HAVE YOU EVER CONSIDERED BUILDING YOUR OWN HOME FROM THE GROUND UP?

The benefits are dreamy: a personalized gourmet kitchen, oversized master suite, wood floors, gas fireplaces—the possibilities are endless! But the potential stress can be endless, too. Overspending, tight budgets, and organizational concerns can overwhelm a person.

So, Where Do I Start?

BUDGETS AREN’T EVERYONE’S CUP OF TEA.
RARELY ARE THEY FUN; HOWEVER, DONE CORRECTLY,
THEY CAN SAVE YOU TIME, ENERGY AND STRESS.

There are three major parts to a Custom Home Budget: Home, Land, and Site Development.

To establish how much you can spend on these elements, it is essential to speak with a finance professional (unless you intend to pay cash). If you haven’t considered financing yet, you can get started with Nationwide Home Loans Group.

Financing the Home

The important thing to know is that with any construction loan, all costs will be wrapped up into one bundle. This includes your Home, Land, and Site Development.

Nationwide offers a both a one step and two-step construction loan that offers the customer more choices and lower fixed rates on the permanent loan compared to others. They also offer FHA, USDA and VA loans.

Minimum requirements include a FICO Score of 640 or higher. If you already own land, you can use the equity as a downpayment on your Construction Loan. Inspectors ensure building progress is made before payments are released. Fixed Interest loans available.

Be prepared for a down payment. While in many cases Nationwide can offer low down payment options based on the loan type and land value, other banks may have different requirements.

Landing on a Lot

YOU ALREADY OWN LAND? GREAT, YOU CAN SET YOUR BUDGET BASED ON COSTS FOR HOME AND SITE DEVELOPMENT.

Once you know how much money you can spend in total, you will divide your budget into the three categories mentioned earlier: Home, Land, and Site Development. Sometimes you know exactly where you want to live and it’s as easy as putting in an offer on an available and developed lot. Other times, you may want to enlist the help of a real estate professional.

A few things to think about when choosing your land:

• Size of home you want to build.
• Does the lot accomodate your plan?
• Seasonal changes. Is the land located in a wetlands area?
• Will you have run-off issues or need to establish erosion control?
• Utilities. Have utilities been brought to the land, or will you need to budget for them?
• Tax costs associated with land in the city or in the county.

Site Development

ONCE YOU HAVE CHOSEN WHERE TO BUILD YOUR HOME, PREPARING THE LAND FOR A HOUSE IS NEXT ON THE LIST.

Many things go into site development, including clearing the land, “digging out” the lot, and graveling a temporary driveway. Before starting the project we always recommend walking the land with a construction professional, that is why Harris Home Builders offers a complimentary site evaluation.

Once the site evaluation is complete, we will have greater knowledge for developing accurate estimates for your Site Development. Your experienced Project Manager estimate any site related work that’s required before construction can begin. Creating accurate estimates and Total Project Costs is essential for any successful home build.

Realizing the Dream

YOU’VE FINALLY MADE IT TO THE BEST STEP OF ALL: REALIZING THE DREAM.

Time to share all those Pinterest Pins with one of our Designers! As a full service Custom Home Builder, Harris Home Builders offers in-house design services with every build. First we help you choose a basic plan, then we help you customize it to your likings:

• Remove a wall to make your entertaining space larger
• Create a color palate for your entire home
• Add hardwood floors, or granite countertops
• Choose your own light fixtures

Because Harris Home Builders walks with you every step of the way, we understand where all your pennies go, every single one of them. We suggest making a detailed list of everything that is of primary importance to you in the completion of your home.

Your priorities are our priorities, and we will work in tandem to adhere to your budget. With that said, do set aside contingency funds for unknown expenses on your site or jurisdiction, as these inevitably arise.

Are you Ready?

Let’s Build A House!

WORTH YOUR TIME AND MONEY

Harris Home Builders believes your quality of life can improve with home ownership. Thanks to our unique home building process, our home buyers receive tremendous value for every dollar they invest, making their new custom home a very wise financial investment.

The Harris Home Builders Team is committed to:

• Giving you a customer experience that is enjoyable and rewarding
• Providing you with the greatest value in homebuilding
• Working together as a team to ensure quality that you can count on
  Finding innovative ways to build your vision of home
• Doing the right thing, and always treating you with integrity, honesty and respect.

Ready to get started? Call now to schedule your Consultation. (860) 817-7191