One of the biggest misconceptions about building a new construction custom home in Northwest Arkansas is that it will take about as long as it takes you to buy a new car. Preparations for constructing a top-notch, world-class custom house sometimes take just about as long as it would take you to build the actual house. It is not as simple as picking a lot, choosing the perfect floor and construction plans, signing the right contractor and voilâ, you have a custom home in a matter of days.
What You Need to Build a Custom Home in Northwest Arkansas
The first thing you will need is time and an actual plan. Professional contractors often advise their clients that having a one or two year lead on your construction plans is a good, leisurely time to start planning. Of course, with the right advice and professional counsel, this time can be much shorter. But you get the idea. It will take some time. The process can be much easier if you can find a builder that has a lot of plans to choose from that he/she has built before. You might even be able to walk through homes built from his/her plan inventory. Choosing a plan that the builder has already built will make this process so much easier.
There are other things that you need to put in place as well. The four most important aspects of building a home are:
There are quite a number of ways to get your hands on the perfect floor plans for your custom home. You can either buy some online, work with a draftsman to come up with professional drawings of the house if you already have sketches or work with a professional architect to capture your vision from scratch. Your draftsman or architect can also use magazine cut outs, photos, etc to help design exactly what you want.
Funding has become a little tougher to get nowadays. To make things easier, you can go ahead and get pre-approved for a house loan by your favorite local bank. This often takes about a few days to a few weeks. You need to give the bank time to assess and appraise the plans, your land, and your chosen Contractor. Based on this appraisal, the pricing from your contractor and your credit rating, you will find out exactly how much the bank is willing to offer you. Only then will you be able to determine whether or not you have enough money for your dream custom home.
Finding available land in your desired location is a difficult process. But with the help of professional Realtors such as the Burnett Real Estate Team, you can easily identify and buy the perfect lot for your new home.
Contractor: Getting a professional contractor on board early on in the process makes everything that much easier and smoother. There are multiple types of Builders to consider too. There are complete custom home builders, semi-custom home builders, and tract home builders. See blog post discussing types of builders.
Contact Burnett Real Estate team for your new construction needs. We can offer you wonderful options when it comes to contractors and financiers, so you do not get bogged down by all the available choices. With our help, you can build your custom home in Northwest Arkansas much sooner.