So you’ve decided to purchase a lot of land so you can construct your dream house. There are many benefits to having a custom home builder guide you through the transaction. There are, however, a few reasons to purchase your lot before you hire a professional. To help you weigh the pros and cons, here are a few factors to consider.

Should You Buy a Lot Before or After Hiring a Custom Home Builder?

Pros of Working With a Home Builder

A home builder offers assistance in areas you may not know about. Contractors can take your criteria and help you locate the best spot to get exactly what you want. They can look at land choices and give advice on the one that suits your needs. They will also guide you on the materials necessary for the job and have extensive knowledge on prices and changes in the industry.

Going solo may cost you more money in the long run when you don’t have a knowledgeable person at your side. It may require more equity upfront, since you are purchasing earlier than your intended construction time. You may also get a piece of land that isn’t desirable for the design you want. A custom home builder will know zoning regulations and other limitations to look for when viewing potential lots.

Cons of Working With a Home Builder

When you work with a home builder, the decision isn’t solely yours anymore. Their advice is definitely an asset, but when you choose to buy without their help, you have complete control over every decision, from the type of land to the architecture and materials.

Furthermore, working with a home builder means buying the lot and then getting right to work on your designs. When you need to space out your finances, having a contractor ready to go may not be feasible. You may opt to find the lot on your own and wait to hire someone to space out your spending.

Finally, having a custom home builder waiting to work may limit your loan term options. Some banks offer better financing when you apply for land only. The loan may be enough to extend to your construction, or it may give you time to save more money to put toward the house of your dreams. Banks also may be more willing to work with you when they see you’ve committed to the land and are serious about finishing the project.

Signature Heating, Cooling & Construction in Trinity, NC, brings more than two decades of expertise to every renovation and new home construction they work on. Known as custom home builders who provide exceptional quality and top customer care, these contractors have the ability to help their clients every step of the way, ensuring the result is the dream home they’ve always wanted. Visit them online or call (336) 431-0380 to get started.