New construction - how to know details of construction?
Jackie
6 years ago
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Mark Bischak, Architect
6 years agoVirgil Carter Fine Art
6 years agoRelated Discussions
Choosing cabinets for new construction without knowing lighting
Comments (1)I think you may be over-thinking things. Pick a stain color you like in a store and ask to also see it in natural light. Then proceed from there. Make sure you bring a door sample when you shop for a counter. This isn't brain surgery and lights can make it look better or worse, but not by huge margins....See MoreFirst time buyer. New construction property. By myself..I know, right.
Comments (3)In my experience (only done this twice, lol).... 1 - There should be no surprises at the table -- meaning all of the rates, final purchase price, etc. should already be discussed/approved -- provided that you don't go out and buy a new car/appliances/lose your job before closing. 2 - I doubt it. 5-10 points is nothing in the grand scheme of things. 3 - I'd finance with whomever I felt most comfortable, assuming you have the remaining 30% down payment to use the builder's financing. My husband and I just closed in August 2017 on a new construction production/tract home (Gehan), and we were all set to *not* use the builder's mortgage company because when we asked about a specific loan type, we were told we didn't qualify. So we went shopping, and other mortgage lenders said we qualified *no problem*. We confronted the builder's lender, and they totally backpedaled, claiming that the associate who was "helping" us no longer worked for the company, etc., etc., etc. Moral of the story? Get competitive offers to keep the builder's lender honest. 4a - You didn't ask, lol, but I'd like to add the following. Use local comparable sales of existing homes as your "budget." This protects you from overbuilding in the neighborhood (and possibly not qualifying at closing). Visit the Design Center ahead of time, making your selections and pricing everything out while keeping your comps-based budget in mind, before your actual appointment. 4b - Speaking of the Design Center, try to upgrade as little as possible (or not at all) for interior design stuff like paint, light/plumbing fixtures, flooring, or even cabinetry/counter tops. Upgrade insulation, add windows (if you can), increase your electrical service, etc... You know, all of the structural things that are impossible/total pain to change later. :-D...See MoreLooking for details on how to construct my kitchen island
Comments (2)Your Kitchen Designer should be doing the design for this, in conjunction with installer’s skills and preferences. Some cabinet lines can’t do anything close to that, because they don’t carry the right parts and pieces. Or their limitations in construction prohibit the custom design response needed. For instance, that has a integral door finished side, which limits how the island can be designed, and the attachment points. You really have to know the cabinet line and it’s limitations. And have someone skilled in steel and wood fabrication and design both. Some cabinet lines have predesigned components for islands. It all comes down to the cabinet line that you are using and the skill of your team. Start with, what cabinets are you using? Do they even have the parts available? That’s a conversation with your KD. Who should be designing this for you....See MoreNew Home Construction + Pool Construction - Best way to finance?
Comments (14)While you can include all costs of the pool and landscape into a construction loan, pool and landscape may have little effect on the appraisal. That translates into a higher down payment or cash out of pocket up front. For example: Land+Design+Permits+Construction for a project that appraises at around $1.2 mil also appraises around $1.2 mil. At 80% LTV (loan to value) the client can borrow $960K. (75% = $900K). When we add solar (a CA requirement Jan 1), pool and landscape for about $150K more, the appraisal if we're lucky, increases $50-100K, increasing the loan $40-80K at 80% LTV. The effective loan on the solar/pool/landscape is 25-50%. If the market is less robust, the appraisal won't be affected creating a higher cash out of pocket requirement for loan recording. If you can wait until completion of the home, you can often get an updated higher appraisal and fund these with less cash out of pocket....See Morelookintomyeyes83
6 years agoUser
6 years agoMilly Rey
6 years agolast modified: 6 years agoVirgil Carter Fine Art
6 years agoMilly Rey
6 years agolast modified: 6 years agoMark Bischak, Architect
6 years agoAnglophilia
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6 years agoJackie
6 years agoAnglophilia
6 years agoMark Bischak, Architect
6 years agoMilly Rey
6 years agoVirgil Carter Fine Art
6 years agoMilly Rey
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6 years agoVirgil Carter Fine Art
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6 years agolast modified: 6 years agoSummit Studio Architects
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6 years agobry911
6 years agolast modified: 6 years agoSummit Studio Architects
6 years agoMark Bischak, Architect
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6 years agoSummit Studio Architects
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6 years agolast modified: 6 years agoDavid Cary
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6 years agoMark Bischak, Architect
6 years ago
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