What does it look like to build a modular home with LGS? How long does it usually take? Here’s a quick overview of the steps involved. It may look complicated, but don’t worry. We’ll be with you each step of the way with guidance and advice.
At LGS Home Builders, our goal is to help each client create a home they’ll be proud to own. We specialize in the three most important parts of building a home: financing, design, and construction.
We work with several different lenders who offer multiple types of loans. New construction projects often require two-step financing. Buyers secure a construction loan to buy the land and disburse funds throughout the building process, and then they transition to a traditional mortgage once the project is complete.
An alternative form of financing that many of our clients choose is called a construction-to-permanent loan. Also known as a single-close loan, this type of financing is designed to cover everything from purchasing the land to building your home. Once construction is complete, the loan converts to a traditional mortgage. This option can simplify the process of financing your new home.
In the decades we’ve been building homes in North Carolina and Virginia, we’ve developed close relationships with several local mortgage providers:
Do you need to have your land before working with LGS? Not necessarily. About half of our clients contact us before they’ve chosen a building site. We’re happy to walk you through the process of finding the right land for your home.
Every piece of land is unique, which can present specific advantages and challenges when it comes to building. Our experienced team can assist you in assessing potential building sites for suitability. We’ll help you understand how the natural features of the land would affect the building process and site improvement costs.
Our extensive experience gives us a unique perspective on the nuanced domino effect specific attributes (e.g., topography, organic indicators of soil type, and easement complexities) have on building prospects. We’ll share this knowledge with you and also offer our experience in understanding the appraised value of land and how it informs the selling price in the marketplace.
It’s not always easy to see the work it would take to turn raw land into a viable building site. That’s why we offer on-site assessment services to customers finalizing their decision process. With our help, you can find the right piece of land for your dream home and get a realistic idea of the cost and work it will take to build there.
At LGS, our goal is to help you tailor the design of your home to fit the very specific needs and wants of your family. We do this by spending time to discuss your vision and truly understand your needs. Consider these common questions:
Once you’ve closed on your construction loan and perfected your design, we’ll finalize the contract and release your home into Nationwide’s production schedule. During this phase, our team will pull the building permit and begin preparation for the arrival of your home. By getting everything ready ahead of time, we can significantly limit the time it takes to construct your home. Here are some of the preparation steps:
LGS Home Builders can help you make your dream home a reality. We’ll walk you through the whole process, from financing to final touches. Contact our team to schedule a consultation.