Step #1: Get your finances organized. Building a home requires that you get your finances in order. If you haven’t already done so, look closely at your monthly budget and find ways that you can save money. All the money you save could be put into a separate account that goes towards your down payment on your home. Next, talk with a local mortgage professional or financial lending institution. This will help you talk through the various steps you’ll need to take to get a loan for your home and you’ll also know exactly how much you can comfortably spend on your custom home. Be sure that you specify to the lender that you want to finance a custom home, as this might require a different type of loan or other steps that you may need to take to get the ball rolling on construction.
Step #2: Determine the neighborhood you’re most interested in. When you’re building a home that you plan on living in for many years or even decades, you’ll need to be sure it’s in the exact area that you want. When you’re researching neighborhoods, make a list of things that are important for you to consider. For example, consider resale value, crime statistics, or proximity to parks or stores. Determining your must-haves or must-nots on your list is an important step.
Step #3: Research the type of home you want and the builder that can do it. If you’ve already started researching the style of custom home you want, you’ll need to look for a builder next. Our team at Alder Fine Homes is experienced and excited about helping you build your dream home. Whether it’s navigating the various residential building codes with you or organizing the details of the construction process, our team gives you the opportunity to make your dream a reality. Along the way, you will be able to communicate with the owner of the company and you’ll be able to stay up to date on exactly what’s happening day to day. Your choice to hire a quality builder with an outstanding reputation is something that’s very important, so make sure you don’t rush this step.
With the right planning and the right builder, building your custom home will no longer be a dream—it will be a reality! We’re busy building custom homes in the new Timber Crest neighborhood. Contact us today for information on how one of these lots and designs might be right for you!