Buying a home can be a fun and exciting experience, but finding the right home is only one step in the process. It’s a big financial commitment that involves a lot of paperwork, which is why finding a home loan can be just as important. If you’re not prepared or aren’t organized, you could deal with some frustrating delays. Proper preparation and understanding of how to get a mortgage before you start the process will make sure the process goes more smoothly.
Here are some things you should consider while you’re looking for a mortgage on your new home.
Depending on the lender and the type of loan you choose, your required down payment can be 3-20% of the home’s purchase price. Having a monthly budget will help you set aside enough money for your down payment. Once you have determined what your budget will support, think about automatically depositing the money from your paycheck or bank account to a savings account because it will be easier and more convenient to put money away every month. If you’re not able to come up with a large down payment, you should look into getting an FHA loan (which helps homebuyers who can only make a small down payment).
Having a strong credit profile will put you in a better position to get the best deal on a home loan, so it’s a good idea to get a copy of your credit report before you start the process. You’ll be able to see what your credit profile looks like to a potential lender, so you can take steps to improve certain factors or correct any inaccuracies. You can get one free copy of your credit report every year from each of the three major credit reporting agencies by going to www.annualcreditreport.com.
When you apply for a mortgage, you’ll need to give the lender a number of financial documents because it will make the loan application process go more smoothly. You should at least be prepared to give them your last two pay stubs, your most recent W-2, your tax returns from the last two years, as well as any current bank and brokerage statements.
Mortgage calculators are great tools that can help you understand how much you can afford. They’re easy to use, and they can show you how much your monthly mortgage payment would be under different home prices. They will even allow you to work through different down payment and interest rate scenarios.
Not all mortgages are created equal. Even if loans have the same interest rate, there may be differences in the points and fees that can make one offer more expensive than another. You need to understand all of the things that go into determining the price of a mortgage, because it will allow you to compare different offers. You also want to understand the different parts of mortgage pricing.
This will be one of the biggest factors in determining the cost of your mortgage. They change almost every day, and it can be helpful to know which direction they’re going.
Many real estate agents want you to get pre-qualified for a loan before they will even work with you. It’s a simple process that usually requires some financial information. This will include your income, any amount of savings and investments you have, as well as a credit check. Once you have been pre-qualified, you’ll have a better idea of how much you can borrow and what types of homes you can afford.
Your parents might have had a 30-year fixed-rate loan, while your best friend might have had an adjustable-rate loan. But it doesn’t mean that either loan is right for you. Some people like the predictability of a fixed-rate loan, while others prefer to have a smaller upfront payment that can come with an adjustable-rate loan. Every home buyer has their own unique financial situation, and you need to understand which type of loan will work best for your specific needs.
If you’re looking for one of the best custom home builders in Corpus Christi to help you design your new custom home, be sure to get in touch with Devonshire Custom Homes.
If you’re thinking about buying a home, you should first get your finances in order because you need to make sure that you’re ready. It’s so important that you should look at them well before you’re ready to apply for a mortgage. That way, you’ll have some time to improve your finances and your credit. While many people say that everyone should buy a home, it just isn’t true. If you sign on the proverbial dotted line for a new home when you’re not financially ready, it will turn out to be a curse instead of a blessing. The house will own you instead of the other way around. But if you’re financially ready to purchase a home, it can be a wonderful and rewarding experience for you and your family.
You’re ready to buy a new home if the following are true:
If you’re looking for one of the best home builders in Corpus Christi, be sure to get in touch with Devonshire Custom Homes.
If you have built a custom home in the past, you know that location is everything when it comes to the construction process. It sounds simple, but it can affect every part of the decision-making process. If you take the time to find the right place for your custom home, you can reduce your land and purchase expenses by a significant amount. It can also make the building process easier, because you may have to deal with fewer regulations. It can even help you to sell your home at a higher value later on.
While the decision about where to build your custom home can seem overwhelming, following some simple steps can help you to find the right place. You most likely have an answer in your head already, but you need to decide whether you want to be in a city, suburb, or rural area. You also need to think about what kind of lifestyle you want to have. If you want to raise your own chickens and don’t like closing your blinds, an urban setting might not be the best choice.
You may not think about it while you’re looking for the right location, but it’s a good idea to think about what kind of amenities you want. If you have children or plan to have them, you should think about how close the schools are and whether they’re of good quality. How close are you to work, and do you have access to other facilities (such as transportation stations, shops, and hospitals)?
