The more things change, the more they stay the same. The market goes up, the market goes down. Gold is iffy?. But property is property; especially luxury property with a custom home built on it.
Of 500 luxury home buyers surveyed, 75% believed that home ownership is a sounder investment than the market, and 57% of luxury home owners say they see home ownership as a greater indicator of success than someone?s job or their title. Of these luxury buyers surveyed, 58% said they already owned more than one home to support their various lifestyle activities.
How long does custom building take? I could move into a McMansion now.
About two-thirds of Americans who plan to hire custom home contractors already own land or are currently in the process of acquiring the land on which to build. And the time it takes luxury home contractors building a dream home can be from 10 to 16 months, depending on the size and complexity of the house, where it?s being built, and what time of year the construction is being done. But why settle for something prefab when you can have what you?ve always wanted?
And if you think doing it yourself will save time, think again. In a survey of construction from the Census Bureau, buyers who hired contractors completed their homes at least four months faster than Americans who built homes on their own. And when you hire luxury home contractors you don?t wind up with some DIY house that needs kitchen remodeling, you?re working with custom home builders who give you what you want and deserve to begin with.
So, Who Do I Hire and How Much is This Going to Cost?
You want to hire luxury home contractors who have been in business locally for at least five years, because they have an established network of suppliers and subcontractors, and a reputation to uphold.
As to price, that depends on you. Custom home designs can include the kitchen of your dreams, that bathroom you?ve always wanted, why, luxury home contractors can even work with you landscapinh the yard (or pitch n putt course) you?ve always envisioned.
A good rule of thumb when it comes to the price of building a custom home, have 10% more than you think you?ll need at the outset put aside for emergency funds. Better safe than sorry.
And f it doesn?t get spent, you can use it to start the bathroom remodeling on one of your other places.