Greenville SC New Home Construction, Remodel and Renovations
I get many inquires about Greenville SC New Home Construction. Really there's two questions clients ask about. New developments where you might find a local, regional or national builder and new custom home construction. I'll focus on Greenville new custom home construction here.
When you enter into an agreement with a builder you really want to be sure you are dealing with a reputable one with resources, experience and commitment to finish your dream home. Entering a contract with a builder is much like a engagement without the romance.
First you will sit down with a design team, this could be the builder or architect. You'll come up with a plan, find a place to build. You'll get a price based on the specifications. The builder may own the lot or you could have your own and desire the custom build. In general, if it's your lot the builder will want an interest in the lot, lien etc., this helps the builder in case the buyer backs out.
Once you get the terms worked out and an estimate of time to complete, the builder will begin the new construction. The builder works on draws. Basically you apply for a construction loan then the builder makes agreed upon "draws" on that loan to cover the cost of the construction. When the construction is complete and you and the builder are satisfied, the property is closed, liens released, etc. You own the property.
Can you see how this is an engagement, with costs on both sides being incurred? The risk to the builder is getting it complete and being paid, the risk to you is buying something you can't see. So again, it is very important that you work with a reputable, experienced new home construction builder.
Below is a example of some Greenville SC new home construction. This builder not only does custom/spec homes but also remodels and additions, apartment and condo work and conversions. If you would like to contact the builder of this custom home, please enter your contact information below and he will be in touch to answer any questions you may have. Greenville SC Real Estate home page.
When you enter into an agreement with a builder you really want to be sure you are dealing with a reputable one with resources, experience and commitment to finish your dream home. Entering a contract with a builder is much like a engagement without the romance.
First you will sit down with a design team, this could be the builder or architect. You'll come up with a plan, find a place to build. You'll get a price based on the specifications. The builder may own the lot or you could have your own and desire the custom build. In general, if it's your lot the builder will want an interest in the lot, lien etc., this helps the builder in case the buyer backs out.
Once you get the terms worked out and an estimate of time to complete, the builder will begin the new construction. The builder works on draws. Basically you apply for a construction loan then the builder makes agreed upon "draws" on that loan to cover the cost of the construction. When the construction is complete and you and the builder are satisfied, the property is closed, liens released, etc. You own the property.
Can you see how this is an engagement, with costs on both sides being incurred? The risk to the builder is getting it complete and being paid, the risk to you is buying something you can't see. So again, it is very important that you work with a reputable, experienced new home construction builder.
Below is a example of some Greenville SC new home construction. This builder not only does custom/spec homes but also remodels and additions, apartment and condo work and conversions. If you would like to contact the builder of this custom home, please enter your contact information below and he will be in touch to answer any questions you may have. Greenville SC Real Estate home page.