Make a list of the people you want living nearby and whether you want close neighbors. What kind of people are living in each neighborhood, and what are the locals like? Getting answers to these questions can help you to determine if you’re building your home in a good area. You also want to think about how close you are to friends and family. Some people don’t want to build a house within 50 miles of their extended family members. And while it is a personal decision, it’s something you should take into consideration.
This is one part of the decision-making process that you have less control over, and it’s something you may not have thought too much about. It does, however, affect the overall cost of building your custom home. The slope of your property can cause a significant increase in the cost of construction. A house that’s built on a steep ridge will cost a lot more to build than one that sits on a flat lot. Things like extra time, building materials, and risk are all things that contractors will consider.
There are a number of other factors that will cause the price to go up. Some of them include the following:
If you’re looking for one of the best custom home builders in Corpus Christi, be sure to get in touch with Devonshire Custom Homes.
You might be ready to have that perfect home with all the space you need and in the style you want, but you might be wondering how planning a custom home budget actually works. Taking the time to figure out what you’re looking for and how much you want to spend on it is an important step in starting a home building project. A budget will allow you to determine what you can realistically accomplish in your custom build. It will also have an impact on what type of land you build it on, how big you can really go, and the quality of materials you can use.
Once you have an idea of what you want to build and have put together a rough estimate of the design and building costs, it’s a good idea to start the process of applying for a construction loan. All you want to do at this point is to get pre-approved, because it will determine if you have the money to build the house you want.
If the construction loan pre-approval amount is lower than you expected, you may want to think about a production home in a developed area or design a different custom home. You don’t want to spend too much more than what you’re pre-approved for (unless you plan to pay for any extra costs with cash out of your own pocket).
Once you have a rough idea of what it’s going to cost (most home builders and contractors will give you a rough range in cost per square foot), you need to take that number and start to build out your budget breakdown. And there are some costs you need to consider as you put together a custom home budget. Some of them include the following:
If you’re looking for one of the best custom home builders in Corpus Christi, be sure to get in touch with Devonshire Custom Homes. We would be happy to speak with you about your specific needs!
While the last few years haven’t been the best times for large gatherings, the season of entertaining is well upon us. That’s why custom bars are being built in a lot of homes. It’s the perfect solution for a small family kitchen, because it takes up much less space than a table and chairs. It can also double as an area for preparing and presenting food, but the best place to install one will depend on the shape and layout of your home.
Here are some great custom bar ideas that you can add to this part of your home.
Having a dedicated area for serving drinks will be more complete with an island that resembles the look of a cocktail bar because it represents the epitome of luxury when it comes to entertaining. It’s a great focal point around which guests can gather, especially if it has a curved shape. It’s also a great area for you to show off your ability to make cocktails and serve drinks — all while keeping the back part of the bar free for doing prep work. It can even be a useful area for drink fridges and ice makers, which will be out of site but close enough for easy access.
Having a small bar with an eye-catching design will look much more exciting than fireplace alcoves and bookshelves. With some magazines, you can make a small space stand out even more. You can have a lot of fun decorating a home bar with a playful design.
Using the space under the stairs can make your bar area more stylish. It can also be more rewarding than filling it with coats and shoes. Your guests will appreciate it more, especially during party season. You can follow the rise of your staircase to gain as much height as possible. You should also think about adding a contrasting timber or color to separate it from the rest of the staircase. Adding a small amount of brass or any other reflective surface can make the space stand out even more, and it will turn that awkward space into one that can be more easily enjoyed.
You can make an open-plan kitchen even more sociable by adding a built-in bar between your cooking and living areas. If it’s inside an island unit or peninsula, a well-appointed bar can draw guests away from the business end of your kitchen while making sure the conversation flows. Whether it’s below the counter with open shelving and a wine fridge, or has cabinets above the counter to show off your collection, an island or peninsula is a great place to add a custom bar.
If your home bar doesn’t have easy access to the kitchen sink, you should think about adding a tap for boiling water. It’s a lot faster than heating it in a kettle, and it’s more energy efficient. It will also make it easier to serve hot beverages. You can even add a tap that can give you cold, sparkling water (which is great for making cocktails and long drinks). It will take some of the pressure off your fridge. While you don’t need a large sink to support a boiling tap, having a small prep sink can be useful for rinsing glassware and getting rid of dregs.
If you want to build a dedicated space for a home bar, you shouldn’t skimp on any of the functional details. You may want to add a wine cabinet, so your favorite spirits are kept at the right temperature. You may also want to add a second one for storing juices and soft drinks, so you can free up space for your kitchen fridge. You should, however, check the volume levels to make sure a running dishwasher doesn’t drown out any conversations.
