THINKING ABOUT BUILDING THAT NEW HOME

Dated: 03/19/2016

Views: 2020

If you are thinking about building versus purchasing resale.  There are a  few things to consider.

Time - this is the biggie  New home construction in Kansas City Area is 6-12 months depending on style, square ft and price.  Most sub-divisions going up are taking around 7 months start to finish.  The custom build areas are 6-12 months.  

Financial:  For the most part a new construct home is going to require a lot reservation - anywhere from $1000 to $10,000 usually refundable if you decide the process is not for you.  The builders require 5% to 20% down before starting construction.  Any changes/add on's  after start are paid at the time of the change/add on. 

The builder will usually have a designer to walk you thru the process and give you a time frame of what to expect,   You will know when to pick those colors, tile, flooring, fixtures and everything  else that goes into the home.  You will usually do a walk thru after the sheet rock to make any changes before the finishing process starts.  

Building that new home is so exciting.  It can be trying at times also....Just prepare yourself to be patient through the process.  Make sure you pick the right builder.  The right location for you and your lifestyle.  

Good Luck !

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Sue H. Edwards

Sue specializes in both listing and selling with an array of Real Estate services and with the expertise necessary to assist clients as they realize their real estate goals. She prides herself on put....

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