Have a Plan for Building Your New Home in
Sequim or Port Angeles
(New Homes, New Construction, Custom Homes, Finding a General Contractor)
Home Building Checklist:
Can You Afford the Home Construction?
Building a Home Will Require Some Upfront Money
Home construction financing is a little more complicated than buying an existing home.
Besides getting approved for financing, you will need a slush fund for non-budgeted expenses such as cost overruns, missed deadlines, and construction upgrades.
Define the Type of Construction:
- Custom Home Construction: where the
construction is based on a custom design and individually built for the home
This type of construction is a little more expensive and more owner involved. You will need to formulate the design that you would like.
- Production Home Construction: where the
construction is based on 3-4 different "production" designs for a particular
The homeowner may buy one of the plans from the builder and construct the house as specified. Some production plans allow for structural changes at additional cost.
What Kind of House?
Now for the Fun Part of Home Construction.
You need to decide on the style and architectural design of your home. Use our resource information for help:
- Select Home Style:
Single level, Two-story, Basement
- View House Plans:
Perhaps there is an existing plan that meets your design? Or ask an architect to tweak or customize a plan.
Search house plans center
Finding Your Building Lot and Location
Your home construction begins with the lot. Pick the right spot in the right area.
There are 3 ways you can search for a lot:
- View Home Building Communities:
Home builders will often have lots for sale in communities where home building plans are in place. You will be able to situate your home in an established development.
- Classified Ads:
Many lots and raw land are posted via classified sections of the local paper
- Hire an Agent:
Many real estate agents have access to communities and lots that are available for sale.
- Search the Sequim MLS or Port Angeles MLS online here.
Don't forget to appraise the value of your lot.
And Complete a neighborhood comparison before you buy.
Define Your Home Construction Specs.
Designing the construction specs is the most important task that you will undertake
You need to be as detailed as possible. The construction specs defines how your home will be constructed and designed. You will also spec sheet to bid the project and obtain construction financing.
Basically, the construction specification plan details the number of rooms, type windows and doors, type flooring, type trimming, type heating and cooling, etc.
Make sure you get a step-by-step construction specification sheet and supporting content for every room in your plan.
- Step 1: start with a general floor plan for ideas on how your home will be designed.
- Step 2: develop the spec plan for each component and room in your new home.
- Step 3: have an architect design an architectural plan based on your spec plan (or have the architect revised an existing plan.
Find a Home Builder - Negotiate Contract
The construction specs will be used to bid the construction project.
- Take your spec plan and have it reviewed by an
architect or other home designer.
They will revise an existing house plan to fit your construction specs or custom design a house plan based upon your design.
- Take the architectural plan and submit a bid request
from building contractors.
You will need your construction specs to detail your request.
Make sure to work with a contractor that has been prescreened.
Call Chuck Marunde for a referral to the best builders.
- Understand how to negotiate your contract with a
You can arrange financing once you have an acceptable construction bid.
Once you receive an acceptable bid from a contractor, you may now finalize your home construction financing needs from a lender. The lender may approve your request for financing based on your specification plan, contractor bid, and qualifying ratios.
There are two parts to construction financing:
- construction line
- residential mortgage
Start Your Home Building Project
Now for some excitement. Be prepared to manage and control your construction project, or make sure your general contractor has a project supervisor. There are many aspects of project management.
- project start
- project management
- change management
- problem resolution management
- cost management
- financial management
Inspect Your Home Construction
He who holds the money rules the process
As your construction move through building phases, get each phase of the project inspected before making payment.
Once payment leaves your hand, you lose control of getting things done right.
Close On Your Home Construction
Closing your home construction is similar to closing on an existing home sale.
As your construction comes to a close, you will need to payoff your construction line with a residential mortgage loan.
Do you need to sell your existing home before closing on your home construction?
Call Chuck Marunde, J.D., Owner/Broker of Sequim & Port Angeles Real Estate, LLC. (360) 775-5424