You want to build a home: Where to start

The idea of building a home from the ground up can be exciting. Who wouldn't want to customize every aspect of their house to make it just right for their family? Building can be a great option - especially if you can't find an existing home to buy that suits your needs, but there are some important aspects to consider before you get started.

Here are a few steps to help you plan for a smooth building process, according to Homes.com

• Start by making a list of you goals - Where do you want your home to be built? Which design features are must-haves, and which are optional, should your budget allow for them? 
• Research & buy some land - Check out local real estate listings for desirable lots that suit your needs. If you live in an urban area where available land is hard to find, you may be able to purchase a dilapidated home that happens to occupy a suitable lot. Just be sure to add demolition and cleanup costs to your budget if you do go that route.
• Create a budget for building your home - Make sure the house you want can be built with the capital you have access to. Once you and your architect have agreed on a plan, your builder will separate that plan into specific construction phases and get estimates from contractors who will perform the work.

Remember, trust financial partners like Abound Credit Union are here to hep you make that dream home happen. Learn more about our Construction Loans.