Should you buy land before hiring a home builder? That answer is up to you.
You find the perfect place to build your dream home and think you should snatch up the property before you have a home builder lined up. But this may not be the best practice. One common question we hear is “should I buy the land first or wait until I have a home builder lined up?” While there isn’t a definitive answer to this question, it is something we should talk about before buying land. Let’s take a look at your options.
Buying Land before Hiring a Home Builder
This usually happens when a prospective buyer finds a plot of land that has everything they ever envisioned for their dream home. With plenty of space, beautiful trees, and far away from other homes, a property like that should be snatched up before you miss your opportunity. If the lot has everything you want in it, you will need to secure it right away by paying cash or using a loan for the property. If you are able to purchase the lot first, you will have the benefit of being able to bring a custom home builder like Rainbow Construction to the site. Your builder will be able to get a feel for the land and work to incorporate critical aspects of the land into the design like slopes and areas that may have a drainage problem. Your builder can offer design ideas that will fit your plot of land during your initial house planning meetings that you may not have considered before.
Hiring a Custom Home Builder before Buying Land
Many people prefer to hire a builder before buying their plot of land because it is the cheaper option. Home builders can assist you in selecting the ideal location for your home or already have lots available where they have configured improvement costs, allowing them to give you one final price for building on that lot. This can help take some of the guesswork out of how much a custom home will cost you. If you are looking for control over your overall price and are willing to make the concession on your view or the amount of land, this way is worth it.
Building a custom home is stressful enough without worrying about the process of acquiring a piece of land. But with the right information and a good home builder on your side, you will be able to have your custom home. For more information on building a custom home, call Rainbow Construction today!
Buying Land with Rainbow Construction!
Are you interested in building a custom residential home? Call Rainbow Construction today! Backed by more than 53 years of experience and an exemplary reputation for quality, Rainbow Construction can deliver the results to meet your unique needs. Rainbow Construction is also a family-held firm and remains independent to allow unsurpassed customer relations and service while providing excellent quality of work. To learn more about our services and see why Rainbow Construction is the choice of so many Maryland homebuyers, schedule a consultation by contacting us today.
Connect with us on Facebook, Pinterest, Twitter, LinkedIn, and Google+.
