So, you’ve purchased land with the intention of building your dream home, Congratulations! This is a very exciting time, as there are many benefits of having a custom-built home. While it’s advantageous to build a home on your lot, it’s always a good idea to consult with a homebuilder early on to make sure you fully understand all the variables involved.
Build a Home on Your Land
- The first plan of action is getting your budget together. We can refer you to several of our trusted lenders. If their estimations seem higher than expected, this is perfectly normal. Most lenders want you to have a cushion in place to ensure you won’t have any unexpected expenses to cover during construction. It’s not uncommon for homeowners to make changes as the home is being built. We are well versed in estimating construction costs and will provide you with an accurate estimate for the costs of site development, construction, upgrades, permitting, and extras.
- Finding a home builder early is next. This is essential to the process. It saves you time and money in the long run. That’s where we come in! Renaissance Custom Homes has a developed a proven process that takes the guess work out of building a new home. With 38 years of award winning experience, and our own in-house design team, we have simplified the process of building your new home.
Building a Home On Your Own Land
Our in house designers will be able to take your ideas and bring them to life. When customizing your plans, it’s important to consider your daily activities. Think about the things you do, things you need, and things you want. If you need an office, it’s important to think about where you want it and how much natural light you want. If you have relatives that may come live with you, adding a separate section or suite is necessary. If you need a game or playroom for the kids, location and size are key.
Companies That Build Houses On Your Land
There are many builders, however, you want a builder that has an excellent reputation, is trustworthy, and knows the intricacies of your project. A local team that will have the best subcontractors, good relationships with permitting agencies, have a better understanding of land and zoning rules, including easements and restrictions. If your land is in a rural area, the requirements may be different.
A good builder should be able to give you detailed information on what you need. During the initial consultation, they should inspect the land, look at the specifications, and give you a rough estimate of what it will cost. This is what we do on a daily basis! We do a site visit at each of our client’s property to give them an accurate estimate of what the cost will be to build on their site, so there will be no last minute surprises!
One of the most important aspects of this entire process is the time it will take to build your home. That's why Renaissance Homes is so widely trusted. We have been building in the Portland Metro and surrounding areas for 38 years, and we have developed exceptional relationships with our local subcontractors and jurisdictions.
Don't Rush the Process
You should have a realistic estimate of how much time it will take to build your home and how much land you need. The property lines, whether you want a large front or back yard, and other things you may want to do on the land should be factored in.
As part of the building process, we will obtain all of the permits needed before attempting to build a home on your land. It is our responsibility to keep your best interests in mind once you sign the contract.
We also work with the utility companies to get your groundwork items in place the right way. Can your home be connected to the city’s sewer system, or will you need a septic tank, which adds additional costs to the build. Any additional work could result in more money. That’s why it’s so important to have a realistic budget in mind.
Other Factors and Costs
When building a home on your lot, there are other costs to consider. If there are a lot of trees on the land and you need some of the land cleared, that can add up. Other things that may not have been considered include the types of materials used, how much it will be to hook up those utilities, whether you need the land built up in one place or water flow rerouted, and the type of driveway you want.
All of these details may seem overwhelming, but we are here to guide you through the process, every step of the way. And in the end, there is nothing quite like having your own land and building the home of your dreams that actually fits your lifestyle. The eventual cost savings will be an added bonus!