Before You Start Your Custom Build

Whether you’re building a new home or buying an existing one, the first step is the same. Start by contacting a lender and providing basic information about your debt, income, and assets to determine the mortgage amount you’re likely to qualify for. Before the first shovel of earth is turned, be sure to secure final mortgage pre-approval. This requires completing a mortgage application and supplying the necessary documentation so the lender can review your financial background and credit history. With this information, you’ll know exactly how much you can afford to spend.

New home communities usually list a base price for the homes they offer, but this is rarely the final cost. Upgrades to standard features—such as flooring, cabinetry, or lighting—can quickly add thousands of dollars to the total price. It’s important to know exactly what you can afford and to budget carefully to avoid unexpected expenses.

Building your dream home is exciting, but thinking ahead to resale can save you headaches later. Even if this isn’t your forever home, thoughtful choices today can protect its value tomorrow. Choose features and finishes that enhance value while fitting seamlessly with the neighborhood.

Building a new home typically takes several months, and many details must be coordinated during that time. If you’re already a homeowner, you’ll need to sell your current home, make decisions about your new one, and arrange a new mortgage. Be sure to get an estimated completion date for the build and plan accordingly.

No matter what time frame a builder provides, delays are always possible. Inclement weather, supply shortages, and labor issues can all affect your home’s completion. Keep this in mind as you begin the building process and be prepared to remain flexible.

One way to help prevent delays and mix-ups is to stay involved in the building process. When possible, drive by the construction site to monitor the progress being made, and stay in regular communication with your builder.

Try to avoid making changes to your designs once the plans are finalized. Doing so can delay the completion of your new home and may significantly increase the final cost.

​There may be a gap between selling your current home (or the end of your lease) and moving into your new one. If so, you'll need to arrange temporary housing. Keep in mind that you may be there for several months, so choose an option that is both affordable and suitable for your needs.