Finding a New Construction Home Builder - Selecting the right builder for your new construction home is like choosing the right doctor when you need an operation. Not only must your home builder have knowledge and skills, but your personalities should work well together.

To select a builder for your new construction custom home, begin by thinking about yourself. What kind of customer are you? Some builders emphasize straightforward business operations and tight cost controls. Others are service oriented that cater to your every whim with prices set accordingly......Read More

Location, Location, Location - Finding a Residential Lot. A major question you need to answer about your new house is where do you want it located? Are you looking for a residential lot in an established subdivision or new neighborhood development? Or for acreage in the country? Use a map to identify areas where you would consider living, based on distance from work and other activities. Take your time in making this decision. Many details about your new home can be remodeled in later years as your lifestyle evolves, but changing the location is not one of them. If you are new to the area, you may need to do some exploring.

A land developer may develop a subdivision (provide streets and main utility lines for a group of residential lots), and offer the residential lots for sale. Usually one or more home builders buy the residential lots and offer their services to build the homes, but the developer may also be the builder......Read More

Budgeting for Your New Custom Home - No one can accurately predict what your new home will cost until the design and selections are complete. Understandably, many home buyers are uncomfortable with this ambiguity, but expecting an exact price on the new home before your decisions are finalized is like going into a restaurant and asking how much your dinner will cost before you have selected from the menu.

Your home builder can assist with a rough budget in the beginning. The cost fluctuates with the choices you make and the interaction of design elements; few decisions operate in isolation. For instance, deciding that you want a side-entry garage can affect foundation, concrete flatwork, framing, windows, exterior trim, grading, and landscaping costs. Self-discipline and well-thought-out priorities are essential to staying within your target budget......Read More

Mortage Loan for Your New Custom Home - For you, like most people, a home may be the biggest financial purchase you ever make. Predicting the exact cost is a guess until all choices are finalized.

Information, planning, and self-discipline are your best assurance of keeping costs under control. Begin by determining how much cash you have (liquidity) and how much you can borrow......Read More

Understanding the Contract for your New Constuction Home - Contracts vary in form, length, and content. Read More

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* Mortgage Payment incentive based on 30 year loan @ 6% with 20% down, maximum of 1.1% annual property tax and maximum insurance of $350/$100K of purchase price. Lexington Homes And Farms, LLC as your Real Estate Agency. Paid at Closing.

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