We may be in the throes of winter, but now is the time to start planning your new custom home if you want to be settled in in time for the next school year.
“It takes anywhere from a couple of weeks to a couple of months to pin down the exact specs of a custom house,” says George Caravelli, owner of Worthington Homes, in Lakewood, Illinois. That involves making final selections of all your options, such as finishes and colors, as well as finalizing blueprints and necessary permits.
“This is the perfect time of year to do those things,” Caravelli says. “People don’t think about it being the middle of winter, but if you want to be in a new custom home by the beginning of the school year you better start now. If we break ground April 1, you’re not going to be in it until some time in August. You want to be one of the first starts of the year, so you’ve got to get the ball rolling,” Caravelli said.
The benefits of planning now are beneficial financially as well as timewise. “January is when we hear from all our vendors and suppliers who are talking about upcoming price increases,” says Caravelli. “You can save money by locking in prices before they go up.”
Another advantage of winter planning is that It’s generally a down time of year for the homebuyer, when kids usually aren’t so involved in sports and other activities. “It gives you time to make selections and spend time working on it,” adds Caravelli. “It’s a process. One thing leads to another, so it’s important we manage the process. You have to plan ahead or you hit dead times and it drags out the building timeline.”
Additionally, interest rates have come down 50 percent, adds Caravelli, “so it helps to take action.”
6962 Cambria Cove
Lakewood, IL 60014