If you’ve decided that now is the best time to start a custom built home, you are not alone. Logically today is a great time to build because of interest rates, affordable loans, and a drop in labor and materials costs in many areas. In all my years this is probably the best time I’ve…
Construction loans for new homes are simple balloon loans that expire once the house is built, leaving the entire cost of construction due at the completion of the house. In order to finance the cost of the home, home owners will need a mortgage loan. For this reason most lending institutions offer home buyers the…
If you are wondering how to create a simpler more economical new home plan, or at least select one, you are not alone. Many people today are realizing that the excesses of the last half century are not sustainable. The goal of this article is to show you 3 big ways to save hundreds of…
To finance a home building project you need to look at getting yourself into the best possible financial shape for buying a home. Here are some useful tips to get you started in financing a new home. Tips on How to Finance a New Home How to Finance a New Home Tip 1: Clean up…
Understanding construction loans and how they work, is important when going to apply for a loan. A construction loan is a very simple loan, similar to a balloon note. It only charges interest during the construction process, and the entire amount of the loan is due upon completion of construction. Yes, that sounds scary, but…
There are many ways to find a builder for your new home. Let’s walk through each one. How to Find a Builder Step-by-Step Many people use the Internet to find home builders. A simple way to approach the Internet is to go to Google and type in a search for home builders in your local…
It is important to remember that home building contractors are all unique. Just like all talented people, they have specialties, personal tastes and a general style which shows in their work. Just as you wouldn’t ask Rembrandt to copy Picasso, don’t ask a building contractor to step too far outside his comfort zone. Instead choose…
When preparing to build your custom home, you will want to three to five custom home builder estimates. The best way to get reliable quotes, that you can compare accurately, is to be sure that all the contractors are bidding on the same home. Often both small and large differences in quality will not be…
You might be trying to decide between buying an existing home or building a new home. The eight advantages of purchasing a new home below might help you decide: Eight Purchasing New Home Advantages Purchasing New Home Advantages 1. Get a new home your way. When you build a new home, you get to call…
With energy prices rising, building a energy smart home is more important than ever. A large part of balancing a modern budget is keeping the utility costs down, especially for families making house payments. Fortunately, today it is very easy to design and build an energy efficient home. So what is the recipe for energy…