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Build a Home Series: Finally Closed and Pics

Welcome to my Build a Home Series! These posts are to document the process of having our home built by a local builder in an existing subdivision.  So our house was completed October 1st and our closing was supposed to be October 4th…but that didn’t happen.  In fact, October 4th didn’t happen, October 5th didn’t happen, and my lender was still screwing around the morning of October 8th.  Despite all of this, we did finally close at 2pm last Monday. The Builder Now that it is all over, I will release the names of all of the parties involved.  First, Travis Homes is actually my home builder and even according to our inspector, they build an excellent house.  No cut corners, although that did push back our closing a month later than expected.  But overall, we had a relatively great experience with Travis Homes and our specific rep, Travis (yep, that is really his name and he doesn’t even own the company…).  In fact, I would highly recommend their homes to anybody, but if you are building from the ground up with any builder, remember that you will have to be patient.  Period.  Questions, manufacturers of things like windows, and even … Read more…

Build a Home Series: Closing Delayed…Again

Just a quick update.  We were supposed to close yesterday on our new home.  Didn’t happen.  Were supposed to close today instead.  Didn’t happen.  We’ll supposedly be closing now on Monday at 2pm but won’t get our keys until funding goes through Tuesday morning.  Is Columbus Day even a real holiday? Anyway, I am way too stressed right now to give a play by play, but I am sure I’ll have a ton to say next week…especially if we get delayed again… Thanks for all of your notes of support!  And thanks for reading BFS!

Build a Home Series – Looks Like a Home! Almost There!

Welcome to my Build a Home Series! These posts are to document the process of having our home built by a local builder in an existing subdivision. The update last week showed lots of new stuff like tile and a new door.  This week, I have more pictures for you – it’s 99% done!!!  Just needs a few more things and a good clean! Update So we are now in the middle of Week 24 and we close a week from today!!!  1 week to go!!!  They spent the last week adding fixtures, painting, finishing all of the floors, adding counter tops, fencing in the back yard, and adding the front yard stuff.  Take a look!   Issues Being Resolved Well, first an update from last week, we ended up using the builder’s title company, but my lender is covering their actual title cost and they are waiving $379 in the extra fees.  So, it worked out the same as it would have with my lender’s title company.  Yay!  AND better news – our house is definitely taxed this year as unimproved land, so those $2100 of taxes in the closing costs just jumped down to less than $150!!!  WHOO-HOO!!!  Our … Read more…

Closing Costs for a New Home – Here is Your Arm and Leg…

Buying a new house is so hard to budget for! There are all sorts of unexpected and hidden fees in the process. I'm planning on buying a new home and having this list of what to expect to pay in closing costs is perfect for figuring out our budget and if we can afford our new house. Repinning this one for later!

Since the new closing date of October 4, 2012 seems to be an actual, realistic day, I’ve been going over all our numbers to make sure we are really on target for the move.  I’ll take some more pictures to post for you on Thursday as they finish up all of the big stuff (yay!!!), but in the meantime, here is where we are standing before closing on our new home: New Home Numbers Closing is going to be expensive.  The builder offered us 3% of the final home price to put towards closing costs or the price of the house as we saw fit, so we took 1% off the total price of the home and sent 2% to the closing costs to help us out a bit.  So the final price of our new home will be about $260,000.  Our loan amount will be about $208,000.  Here are how the closing costs are breaking down: 20% down payment – $52,000 Loan Fees from the Lender – $2180 Loan Fees from the Title Company and Builder ($410 might be waived) – $3830 Prepaid October Interest – $635 Homeowner’s Insurance for one year – $1122 Property Taxes for the rest of … Read more…

Build a Home Series – Getting Closer and Title Frustrations

Welcome to my Build a Home Series! These posts are to document the process of having our home built by a local builder in an existing subdivision. The update last week showed the new brick, our interior paint, and the start of our tile work.  This week, I have more pictures for you and I am venting about title policy craziness. Update So we are now in the middle of Week 23 of getting a home built and we only have about 2 weeks to go (supposedly).  This is where finishing work is done and paperwork is wrapped up.  All of the brick is done, the tile inside is done, and they have been adding fixtures.  PLUS, the front door has been added AND the library shelves have been built!  It is changing by leaps and bounds every few days now.  Take a look! Issues Being Resolved We are still waiting for the dining room door to the kitchen to be switched to an archway.  We also had to point out that there should be picture frame trim all along the back wall of the dining room too.  There is still a nicked wire to be replaced and a small drywall repair … Read more…

Build a Home Series – Brick, Tile, and Oops

Welcome to my Build a Home Series! These posts are to document the process of having our home built by a local builder in an existing subdivision.  The update last week showed them bricking our house.  This week, that is 99% done.  They’ve also painted inside and have started to lay tile! Update So we are now in the middle of Week 22 of getting a home built and we only have about 2-3 weeks to go (supposedly).  They bricked the entire outside now except for the floor of the front porch.  They also painted the main color inside and have started to lay tile. Here are some updated photos:   Issues Updates The issues being handled right now include a nicked wire in the family room, a dry wall repair at the top of the stairs, and a big problem they have promised to fix.  They put a door from the dining room going to the kitchen instead of an archway.  It would make it really difficult to carry hot food from the oven to the table when you have a door in your way.  Especially since that door can bounce off the pantry doors if they are open and … Read more…

Build a Home Series – Quick Update

Hey everybody!  I am heading out to Denver tomorrow for the rest of the week for the Financial Blogger Conference 2012!  I’ll make sure to write up a complete rundown about the whole thing next week (just like I did last year).  In the meantime, some great guest posters are in this week as well as a Reader Profile for Friday as usual.While I’m out, our house will keep getting worked on and Mr. BFS will be monitoring that and the business.  😀  It is nice to have backup.  🙂 House Update They started the brick at the end of last week and lots of stuff is happening inside too.  Here are some quick updated pictures from Monday.  I bet the ones next week will be amazing comparably, lol.  But I am glad to see a house really starting to get fleshed out.       Look forward to getting back on here next week!!!  Hope you all have a fantastic week!!!