Building a new custom home can allow you to move into a property that is fit specifically to your unique needs and tastes. Yet, while the finished product is something that you can put your personal stamp on, there is also a building process that typically must be followed – and this home building process can differ from one area of the country to another.
From beginning to end, the custom home building process will usually involve the following steps:
- Designing – The first step in the process is typically the design phase. Here, you may already have a plan in mind. If not, though, meeting with an architect who is affiliated with your chosen builder can allow you to put your thoughts on paper.
- Pricing – The pricing will depend on a number of items, including the floor plan you choose, the requirements that will be needed for electrical, HVAC, and plumbing, and both the interior and the exterior finishes.
- Contracting – Once the plan and the pricing have been agreed upon, the contract will be put in place so that the actual building process can begin.
- Financing – Just as with the purchase of an existing home, financing will need to be arranged and secured. With regard to the building of a new custom home, the lender will first do an appraisal of the lot and the value of the competed home.
- Permitting and Engineering – It is also essential to ensure that all of the permits are in place. In some areas, this can take a month or longer to get the green light. However, reputable home builders will not start the construction process until all of the approvals have been received.
- Building – After all of the proper permitting is in place, construction of the home can begin. The time that is needed for this process will depend on a number of factors, including the size and floor plan of the home, as well as the accessibility for running plumbing, electric, and other utilities to the lot.
- Closing – Once the building process is complete, you will move on to the closing. It is here that all of the funds are distributed by the escrow company, and the new deed is registered in your name. You will also receive the keys to your new home.
If you’ve been considering building a new custom home in Orlando or the Central Florida area, give us a call. We will be happy to discuss how the process works in more detail, and provide you with all of the key details that you need.
