Posted by Paul Sian on Thursday, September 14, 2023 at 7:00 AMBy Paul Sian / September 14, 2023Comment
What Sort of Mortgage Options Are There For New Construction Homes?
With the inventory of homes available for sale being tight in many markets, home buyers are looking at new construction homes. With a new construction home a buyer can buy a newly built home that is ready or almost ready to move in. Or they can select a floor plan offered by a builder, select a lot/location and select the finishes and fixtures as permitted by the builder. For financing that new construction home purchase there are different options to consider as this article explores.
Some new construction homes are available in new developments and the builder is building new homes in particular lots that have been set up previously. For other new construction homes the buyer is responsible for finding the land for their home, purchasing that land and then getting in touch with an architect and/or builder to plan the actual home. The land for the home can be anywhere where there is enough space to build the desired home and the land is buildable.
Mortgage lenders do offer land loans to purchase land although the interest rates and terms of land loans are not as favorable as a mortgage loan for an owner-occupied home. Lot loans are viewed as somewhat riskier to the lender for a variety of reasons and hence come with higher interest rates and shorter overall terms. Buyers may get a better deal if they get a loan that covers the purchase of the land as well as building of the home as discussed below.
Posted by Paul Sian on Thursday, September 7, 2023 at 8:00 AMBy Paul Sian / September 7, 2023Comment
In this video I tour the Milford model new construction home for the Heritage Farm development in Batavia, Ohio built by D.R. Horton. East of downtown Cincinnati Batavia is close to shopping, entertainment, transportation and more. This is a new development with new homes. Take a look and reach out to get assistance with buying a new construction home. If you are interested in buying a new construction home in Northern Kentucky or Greater Cincinnati please reach out to me at: email@example.com or call/text 513-560-8002
Posted by Paul Sian on Sunday, August 20, 2023 at 7:00 AMBy Paul Sian / August 20, 2023Comment
Check out this walkthrough of the Blair model home in the Justify development of Triple Crown Union, Kentucky. Built by Fischer Homes this home features 4-5 bathrooms, up to 5 bathrooms, 3000 square foot and up and many more features. Take a look and reach out if you need assistance buying a new construction home. If you are interested in buying a new construction home in Northern Kentucky or Greater Cincinnati please reach out to me at: firstname.lastname@example.org or call/text 513-560-8002
Posted by Paul Sian on Thursday, August 3, 2023 at 7:00 AMBy Paul Sian / August 3, 2023Comment
Questions to Ask a Builder Before Buying A New Construction Home
When buying new construction, asking the builder the right questions is important. We will cover various aspects to consider when buying new.
You'll see a detailed analysis including the builder's background and credentials, selecting the right type of construction, a checklist of questions for homebuyers, contract and warranty details, financing options, customization possibilities, quality assurance, completion timeline, HOA management, energy efficiency, visiting the construction site, and communication channels with the builder.
Gain insights and make informed decisions before purchasing your new home.
Understanding the Builder: Company Background and Credentials
When embarking on purchasing new construction, it is vital to understand the builder's background and credentials thoroughly. By considering their experience and reputation, you can gain valuable insights into their expertise in the construction industry.
Company Experience in Construction
One crucial aspect to inquire about is the builder's experience in the construction field. Understanding how long they have been in business, their track record, and the number of successful projects they have completed can indicate their level of expertise and reliability.
Posted by Paul Sian on Friday, June 30, 2023 at 1:00 PMBy Paul Sian / June 30, 2023Comment
I recently had an opportunity to tour the Mitchell model home built by Fischer Homes in the new construction community of Santuary Village in Villa Hills, Kentucky. This new build community will have a community pool, club house, workout room and more. For the Mitchell model you can get 4-5 bedrooms, between 2-5 bathrooms and a 2 or 3 car garage. Take a look at the walkthrough and reach out to me if you are interested in buying a new construction home in Northern Kentucky or Greater Cincinnati, Ohio area.
Posted by Paul Sian on Thursday, September 24, 2020 at 7:00 AMBy Paul Sian / September 24, 2020Comment
For this podcast I sat down with Greg Matulionis, Master Carpenter and owner of Sawdust Therapy. During our conversation we discussed home remodeling, new construction, permits for home remodeling and more. This podcast is helpful for those about to purchase, or sell real estate or those considering remodeling their home rather than selling. I hope you enjoy the podcast and find it informative. Please also share with those who may find it useful.
Listen via YouTube:
Feel free to ask any questions via the comments section below or to email either Greg or myself. Also if you have any ideas for future podcast topics you would like to see let me know!