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The Cost of Crafting Purpose-Built Custom Homes:

The GoodHaus Design+Build Experience

GoodHaus Design+Build specializes in crafting purpose-built custom homes with an entry threshold/range of approximately one million dollars to five million dollars. We appreciate all inquiries and are eager to help you transform your dream home into a reality.

At GoodHaus Design+Build, we are committed to delivering top-of-the-line homes built with the finest materials and cutting-edge construction technology. Our bespoke designs demand unique architectural and build details, which require higher labor costs associated with custom fabrication. The exceptional quality and attention to detail we provide is worth the investment.

We choose building materials and methods that ensure the utmost in durability, safety, and aesthetic appeal, such as steel, concrete, and post and beam construction. Although these techniques come with higher labor costs, the result is an exceptional, enduring home tailored to your individual needs and desires.

We actively seek clients who appreciate the value of investing in a custom home experience. Our team is dedicated to delivering a home that not only meets but exceeds your expectations, providing a lasting return on your investment.

Managing high-end custom home projects requires dedication and expertise. Our experienced team is equipped to oversee every aspect of your build, from initial concept to final finishing touches. This comprehensive approach guarantees a seamless, stress-free experience and a home that truly reflects your vision.

We intentionally limit our active projects to 1-2 custom homes at any given time to ensure the highest level of attention and scrutiny for each project. Our fees are higher to accommodate the low project load and longer timelines inherent in custom home construction. We believe this investment reflects our unwavering commitment to excellence in every aspect of your home-building journey.

Discover the GoodHaus Design+Build difference and embark on the journey to your dream home today.

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Overcoming the Financing Hurdles for Your Ground-Up New Construction Home:

Building a new home from scratch can be an exciting endeavor, giving you the chance to create your dream residence. However, obtaining financing for ground-up new construction projects can be challenging. Lenders often perceive these projects as riskier due to uncertain timelines, fluctuating costs, and unforeseen complications. But don't let these obstacles deter you! With the right approach, you can secure the necessary funding to bring your dream home to life.

Here are a few suggestions to help you navigate the financing process for your new construction home:

  1. Research Lenders: Not all lenders offer construction loans, so it's essential to find one with experience in this area. Look for lenders who specialize in new construction loans and have a track record of successfully financing similar projects.

  2. Prepare a Comprehensive Project Plan: Lenders are more likely to approve financing for well-planned projects. Develop a detailed project plan, including architectural drawings, a construction timeline, and a budget outlining all expenses.

  3. Demonstrate Financial Stability: Show lenders that you are a reliable borrower by maintaining a good credit score, having a low debt-to-income ratio, and providing proof of a stable income.

  4. Offer a Larger Down Payment: Lenders often require a higher down payment for construction loans to offset their risk. Be prepared to put down 20-30% of the total project cost to increase your chances of approval.

  5. Consider a Construction-to-Permanent Loan: This type of loan combines the construction loan and the mortgage into a single loan, simplifying the process and reducing closing costs. Upon project completion, the construction loan is converted into a long-term mortgage.

  6. Look for Alternative Financing Options: If traditional lenders aren't a viable option, consider alternative financing methods such as crowdfunding, home equity loans, or partnering with investors.

Navigating the financing landscape for new construction projects can be tricky, but with diligent research, thorough planning, and perseverance, you can turn your dream home into a reality.

 

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