2019 SPRING PARADE MODEL FREE ESTIMATES! 701-729-5851 701-866-7419 HOME FLOOR PLANS GALLERIES BUILDING TIPS CONTACT HOME BUILDING TIPS Building your dream home is exciting and it's one of the largest investments you'll take on in your lifetime. At Urban Prairie Homes, we want this to be a positive experience. In order to facilitate that, we will walk you through the steps and stay on top of things from the moment we're hired through to the end of construction. To get you started, we've outlined some general things to keep in mind while going through the building process. For information related specifically to the Urban Prairie Homes construction process follow the link below. URBAN PRAIRIE HOMES PROCESS Get pre-qualified for a mortgage Whether building a new home or buying an existing home, this first step is the same. By contacting a lender and providing them with some basic information regarding your debt, income and assets, you can find out the size of mortgage for which you are likely to qualify. Then, before that first shovel of earth is turned, you should make sure you get final mortgage pre-approval. This involves filling out a mortgage application and supplying a lender with the necessary documentation to check your financial background and credit rating so you will know exactly how much you can afford to spend. Check the reputation of your builder There are many builders to choose from, but not all are created equal. Do a little research to find out which builders have the best reputations. Whether you search for information online or get recommendations from your friends and family, find out whether a builder is respected for doing quality work as well as being punctual. Know your budget New home communities list a base price for the homes that they offer. However, this is rarely the actual final cost when building a new home. Be aware that you can add thousands of dollars to the base price of a home very quickly if you get carried away upgrading the standard flooring, cabinetry or lighting. It’s important to know exactly how much you can afford and to budget accordingly. Build with resale in mind No matter how much you love the house that you are building, it’s unlikely that it will be the last home you will ever own. Knowing that, you should be mindful of its potential resale value. Don’t add so many upgrades that you overprice your home for the neighborhood. And don’t choose anything too out of the ordinary. Ask yourself if the features you’re considering installing are likely going to appeal to others. Know your timeline Building a new home usually takes many months and many things must be coordinated during this time frame. If you are already a homeowner, your current home must be sold, you must make decisions regarding your new home and you must arrange a new mortgage. Get an estimate of when the building of your new home will be completed and plan accordingly. Be prepared for delays No matter what time frame a builder gives you, there is always the possibility of delays. Inclement weather, shortages of supplies and labor problems can all factor into delaying the completion of your home. Be aware of this going into the building process and be prepared to be somewhat flexible. Keep a close watch on progress One way to help prevent delays and mix-ups is to stay involved in the building process. If possible, drive by the construction site to keep track of the progress that is being made. You should also check in with your builder on a regular basis. Avoid making changes Try to avoid making changes to your designs once all of the plans have been completed. It will delay the completion of your new home and may add considerably to the final cost. Arrange temporary housing Chances are there may be a delay between the time you sell your existing home (or the lease expires on your current rental unit) and the time you move into your new home. If this is the case, you will need to arrange some temporary housing. Realize that you may be living there for several months so make sure it will be both affordable and able to meet your needs. Jenny Schuster, PARK CO., REALTORS© (701) 729-5851 jennyschuster@parkcompany.com Joe Richards, Urban Prairie Homes (701) 866-7419 urbanprairiehomes@gmail.com HOME FLOOR PLANS GALLERIES BUILDING TIPS PROCESS CONTACT Copyright © 2015-2020 Urban Prairie Homes. Do not copy any content or images without consent. Urban Prairie Homes is a DBA of AR Drywall Co. License # ND31847 Website by w-innovations, LLC