At Covenant Custom Homes we want to help prepare better prepare our clients to
build their dream home. We are always thinking of ways and ideas to help educate the customer. Below, is a list of 10 items that will help
you prepare to build your dream home.
1. Establish a reasonable budget – Agree on a maximum dollar amount you can afford and stick
to it. Don’t over extend yourself. Maintain a reasonable ratio of the lot cost to the final completion cost of your home.
A good rule of thumb is to keep the lot at about 16% to 17% of the final home price.
2. Do your research – Visit new homes being built in your area. Look at builders plans online and or visit
home plan websites to try and determine a sense of floor plans and home sizes that work for your needs. Check out the
many great home plans we have on the models and plans section of our website.
3. Make a list – A critical step is establishing a list of the specific needs you want
to address in your new home. Numbers of bedrooms, baths, garages and other items.
This list should contain only those non-negotiable needs you truly must
have. We call this list the must have list.
4. Make another list – This list is called the “like to have” list and is made up of
the various details that you might like to have if they work out in the plan or
fit your budget. Perhaps, it’s a high end appliance package or built in bookcases.
Make the list as expansive as you would like and try to fit in as many
as you can afford; after all their just the “like to haves” and not the must haves!
5. Develop a design sense – Get online, buy some magazines, visit model homes and show
homes where possible. Try and separate the look and feel of one home from another.
Perhaps, you can visit an interior decorator and interview them for your
potential project. It’s important that you have at least a sense for the colors you like or dislike and the design
motif you prefer. If your completely uncomfortable you can hire a designer or hire a builder who has an in-house
designer like Covenant Custom Homes. Part of our team features an in-house designer.
Check our experienced team
6. Select your geography – Like they say “location, location, location”! Look around, check out the schools (even if
you don’t have kids in school), where is the shopping, and the highway access as well. Make sure you select a
subdivision that can protect your investment for example Mills Farm is
a great community here in Overland Park Kansas that Covenant Custom Homes builds in today. The last thing you want
is to build and have your equity impaired because the neighborhood is failing in some way.
7. Identify a builder – There are a lot of builders, many of them today only build a few
homes a year, some build more then 50 or 60.
You no doubt want a builder with enough purchasing power to insure your
home is competitively priced but no a builder so big that you can’t get his full attention. The important thing is
to try and find a builder you can work with after all you will be spending a lot of time working with your builder.
Don’t select a builder who is not fully respectful of your time or your
input. Definitely, avoid any builder who comes across and impatient, arrogant or condescending.
8. Check it out – Sounds kind of basic but many folks just don’t have time or so they
say to fully check out their builder. Start with the Better Business Bureau and see if any complaints have
been filed. Ask for customer references, you should try and get at least three. If
you turn up smoke don’t wait around for the fire.
9. Bank on It – If you’ve narrowed down your selection to a particular builder or two
then it’s time to contact their bank. You need to determine the financial strength and viability of any
builder you’re going to give a large sum of money to. Ask the bank for a letter testifying to the
financial strength of the builder. Many home builders have gone out of business during this difficult real estate
market so don’t hand over your large deposit to any builder who refuses your financial inquiry.
10. Be a detective – Talk to real estate agents, builders, suppliers and developers to
try and ascertain what the “real estate community” thinks of the builder your contemplating using. Ask the builder if
he has other projects you can visit. If the builder has no current projects that is usually not a good sign. Any builder worth working with typically has
no less than 2-4 jobs going at one time. Likewise if a builder tells you they build 40 or 50 even 80 homes a year they are far from a custom home builder.
Ifyou would like to interview a custom home builder with a strong financials and
a passion for both customer service and excellent home construction quality please give us a call. Covenant Custom
Homes would love to talk with you about building your dream home in the Kansas City area.