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What to Consider before Building a Custom Home in Jacksonville, FL

When you feel like you’re ready to start building a custom home in Jacksonville, FL, it’s important to consider a few factors. There are many aspects to the process that may not be optimal for every individual. Building your own home is a significant investment for anyone, so it is necessary to ensure you’re appropriately prepared for the task.

What It Will Cost
There’s no cut-and-dried way to know who is ready to build a home, but there are a few ways to determine for yourself. Firstly, it’s recommended that you think carefully about your financial situation. Building a custom home is a costly task, and you’ll almost always need to go through a bank to get pre-approved for a construction-to-permanent loan.

With this type of loan, you can ensure the builder is paid, and the bank will inspect the site regularly to verify that everything is progressing properly. At the end of the building process, you’ll receive a certificate of occupancy. From there, you can close on your new home and move to a permanent mortgage.

Relationship Status

Your relationship status is another crucial factor to consider. If you’re single, you may have a hard time getting a loan. Plus, if you plan on getting married and having children later in life, you’ll want to make sure your house fits into that lifestyle.

On the other hand, if you’re dating or already married, your combined income may allow for a better loan opportunity. You also may want to contemplate the possibility of a partnership agreement. Thinking about future possibilities can give you peace of mind.

The Future is Never Certain

Age might just be a number to some people, but it’s usually a good benchmark for where you are in life. For example, a younger person might not have their career set in stone just yet. In that case, it would be wise to think about the prospect of relocating for a job. What are your goals for your career? What if you change jobs in the next five years?

If you’re older and more experienced, you might have already been working your dream job for a long time. That makes it less likely that you’d need to worry about moving after building your own custom home. However, no matter which stage in your life you are at, you always want to consider future possibilities.

Location & Lifestyle

Where do you plan on building your custom home? Finding the right location is a critical step in the process. You don’t want to be too far from local resources like grocery and retail stores, schools, churches, neighbors, etc. You also want to make sure you’re meeting all local codes and regulations. A professional can help you determine the ideal spot for your new house.

Another factor to consider is your lifestyle. Will you require a specific amount of storage space? Do you need a separate study? Are you planning on housing overnight guests regularly? Do you plan on having children? All of these questions, and others, can help you figure out the size and scope of your project before you approach a builder.