Creating a Budget for Your New Jersey Custom Home
Embarking on a custom home build in New Jersey can be a huge undertaking. While incredibly exciting, it is also a time for realism. It’s important that you not only agree on a budget for your household, but that you select a custom home builder that works with you during the planning process to establish a budget that you feel comfortable with. A good builder will not only offer advice to help you avoid common pitfalls, but work with you side by side to explain the underlying cost of building a custom home.
WHAT TO CONSIDER WHEN PLANNING YOUR BUDGET
What will you spend to purchase a property?
- We'll help you determine feasibility, determine any possible issues and identify areas in which the seller should give money back (ie: taxes, utilities)
- We work with you to identify any ‘hidden problems’ that may arise during the land acquisition process, issues like, zoning, testing, soils, wetlands, back taxes, and permitting.
After you’ve acquired your land, step two is to analyze the cost of any improvements that may need to be made on that land.
- Are there any trees that need to be removed prior to building?
- Do we need to import or export any dirt?
- Will you require an extended driveway?
- What is the cost of utilities? Do we need to be aware of sidewalks or stormwater management systems?
- Does your lot require any additional demolition?
By now, we've had a few conversations and better understand your vision. Here's how we'll determine the price to build your custom home:
- What type of home do you want us to build for you?
- What features are a "must-have" (home office, wine cellar, mudroom, 3 car garage)?
- What features are a "nice-to-have" (finished basement, sauna)?