When my family and I moved back to Colorado in January of 2015 we had no idea the housing market was such a disaster. We moved in with my parents with the mindset that we would be living with them for a few months until we were able to purchase a house. A few months later we realized we were in trouble, we would find homes we liked but were getting majorly outbid (people offering vacations, 10’s of thousands of dollars above appraisal price, etc). The Denver area was majorly lacking inventory for home buyers so everyone would go crazy over ANY (and I do mean any) house that hit the market, homes were being sold in hours not days. By this time it was March and we had originally anticipated being in our own home by then, or at least under contract.
Brent and I had never considered building a new home before this time, we didn’t think we could afford it nor did we really have the “time” to invest in such a project. Well, we found a new home site not too far from where my parents were living at the time and decided to take a look. We absolutely fell in love but were still so unsure about the process. Since the housing market was so crazy the new home builders were insanely busy too, we had to get on a wait list.
Once we were on the list things started to get real, we learned a lot through the process and I thought I would share what we learned with you guys.
Find out what comes standard and what is extra…
We quickly learned how building a new house could easily bust your budget if you aren’t careful and do your research. We were fortunate to find a builder who had an awesome standard package that we could build off of.
Honestly, the lot we wanted was about 10k more than we wanted to spend, so we ended up getting a less expensive lot so we could put more money into the house itself.
Go through the option list with a fine tooth comb and truly do a gut check to decide what you can and absolutely cannot live without. Brent and I made sure to involve our realtor in order to decide what was worth the initial upgrade investment or what could wait and even be cheaper if we just did it ourselves.
Stay in communication…
When builders are so busy you can easily be forgotten about, make sure you stay fresh in their mind by keeping tabs on what’s going on. I emailed with our builder once or twice a week, even if it was to just say hey I’m still here waiting for you to dig our foundation…..
We were in a unique situation with our build since the market was flooded with people wanting to build and the entire trade itself was swamped. We then had a random and almost unheard months of rain here in Colorado which pushed our dig date by about 4 weeks (talk about torture).
Know who to talk to and when to talk to them, we had our sales consultant, our realtor, a front end construction manager and a back end construction manager.
Whew…this one was really hard for me. Building always takes longer than they initially said because there will always be some sort of snag that takes time to recover from.
- Sign the contract!
We were so excited!
2. Go to the design center and choose everything for your house, this was by far my favorite part!!
3. Dig and pour the foundation! This part is fun because you can really start to visualize the house.
4. This is when the real fun starts! Rough framing….
5. Rough plumbing, electrical and HVAC
6. Insulation, dry-wall and texture
I apparently didn’t take pictures in this stage….even though it was really fun to see actual walls being put in place rather than just wood beams everywhere.
7. Trim, paint, driveway
8. Countertops and cabinets, this is when most builders will tell you it’s about 30 days until closing.
9. Final touches for bathroom fixtures, cleaning, paint touch-ups and a final walkthrough before closing.
The whole process from the day we signed our contract to closing was 10 months, a LONG 10 months, but it’s now over and we are so thankful we built!
Have you ever considered building? Why or why not?