Embarking on the home-building journey is an exciting adventure, especially in a community like Harvest by Hillwood in Argyle/Northlake, TX. Still, building your own home comes with its fair share of challenges, and it’s only natural to have a lot of questions.
What should you expect when building a new home? This guide aims to demystify the process from start to finish, providing a clear roadmap covering the entire journey you’ll experience when you decide to build your dream home at Harvest.
Building a new home is a unique experience, completely distinct from purchasing a pre-owned property. It involves several stages, from selecting your ideal lot and home design to the final construction and move-in.
Before diving into the building process, it’s crucial to define your goals and requirements. What inspired your move to Harvest? How will your new home fit into your ideal lifestyle? Consider your list of ‘must-haves’ and ‘nice-to-haves’ in your new home. It’s also wise to get prequalified by a lender early in the process to understand your budget and limitations.
While it’s not mandatory to use a Realtor for a new build, having one can offer numerous benefits. A seasoned agent can educate you on what to expect when buying a new build home. Plus, they can provide market insights, help negotiate with builders, and guide you through the buying process. If you decide to use a Realtor, make sure to involve them from the start and inform the builder’s representatives.
Harvest offers various ways to shop for and select your new construction home, both online and in person.
Once you’ve chosen a design, a visit to the builder’s model is essential to finalize details like design selections, upgrades, and contract terms.
Understanding the financing process is a crucial part of your home-building journey.
The initial step in financing your new build home involves putting down earnest money, typically ranging from 1-3% of the home’s price. This serves as a commitment to the builder and secures your chosen lot or home. Your official mortgage closing will take place later, when the house is completed.
Many builders at Harvest have their own mortgage lending departments or collaborate with preferred lenders. This offers significant advantages over buying a pre-owned home. Here are some examples of what these partnerships can provide:
If these specific builder options aren’t available, there are still several additional strategies to secure a favorable mortgage rate:
The construction process involves several stages:
As your home nears completion, there are a few critical last steps you must undertake before you’re able to move in. Here’s what to expect:
Harvest by Hillwood offers a unique opportunity to build your dream home in a vibrant community with incredible amenities and proximity to great schools. With various designs and builders to choose from (and many currently offering incentives), now is a great time to buy!
Explore your options online and visit the builder’s models to discover special offers. Find your new home at Harvest and start the exciting journey of building your dream home today.