Share:

If you’re interested in developing real estate, your bottom line depends on your ability to build high-quality homes in a cost-effective way and turn them around quickly. To do that, you need an effective strategy for every part of the process. Here are a few tips which will help you profit when building custom homes.

Have a Budget & Schedule

Whether you’re investing your own money or seeking a loan to finance your construction, you’ll need to know ahead of time how much money you’re putting into this venture. Your bank will also want a schedule to tell them roughly when each of the project’s expenses will arise. Use this as an opportunity to establish schedule expectations with your building contractor.

Pick Your Location

Custom HomesThe more desirable the piece of real estate you choose, the quicker your finished home is likely to sell. Look at factors like proximity to local amenities and tax rates, and weigh them against the cost of the property before you buy. Even walkability, and green building are becoming a big factor on desirability. 

Design for Your Audience

To get an idea of what will help your custom home sell, look at the market and see which homes are selling. By looking at factors like room count and popular features, you can tailor your home design to the area and give buyers exactly what they’re looking for.

Work with an Experienced Home Builder

A good contractor for this type of custom home project is one who has plenty of experience in quality construction. Do your homework on the contractors in your area; you’ll need to establish a good working relationship with a company for this project and potentially future ones as well.

 

Building new homes is an effective way to make money, especially if you have skilled contractors on your side. Start laying out your plan today with Curtis Law Construction in Lihue, HI. This contractor has over 48 years of experience building on Kauai. Their excellent reputation comes from decades of consistent quality and customer service, as well as service to the community. To discuss your custom home project, call them today at (808) 246-0676. Visit them online to see examples of their previous work.

tracking