

You will find many custom home builders within your local area. How do you choose the right one? Do your research. Ask trusted people for referrals. Look at builder websites to see testimonials from clients. Ask for references from the builder that interests you. Then, reach out to them to learn about their experiences with the builder. Make sure to verify the builder’s reputation, quality, and warranty information.

#8: Your Home is the One Major Change You Will Make This Year

It can be very rewarding to build a home, but also stressful. While your home is being constructed, you don’t want to start another project or make a purchase. This year, focus on building your custom home in Myrtle Beach. You can save any major purchases or projects for next year. You’ll remain more financially secure and be able to enjoy the entire building process.

Are you looking for a custom home builder in Myrtle Beach? Call Dawol Homes now.

Like our Facebook page for more great info about custom homes.

Dawol Homes
9404 Hwy 17 Bypass,
Murrells Inlet, SC 29576
(843) 294-2859
http://www.dawolhomes.com/
info@dawolhomes.com