A custom home is one-of-a kind, designed specifically for particular clients and for a specific location with a particular design. A custom house builder may use plans created by an architect or by a professional home designer. They generally construct on lands owned by the respective home buyers. Some developers sell fully serviced plots especially for the construction of custom homes and the builders only need to focus on the designing of the house. This is possible as the plot is construction ready and the focus of the builders can only be on its design and development of the houses.

Points to know about custom home builders:

• The custom builders generally build on lands that have been already owned.
• The houses built by the custom home builders are unique. For this architects are hired. Though, some custom builders offer design or building services together.
• They usually build for single family homes (on priority).
• They are generally small-volume builders.
• They also tend to build high-end homes.

As you know, real estate developers are people who look after the multifaceted business processes, take charge of the activities including the renovation and re-leasing of the existing buildings to the purchase of raw land and the sale of pre-developed land to others. They are the ones who convert ideas on papers to real property. It is completely different from construction, though many developers do manage the construction process as well.

• The developers buy land, finance real estate deals, build or hire builders, imagine, create, contract and arrange the process of development from the scratch.
• They are the ones who take the greatest risks while creating or renovating the real estate and also receive the greatest rewards.
• Usually these developers buy a piece of land, find out the market value, develop the project, design it, obtain necessary public approval, look after financing, build the structures, rent out and then finally sell it to the buyer. Though, some only undertake only a part of the entire process.
• They work with different counterparts along each step of the process including- 
  • Architects
  • City planners
  • Engineers
  • Surveyors
  • Inspectors
  • Contactors
  • Lawyers and
  • Leasing agents

Though, the developers require no specific qualifications, as it is not a professional designation, but they need a license to undertake construction work. Many aspects of real estate development process require local or state licensing. They are known by the work they do which hardly demands any qualification.

A custom builder can also be a real estate developer but building and developing are two different tasks. Though, many manage doing both the things simultaneously. A true custom builder builds all the exceptional designs that cannot be duplicated.

Custom builders and real estate developers do co-exist with each other. But a real estate developer takes the pain to develop the building project by preparing the land where construction could be done and also build upon the  pre-leveled land.

Home construction and real estate builders aren’t the same. Home construction is basically the process of constructing a house. The home builders specialize in building and construction. They look after all the aspects of home construction starting from designing to carpentry to masonry. They go on building home frames and walls and also look after installing electrical wirings, windows and insulation. While a real estate development is a business process comprising of activities ranging from renovation and re-leasing of existing buildings to the purchasing of vacant land and also the sale of developed land to others. The best are the ones who can convert their ideas from a drawing to reality.  Real estate development is simply the work they do in the best possible way.

Comments