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There is something enticing about building the home that you want rather than purchasing a property that only has some features you desire. When you invest in new residential construction, you can create the living space that you have always dreamed of having.
Step 1: Choose a Builder
The first step in the home building process is likely the most important. You will want to partner with a reputable and experienced builder who will focus on helping you accomplish your goals throughout the construction process. It is important to hire a builder who has worked in your local area and who has formed an extensive professional network that includes highly-regarded contractors.
Step 2: Secure Financing
After you have chosen your builder, you will need to secure financing for your new home. In all likelihood, you will need to start the payment process by applying for a construction loan. Construction loans have different requirements than traditional mortgage loans, so you will want to work with your lender to figure out the best option for your personal circumstances.
Step 3: Select Your Lot
Once you have been approved for a loan, and you have a payment plan in place, the process of building your new house can begin. The first thing you will need to do is select your lot. There are a lot of considerations to make when selecting your lot, so be sure to take your time and find the plot of land that will be best for your home.
Step 4: Design Your Home
Now that you have decided on which lot is best, you can start working with your builder in order to plan and design your home. During this stage, you will talk about everything from the floor plan and the facade to the interior design details and landscaping. There will be a lot of decisions to make, but this can be the most fun part of the process for new construction homebuyers.
Step 5: Watch the Construction Process Unfold
As the design decisions are finalized, your builder will begin to construct your new home. Along the way, you may have opportunities to stop by and see the progress. It's always a good idea to snap a photo or two, so that you have memories of this special time in your life.
Step 6: Schedule Your Final Walk-Through
When your home is completely built with every detail in place, you will be able to go on a final walk-through with the builder. This is the time when you can point out any changes or adjustments that need to be made before you move into the home.
Whether you are finally having a custom-built home designed to meet your exact needs or you are deciding between different models available from a reputable builder, you are likely to enjoy this milestone moment in your life.
About the Author
Kimberly Hering
Kimberly Hering's devotion to helping people achieve their real estate goals stems from her genuine enjoyment of the process. Whatever the task, Kimberly makes it her mission to get it done, however she can, without compromising her client's needs. Often, that means thinking outside the box. After working with Kimberly, clients describe her as being Trustworthy, Creative, Patient, Highly Skilled, Attentive to the Process and having a lot of Integrity.
After spending more than 15 successful years working on Wall Street, Kimberly transitioned into Real Estate, joining Alain Pinel Realtors, then moving to Zephyr, now Corcoran Global Living, in 2018. During her career on Wall Street, Kimberly was a Vice President working as an Institutional Equity Salesperson for Montgomery Securities for 10 years. She covered the top money managers throughout the US and Canada. She joined Jefferies & Co as a Senior Vice President managing the Western Region Institutional Sales group, while continuing to cover the top money managers.
Kimberly leverages her extensive experience selling equities to top money managers throughout the US and Canada, to successfully negotiating any Real Estate transaction seamlessly for her clients. Kimberly is well versed in Marin's neighborhoods, towns, cities, and education system.
Living in the Bay Area for 35 years, 25 years in Marin and having 2 sons in local Marin schools, Kimberly spends a lot of time volunteering in the community and serving on various local Boards. Kimberly has a collection of resources ranging from the best local breakfast spots to vetted contractors. With her reliable list of valuable resources, Real Estate experience and unsurpassed knowledge of Marin's many communities, Kimberly can guide her clients through every aspect of a Real Estate transaction seamlessly.
Relocating to Marin, downsizing, upsizing, first time home buying, final home purchase or sale, or a lot to build a dream home, no matter the undertaking, Kimberly works seamlessly until the job at hand is completed with 100% satisfaction.