How to build a home

Now is a great time to build your dream home.

These days, home prices are affordable in many parts of the nation. Labor and construction costs have stabilized, and interest rates are near historic lows.

When you are considering the next step toward building a home that's all your own -- from design to finish -- here are some things to keep in mind.

CUSTOM OR NOT

Your first step is determining which kind of builder you want: custom or production.

Both builders have advantages and disadvantages.

Production builders are the most popular. Many people believe that production builders are affordable and fast. These builders have several floor plans they use and some level of interior and exterior customization.

When using them, you may be limited in the location of your home, how much the floor plan can be customized and the kind of quality you can expect.

With a custom builder, you limit is only your imagination and budget. While a custom home can cost more than a production or "tract" home, buyers prefer it because they can build on their own land and decide every single aspect of the construction process.

FINANCING

The rest is here:
How to build a home