No, but all square footage, elevations and exterior materials must conform with the subdivisions and zoning requirements
Yes, some items may not be 100% determined upon the contract signing. These items will be set up as allowances. If the Home Buyer spends more than the allowance, then they will pay the overages. If the allowance is not spent in full, the amount can be credited back to the Home Buyer or this amount can be added to another allowance. The allowances can include:
Yes, but this time period will be limited to two weeks after the contract signing.
Yes, but there will be a fee of $250.00, plus the cost of the change order. This change order can include an additional amount for interest carry if the work increases the timeline.
The Builder’s Surveyor/Civil Engineer will determine the house placement on the home’s footprint and setbacks. The neighborhood Homeowner’s Association (HOA) will need to sign off on the final house placement.
Yes, based on the Builder and the subdivision’s architectural control final approval.
Yes, the Builder will have standard features and a list of upgrades. The Builder will give the Home Buyer a list of Vendors to contact.
Yes, check with the Builder to get contact information and how many hours of design time are built into the price of the home.
This depends on the size of the home, the time of year the construction starts and availability of materials. The build time can take from 5 to 10 months.
The cost per square foot can be looked at a number of ways. This includes:
Costs per square footage for identical plans can differ due to:
Permits & Fees
Building Hard Costs
The Home Buyer can either pay “all cash” or obtain a construction loan from a lending institution. Typically, the lending institution will offer a Construction & Permanent (C & P) loan that funds the purchase of the land, hard and soft costs and then upon obtaining the Certificate of Occupancy (CO) the lender will convert the Construction Loan into a Permanent Loan (15 – 30 year term).
The construction Loan terms to review are:
Yes, if the property is located in a subdivision, then at closing the Home Buyer will be required to fund an initial reserve fee and will pay a monthly or quarterly HOA fee.