Many people are wondering if FHA home building loans exist. Are there FHA construction loans? By definition, the answer is no. An FHA loan is a government insured mortgage loan. The Federal Housing Administration (FHA) insures mortgages of many different types, but a construction loan or home building loan is not a mortgage. Since a…
Many people limit the custom home building walkthrough to the very last minute check before closing. At this stage, prospective home owners cannot tell anything about the real structure. I recommend numerous walkthrough times throughout the construction process. Custom Home Building Walkthrough Planning Before you sign a contract you should insure your right to see…
Average new home construction costs are approximately $100 per square foot. State averages range from $75 to $130 dollars. These figures are somewhat deceptive though, as are all averages. Obviously as with all averages, some cost a lot more and some cost a lot less. Luxury home can cost over $800 per square foot, and…
How you choose to present yourself when negotiating a new construction home, makes a huge difference in your strategy. The first order of business is to list what you want out of the negotiation and what you do not want. There are several areas of discussion when building a home and only a few of…
How do you do a house building cost breakdown? That’s a question we often get from our readers. The fact is there are numerous ways to break down the cost of construction. One is to list all the materials, all the labor, and the cost of the land separately. The list of materials includes hundreds…
The home building budgeting process should begin the moment you even consider building a home. It should be a part of your goal setting process, until you own your own home. Home Building Budgeting Process The earliest step to your home building budgeting process is financial responsibility. In this economy it can be difficult to…
Knowing how to negotiate with new home builders depends on which new home builders you are dealing with. Each home builder or contractor has a different way of doing business, and each company has a different structure and procedure. There is no need to be nervous about negotiations, but don’t sign the contract until your…
Everything has certain steps to being successfully completed. Just as cakes require their own recipe process there is a set home building process. A process that can lead to a painless home building process. The Home Building Process The home building process actually begins when the perspective owner decides it is time to build. Whether…
New home construction cost can vary quite a bit. They vary by location, and they vary according to the type of materials used. Cost also varies considerably by the size of your home. Further the length of your mortgage is a huge variable in determining how much you will actually pay for your home. Considering…
This simple home builder guide will help you on preparing you for the process of building your dream home. It’s important to learn as much as you can about building a new home since this will probably be one of largest purchases in your life. And of course you want your new home to turn…