As inventory levels in luxury communities continue to decline, more and more determined homeowners are purchasing lots and going about the process of building their idyllic mountain estate from the ground up.
Constructing a home offers complete control over the design process and materials. However, supply chain issues are apt to throw off even the best of timelines. The following guide will explain how to plan for a luxury home construction and how to avoid setbacks.
In our experience, currently (and this timeline is a moving target), it takes 18–24 months to build a 5,000 SF luxury home in western North Carolina, assuming construction begins before winter. Supply chain issues are pushing the timeline closer to 24 months. In 2020, we saw the increased cost of materials vary from 35%–65%.
Read more: How Much Does It Cost to Build a Luxury Home Near Asheville, NC
Here is a simple timeline of the construction process based on our experience building luxury homes on spec.
The first six to ten months are usually dedicated to the design and review phase. This typically includes tasks such as:
Clearing, grading, and foundation can take about 90 days, depending on the time of year in which the construction begins.
Framing takes another two to three months. During this period, the contractors will also typically install the mechanicals, such as HVAC, electricals, and plumbing, as well as add insulation and drywall.
The remaining details, from trim to cabinets to the ceiling, can easily take up to 12 months. Future homeowners have a lot of decisions to make at this state, including choosing:
While this is typically how long it takes for us to complete a luxury home, it’s not necessarily how long a prospective homeowner will have to wait to move in.
With our WCR Luxury Spec Home Program, we often deliver luxury homes to the buyer in six to 12 months, depending on which stage of the build prospective homeowners enter the process.
This way, homeowners get to skip the most tedious part of the home building process, yet enjoy the fun of personalizing their home toward the end.
We see the most issues in the first 12 months, when new homeowners are deciding on a design and trying to get the home off the page and into the ground. Delays and other issues frequently occur later in the process as a result of homeowners changing their mind.
Here are some tips to shorten the learning curve and avoid potential issues while building your dream home:
Read more: Luxury Home Features and Design: Essentials and Inspirations for 2022
Even the best laid plans can go awry, and new home construction provides many opportunities for issues. After years of watching projects take far longer than needed and homeowners struggle with construction issues, Walnut Cove Realty established the Luxury Spec Home Program.
In essence, the program handles everything from purchasing the lot to designing the home to framing, taking into account key layout and design elements that have a tendency to cause duress for homeowners.
At the time in which the spec home is sold, the new homeowners can make small layout adjustments and focus all their attention on the interior details, making the final product their perfect mountain escape.
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