Building a home from the ground up is a dream of many, but sometimes finding the communities with homes that match your needs can be difficult. For many, the ideal solution is to build on their own lot. Customers buying new homes can create a unique home that fits their exact specifications while utilizing the land they already own.
In this blog post, we’ll discuss the “build on your lot” concept and what factors make McNair Custom Homes the ideal choice for anyone looking to bring their dream home to life.
What is a Build on Your Lot Program?
Not every builder will build on a home site that you already own. Rather than selecting a house from a pre-drawn plan or picking communities that have move-in-ready homes, you can work with a builder that will use your own land and allow you to customize a home that meets your specific needs and desires. The result is a truly unique floor plan and personalized property that is a perfect fit for your lifestyle.
Benefits of Choosing a Builder to Build on Your Land
When you want to build a brand new home in the location of your choosing, the benefits of choosing a home builder that will build on your land are numerous. Firstly, homeowners can take advantage of their existing land without having to buy in other communities. If they don’t own a lot yet, their builder can also help them find land that suits their needs.
Once a property is selected, the builder will walk the land with you and perform a homesite evaluation, showing you how your floor plan can be situated to fit the lot and also locations of things like septic systems that can influence the builders’ decisions on how best to customize the lot to meet your building specifications.
The builder will take in multiple factors to help determine the location of your new home, taking advantage of the best natural features of the land and the views of the surrounding area.
Why McNair Custom Homes?
Among those that build homes in the San Antonio area, the team at McNair Custom Homes stands out from the crowd. They have more than 30 years of experience in the new home industry and are known for their exceptional craftsmanship, lot program, energy efficiency, and customer care team. They take pride in their work and never compromise on quality. Whether you are looking for a classic or modern house design, McNair Custom Homes can deliver a perfect solution that meets your needs.
Unlike some in the industry, who often hide their fees and markups in the fine print, McNair Custom Homes provide straightforward and transparent pricing. You can expect a clear and concise proposal that details everything from design to materials to final construction costs, providing peace of mind that there will be no hidden fees or unexpected charges during the home buying process.
McNair Custom Homes also have a talented in-house design team and architects who will work with you to create a home design that perfectly fits your needs. From interior design to the layout of the house, McNair Custom Homes have the experience and expertise to bring any vision to life.
The Construction Loan Process
Obtaining a construction loan starts with pre-qualifying for the loan, where you provide detailed information, including your credit score, tax returns, bank statements, and other financial data. This information helps the lender evaluate the risks involved in the loan application and what amount they will be willing to lend you.
Once approved, the lender will approve a percentage of the total construction loan amount to be paid to the builder to begin preparing the land for your new home. The money is released in incremental steps throughout the construction process. These are referred to as “draws.” Each time the builder takes more money, they need to provide information on the status of construction on your new home to satisfy the lender.
With the house built, the bank will send an appraiser to the home site to determine the value of your new home. Because the bank will only lend up to the appraised value, it is important to ensure that the new home is completed and ready for the appraiser’s visit. This part of the process can make customers a little nervous because if the home doesn’t appraise, the customers’ financing could fall apart. Construction loans are weighed very carefully by the banks because they are financing something that doesn’t exist yet, so the bank must determine the value versus the sales price.
The McNair Custom Homes Building Process
The process of working with McNair Custom Homes is simple and straightforward. After the initial consultation, where they will discuss your vision and your budget, McNair Custom Homes will provide a proposal that outlines everything from design to materials to final construction costs.
Once the proposal is accepted, the design team will work with the homeowner to create a unique space that meets their needs. Once the final design is agreed upon, the site work and construction phase begins. McNair Custom Homes take great care to ensure that their construction sites are clean and organized, and they always adhere to the highest safety standards.
Throughout the construction process, McNair Custom Homes maintain an open and honest line of communication with the owners. They provide frequent updates on progress and offer guidance and advice as needed. Once the construction is complete, buyers can rest assured that their new custom home will be built to the highest standards and that they will be completely satisfied.
Challenges of Building on Your Lot
Building on your lot can come with some challenges that must be overcome, but McNair Custom Homes have the experience necessary to handle them. For example, permits and environmental regulations can be complex and time-consuming, but McNair Custom Homes have years of experience with these issues and will work with the necessary people and governing bodies to get the necessary paperwork in order.
Sometimes terrain or soil conditions can require extra work, and these challenges must be properly identified and solved by experienced teams for the home to be built successfully. Nevertheless, McNair Custom Homes have the skills and capabilities to adapt to any challenge and deliver beautiful homes that last for generations.
Ready to Build More Than Just a Dream Home?
Building a custom home on your lot can be a thrilling and rewarding experience, and McNair Custom Homes are the ideal partner to take your vision into reality. They are skilled at creating a beautiful custom home for you that stands the test of time and remains beautiful for years to come. Clients value their commitment to the highest standards of craftsmanship, their transparent pricing, and their design expertise.
McNair Custom Homes are always with you from start to finish – from the first consultation to the final inspection, they are always there to ensure that you are completely satisfied with the result.
So if you are looking for an incredible experience building your home on land you own, consider McNair Custom Homes and take advantage of their unparalleled expertise, reputation, experience, and quality, and build the home of your dreams today.