Five Common Misconceptions About Homebuilding
Homebuilding may seem complicated, but thanks to their all-in-one platform, Atmos makes creating the home of your dreams simple – and within reach.
Home buyers who have never built a custom home often have a few preconceived notions surrounding the homebuilding process. Whether it’s the cost and timeline for a custom home build, or the idea that a custom home is financially is out of reach, Atmos is dedicated to simplifying the entire home building process from design to move in by addressing these issues head on. See how these most common misconceptions are debunked when choosing Atmos as your builder.
You must purchase land before you can hire a builder
While you can purchase land prior to hiring a builder and we’ll work to help you find the perfect home plan that fits the dimensions, it can be beneficial to work with Atmos to select the both at the same time. We recommend that you choose both at the same time because it makes the process simpler both in being able to tell if a selected lot will work for your particular build and to help you to understand any potential construction or budgetary issues that could arise.
Atmos partners with experienced home builders in your desired area which allows our team to leverage their years of local expertise in addition to their supplier and subcontractor connections.
It's difficult to be approved for a construction loan
A home construction loan will give you access to the necessary funds to build your future home, and in some cases could convert to a traditional mortgage after construction. Both home loans and construction loans will make buyers move through a similar process, such as proving your employment status and current credit score, but since you will be applying for both at the same time, you’ll only be dinged for the credit check once rather than separately. While home construction loans typically come with a higher interest rate, you may be able to lock in a fixed interest rate.
Atmos’ partnered lender will help you find the right lot and construction loan for your specific budget and can combine the two into a single mortgage payment – all through their easy, all-in-one digital platform!
Homebuilding is more expensive than purchasing a resale property
While the base price of a custom home build may initially outweigh the cost of purchasing a pre-existing home, buyers should consider the full operating costs of both choices. While building a new home often doesn’t offer the same level of convenience as buying an existing house, there are a variety of benefits to customizing your new home.
A new build will come under warranty, meet new energy codes, and be an overall more efficient house, which in turn helps the environment while simultaneously saving buyers’ money on utility bills each month. Additionally, a new home will require less maintenance and overall repairs which will reduce unexpected homeowner expenses. And although upfront costs of building can be higher, the resale value of a brand-new home can lead to significant profits in the future.
The home building process will take more than a year
Depending on the size and level of customization to the home, traditional building can take ten or more months to complete. Of course, delays can occur due to weather conditions, material deliveries, or late layout changes, but there are ways an expert build team can protect against potential setbacks.
Planning is one of the most crucial steps to shortening the building time frame, as this can often reduce the chance of delays and mistakes throughout the process. When building with Atmos, the dedicated team of experts can help to reduce the building timeline to just eight months, thanks to their dedicated home concierge service and strong partnership with the best builders in the business.
There are too many complicated decisions with a new build
Some worry that the home building process will be an overwhelming experience thanks to the many decisions to consider. Building a custom home allows for a greater level of customization for the rooms and amenities that matter to you in your home and your home concierge will be there to guide you through all the options.
Unlike traditional builders, however, Atmos is proud to offer a concierge service that acts as a liaison between your family, the builder, architect, and design team to communicate with them about your design choices in the language they understand . This allows future homeowners to build their dream homes from start to finish exactly as they want it, but within budget and timeline because it removes friction from the process
While many think this process is outside of their reach, Atmos is flipping homebuilding on its head with their digital, all-in-one platform, that makes it easier than ever to create the home of your dreams. When you choose to build with Atmos, we’ll guide you through the entire process and make it a seamless, simplified experience. Contact us today to get started!