Having a home bar in your dining room will not only give you a space to host after-dinner parties but will also add more useful places to store your less decorative cookware, as well as your more commonly used tableware and practical accessories. If you paint the joinery in the same color as the walls, you’ll be able to create a sleeker and more minimalistic look that won’t turn the eye away from the rest of the space.
If you’re looking for one of the best custom home builders in Corpus Christi, be sure to reach out to Devonshire Custom Homes.
Game rooms are used for both electronic consoles and old-school games that use dice and boards. They’re also growing in popularity for both homeowners and home renters. If you’re ready to explore some game room ideas, your options are far from limited. But you should design it in a way that fits your personality. You want to find furniture that will cater to the needs of the people who use it the most, but it needs to be both flexible and versatile. Children will outgrow games, and so will you. So, if you leave some room for the space to evolve, it will change with your specific gaming preferences.
Here are some cool ideas that can help you plan your game room.
One of the biggest and most exciting trends in gaming is the rise of affordable virtual reality (VR) consoles, but too many VR gamers have found their immersive experiences disrupted when they run into a wall or hit their shin on the couch. If you’re into VR games, you should either have a dedicated open space or fill your game room with light furniture that’s easy to move. That way, the only limitation you have is the signal range of your goggles.
There’s probably nothing more retro than a full-sized arcade game. There has been a recent spike in retro video game parlors, so it has gotten easier to find vintage arcade game cabinets. But before you start buying these machines, you should think about your room’s size. The bulky nature of these game cabinets (which are taller and wider than most people) will mean that only one of them can dominate a small room. If your space is big enough, there might be a retro arcade game out there waiting to add some old-school charm to your new game room.
Any beverage tastes better when it’s poured fresh from the tap, and the possibilities for a well-designed bar are practically limitless.
Escape room puzzles have become increasingly popular in cities all over the world. A group of strangers are locked inside a room. Inside, there’s a “danger” that could be anything from an actor dressed as a zombie to a model atomic bomb. The group must be able to work together to solve a set of challenges that will test both their brain power and their dexterity — many of which will require some level of teamwork to solve. If you’re able to set up this kind of brain-teaser, you can give your game room a more novel twist. It will also guarantee that visitors will be challenged and entertained.
The perfect game room will have plenty of space for people to jump up and move around. But even if you’re working with a limited amount of square footage, you can create a room that looks more inviting. Anything from light-colored flooring to the creative use of reflective surfaces can make a tight space feel larger than it really is.
You can contrast your high-tech gaming consoles with the vintage look of throw-back lighting. Edison bulbs and old-style chandeliers can give your game room a kind of funky chic that may be irresistible.
Game rooms aren’t just for playing fast-paced video games. They can sometimes be used for a more casual and romantic night in. With a stack of soft blankets and throw pillows on hand, you can turn any game room into a cozier and more laid-back space for dining and low-key fun.
Fill your game room with images of some of your favorite games and activities. And for a lot of people, the 8-bit artwork of games from the 1980’s and 1990’s is both nostalgic and heartwarming. There are a number of artists who create paintings and graphics that are based on that pixelated style, and these images are available on everything from wall hangings to throw-pillows.
You can give your game room a more unique feel with a brick or stone facade, which weighs a lot less than the real thing. Because it’s easier to install, you can give your game room the look and texture of exposed brick at a much lower cost. It’s also perfect if you’re looking for game room ideas that will make the space look like a traditional brick home.
If you’re looking for one of the best custom home builders in Corpus Christi, be sure to get in touch with Devonshire Custom Homes.
The location of the master bedroom is one of the biggest deciding factors for people who are thinking about buying or building a home. There are a variety of options, which gives homeowners a lot to think about. For many people, the master bedroom is a sanctuary where they spend a third of their day. So, location is important.
Your final decision might be influenced by the shape of your homesite and how it relates to your floor plan. You may end up giving up some backyard space by building your master bedroom on the first floor. If you want enough outdoor space that you can use for entertaining guests, a swimming pool, or other exterior structures, it may make more sense to build a second-floor suite. But long-term thinking might motivate you to build it on the first floor, which can be perfect for empty nesters.
Having the master bedroom on the first floor can be extremely convenient, because it can give you the benefit of single-floor living. If you still have kids at home or have a lot of overnight guests, having your master bedroom on the first floor can be an attractive option. You can be locked away inside your own bedroom suite without hearing slamming doors, loud music, or arguments about who uses the bathroom first.
