Designing and building a custom home is an exciting journey, especially in a vibrant, fast-growing area like Central Florida. Working with the right residential construction companies in Orlando is essential to an on-time and on-budget custom home-building experience.
Most people don’t build custom homes every day, so our team at Venue Construction is here to help make the process easier. In our post today, we will discuss the five most important steps to ensure your home-building project is smooth and successful.#1. Set a Realistic Budget
Before making any other decisions, the first aspect to consider is your budget, which will drive most of your choices throughout the custom construction process. A general budget breakdown for a custom-built home will consist of:Land Cost (25%) + Design and Construction Cost (75%) + Final Touches (5%-10% of Land Cost + Construction Cost) = Total Project Cost
In most cases, the land cost should not exceed 25% of your total budget plus your construction costs. However, this percentage may increase if your goal is to build on a unique parcel or on a large acreage where land values are higher. Along with setting aside these general percentages for land purchase, it is also a good idea to plan for 5% to 10% of your land plus construction costs for finishing touches such as landscaping, furniture, and home decor. Some people prefer not to budget these expenses into their total project costs. However, we have found that having finances in place for these essential home decisions creates a more comfortable and straightforward custom home-building process.
#2. Choose a Skilled and Experienced Builder
After setting an initial high-level budget for your custom home, the next critical step is deciding on the best residential general contractor for your project. Choosing the right builder in your local area significantly impacts the quality and overall success of the building process. When starting this step, look for residential construction companies in Orlando with experience building custom homes that align with your budget and stylistic choices. An Orlando builder with first-hand experience and knowledge of the local permitting process and construction code requirements will help streamline the building process and ensure compliance with city regulations. Consider these aspects when looking for residential construction companies in Orlando:- Current projects and past portfolio
- Client reviews
- Client referrals
- Necessary licenses and insurance
- Contracts, pricing, and payment schedules
- Quality craftsmanship
- And more
#3. Define Your Vision
Some may argue that defining a vision for a custom-built home should come first in the lineup. However, in our over 40 years of experience in the industry, we have found that the right custom builder can significantly help clients flesh out their vision and offer options that clients may not have previously known were available. During this step, contractors and clients should take the time to define a clear vision for home design and construction choices. It is vital to consider essential features, layout preferences, and architectural style. This can be particularly important in Orlando, where stylistic and lifestyle options may vary from bustling urban areas to lakeside retreats. Organizing these plans upfront in an initial consultation with all deciding parties and an experienced contractor can help refine these ideas and begin bringing your custom home vision to life.#4. Maintain Ongoing Communication
Once these first three key steps are complete, it is time for the custom home-building process to begin. Residential custom home-building projects involve many moving parts, so it is vital to maintain open, ongoing, and consistent communication with your general contractor. Experienced residential construction companies in Orlando, like Venue Construction, have diligent and organized project managers who ensure seamless updates and communication between contractor and client. These regular check-ins to discuss progress or changes help avoid future timeline surprises and organize each vital stage of the building process into manageable action steps.
