When thinking about building a new home, you will find you have tons of decisions. One of the first decisions you need to make is where to find the architecture or builder. You have a choice of purchasing a home already under construction in a subdivision or building from scratch. In this case, you need to find professional architecture and/or builder, looking for one that has the same vision as you.
Keep in mind that while the house is under construction, your architecture, or builder will work closely together. Therefore, in addition to choosing someone that will build the house of your dreams, you also want someone who is easy to get along with, making the experience successful and enjoyable. Now, after locating this professional, you need to check out the various options for financing.
Typically, you would meet with a lender just as you would for buying an existing home. However, many special programs are available for builders. You also need to be prepared for compromises, which is a natural part of the building process. Just remember that when building, unless you are on an unlimited budget, building can be expensive.
To give you an idea of where your money will go, consider cost of building, the lot itself, price for any building codes and/or regulations, neighborhood dues, and so on. While building a house can be challenging, just keep reminding yourself how great it will be when finished.