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The very first step of building a dream home is to find a suitable land for it. This might eat up a large portion of your budget but it is a good investment. There are quite a few things you need to consider when deciding on building your dream home. Find the Right Piece of Land: For example in the state of Arizona, lands close to the city are very difficult to find and also very expensive. You might not find an empty lot ready to be sold in many areas. Like Tempe, is very much a land locked area and has no empty land available to build your home. Other cities surrounding might have land available to be sold for custom homes but there will be other things you would have to consider. The cost of the land depends on many factors. Some factors might be how close utilities are to your site, or does it have paved streets or if it is a mountain land etc. Land Financing Services: Land financing is still provided but you will need 30% down payment with more strict lending rules. Another way is to buy the land with the construction loan which means that you will buy the land along with funding to build the home. In such case builder takes draws on the loan at different stages of the construction in order to pay for the construction costs. You will pay interest on the loan after taking out the loan which means that you would be paying for your home even before it is constructed. Consider your Plans: Once you are done with your land, you must consider construction and the builder who will build your home. You might have to think about this even before you buy the plot. However best approach is to find the plot and then to search for a suitable house plan. After that you can find a builder. Try and opt for a builder who can provide you with good house plans according to your needs. Find a Reliable Builder: Make sure you find a reliable builder. Ask other people, and also take a look at their previous work to check their quality. Also check with the registrar to find out if there are any complaints filed against him in the past. Many people call themselves custom builders even though they have very little or no experience. Calculate the Risks: It might sound strange but some people do build the home themselves. They might not build each and every step on their own but bid out some particular subcontractors like electrical, plumbing and roofing. If you really want to build on your own then be sure that you know everything about what you are doing and you are familiar with all the risks that might come in the way. The cost of building a custom home varies and depends on the kind of upgrade you choose. It usually ranges from 125-$-215$ per square foot. As the costs for copper or cement or any other building material increases, so does the total cost of your dream home would also increase. It’s a great investment that will pay off well in the future! Building Custom Houses, Spartanburg
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