Building a House? Here's what you need to know.

Real Estate

Regardless of what part of Dallas you call home, there are new houses going up all over. Many homeowners dream of the day when they get to sit down with a builder or architect and design their own home. From the paint on the walls to the floor in the home, the exterior brick to the kitchen island, all of it is chosen by you and for you. If building your own East Dallas house is in your plans, here are a few things you'll want to keep in mind.   

Homeowners Association

If you're moving into a new development, it's good to find out ahead of time if there will be an HOA. Before starting on the design and selecting upgrades, you'll want to know if there are any restrictions in the neighborhood as to what type of fence you're allowed to have, color paint you can use, what the dues for the HOA are, and what it covers. The last thing you would want to have happen is to move into a neighborhood where you don't like the HOA guidelines. 

Selecting a Builder or Architect 

Some developments only work with one builder while others work with multiple builders. If you've purchased a lot within an already established neighborhood, you may be able to pick any builder or architect that you like. Make sure you interview the builder before getting started. Take a look at past houses they’ve built, do some research on their reputation, ask questions regarding their warranty, and if they offer any free upgrades. It’s also important to note, that even though the builder will have an inspector do a walk-through on the home, I would also recommend hiring your own to ensure nothing is missed.

Timeline

Once you’ve selected a builder, you'll want to discuss the timeframe it will take to build your new house. It's important to remember that at times you may need to be flexible because situations could arise that are out of their control, for example, weather. If this happens, stay in contact with the builder so you will know how this will affect the overall completion time.

Use a Real Estate Agent

When you’re building a new house, while you'll be in contact with the builder regularly, it's important to remember that he is the seller of the house. The builder is going to be on the lookout for the company's best interests. That's why it's important to hire your own real estate agent to look out for yours. Your real estate agent will be able to visit the job site on your behalf, and there's a good chance that the builder will pay the agents commission in a new development. That's why it is crucial that your agent accompanies you to the first meeting with the builder to ensure they are registered as your agent.

Designing Your Home

The moment you walk in the door the first time after it’s built and you look around at all the features knowing they were picked by you is unforgettable. When you’re designing your home it’s important to remember to design for tomorrow. Make sure the home is going to give you plenty of space to grow. When you’re picking out the features including countertops, paint color and flooring, be mindful of your budget, don't overdesign a home that you suddenly can't afford. We don't know what the future will bring, but it's best to be as prepared as possible.