Are you and your partner ready to take the next step into homeownership? Here are some things to consider before you make that decision.
When thinking of building your dream house, there are many things to consider before you begin with new home construction. It’s important to hammer out these details before building truly begins. Below, we take a look at three major considerations you want to keep in mind before beginning new home construction.
1. Marital Status
One consideration is your marital status, whether you’re single or in a relationship, both can create challenges. When you’re separate, banks can be hesitant as to how much money they are willing to loan you because you only have one source of income. Numerous things you have to take into consideration is your future; will you stay at your job for over five years, will you move to a different city or state or if you decide to marry.
On the other hand, if you decide to take the challenge of new home construction while in a relationship, you still may run into some unique circumstances. Unlike the single person, you both have a source of income and two credit scores so the bank would be easier to work with, but you have some personal things to iron out before you build this house. You will have to work out if one or both people leave the relationship who will have the task of putting the house on the market and how the funds earned from the sale will divide between the both of you.
2. Location, Location, Location
Whether you’re building a new business, moving, or building your new home you have to think of the perfect location to have all the things to make your new life that much better. If you plan to buy a plot of land to start your new home construction, you have to make sure that you get a building inspection. Investing in building inspection it will make sure that you are following all the rules, especially if you’re living in a particular neighborhood.
3. Builders and Hiccups
When you look for that builder to make your home dreams come true decide what company is the most credible to take on such a project. Also, look at the references of building companies so you can see what styles of homes they’ve created but also check with the homeowners about whether they liked the build or not. You should make sure that the company has built homes with the same aesthetics you are looking for, so both of you are on the same page when designing the house. Once you meet the builders, don’t be afraid to ask any questions you have about them. Knowing more about the builder will make the situation that much more comfortable, some items to bring up could be, “Do you have any concerns about building this home where it is?” and “Can you follow the timeline to the best of your abilities?” Even with the most professional builder, there will be bumps in the road. As long as you’ve hired a professional builder, they will help you to your best ability to anticipate the hiccups. This way by minimizing the stress that you go through and the builder will help you not go over your budget.
Let Us be Your Trusted Maryland Home Builder
Are you ready to bring your dream home to life? Enlist the difference of Viking Custom Homes, Maryland’s trusted home builder of high-quality single family homes for more than three decades. With over 30 years of experience and a reputation for excellence in over five Maryland counties, we offer the highest standard of customer service and quality assurance for your new home. If you are looking to build on one of our beautiful homesite offerings or on your own lot, we are eager to help you every step of the way towards building your dream home. Let us bring your dream to life by building a home where life unfolds! Contact us online or call today at 410-977-2188 to speak with a member of our trusted team. You can also visit our Facebook, Twitter, or LinkedIn for more information.