And ideally, update that model’s definition if the relevant properties of the component were changed?

There is not a supported method for doing this in your own custom component’s code right now. I’ll convert this to an Idea.

I have custom components that always need their own model, so the easiest way to make that happen is to have the component’s code dynamically generate the model. It saves the time of creating the model every time in the builder.
However, if any other components need to interact with the model, or if I want to add model actions or something, it becomes much more complicated.

I’m open to other solutions/ideas, but it seems like having the component automatically add and update a model on the builder side would be really nice.

Any word on this? Ditto Matt that it would be super helpful

bump