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What to Expect When You Are Building

Posted by Emily Warmoth on June 20, 2019
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Knowing what to expect when you are building a house is important. The main frequently asked questions have been centered around, what you need to get started, how the build process works, and what the design meetings consist of.

CREATING A BUDGET

For your sanity, the builder’s, and your spouse’s; create a budget! Having a budget will create boundaries and set expectations. At Ventura we work a lot of “upgrade” items into the cost of our homes. With that being said, there are certain things that would be considered upgrades. For example, things like adding an outdoor fireplace if it is not already on your floorplan… or adding a pergola to the back patio. If you know you want these types of added features, talk to the builder about them at the time of contract. When you’re building a home, it is more cost effective, and easily incorporated when specific details are known upfront.

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WHAT YOU NEED TO GET STARTED

When you are building a home, the first step is a preapproval letter from your preferred lender. We are frequently asked if we exclusively use one specific lender; The lender is strictly up to the buyer. But we do work closely with Prime West, Texas Tech FCU, and City Bank. The next step is identifying a floorplan and getting a price on the home. Once you have your pricing, we require a 3.5% of the list price as a deposit. This deposit goes towards your down payment of the home, but allows you to be involved in the design process. 

FIND A FLOORPLAN

Finding a floorplan that fits your needs it super important. We offer a variety of floorplans that work in each of our neighborhoods. Sometimes the best way to find the floorplan for you and your family is to set up an appointment with the builder. This allows you to go over the different floorplans that are offered in your preferred neighborhood, and to discuss what your needs and wants are for your new home.

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LIKES AND DISLIKES

If you are building a home with someone, make sure the two of you are on the same page. Discuss your Likes and Dislikes prior to designing the home. If you love painted brick and the other dislikes painted brick, discuss what your common ground would be. There are endless options when it comes to building a home. Having a list of what you like and dislike can make the world of difference when it comes to creating the perfect home for you!

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