Our Process

Luxury Home Builders Process

What Is the Process of Building a Custom Home?

The home building process begins with planning, which includes an inspection of the land/site, drawing up plans/building schematics and developing a baseline of workable specifications to get an accurate ballpark of where you would be. Next you would spend a few days working on preliminary selections with Andy or Jenni to allow us to get the most accurate bids possible to write up contracts to use for financing. In most cases, you’ll then obtain financing for the home using the plans. When the loan is secured, building begins: the foundation, framing, plumbing, electrical, HVAC, finishing, and so on, punctuated at certain intervals by inspections.

How Long Does It Take to Build a New Home?

We at Med City Builders work efficiently, and in many cases, we finish a house within four months depending on the size and complexity. This is especially desirable for construction loans in which lenders impose time limits for building. The new home construction building process is always limited by certain variables like weather, but our home-building process timeline is remarkably consistent due to the schedule we built and create to make that happen.

How to Start the Process of Building a Home

The custom home building process begins with a consultation with Med City Builders of Rochester. In this consultation, we’ll figure out what your hopes are, whether you’ll need to sell an existing home, what your budget looks like, and what your options for financing are.

How Do You Finance Building a New Home?

The process of building a home is typically financed through a construction loan. Construction loans are similar to mortgages, except you and your lender are more involved in the building process. You will need to submit building plans, sworn construction statement, specifications, along with the construction schedule to the lender, who will provide money at predetermined intervals corresponding with phases of construction.

If you have chosen a stand-alone construction loan, the remainder of the loan will be repackaged as a mortgage after the end of construction. A construction-to-permanent loan, on the other hand, will automatically transition to a payment plan resembling a normal mortgage of 15 or 30 years’ length.

Med City Builders also offers construction financing for clients as well during the building process to transition to client financing at the end with a standard mortgage.

Typically the least expensive option is a 1-time close, which also gives you more control over the process.

Should You Have a Realtor When Building a New Home?

We recommend a buyer to have a Realtor when building a new home. Realtors are obligated to secure the best deal possible for their clients and are overseen by the MN Association of Realtors and MN Commerce Department. With Property Brokers of MN, Andy Cummings of Med City Builders is a licensed Realtor and can help with all parts of the process.