While there are some advantages to building your own home on your own lot, you will likely lose on materials costs, on land costs, and may even suffer some unpleasant surprises. A recent article in the The Washington Post spells out the pros and cons of taking on such a monumental task by yourself. When a Fairfax, Virginia couple decided to build their own house, they learned the hard way that doing it yourself can be both very trying and very expensive.
It may be difficult to find the financing you need: “Many banks no longer offer the land and construction financing. Those that do usually demand down payments of 20 to 30 percent.” And, there may be issues with the actual lot that you didn’t or couldn’t plan for: Asking for more time to build may be an issue, contracts can be confusing, zoning regulations are always complicated, and the basic site prepping can also uncover issues that will be expensive—and time-consuming—to correct. Read the complete article here.
As the Luxury Maryland Homebuilder, Mid-Atlantic Builders capably deals with these issues and more so that you don’t have to worry about them. And because of our experience and strong partnerships within the industry, we can provide the most house for your money, with less stress, and in faster time. Our communities include Ashleigh, Beechtree, Woodmore North, The Villages of Savannah, and Meadow Creek. Mid-Atlantic Builders builds new luxury homes in Maryland, including Luxury Homes in Prince George’s County, New Homes in Upper Marlboro, and Maryland New Homes. There are simply no more beautiful new homes in Upper Marlboro than our Prince George’s County Luxury Homes.
