Travel and living

How to Build the Home of Your Dreams


Building a custom new home is the stuff lasting memories are made of. By approaching such a huge and important project the right way, you will be making memories you can’t resist sharing again and again.

This post will outline five important steps you will need to take to build a custom new home.

Step 1: Make your vision as tangible and concrete as you can.

The first step towards building the home you see in your head is to put your vision down on paper. This may bring up some surprising challenges, especially if you are planning your new house with your partner, who may have their own vision for what they want in a new custom home.

But this is why this step is critical. The more sure you are about your plans up front, the less risk you take of spending more money than you should making changes later on. So sit down and talk it out and then start building your list of what you want your new home to look like and how you want it to function.

Step 2: Decide whether you want to build it yourself or hire a builder.

If you have personal expertise in home construction from your work or a past home building experience, it may be practical to take on the role of general contractor to oversee your own home build. Otherwise, you may find the expense of hiring a general contractor is actually less than what you might spend fixing first-timer mistakes.

As well, by using a builder you can benefit from their connections, which includes the possibility of lower labor and materials costs than what you could negotiate on your own. For instance, if you want custom showers, your general contractor may have a vendor that can get them for you for much less than you would pay as an individual customer!

Step 3: Tackle your timeline and your budget.

The reason these two tasks are lumped together in this step is because one will inevitably influence the other. If you already know what you want in a home, have the funds saved to make a down payment and have a high enough credit score to net a good interest rate on a mortgage, you may be ready to get started on the actual home build soon.

Otherwise, you will need to wrap in time to save towards your downpayment, time to improve your credit score and time to develop the floor plans. Here, it can be a good idea to work on your budget first to see where you stand, and then build your timeline from there.

Step 4: Choose your land.

The land you build on can heavily influence what your finished new home will look like. If you buy a lot with no zoning or deed restrictions, your only limitations will be your budget and the lot size. But if you buy land in a heavily restricted neighborhood or in a planned community a builder is working to finish, you may have fewer options.

So choose your land carefully to make sure you can build the home you want.

Step 5: Look for financing.

Your next steps will depend on getting approval for a mortgage loan so you can begin purchasing materials and hiring a construction crew. By working on the first four steps listed here, you have given yourself extra time to build up your credit score and save more funds, and now it is time to convince a lender you are a worthy candidate for a mortgage.

These five steps will lead you right into the home building process. From here, you will be able to watch your dream home take shape with your own two eyes each day. Before you know it, it will be move-in day!


If you have any questions, please ask below!