163 Boston Post Road Waterford, CT 06385

Creating A Home Building Budget

Establishing a realistic budget for your new custom-built home is an important early step. We help you figure out a budget that suits your needs.

Just as each family’s dream home plans vary, so do considerations in how a budget is planned out and the financing structured.

Early Considerations

The home (structure) itself is the single largest portion of the budget.

The land portion is typically about 20 to 25 percent of your overall budget. You may have equity in a lot or even own one outright. (Our clients have access to our realtor on staff, if needed.)

The sitework costs can vary depending on conditions of the property, such as clearing and other site prep that may be needed, access to water/sewer, and so forth.

There could be current available home equity or liquid cash sources to utilize for the project.

Match Your Budget to Your Wish List

One common concern involves how to transition from your current home into your new home. We can assist you in selecting a local bank or lender that best meets your needs.

If a family’s wishlist exceeds the budget, we can help you evaluate which items are most important and which items can be planned for, but might be deferred if your family is not quite ready to proceed with them.

We work with you to help establish and shape your budget so that you’re comfortable when you’re ready to move forward.

You can request a free consultation any time. We’re here to help you get started!

Contact us now to get the Home of your dreams