Building a House – first steps

building a new home

If you’re thinking of building a new home the first steps are to find the land (if you don’t already own it), find a house plan you love and then put it out to bid.   You need to determine the cost of your project in order to determine the financing terms.   Meanwhile you really need to do some research on the materials you will want on your new home.   There is a wide range of costs from builder-standard to custom whether you are looking at siding, the roof, the heating system, cabinetry or flooring.   The more detailed and specific you can be, the better!    Most builders do have standard items they put in their homes and you may be satisfied with what comes in that package and you may find you want to or need to upgrade.

When you build a new house there are many possible scenarios.   The simplest is when the builder owns the land and is offering a home for sale and you buy it when the house is 100% complete.   With this transaction, all normal/regular/conventional options are available for financing.

But, sometimes the builder is not financing the project and you need a construction loan.  Constructions loans come in many varieties and each bank offers different terms.  Call Renee Duval to find out more about our fixed-rate construction loans.

Building a new home is lots of fun and lots of work.  When you finance with Renee Duval, it will be one less thing to worry about!

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