Buying a home is the all-American dream and is the largest investment most of us will ever make. Before you take the first step towards purchasing your first custom or pre-built home,Â read over our checklist to help you avoid some common mistakes and make your home buying journey as easy and painless as possible.
Plan Your Down Payment
Although conventional loans require a minimum of only five percent for a down payment, more is better, helping to lower your monthlyÂ payments and potentially reduce the length of your mortgage.
Calculate How MuchÂ House You Can Afford
Lenders may be willing to loan you the maximum amount your debt load will allow, but a more conservative approach can prevent you from being house poorâa situation that leaves you unable to meet your other financial obligations or commit money to your savings.
Pick Your Location
Lot selection is a vital component in the home buying process which requires a number of considerations, including:
- Location â In addition to choosing a lot within a reasonable proximity to schools, shopping, amenities, or work, the neighborhood itself should be safe. The beauty of the community should be enhanced by the nature that surrounds it.
- Suitability â Before you purchase your lot, ensure it can accommodate the type and size of home you desire, in accordance with local building restrictions and regulations.
- Land Testing â A professional evaluation of the land can help determine whether or not it is suitable for building. As part of Sekas Homesâ Lot Selection Assistance service, weâll help determine if your preferred lot is well-suited for your custom-built home and whether or not itâs a good financial investment.
- Community Lots â Choose from available lots in a new or established luxury home community which have been carefully placed by the builder for their beautiful surroundings and nearby attractions.
Select Your Floor Plan
Whether you opt for a custom buildÂ or pre-built home,Â itâs important to partner with a builder whoÂ hasÂ a solid reputation, exceptionally high standards, and an eye for detail. Choose from a number of thoughtfully designed custom floor plans, add the custom design options you desire, or work with your builder to create a truly unique design plan.
Choose Your Features
Custom design options help turn your house into a home, increasing its beauty, value, and functionality. Consider adding the following features:
- Custom flooring
- Outdoor living space
- Dog washing station
- Home automation system
- Fitness room
- Outdoor pool
- Media or theater room
- Radiant heating
- Security system
- Solar panels
- First floor master
- And more!
The Fine Print
Once you have chosenÂ your pre-built or custom built home, all that’s left to do is secure your financing. Based on the price of the homeÂ or the estimate for your custom build, your broker will evaluate your qualifications for a mortgageÂ based on a set of criteria and present you with the official terms of your mortgage. Once your loan is finalized, you can break ground on your newÂ custom home, putting you one step closer to making your dream a reality.
Find Your New Home With Sekas Homes
Call Sekas Homes today at 703-594-7449 or contact us onlineÂ to learn more about our custom homes in Northern Virginia.