Building the home of your dreams is not as far out of reach as many think!
What may seem to be a daunting endeavor, can be broken down into 3 main associated costs. Check it out!
Cost of Land
Cost of Land Preparation
Cost of New Red Door Home
Yes, it's all wrapped up into these three! So, what does each one entail? Let us explain...
If you do not currently have land, guess what...you can still start the process of building your own home!
The cost of your land can be wrapped into the value of your construction loan/perm mortgage.
If you already have land and are still making payments on it, you're on a great track to start building your own home! You can roll the existing land loan into the new construction loan, which will then roll into a permanent mortgage.
In either case, the loan amount should be based on the appraised value of your total investment. That total investment includes your land, land preparation, and new home construction agreement.
The cost to prepare your lot for the build of your new home can vary depending on several factors, but in general this element includes the following:
- Survey
- Building permit
- Tree clearing and/or grading
- Equipment rental and material
- Installation of utilities (if needed)
*note: lot preparation cost does not include post construction landscaping
Cost of Your New Red Door Home
What you're getting for your money with Red Door Homes:
- Construction costs (such as equipment, materials, labor, etc.)
- Blueprints
- Your personalizations and design selections
- Red Door Homes quality assurance
- Red Door Homes 1 year warranty (post completion)
**Added BONUS:
You'll also get 100% free support through your land development and financing process, as well as weekly updates on the status of your build.
Although there are just three key cost components, we understand that each represents a significant investment.That's why we've taken the initiative to find the best lenders around. Discover how our trusted lenders help streamline the process, making it both smooth and affordable for you.
Click here to read more about financing options!
Powered by Homefiniti®.