Prepare for Spring/Summer Home Building During the Winter

  • By Jeremy Thompson
  • 19 Jan, 2012
It might seem early. I know it’s only January! But for anyone who wants to build a home this spring or summer, now is the time to start planning. Here’s what to do during the winter months:   Get your financing in order. Take advantage of low rates and know what you qualify for before […] The post Prepare for Spring/Summer Home Building During the Winter appeared first on J. Thompson Builders.
Here’s what to do during the winter months:
 
  1. Get your financing in order.Take advantage of low rates and know what you qualify for before proceeding. It’s a quick process, taking between 1 to 5 days.
  2. Create a house plan.Use house plan design software, search the Internet for plans or look through design books for ideas. Consult with an architect/draftsman if you need more intensive help. This process can take 30-60 days.
  3. Contact and interview at least two builders.It will take at least 30 days to receive and process two estimates.
  4. Narrow down the areas where you want to live and begin the search for a lot.Between finding all your options and negotiating on the one you like, this process can take at least 30 days. (ask you builder to help!)
  5. Close the loan with the bank.A typical closing process is 30 days.
  6. Negotiate and sign the contract with the builder.Wait for the builder to secure the required permits. Permit processing time takes a minimum of 2 weeks.
  7. Start building!Average home building time – after the initial planning stage listed above — is 5-7 months.
*FYI, due to technical issues, the Acheson update blog (as mentioned in the Jan. 1 blog) won’t appear this week. Look for it in another upcoming blog.

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