ARCADE DESIGN A r c h i t e c t s - D e s i g n / B u i l d
C O R P O R A T I O N 1681 GREEN OAK CIRCLE - LAWRENCEVILLE, GA 30043
J O S E F . J I M E N E Z OFF. 770.338.9938 FAX. 770.338.1264 CEL. 770.527.1429
C O R P O R A T I O N 1681 GREEN OAK CIRCLE - LAWRENCEVILLE, GA 30043
J O S E F . J I M E N E Z OFF. 770.338.9938 FAX. 770.338.1264 CEL. 770.527.1429
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CUSTOM HOMES
SERVICES:
- ARCHITECTURAL DESIGN.
- DESIGN / BUILD.
- CONSTRUCTION MANAGEMENT.
- BUILDING INSPECTIONS
PROJECTS:
- CUSTOM HOMES.
- TOWN HOMES.
- DUPLEXES.
- APARTMENT BUILDING.
SELECTING A HOME BUILDER:
This section deals with selecting a builder or general contractor to construct your dream home. Choosing the correct builder is an important step. These individuals will take care of all of the scheduling of the sheduling of sub-contractors, ordering materials, and supervising the entire building process from start finish. It is important to chose a builder who has a clear understanding of your needs, can be trusted, and does quality work. How do you find the rigth builder? Here are a few ideas to help you locate the right builder for you.
Ask other professionals in the industry. Individuals in the home building industry should have a good sense of who is and who is not a good builder. Speaking with people such a local designers, real estate agents, building inspectors, subcontractors, and so on will give you an idea of builders these individuals enjoy working with and think does quality work. These listed individuals will probably recommend a builder they have worked with on multiple projects and have seen work through numerous situations.
Speak to friends or relatives. Most of us know of someone who has either had a home built or in some way has dealt with a builder. Ask them if thy enjoyed working with this builder, were there any problems that arose and if so how were they dealt with, and would they use this builder again.
Referrals. When speaking to builders, ask them for referrals. Try to ask for recent as well customers who had homes built 3 or 5 years ago. Some questions to ask when contacting the referrals might include: How did you hear about the builder? what types of problems come up an how were they dealt with? Were the various stages of the building process handled on time or as scheduled? After the home was completed were there any problems and if yes how did the builder handle them? Would you hire the builder again?
Insurance and license. Most states these days require builders to be licensed. You may ask to see their license and/or verify the builder's license with your local state license board. It is also a good idea to check to make sure that the builder is insured. If a builder is not insured you may be liable for any accidents during the construction of your home.
NEW HOME CONSTRUCTION LOANS:
When building your home, you will most likely need a construction loan. This type of loan gives you money, as payments are due on the construction of your home. You will need to make interest payments based on the amount you have currently borrowed. The lender pays your builder as needed to complete various stages of the building process.
Sometimes the loan amount is not enough to cover the entire building process. Ask your lender how cost overruns will be handled if the home's cost exceeds the initial building contract. In most cases you will need to refinance the loan and pay additional fees for refinancing. To avoid this potential problem it is a good idea to borrow more than the estimated amount.
Some people like to have their builder handle the financing of the construction loan. For the builder to do this they most often will need to own the land that the home is being built on. If you currently own the lot, you will need to sing a deed over to the builder in order for them to handle the financing.
When figuring out your budget to build the home it is important to figure in your interest rates. you will be pay interest on your home while it is being built.
