Selecting a Builder: Choosing a professional builder provides peace of mind, ensuring your home is built with quality and longevity in mind. Key considerations include:
Reputation: Does the builder have a strong track record of building lasting client relationships and delivering 5-star experiences?
Trust: Trust is the cornerstone of the builder-customer relationship. Consider if the builder seems trustworthy.
Price: The builder offering the lowest price may have the lowest costs, but consider the reasons behind their pricing.
✓ Good reasons for lower costs include strong contractor-subcontractor relationships, supplier discounts through bulk purchases, accurate estimating, and efficient equipment and installations.
✓ Concerning reasons for lower costs include poor-quality materials, less thorough care in construction, and inaccurate estimates that may appear lower initially but can lead to unexpected issues later. Think of cost like buying a car: don’t simply choose the cheapest option but seek the best combination of value and reliability.
Finding Your Lot: Are you planning to build on land you already own, or are you looking to purchase a property? Two key factors to consider:
Location: Choose a location that aligns with your lifestyle and vision.
Cost-Effectiveness: Some properties are more affordable to build on due to minimal development requirements. If you need advice on selecting a lot, we’re here to help.
Construction Drawings: Starting with a detailed building plan creates greater efficiency and accuracy, helping ensure your home is completed on time, on budget, and reflects your vision.
Contracts and Pricing: The cost to build your home depends on factors such as design, finishes, location, and market conditions. Pricing includes a detailed breakdown of each phase, along with terms and conditions and an estimated total cost.
Funding the Dream: At this stage, you should know these key details: who your builder is, where you’re building, what you’re building, and the estimated cost.
If paying out of pocket: You’re ready to begin construction.
If using a construction loan: You have the information needed to secure financing. Required items include “What, Where, By Whom, and How Much?” Additionally, the bank will need your personal and financial information, typically including proof of income, employment, credit rating, and a down payment.
Ready to make your dream home a reality? We're here to help! Contact us—we're eager to create a home that reflects your style.