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How to Get a Construction Loan Step 3

Interest Reserves and Contingency Funds......Factors some inexperienced builders may not understand. Interest reserve and contingency funds need to be added into the cost of building your new home.

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Loan Application Approved

Loan

How to Get a Construction Loan

Step 2 –

Get pre-qualified for a loan. If you know how much you think you want to pay each month on your mortgage, in todays' computer savvy world, you can go on the internet and search "mortgage calculator" to determine home much money you can borrow for a certain monthly payment amount.

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How to get a Construction Loan

 

Loan

 

How to Get a Construction Loan

A large portion of the population has purchased a home, but there are many people out there that would like to purchase land and build a home.

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Handling Disputes

Having the Right Mindset for Building Your New Home

Handling Disputes:

Disputes


Disagreements on a job site may happen but communication and preparation should minimize most disputes.

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Realistic Budget

Having the Right Mindset for Building Your New Home

Budget

Step 4 –Realistic Budget

Your bank has told you what you qualify for and you know how much extra you may want to spend. This is your budget. Attempt to stay as close to your budget as possible through the

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Learn to Manage Obstacles

Having the Right Mindset for Building Your New Home

Step 3 – Learn to Manage Obstacles

obstacles

 

Obstacles are a part of life, so there will be obstacles to overcome with your build as well. Remember the majority of your home building process is completed by humans.

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Delays

delaysHaving the Right Mindset for Building Your New Home

Step 2 – Delays are Part of the Process

There will be delays so learn to manage them.

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Mindset

Having the Right Mindset for Building Your New Home


If this is your first home build, having the right mindset will help you get through the process without getting too stressed. This process can be overwhelming for those who have unrealistic expectations. The best advice I can give you is to educate yourself and prepare yourself for this process. Don't let stress ruin this exciting event 

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Get Your Home Ready For Spring!

2storyGet the most out of your home spring cleaning with these mini face-lift suggestions

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Summer Energy Saving Tips (Part 1)

2storyLandscaping for a cooler house!

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