Finding A Custom Builder or Buying a Lot: What Comes First

Based on our years of experience as a custom builder, we would like to share some insights with you and help set your expectations regarding starting the home building process by either finding a custom builder or buying a lot. Which one should happen first?

This choice can significantly impact your overall experience and the final outcome of your project. Engaging with a custom builder early on brings a lot of advantages and clarity. On the other hand, buying a lot first comes with its own set of benefits. As is usually the case, there are pros and cons to both approaches, and understanding these will help you set realistic expectations as you start this exciting journey.

In this blog, we will dive into the details of each scenario, providing insights to help you make the best decision for your situation. Finding a reputable custom builder who is educated and well-versed in land characteristics is key, but doesn’t always have to preclude pursuing a lot purchase. Let’s take a closer look at both routes.

Are you ready?

Why Finding a Custom Builder First Is Important

When considering the purchase of a lot for a custom home, it’s essential for homeowners to avoid rushing into a decision. First and foremost, meeting with a custom builder can provide invaluable guidance in lot selection. Builders possess deep knowledge of various land characteristics that can affect your project, such as slope, zoning restrictions, and soil conditions.

Custom Builders Have Experience

An experienced builder, either by knowing the land or scheduling test holes, can help you when purchasing a lot. You will have a better idea of potential difficulties that might come up and effect your finances and timeline.  

These factors can significantly influence both construction costs and the feasibility of your design. By consulting a builder, you can uncover potential issues that may not be immediately apparent, ensuring that you make an informed choice that aligns with your vision and budget.

Pre-construction Planning

Additionally, engaging with a custom builder allows you to focus on pre-construction planning before committing to a lot. This early stage encompasses important steps such as home design, budgeting, and obtaining necessary permits. By starting this process early, you can streamline the timeline once you secure a lot, making the overall building experience smoother and more efficient. A builder can help you navigate these pre-construction phases, ensuring that when the time comes to break ground, everything is in place for a seamless start to your project.

Custom Builders Have Connections

Another advantage of consulting a builder before purchasing land is their extensive network within the industry. Builders often have connections with developers and may have insider knowledge about upcoming lots that are not yet on the market. This can give you access to opportunities that you might not discover through standard real estate channels. Furthermore, builders sometimes have the ability to negotiate better prices or secure discounts on lots, making it financially beneficial for you as a future homeowner.

Insights Into Additional Building Costs

Moreover, a custom builder can help you understand the overall costs associated with building on a specific lot. They can provide insights into potential additional expenses that may arise based on the land’s characteristics, which can help you avoid costly surprises down the line. By having a clear understanding of these factors before making your purchase, you can better prepare your budget and ensure your project remains on track financially.

Taking the time to meet with and learn from a custom builder before rushing into a lot purchase is essential for any homeowner. Their expertise can guide you in selecting the right land, planning effectively, accessing exclusive opportunities, and understanding the true costs of your project. By making informed decisions early on, you can set the stage for a successful and fulfilling home-building experience.

How Can Buying A Lot First Be Beneficial?

Owning a lot before engaging with a designer and finding a custom builder in Twin Falls, Idaho, is another path to starting your new build that can potentially save time, money, and stress. Firstly, having a specific piece of land allows for a more tailored design that takes into consideration the unique characteristics of the property.

Lots Influence Architectural Decisions

Each lot has its attributes, such as slope, orientation, and surrounding environment, which can significantly influence architectural decisions. By securing a lot first, you can work closely with your designer to create a home that fits your vision and harmonizes with the land. This path ensures that the design takes advantage of natural light, views, and the landscape, ultimately enhancing the living experience.

Another key reason for purchasing a lot beforehand is the financial clarity it provides. The cost of the land is a significant factor in the overall budget of your project. Not knowing how much you’ll need to invest in the property is challenging for builders, it complicates their ability to give you an accurate estimate for the entire project.

Owning A Lot Prevents Financial Surprises

By owning the lot, you can better evaluate your total investment and make informed decisions about your future home design and construction budget. This proactive approach can prevent financial surprises down the road, allowing you to allocate funds more effectively towards features that truly matter to you.

Furthermore, owning a lot empowers you to explore a wider variety of design possibilities. If you rely solely on a builder’s recommendations for lots, you might miss out on properties that better suit your needs or preferences. When you have the flexibility to choose your own land, you can consider various options that align with your lifestyle, from proximity to schools and amenities to outdoor recreational opportunities in Twin Falls. This broader perspective can lead to a more satisfying and fulfilling home-building experience, ensuring that you find a lot that genuinely resonates with your vision.

Securing a Lot Mitigates A Risk of Missed Opportunities

The risk of missed opportunities is another compelling reason to secure a lot before starting the design and building process. By limiting your search to a builder’s suggestions, you may overlook some areas that are dear to your heart and carry familiarity. In fact, some of those unique opportunities could provide a better fit for your needs or budget.

The real estate market in Twin Falls offers a range of properties, and taking the time to explore different lots can lead to discovering hidden gems. Owning a lot gives you the freedom to take your time, research options, and choose a property that will become a home and will serve your needs and lifestyle the best.

Buying A Lot First Fosters Collaboration

Finally, starting with a purchased lot fosters collaboration and communication between you, the designer, and the builder. When you have a clear vision of the land you want to develop, it sets the stage for constructive conversations. Your desires for home features, layout, and style can be more effectively communicated when you consider how they will interact with the specific lot. This collaborative approach can lead to innovative solutions that optimize the design and construction process, resulting in a home that not only meets but exceeds your expectations. Overall, owning a lot is a foundational step that paves the way for a successful and satisfying home-building journey in Twin Falls.

As you can see, finding a custom builder first is a great route to take. It will always come with guidance and expertise. Buying a lot first is a financially safe decision that can prevent many risks and foster excellent communication and collaboration between you and your future custom builder.

There is more than one “right” way to do most things. At Meg & Co., we specialize in crafting custom homes with beautiful designs that suit your lifestyle and preferences. We will gladly join you on your journey to create your dream home, whether you have a lot or if you don’t. Contact us at Meg & Co. to schedule a consultation and start your custom home-building journey today.