Simple Steps to Building Your Own Home

Let's take the intimidation factor out of building your own home. While it can be a little scary, you can build more house for the price you invest. If you are like many people who live in Los Angeles, buying a home can be rather difficult. In a few easy stages, we'll explain how to finance, design, and construct your home.

Apply for a Construction Loan and Get Pre-Qualified

Being pre-qualified for a loan is the first and most crucial step. Given that it has to do with building a home rather than buying one, this kind of loan is distinct from a mortgage. There are building loans available that require just 3.5% of the total cost. This is your first step in building your home. Your Realtor, Engineer and Architect  won't be able to help with the selection of land and home design without being pre-qualified. Whether you are using a loan or your own finances it is vital to develop an initial budget.

Start Hiring Professionals

A qualified Realtor, General Contractor and Architect may help with the choice of land and home design once a project budget has been established. Particularly in Los Angeles' hillside neighborhoods, the rules are becoming more complicated. The Architect can provide input after carefully assessing the intricacy of the land in proportion to your budget. We offer pre-purchase consultations to assist buyers who are in this beginning stage make the most educated choice when deciding which property to purchase.

Choose Your Property

There are some plots of land that could make excellent settings for homes, but the typical individual would not be cognizant of the challenges in constructing on the particular lot. The Architect and General Contractor can help you by saving you time and money and managing the project within your predetermined budget. Your build will have land costs, soft costs and hard costs which will make up the total cost of the build.  Soft costs include professional and permit fees, and anything associated with the design of your home. We know what land is. Hard costs are those relating to the actual construction.

Create a Home

These are the project's associated soft costs. In consultation with the client, the Architect designs a home that is specifically tailored to their requirements and goals. As the design is finished, the Architect keeps going back and forth between the budget and the options, updating the client.

The Build

These expenses are the project's hard costs. Hard costs are anything incurred after receiving a permit to proceed with the project. You will review with your General Contractor what the construction costs will be, and go over options for your finished materials that will suit your goals and budget.

Advanced Builders & Contractors is one of the leading General Contractors in Los Angeles. We build and remodel homes in and around Los Angeles, Malibu, and throughout the San Fernando Valley. We have office locations in Los Angeles and Tarzana. Contact us to begin building your dream home!