How to Finance
Building Location Covenants
It’s important to review the covenants where you wish to build. Certain building requirements and exterior upgrades that are required by default can increase the price of your new home. The first step in choosing a location to build in is reviewing building covenants and requirements. Contact the builder about their recommendations for subdivisions to build in, especially if you are unfamiliar with the area.
Buying a Showcase Home vs. Building Your Own
Not All Standards are Created Equal
DIY & Custom Homeplans
Keep in mind that because most builders have a new home warranty, they can’t allow clients to do their own cement, electrical, or work inside the home during construction of their home. Voiding a warranty based on external trades/DIY is not recommended, and therefor most builders do not allow it.
Some builders will review your custom home plan to make suggestions and can roughly estimate what it would cost to include the builder’s standards. Any selections or amenities not included in the builder’s standards are considered an upgrade. Most builders will not “bid out” a job unless they are under contract with a client, so make sure you have financing out of the way and a budget number in mind when considering your own plan.