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To Build, Or Not To Build... That Is The Question

While almost everyone agrees that there is nothing like new... There is a huge difference between buying a new home that's being built, or has already been built by a builder, and Custom Building your own new home versus just buying a home that's been previously lived in! The pros and cons, and the complexities in the process are rarely known except by those who have previously built their own custom home.

While Mitch lists a bulleted outline below of everything that's part of the discussion, included in the process, and should be part of any decision... Truly the best way to start the process is with a phone call, or an in person meeting, with Mitch! And you should allow 60-90 minutes for this conversation.

Pros

  • Get What You Want In A New Home.

 

Cons

  • Decisions /Stress

  • Higher Cost… Because There Is Less Ability To Negotiate on Custom Building

  • Might as wells… The Budget Busters

  • A Protracted Timeline That Results In Less Certainty on Costs

  • Double Home Payments… Interest Only options On The New Construction

  • Infrastructure… Clearing Land For The House, Installing: A Driveway, Well/City Water, Septic/Sewer

  • Ongoing Construction Around You.

 

Designing The House

  • Size And Functional Criteria

  • Esthetics and Design

  • Style (Ranch, Two Story, Daylight Basements, Walk-Out Basement Etc.)

  • How Long To Work Through The Iterations Of A Design/Plan

  • Fees To Design The Property

  • While The Point of Custom Building Is To Get What You Want, Resale Considerations Must Still Be Part Of Any Design

 

Finding The Land

  • Covenants, Conditions, and Restrictions (CCRs)

    • Restrictions On The Size of Above Ground, First Floor &/or Total Square Feet

    • Timelines To Start and Complete Building Within

    • Design Approvals By HOA/Developers

  • The Suitability Of The Land/Lot Including Any Prior Use Issues

  • Are Their Restricted Builders That Can Build The Property

    • Ensures Comparable Home Quality & Price Points

    • Reduces Competition In Pricing.

    • Provides A Revenue Stream

The Entire Timeline

  • Designing The Property... 1-3 Months

  • Finding The Right Land... Months Or Potentially Years

  • Building The House... 8 - 13 Months (Gaining HOA ARC Approval, Obtaining City Permits & Building The House)

Real Clients, Real Results, Real Reviews...

I always felt relaxed and like his only client...

Purchasing Indy real estate virtually from California during covid, was not within my comfort zone. I needed an agent to patiently show me things as though I was there myself, speak with blunt honesty and find balance between my "desire" list and a stable long term investment.

Mitch doesn't miss a beat! He is highly intelligent, engaged with his clients - stellar communicator with a wealth of wisdom not only through the home buying process, but in life. I always felt relaxed and like his only client, yet knew he was doing much hard work in the background.

I've heard in life that "your realtor is your best friend!" Best friends work for your best interest; he was always right there and always told it like it was....so appreciated!!! He exceeded all expectations and hope to work together again in the future!

KRISTINA & ROBERT O

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