Answers to Your Home Building Questions
Q: How do people pay for custom homes on land?
A: In many cases, people save up to avoid dealing with loans and banks. If you need a loan, a building loan can bring a number of unexpected headaches if you decide to alter or change your blueprints since the bank must approve each step of the process. If you get a term loan, you have more freedom on how the money is spent, easing the stress of your custom-home build.
Q: Is it better to buy a new home or an existing home?
A: That depends on your budget and what you’re looking for in a home. New homes are often more expensive. In fact, in some cases you can move a home for about a third of the cost. But, before you set your house down on the land, you will need to navigate a number of logistical issues, such as the presence of gas and water lines. Some relocated homes may require retrofitting to accommodate water and electricity, which can be expensive.
Q: Can I put a pond on my land?
A: Yes, but you need to be aware of a few factors. First, is a natural watershed present? You need a hill or slope that will allow water to flow into your pond. If you live on a hill, place the pond at the bottom. If you live on flat land, you may need to set up an irrigation system to bring water to your pond. Next, make sure there aren’t any bodies of water, such as a creek, nearby. The water may leech into the creek, draining your pond. If necessary, we can add water resistant coating to the bottom of your pond to prevent leeching.
Q: If I want to build a retirement home in the country, where do I start?
A: This depends on your needs and your budget. If you have a tight budget, try to find a piece of land with utilities already in place. Otherwise, setting up water and electricity can become very expensive. You should also look for land with available roads and bridges that won’t require a lot of regular maintenance due to flooding or other issues. If you have a larger budget, then just look for a place with a gorgeous view and give Pine Springs Homesteads a call.
Q: Can I use the land I live on as collateral to build a new property?
A: You can, but I would not recommend it. First, you would be surprised at how little you will receive. In some cases, the bank will only offer 30% of their appraiser’s estimate. Second, the bank may refuse to let you alter the land until the loan is paid off.
Q: Can I build a home on any lot or land?
A: Yes. Even if the area is out in the country, Pine Springs Homesteads can usually move supplies and tools without damaging the natural terrain, preserving the surroundings of your new custom home.
Q: How long does it take to build a house?
A: This really depends on the type of home being built. An average home usually takes about five months. A simple cabin with small square footage may only take three months, while a larger home incorporating features such as arch ceilings or etched concrete may take up to nine months. Once we view the blueprints, we can give you an accurate estimate.
Q: What’s important when choosing a land for a home?
A: Find out if there is available access to water, sewer, and electricity. If not, these utilities can be added, but often at a high cost.
Q: How do I know if I can get city water or if I need a well?
A: You will need to talk to the water company. At Pine Springs Homesteads, we will speak to the utility companies on your behalf to save you the headache.
Q: What is drain waste plumbing?
A: Drain waste plumbing is a series of pipes under your home that carry waster water from the sink, showers, and toilets to your septic tank or sewer system. Drain waste venting is another component of drain waste plumbing. Typically, a pipe runs up through the attic, allowing air into the drain waster plumbing to propel wastewater from the house.
Q: What is dry in?
A: Dry in refers to water proofing the building so nothing inside gets wet.
Q: What is the difference between a home pad and foundation?
A: The pad is the dirt you build up to level your foundation. A specialty mixture of clay and soil, the pad raising the home to prevent flooding and allow the house to settle without the foundation becoming unleveled.