When you are considering new home construction, you may wonder what you need first – a lot or a builder. The question does not have a straightforward answer, and in all honesty, both ways can work. Hiring a custom home builder first allows you to pick the right lot for your dream home, while in another scenario, you have the time to plan and do research for the perfect home to fit your lot. The decision is all yours, and it is good to evaluate all available choices. Here is our take on which should come first, securing a lot or finding a builder.
First Step in New Home Construction Lot or Builder?
Buying a Lot
Buying a lot first would be something to consider when location is your top priority. The perfect lot might become available before you are ready to build. Having the lot allows you to envision what your dream home would look like setting on it.
It is also good to secure land in advance of hiring a builder when a good piece of land is available, but you don’t have savings right away to commence construction, or perhaps you’re not ready to finalize the design of your dream custom home. Having a break would let you save more money and do research on community rules and design trends.
But as we said prior, hiring a builder after a lot has some pitfalls as well. When you have a lot, you’re already committed to following the land by rules. Your builder has to follow the amount of room available and may have to downsize or make an adjustment to the floor plan accordingly. It is also hard to find the right-sized land when the building design and size are not known. So, finding the property would take you months or even several years in a well-populated location surrounded by businesses.
Hiring a Builder First
Now let’s explore the second option at hand. Hiring a builder first would mean that you’re able to begin building more quickly. You don’t have to wait for months or years to find the suitable land or wait for the availability of a lot you’re eyeing.
A good builder will help with your design decisions and advise you about the type of land for your search. They can give you tips on the location and can check the property before making a deal avoiding problematic lots that will cost more making developments. The builder can tell you if the land fits your building criteria, specifications, and whether it meets local regulations.
Many homeowners prefer this option because local builders are more familiar with the community and the neighborhood. They’re in this business for years and know the lots available for sale and being actively developed.
Nubuildz
You see that hiring a builder and securing a lot first both have some pros and cons. But you, as an investor, have to make a well-informed decision that goes well with your situation upfront. Are you still confused about where to start with new home construction? Don’t worry. Nubuildz is here to help. Contact us today and see what we can do for you.
