Before Building

collage-2

BEFORE YOU BUILD...

So you’ve decided to build a new custom home instead of buying an existing home. There are a number of things to be aware of prior to starting work with Warren Bros. The following information can help you prepare for the building process so that it is a positive experience for you and your family.

STEP ONE: DETERMINE YOUR BUDGET

Most people get started with a budget in mind. Some work with a financial agent whom they trust to help determine a budget that fits their resources.

When financing your home’s payment, something to keep in mind are “extra” fees and costs you will incur with some lenders. These may include:

  • Loan Origination Fee/Discount Points
  • Appraisal Fee
  • Title insurance
  • Mortgage Regulation Tax
  • Recording Fee
  • Underwriting or Document Preparation Fee
  • Closing Fee
  • Flood Certification
  • Independent Property Inspection
  • Hazard Insurance
  • Mortgage Insurance
  • General and Special Taxes
  • Homeowners Association Dues
STEP TWO: DO SOME RESEARCH

After you’ve determined your budget, and obtained the required financing, take that total and start looking into about how much house you can get on your budget. This will give you a good starting point for the design phase.

Also research items such as WHERE you want to build, schools in the area, what type of construction do you prefer and why, covenants and restrictions in areas you have targeted, and building codes that may restrict your ideas.

Don’t be shy about asking other people who have built custom homes about their experiences.

STEP THREE: ASK YOURSELF SOME QUESTIONS

This will help get the design process started in the right direction. Make a list of things like:

  • What activities you like to enjoy at home
  • What your family’s needs are
  • Where you would prefer to have a great view
  • Where you plan to watch TV
  • What your personal tastes are in design styles (exterior: brick, stone or stucco; interior: woods, metals, styles)
  • What kind of colors you like
  • Amount and types of storage space you’ll need
  • Special accommodations
  • Number of bedrooms
  • Number of bathrooms
  • Number of garage stalls
  • Direction of the sun on your lot
  • Outdoor activities and landscaping tastes

It also helps to write down what you like about your current home and its features and accessories.