So it is time for a new home, but – especially in today’s market! – the existing homes are moving quickly and finding one that is right for your family can sometimes feel like finding a needle in a haystack. You do have a couple of other options, including buying a new home already constructed by a builder or build from the ground up.
If you choose to start building a home from the ground up, it is important to ask the right questions before you get started:
The Contractor
Interview multiple contractors and hire the one that understands what you want and how you want things to be done. Be sure to ask about their experience and references, and anything else you are not able to find online.
The Design
Your contractor should be able to help you with your home design, and will enlist the help of an architect when necessary. Be sure to consider how the needs of your family may change over time and create a home that will work now and in the future.
The Land
If you are building on anything other than a standard lot, you will want to consider any restrictions that may exist or land features that may impact your new home. A land surveyor can help to identify things such as a flood zone, property lines, encroachments from neighbors, lot dimensions, building setbacks and property elevations.
The Construction Schedule
Ask upfront about the expected timeframe for building your home, and how the contractor will meet that construction schedule. Keep in mind that a draw schedule can help to ensure that your project is completed on time and on budget.
The Lender
You will want to understand when and how your lender will disperse funds for the construction project, as well as when you will owe your first payment on your new mortgage. Your lender will rely on the draw inspections to determine construction progress in order for funds from the loan to be released.
With 50+ years of experience in the construction industry across all 88 counties in Ohio, McSteen is well equipped to tackle your draw inspection and survey needs. Contact us today for more information or to get started.
