Building a new home isn’t something you do very often, so it’s not uncommon to have a few questions about the process. If you’re considering building a custom home, consider these things before you get started.
How much will my new home cost?
The total cost of a custom home cannot be generalized, since the various customizations and aspects of the home will make the price fluctuate. However, there is a myth that a custom home will break the bank - and while some custom homes can be more expensive due to more customizations, you don’t have to spend a fortune to build a custom home. Planning ahead and creating a budget will allow you to build a custom home and still stick to your ideal financials.
A huge part of planning ahead is being able to identify what will take up a larger part of your budget and what isn’t taking up as much room in the budget. The three major costs that contribute to the overall price of a new home include: the land, the site work, and the home itself. You’ll have at least an estimate of the cost of the home, and when you identify the lot you want to build on, the site work costs can be estimated based on the condition of the lot. Once you have that information, you can choose a floor plan and start choosing the customization features that will fit the rest of your budget.
How long does it take to build a new home?
This is the second most popular question around the custom home building process. Building a custom home entails design customization, acquiring permits, site preparation, and the actual construction of the home. After the foundation is poured, the process typically takes between 4 to 6 months. Before the foundation is poured, the amount of time will depend heavily on factors such as how quickly you make decisions, your local permitting process, and contractors’ schedules to prepare the site. For more details about the timeline and process of building a custom home, check out our Ultimate Guide to Home Building here.
What do we mean by “site development”?
Many people picture the home building process starting at the site itself, during the construction phase. However, there is a lot of work that is done before a single piece of lumber even arrives onsite. Site development is the process of preparing the lot for construction. It will be different for every lot, but it often includes things like grading, clearing, sewer excavation, and septic installation.
While we offer our existing floor plans to help guide you to your dream home, they are just a starting point that we’ve created based on our years of experience and expertise in home building. You have many options, whether you want to increase the size of the rooms, change the locations of walls, add a second master bedroom, or create a living room for hosting. You can also choose all of the fixtures, paint colors, floor materials, and other finishes. Each home built by Elon Homes is customized to the specific needs of the customer to ensure you are building the home you’ve always wanted. Even if you have a specific idea that may not be logistically feasible, we can guide you in the right direction to something similar but more functional.