The beginning of construction on your custom home build is exciting, but it’s not the beginning of the process. When you see a builder clearing a piece of property and beginning the foundation of a new home, you immediately assume the people building the house are excited to finally begin the process without realizing this is not the beginning. The process of building a custom home doesn’t begin with construction. It begins long before. Construction of the home itself is one of the final steps in the building process. Here’s what you can expect when you build your dream home.
Floor Plans
The simple truth is you’re going to make changes to your floor plans at some point during the construction process as the budget is stretched, issues are discovered, or because something happens in your life to change your mind. However, you’re going to have your floor plans finalized before you begin building. You make changes as you go, but your bank isn’t issuing you any sort of construction loan to begin building until you have finalized floor plans drawn up and stamped by an architect. They must make sure what you’re building is worth the money they’re giving you to pay for the home. They’re invested in this process, too.
Property Selection
You can’t build a new home without a place to put it. If you already have land on which to build, this is an easy process. However, you might not have land. You’re then going to need to find property. You can look on your own, with a realtor, you can buy a lot from your builder’s selection of available lots, or you can tear down your current house and build right there. Whatever you do, you must have a piece of land on which to build before anyone can build anything.
Financing
You should already have a pre-approval when you show up at the builder’s office for your first meeting. You have no idea what a bank will lend you to build a new home until they go over your finances and make that determination. Pre-approval is imperative. However, it’s not finalized financing. You can’t have your construction loan finalized until you have floor plans, property, and approval. Make sure you’re not out spending money financing things prior to finalizing your loan and closing on your home to ensure nothing adversely affects your approval.
Building Permits
Once your financing is finalized, your plans are final, and everything is set, your builder approaches the county to apply for building permits. You cannot build a custom home or any home without the proper permits. Once the permits come through, your house is ready to go. This is when your builder breaks ground and the process begins the most exciting phase.
Building your home is not a short process, and it’s ongoing long before your property is cleared and your foundation is poured. It’s not always fun to deal with the paperwork, the bank, the phone calls, and all the other tedious work that goes into the beginning of a build. However, it’s all necessary if you want to realize your dreams. The pre-construction process is necessary, and with Alair Homes Huntsville, it doesn’t have to be a painful process.