The OYL Homes Benefits of Building a Custom Home
Buying a new home involves many decisions. You may choose to buy a custom home, resale, or a tract home. The right decisions depend on your preferences, budget, and timeline for move-in. A new home opens a world of possibilities. On Your Lot Homes program benefits your new custom home in Maryland.
Everything you need to know about OYL Homes and building a custom home is here! First, learn about the OYL Homes program for building your own home. Second, find out how the custom building process and OYL Homes program benefits work. Third, learn the differences between a custom home vs buying a resale or a tract home. Then, decide whether buying a custom home is right for you.
Design a New Home: Where Tract Homes Lack Personalization, Build Custom
Is a custom home or tract home right for you? Customizability is key to making your new home feel personalized to your preferences. A tract home limits flexibility to make changes. A tract home’s structure may not allow improvements.
The level of Customizability is Limited in Tract Homes
Tract homes are move-in ready. Although, there may still be optional upgrades and add-ons that you need. You will not be able to make these changes. Also, consider how buying a tract home impacts your resale value versus a new build with quality upgrades. Often, it is the custom home that is most worth your budget! The custom home delivers personalization that exceeds expectations!
Custom Homes Offer Flexibility, Add-ons, and Upgrade Options
A custom build allows you to choose your new home's finishes, fixtures, and optional features. You even have the option to make structural changes to the home’s design. For example, you may change the exterior and interior of your home’s design.
“Want a less expensive build? Decide what you can live without today, reduce the overall square footage, and add to the finishes. We call this the “jewelry box” approach vs the “big box” approach,” says Barbara Evans, Director of Sales.
For a custom home, you can choose building materials, floors, appliances, kitchen cabinets, and lighting features. Take advantage of the flexibility that custom home design has to offer.
Resale Homes Come with Traditional Layouts and Mature Neighborhoods
Resale homes are previously owned, not newly constructed, in mature neighborhoods. Think outside the box if you want to embark on a new journey. A custom home is your opportunity to build in a new community.
Every home site varies based on size, topography, local jurisdictions, and private or public utility availability. OYL Homes program can help you identify your options for a custom home through a multi-step build process.
You may have no choice but to consider resale homes due to budget, location, or homeowner association (HOA) requirements. Site preparation and permitting are the first steps to building a custom home. OYL Homes will make recommendations.
Custom Homes: Maximizing Resale Value & Energy-Efficient Features
New custom home features typically include energy-efficient systems. Maximize your budget with energy-efficient design through the OYL Homes program. We help you modify your home to include efficient upgrades. We can recommend add-ons that increase resale value.
A new home also gives you peace of mind with new appliances. You gain the advantage of lower maintenance costs compared to an existing home. New home warranties and guarantees minimize your out-of-pocket costs for repairs and maintenance issues. OYL Homes get each and every warranty on parts of your home.
You must consider your home's future use to maximize your resale value. Flexible space and multi-use spaces are also important parts of a home as your needs change. The OYL Homes program works to consider your future home needs from the start. With OYL Homes, you are not just limited to decorating rooms. On Your Lot Homes creates your future vision in a new home.
OYL Program Site Evaluation to Find the Right Home Site
When thinking about your new home process, you may also encounter strengths and weaknesses in your plan. This is where the OYL Homes program excels in bringing your design project to fruition. We evaluate your home site and help you find the right lot to start. Our $1B+ experience with land transactions gives you a team who can guide you.
Considering budget and local requirements, a custom home may work only with plan modifications. This is why site selection is so important for the location where you want to build. Furthermore, if you own a lot, developing will also take time. Partnering with OYL Homes means you benefit from our decades of experience meeting the challenges of site conditions or regulatory municipalities. We can help guide you through that process at no extra charge.
Financing a Custom Home in Maryland
OYL Homes works in all counties of Maryland. We have contacts in place in most jurisdictions. They are up to speed on the never-ending regulations and submission protocol changes. We ask the right questions to drive positive outcomes from our third-party engineers and consultants.
Maryland Custom Home Builder: OYL Homes Starts with Financing Options
Financing the cost of building a home also comes with construction loans. OYL Homes does not start building until your new home’s building permit is issued. Unlike an existing home, you buy your new home from a builder. You also need to move to permanent financing once the home building phase is complete. On the other hand, an existing home only requires a permanent mortgage.
Financing a Custom Home Versus Resale Home
On Your Lot Homes enables you to build backed by construction-to-permanent financing on approval. Our construction-to-permanent financing program options deliver a longer lock-in rate, savings in closing costs, and interest carry. OYL Homes walks you through financing your new home over time. On Your Lot Homes provides relief from any pressure to sell during the building process. Meet our lending partners.
On Your Lot Homes is Here: OYL Homes Program Availability
Building your custom home with OYL Homes is similar to working with a tailor to make you a one-of-a-kind outfit. We work with you to design your custom home with all of the personalizations you desire. Our program benefits you by helping you make the building decisions.
OYL Homes program is a multi-step process to build exactly where you want it. To start, we introduce your new custom home design under our program’s pricing model. Get access to better budgeting and forecasting with the included:
Site Preparation and Permitting
Base Home Price
Additional Features and Allowances
Requests for Custom Options
Ready to learn more and request access? Let OYL Homes guide you through the land process for your new build. For answers to your questions, contact us today at (833) 289-6954 or reach us via email at build@oylhomes.com.
