Getting started

Unless you have extensive experience in home building and a lot of cash, you’ll be hiring a builder to construct your new home and you’ll need to obtain a construction loan. Identify a professional contractor and a reputable construction lender, both agreeing to your project details, your time line and all home specifications and you’ll have the home of your dream.

Formulate a plan and execute it

If you’ve never contracted with a builder before, the prospect of working through the process can be very intimidating. Custom homes require you to work through many details and make many decisions. If you’ve done your homework, building your custom home is very satisfying. From landscaping to rooftop, the work of art and labor of love will be yours.

Pulling your team together

Make sure your home builder and lender are reputable. Ask for references, check to make sure they are properly licensed and review their ratings online with sites like the BBB and state division of professional registration. A good rule of thumb is ensuring your builder and lender have been in business for a minimum of 5 years. Better Business Bureau: www.bbb.org

Formulate a plan and execute it

If you’ve never contracted with a builder before, the prospect of working through the process can be very intimidating. Custom homes require you to work through many details and make many decisions. If you’ve done your homework, building your custom home is very satisfying. From landscaping to rooftop, the work of art and labor of love will be yours.

Schedule a final walk-through before final payment

Make sure your builder and lender agree that the final disbursement to the builder will occur when the home is 100% complete, is move-in ready and you’ve conducted a satisfactory walk-thru. All components of the home must be working correctly. A “punch-list” to correct deficiencies must be in writing. Work should be completed within 30 days of the walk-thru.

See more at Yourhome1Source