I Want to Build. Am I Ready?

The best time to start building a new construction home can be a difficult decision. Many factors are involved in such a decision, and what it eventually comes down to is that the best time is when you are ready. You should have your financial matters in order, have a lender and a pre-approval amount, talked with builders and chosen on the best one for your home, considered and chosen the best floor plan, thought about the design elements like paint colors and fixtures, and feel emotionally prepared to make such a decision. While that sounds like a lot, and it is, it is not impossible to get there. In fact, getting prepared to take the leap and begin construction of your new home can be a fun and exciting adventure with the right planning and preparedness.

Financial Aspects

Assuming you’ve already decided that you want to build instead of purchasing a pre-existing home, the first thing you should do is make sure your finances are all set. Before even looking at plans and speaking with builders, it’s important to know where you stand. Get pre-approved for a loan. A Pre-approval will ensure that you know what you can spend. Make sure the payment is affordable to you after construction is completed. And while you are waiting, use some financial common sense to make sure that you stay pre-approved until closing. Of course, a pre-approval should come after speaking with a reputable lender, one that you feel most comfortable with, is able to provide the most assistance and finds the loan that best fits your needs.

Design and the Pre-Building Stage

Once you know what you have to build with, you can start looking for a builder and thinking about what you’d like your home to look like. Spend some time visiting model homes and pre-existing properties to get ideas and a feel for the style of home and the floor plan that will best meet your needs. Remember to look towards the future as well. If you are planning to have several children after moving in, make sure there is room. Meet with builders and select one that you know is professional and that you can trust. Make sure the builder is fully licensed and insured. The builder can then help you to build the most house you can for the amount you have available to spend. Often, there are aspects of a home that we are non-negotiable. Begin with those things and see where you are at financially. If you have to downgrade the cabinets you want because you are set on solid wood floors, for example, make sure the most important things to you are set in the plans first.

Are You Ready

For some, all the planning in the world may not seem to make it easier to start construction. There are many things that can get in the way of a confident decision including fear, a lack of knowledge, second thoughts and buyer’s remorse, and several other nasty little things that can creep into our minds. The best thing to do to fight those things is to stay in contact with your banker and builder. Research anything that doesn’t make sense. And then just make sure it is really what you want to do. Building your own new home is perhaps one of the most rewarding endeavors you will ever spend your hard-earned money on. So, enjoy the journey and watch with excitement as your new home takes shape.

Progressive Builders Is Here For You!

Progressive Builders is dedicated to partnering with you every step of the home building process to ensure that your home plan will accommodate your lifestyle and will meet the needs of your family. We also can assist you in finding the right floor plan and constructing your home with a focus on quality, all at an outstanding value. With over 20 years of experience we’ve built a reputation across the Twin Cities metro area and beyond and are committed to continuing that level of excellence for your new home construction project. We have a number of customizable home plans to suit your needs and several lots available in neighborhoods across the Metro. We invite you to contact us today for more information.