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Jul 21, 2010 Building FAQs
Asking questions helps you to understand the buying process and eliminate any uncertainty you may have about it. Here are several of the common questions that home buyers ask of Sullivan Rowell Homes.
1) How long will it take to build my home?
Usually it takes five months from the time you sign a purchase and sale agreement with Sullivan Rowel Homes. The first month is used to prepare permit paperwork, submit for permits and receive approvals from the governing entities. The next four months are used to do the actural construction and finishing of your home. Look under the section "Quality Construction" for the steps of building your new home.
2) Do I need to get a construction loan?
No. Sullivan Rowell Homes will obtain the construction financing. You will need to secure a loan to pay Sullivan Rowell the agreed sales price at the time the home is completed.
3) Does Sullivan Rowell have a written warranty?
Yes. Sullivan Rowell Homes provides each new home owner with a One Year Limited Warranty and a ten year structural warranty for further protection.
4) Can I make changes in the design?
Yes, this is a possibility. Depending upon the change, Sullivan Rowell will determine whether or not the change is feasible and how much it will cost. Approved structural changes will need to have plans redrawn by a professional designer. There will be an additional charge for the designer's expense.
5) Can I do upgrades in my home?
Of course, just let Sullivan Rowell know what you desire and they will price out the upgrade for you. Upgrades can either be paid in cash or, with builder approval, can be added to the mortgage.
6) Are there any additional costs to buying a new home?
There are some accompanying costs that you should be aware of. These costs can vary but typically include loan fee, appraisal, credit report, fire insurance, tax proration, etc. Ask your sales associate or lender for a list of items and estimated costs. These costs often range from 2.5% to 3% of the sales price. There are several loan products that will allow some or all of these costs to be added to the mortgage.
7) Can I visit the construction site to watch the progress of my home?
Seeing your home take shape is an exciting aspect of buying a new home. As the home progresses, Sullivan Rowell encourages you to take photos for your memory book. We ask that you make your visits during the evening hours or weekends. Please do not interrupt the work on the home by engaging the subcontractors with questions. If you have a question or concern, please call your sales associate. For safety reasons, great care must be taken around construction sites. Your home will be locked up after the interior is painted. You will need to schedule an appointment with your sales associate in order to have the door unlocked.
8) When can I move into my new home?
Several things have to happen before you receive the keys to your new home and can move in. We have to receive a Certificate of Occupancy, you have to sign the closing documents and deposit your funds with escrow, your lender has to provide funds for the loan, ownership has to be transferred at the county and a check prepared for the builder prior to occupancy.
Sullivan Rowell Homes welcomes your questions. We know that a well-informed customer is most often a satisfied customer. The greater your confidence is in us, the more satisfying the process is for both you and ourselves.
Brought to you by Jerritt Wiser and Evelyn Cataldo of Coldwell Banker Tomlinson Associated Brokers.