Planning for Your Custom Home & Tips for Selling Your Current Home

Posted by Kari Montoya on Jul 29, 2020 10:35:34 AM

Topics: Build a Custom Home, Homebuilding Tips, Selling Your Home, Financing, Custom Homes, real estate, value, Craftsman

For many of our customers, selling their current home is the one of the first steps of the home planning process. This allows them to decrease their debt to income ratio and maximize their budget for their new home. Selling the place you call home can feel overwhelming so we compiled this research as a helpful guide.

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Is Now The Time to Build Custom?

Posted by Kari Montoya on Jul 1, 2020 8:30:00 AM

Topics: Custom Home Builder, Build a Custom Home, Custom Home Design, Homebuilding Tips, Selling Your Home, Financing, Design, Custom Homes, Finding Land, real estate, Craftsman, Farmhouse

Maybe you’ve dreamed of a custom home for years—but the timing never seemed right. And today, things just seem...complicated. Why would right now be the right time to start planning the build of your custom home? To start, did you know that available home inventory across the West—everywhere from Oregon, Washington, Idaho, and Arizona—is currently lower than ever? January of 2020 saw a 14% drop in inventory, and that was before the pandemic. Even with the low inventory, sales numbers of single-family homes have only grown since the beginning of the year.

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Building 101 is in Session

Posted by Melissa Lynn Galland on Apr 14, 2020 1:24:46 PM

Topics: Custom Home Builder, Site Development, Financing, Custom Homes, Finding Land

Online Events

Don’t worry about showing up in person. We’ve moved our popular class on the basics of homebuilding online—where we can better protect the health and safety of our communities. You’ll still have unprecedented access to the Adair Homes building process—where we make it quicker, easier, and more affordable than you could imagine to build your dream home. Learn about financing, budgeting, and how you can deduct sweat equity from the overall cost of your new construction. Talk to a designer. Peruse the online plans! The Building 101 seminar is your ticket to new construction.

Each event is customized based on your questions that you ask, but here’s what you can expect:

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Coronavirus and the Financing of your Home

Posted by Melissa Lynn Galland on Mar 25, 2020 9:31:38 AM

Topics: Custom Home Builder, Homebuilding Tips, Financing

How about some good news in the midst of the most perplexing time many of us have ever encountered? Sadly, we don’t have the cure to COVID-19—but what we do have might be a rare silver lining in the topsy-turvy world of home finance.

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How Much Does Building a Custom Home Cost?

Posted by Melissa Lynn Galland on Oct 9, 2019 11:49:34 AM

Topics: Financing, Homebuilding Process

Not surprisingly, one of the most common questions people ask when considering building a custom home is, How much does it cost? The answer, of course: It depends. There are so many factors that go into calculating the cost of building a custom home that it can be difficult to predict the total price until the project is finished. However, by understanding all of the associated costs, and by working with an experienced builder, you are better able to predict the total price tag and ensure that you stay within your budget.

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How to Finance Your New Custom Home Build

Posted by Melissa Lynn Galland on Aug 29, 2019 6:37:00 AM

Topics: Financing

For most people, a new custom home build requires outside financing. Much like getting a mortgage for an existing home, unless you can pay with cash, you will need to source other funding. There are several options for financing the construction of a new home. The one you choose will depend on your individual financial situation and personal preferences.

The two primary sources of funding a custom home build are a new-construction loan and builder financing. You might also be able to save with new-construction tax credits.

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Take Advantage of Low Interest Rates to Get More Home for Less

Posted by Becca Thomas on May 18, 2019 8:50:00 AM

Topics: Financing, Homebuilding Process, Custom Homes

 You’ve probably heard that now’s the time for buyers to get into the market. The main reason for this is interest rates - that is, historically low interest rates.

 

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Buying My First Home: How Much Money Do I Need to Save?

Posted by Melissa Lynn Galland on Aug 7, 2018 9:08:00 AM

Topics: Homebuilding Tips, Financing

Purchasing your very first home is one of the most exciting, important steps you’ll ever take. However, the process can be stressful and even scary at times, since there’s so much riding on it. One of the most common questions we encounter from first-time homebuyers revolves around how much to save for their new home.

Although the answer to the question, “How much do I need to save for my first home?” will vary for each individual homeowner, there are several factors that will likely come into play for everyone:

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3 Types of Construction Loans: A Comparison and Review

Posted by Melissa Lynn Galland on Jul 31, 2018 7:54:54 AM

Topics: Homebuilding Tips, Financing

Most people can’t fund the construction of a new home using cash, but that doesn’t mean it’s impossible to build your own custom home. Much like getting a mortgage to purchase an existing home, you can get financing to pay for the costs of new construction. Also like a typical mortgage, there are several different financing options available to you. The one that makes the most sense for you will depend on factors such as:

  • Cash available for a down payment
  • Ability to make monthly payments
  • Credit score and history
  • Household income
  • Existing debt and assets

If you’ve never built a new home or gone through the financing process, it can feel intimidating. There is always a lot of paperwork, and the many options can be confusing if you don’t understand all the details. However, you don’t have to go through it all alone.

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When is it the Right Time to Buy a Home?

Posted by Melissa Lynn Galland on Jul 5, 2018 6:35:50 AM

Topics: Homebuilding Tips, Financing, Homebuilding Process

You can buy a new house at any stage of life, but there are a few key points when it just makes sense to own a home that truly matches your lifestyle. Living in a space that is too large or too small can create unnecessary challenges. Trying to stay in the same place because change is hard might actually be more difficult in the long run. Whether you are a first-time homebuyer or are ready to move on from your current situation, it might be time to think about taking the next step toward purchasing a new house.

When is the right time to buy a new home? Often it’s when there are major changes happening in your life, such as:

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