New Construction: 

Build On Your Own Land

How Does It Work?

When building on your own land you're already one step ahead, at least you know where you want to be. I am also assuming the land you have, is able to connect to public water and sewer (if not read the recommend post below). 

First things first. You need to know what you want in a home. Read "10 Things You Need to Know Before Contacting a Custom Builder".  Knowing these specific items will help a builder be better able to price a home you want.

** I'm assuming you already have the land. If not read this sister blog post first.


When building a home with a custom builder on your own lot there are two ways builders usually like to handle funding. 

  1.  If you own the land, with no mortgage, they will sometimes require that you deed them over the property, and they will use that as collateral to build your home with their own money. Sometimes builders would rather use their banks or cash to build with, instead of going through the headache of using a buyers bank.
  2. If you don't own the land outright, you can't deed it over, because most likely the bank won't let you. In this scenario the builder may require you to put down a sizable deposit of 10-25% of the gross cost with them as collateral, and the builder will use their financing to build you home. It seems like a lot of money, but it's not if you are the builder, building something custom on land you don't own.
  3. Let's say you don't want to or can't deed over your land, and the builder wants you to get your own financing. This is not the most common method, but can happen. In this case you'd just go to a bank and get a construction loan. (Read "How Does Building Funding Work" post here).

What We Can Do 

To Help.  

We could make up some fluffy reason why an agent is needed in this situation, but to be honest we aren't needed. We'd only end up costing you more and not bring any true value. However, feel free to ask us for recommendations on builders if you need them.

Start Building.

Ready to get your specific questions answered? Next steps is to get together to find out all the ways we can help you.

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