4 FAQS ABOUT NEW HOME CONSTRUCTION

You may be excited at the thought of having a home built from the ground up. However, it's natural for people to have many questions about new home construction and what to expect. The more information you have, the better prepared you'll be for the process. Here are a few points to consider to ensure you're satisfied with the results.

What You Should Know About New Home Construction

1. How Long Does it Take to Build a New Home?

It really depends on your homebuilder, the size of the property, and what type of features you'd like to include. Most builds take from six months to one year, but timelines can certainly vary. Your contractor will be able to provide a more definitive schedule. 

2. Will I Need to Work with a Realtor?

Working with real estate professionals is highly recommended. A realtor can help you secure financing for your new home, which can be a complex process. They'll also ensure the finished house is inspected before you move in. 

3. When Should I Apply for a Loan?

It depends on the company you work with. Some homebuilders prefer that buyers secure financing before the project begins. In this case, you would be responsible for paying interest on the loan until the new home construction is complete. In other cases, you can complete the loan application about 45 days before the closing, which means work will already be in progress. 

4. What Options Should I Consider?

A significant benefit of having a home custom built is that you can decide what kind of features and fixtures you'd like to include. Walk-in closets, a dedicated laundry room, high ceilings, in-cabinet lighting, heated floors, and custom shelves are just a few of the many options you can select. Your homebuilder can also make recommendations based on your specific wants and needs.