While moving to a warmer climate may be the dream of some retirees, a lot of people are choosing to retire-in-place. According to the AARP, 87% of people who are 65 and older want to stay in their current homes. When you put your master bedroom on the first floor, your home won’t need as many “costly modifications” for when you have mobility issues.
First-floor bedrooms are great for people who want to stay in their homes over the long term, because it can make your space more accessible for people who want to stay in their homes as they age. Families with small children and older adults who have trouble with stairs can also benefit from this type of floor plan.
First-floor master bedrooms can increase your home’s resale value and can even lower your utility bills. If no one is using the second-floor bedrooms, you might be able to get away with minimal heating and cooling for that entire part of your home. But despite their advantages, first floor master bedrooms have their drawbacks. They can be noisy, especially if it’s too close to the gathering room or kitchen. If it faces the front of the house, traffic noise and headlights may disturb your sleep.
Depending on your floor plan, adding a master bedroom on the first floor may not make a lot of sense. This is especially true if it requires you to build out and expand your home’s overall footprint. Your yard may be too small for a master bedroom on the first floor, or you may have children and don’t want to reduce the size of the outdoor play area.
If you’re a light sleeper, it can make sense to have the master bedroom away from the heart of your home. If you have it on the second floor, you’re less likely to be bothered by noise in the living room or kitchen. Even though it’s on the same floor as the other bedrooms, you can still have some privacy by having it at one end of the hall. You can also get a better view if you have your master bedroom on the second floor. Second-story master bedrooms are great for growing families who need extra space in lots that aren’t large enough for a first-floor suite.
There are some drawbacks to having a second-floor master bedroom. Unless you live in a 15-bedroom mansion, you’re most likely going to get some noise coming from the other bedrooms. While climbing stairs may not be a problem now, you might not be able to get to your bedroom if you break your leg or have mobility issues as you get older.
Adding a master bedroom to the second floor will require may require modification to your current design plans. Your main-level floor may also need some structural reinforcement to support the second level, which could make it more costly. Not to mention the disruption it will have on your current living space during the construction process.
If you’re looking for one of the best custom home builders in Corpus Christi to help you create the perfect master bedroom, be sure to reach out to Devonshire Custom Homes.
If you want to build a new home, you should shop for builders as carefully as you would for a home that has already been built. Whether you’re buying a condo, a townhome, a house in a subdivision, or a custom-built home, you want to know that you’re getting a quality home from a reputable builder. But choosing from a list of custom home builders can be difficult. Texas has no licensing or “watchdog agency” that consumers can turn to if building their dream home turns into a nightmare. There’s nothing that can prevent builders from engaging in bad behavior, and these kinds of stories come up all too often. That’s why you need to be careful about who you hire to build your custom home.
Here are some tips on how you can find the right custom home builder for your project.
You should get preapproved for a construction mortgage before you even start the process, because it will confirm your budget and financial credibility to builders and real estate agents.
Make a decision on what type of home you want, what you need to have in it, and how much you want to spend. Most builders “specialize” to some degree, and they may be able to build within a certain price range or type of home. Whether you’re a first-time home buyer, a move-up, an empty-nester, or just want to build a custom home of your dreams, you should look for a home builder that will meet your specific needs.
You want to compare custom home builders and what they can offer you, so you should be as clear as possible about what you want from them. You may want hardwood floors or an all-season sunroom. But if you don’t mention that to prospective builders, they may not be able to give you the information you need.
You should find out how long each company has been in business and how long its principals have been building homes. You want to hire a seasoned professional, so don’t be afraid to ask them what kind of work they have done in the past.
If you’re planning to build in a community, be sure to ask your neighbors some questions. Ask them if they’re satisfied with their home and if they would build another one with the same company. You should also ask them if they would recommend that builder to a friend or relative and if they were satisfied with the company’s service. Did they communicate effectively? If there was an issue, did they respond in a reasonable amount of time? If you’re building on a scattered lot, ask the builder for references from previous homebuyers.
Every product you buy comes with some type of warranty. Because it’s your largest investment, the same is true for your custom home. Having a long-term warranty that’s more than just a promise from the builder to perform will make sure that any problems will be taken care of, even if the builder has gone out of business.
