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Preparing to Custom-Build Your Home
Thomas E. Tate leads as owner and president of Tate Builders Inc., a design-build construction firm on Martha's Vineyard in Massachusetts. Over the past 22 years, Thomas “Tom” Tate has created numerous custom-designed homes for clients with a variety of tastes. If you dream of a home that is suited exactly to your style and includes all of your most desired features, a custom build may be the right solution. While custom building allows you to select every element that goes into the construction of your home, it does require a fair amount of financial and logistical preparation. Experts recommend that you start by creating a budget, which will help you to make informed choices about location and design. You must then ensure that you are able to source financing for both the land and the construction, a process that may include a down payment of up to 25 percent as well as significant cash reserves. Once the financial aspects of your project are in order, you can begin planning. You may choose to find your land first or select a builder who can help you find the right piece of property. When you know who is building your house and how much space you have for it, you can finally begin to make specific choices regarding details. By the end of the build, you will have chosen every feature of your home, from cabinet hardware to the dimensions of your master bedroom.