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Conduct Your Own Feasibility Review

Use this helpful resource to start mapping out a path to building your custom home! A feasibility review is an essential tool that allows you to determine where to build, what it will look like, what features will be included, & about how much it will cost.

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Choosing Land or a Neighborhood Lot

One of the biggest decision is if you want to live on Rural Land or on a lot in an Established Subdivision. The choice should be made early because the size of your lot may restrict the design of your home. Conversely, the design of your home may also limit the size of lots you consider. Read more about the Pros & Cons.

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Selecting Your Homes Exterior Style

Select Your Home’s Exterior Style

An important aspect of the Feasibility Review is to narrow down the style of home you want. To help clarify your options, we’ve compiled some of the popular home styles that influence most Louisiana home buyers. The majority of designs in our area can be classified as “Acadian Style”.

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Choosing Features and Fixtures for your new home

Consider Your Amenities When Building a New Home

After you narrow down your architectural style, it’s time to start choosing the general features, amenities and fixtures that will go into your new home. This page contains a short-list of the elements of a house that typically affect the overall investment.

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Step 6 Designing House Plans

Designing House Plans for New Construction

Now that you know all the fundamentals about your land, exterior style, and most amenities, you’re now able to work with the builder to find a draftsman or architect to create the house plans!

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Bidding the Work for New Construction

Once the plans have been completed, it is time to meet for a pre-bid meeting with your selected contractor. Read this article for an overview of the bidding process. Keep in mind that the bidding process may span over a month, so be patient.

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Carroll Construction, Building Contractors, Zachary, LA

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IMPORTANT LOAN CONSIDERATIONS

Your budget is the foundation for every other decision you will make while preparing to build a home because it provides context for what is possible. Most people attempt to answer the question of “What is my budget?” by simply deciding how much they would be comfortable spending. Unfortunately, while this is a crucial part of the process, it ignores the rest of the picture. We advise our clients to answer the following questions in the order below. However, if you are self-financing the project, skip to question #3.

1. How much will a financial institution lend me?

This sets what we refer to as your Maximum Loan Amount.

2. What type of loan will I need?

This is where many people get confused because if you ask the wrong questions when interviewing lenders, you’ll get vastly different answers. We recommend reviewing the information in this article on the loan type you will need before meeting with your lending candidates.

3. How much am I willing to spend?

Just because a lender is will to lend up to your Maximum Loan Amount, this does not mean you will be willing to borrow and spend that amount. Consider the monthly payments as a starting point and adjust your Budget amount from there. Your chosen lender can help you with this.

4. What can I reasonably expect to build for what I am willing to spend?

This answer will come from a qualified builder during your preliminary meeting. Be prepared to discuss your budget so that the builder can help you get a better idea of what size home to design to meet your goals.

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7 things You Must Know Before Designing a New Home

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