FHA new construction loans are a great solution for many prospective new home owners. There are several advantages to this type of loan that are unequaled among other loans. They can be second chance loans for people who have poor or fair credit, have been foreclosed on, or have been through bankruptcy. FHA also offers…
There are many variables in creating a sample home budget. Common home features vary by geographic location based on climate and geographical differences, and prices vary according to the local economy as well. The cost of labor is a major factor as well. It is much more expensive to build a home in California than…
Residential construction loan requirements may vary from one lending institution to another. You will be given a list of what is needed by your lending institution. The following items are commonly found on that list. Residential Construction Loan Requirements for the Loan Application • W2s for past two years • Tax returns for past two…
Start to finish, and after moving in, there are many potential pitfalls in home building. This article will troubleshoot common problems and help you find ways to avoid problems. We will troubleshoot the two major categories of home building problems which are financial problems and structural problems. Potential Home Building Problems: Financial The number one…
First time home buyers need many tips on buying a new home. It is easy to get distracted by all the wrong things, and miss the entire point. There are four things important to a home: foundation, floor, roof and walls. The rest, while it may be pretty, is very secondary to the structure of…
When asking the leading luxury home builders in the U.S.A., about how to build a luxury home, they describe the following: true luxury home are largely a matter of good taste, controlled extravagance and unique design. Price and size are not directly relevant to luxury homes. Below is a how to build a luxury home…
There are many important things to ask the builder to do when building a home. The things that you do ask the home builder to do should be written down, because if not you may forget to mention it, and he may also forget what you said. If it is important, it should be part…
What exactly is meant by the effective home building cost per square foot? How would it vary from the simple cost per square foot? The effective cost recognizes the fact that you will not be paying for your home in one lump sum. Instead you will be making payments on your home with interest for…
What makes new home community site “good” is subjective. Everybody has a different opinion as to what features are considered good and of course the are the home builders building in the community known for building quality homes? A new home site in a community with good schools is important to people with school-aged children.…
This guide to building a house is an overview of the several phases to building a home. From concept to completion, creating a home can take over well over a year. During this time you will plan the home you want, scale it down to fit your budget, obtain a loan, hire a reputable contractor…