After you have come up with a list of custom home builders by going through all the necessary steps, you should take the time to look at their model homes. If it’s possible, you should look at any homes they have under construction. Pay attention to the quality of the workmanship and the materials they’re using. Do they use products from quality brands? Are the design features attractive, and do they use floor plans that are suitable for your lifestyle? Look at whether they pay attention to detail and if the people they work with are professional, experienced, knowledgeable, and courteous. You also want to look for any “red flags” (such as safety issues) at the job site.
Lenders, real estate agents, builder material suppliers, builders associations, and code inspectors will be able to give you a unique but helpful perspective on custom home builders in your area, so you should ask them what they believe to be the top three or five local builders and why. You might be able to see a pattern, and you can use that list as a starting point for your research.
If you’re looking for one of the best custom home builders in Corpus Christi, be sure to get in touch with Devonshire Custom Homes.
Your home is more than just a structure that has been built with flooring, four walls, and a roof. It’s made out of a collection of complex machines, appliances, and systems — all of which need energy to work. As technology continues to advance and people become more aware of the need to conserve energy (both to cut their bills and to protect the environment) homeowners are better able to reduce their dependence on grid-supplied energy than they have in the past.
An energy-efficient home will give you all the comfort and utility that homeowners wants while using the least amount of energy. A modern American home will use energy for the following areas:
There are many elements that go into making your home more energy efficient, but these are some of the primary examples.
If you’re a homeowner, today couldn’t be a better time to cut your energy usage. You can start by making an assessment of your current and future energy needs. You also want to make sure all the elements of your home can operate in the most efficient manner possible.
Here are some things that you should consider adding to your custom home design:
Your home is more than just any building. It’s a place where you can get away from all of life’s pressures. It’s also a place where you can make lasting memories with your family. Because you will spend so much time in your home to relax with your loved ones, entertain friends, and enjoy various hobbies, it must be able to accommodate your specific needs (all while reflecting your personal style).
When the time is right to build your “forever home,” one of the first and most important decisions you will have to make is whether to purchase an existing property or build your own custom home. While both have their pros and cons, here are some of the benefits of coming up with your own custom home design.
Building a custom home is all about the ability to make choices. You will have the freedom to pick everything you want (including appliances, wall and floor coverings, trim designs, cabinetry, as well various amenities). If you prefer hand-painted art deco tiling instead of granite for your kitchen counters, you can have it. If you want to have a lot of natural light, you can install skylights in every room. You’re in charge of everything that goes into your new home, right down to the finest detail.
Everything in your custom home (including your floor plan) is built around you. Instead of working with a pre-existing floor plan or the limited options of a semi-custom home, you can tailor every inch of usable space to meet your specific needs. You’ll be able to eliminate any unused space, so you can adapt your home to meet your needs and lifestyle. Whether you prefer an open floor plan or want each room to be clearly defined, you can make it any way you want it. You can put a spiral staircase in the middle of a room, or you can build a customized wall of bookcases for your own private library (neither of which will be possible with a pre-built or semi-custom home.
A custom home design can be a direct reflection of your personal style, tastes, and personality. If you work with an architect or interior designer, you’ll be able to create a home that will become your “dream home.” If you’re an art collector, your home can include gallery-style walls with specialized lighting so you can showcase your most prized pieces.
If you like to enjoy a cup of coffee outdoors before you start your day, you can build a terrace coming off your kitchen or even your bedroom. Whether you like Mid-Century Modern, Greek Revival, Ranch, or Contemporary, your custom home can include whatever your heart desires.
Whether you want to build your home in an active community or prefer the seclusion of a wooded lot, you can find the perfect spot. You can even design your home for the most amount of privacy or to take advantage of an amazing view.
If you buy a pre-existing property or a semi-custom home, you don’t have a lot of control over the quality of the materials being used. The grade of the materials will vary from room to room and will include prefabricated materials that are lower quality, but a good custom builder will work with trusted tradesmen who will do quality work and use quality materials. With a custom home design, you will know it has been built with the best products, materials, and brands.
You may think that building a custom home is more expensive than a pre-existing or semi-custom home, but that isn’t always the case. It’s only more expensive if you want it to be, because you have complete control over how it’s built and the amount you’re willing to spend. Different features and materials will have a variety of price points, and the same is true for everything else that goes into a custom home design. When you work with a custom home builder, your budget is always taken into consideration — from when you start the design process to the day you move in.
When it comes to building a custom home, it’s important to work with someone you trust. If you’re looking for one of the best custom home builders in Corpus Christi, be sure to get in touch with Devonshire Custom Homes. We would be happy to speak with you about your specific needs!
You Dream It, We'll Design it, and We'll build it!