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August 2016

The Third Annual Grilled Cheese Fest

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Grilled Cheese

Don’t miss the Grilled Cheese Fest!

This Saturday, August 27, is the 3rd Annual Grilled Cheese Fest in Portland, Oregon! Proceeds from the Grilled Cheese Fest will benefit the Portland Women’s Crisis Line; you don’t want to miss out on this fun, delicious charity event: http://eastburn.pagecloud.com/grilledcheesefest2016. Dreaming of building a home near Portland, Oregon? We at True Built Home can help that dream become a reality: http://truebuilthome.com/.

The Benton Franklin Fair & Rodeo

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Rodeo

Plan your trip to the Benton Franklin Fair & Rodeo today!

This Monday, August 23, marks the beginning of the Benton Franklin Fair & Rodeo, otherwise known as The Best Week of Summer! Don’t miss out on this week of fun: http://www.bentonfranklinfair.com/. Visit Benton Franklin and the Tri-Cities area, and you’ll know why so many people never leave. Visit us today at True Built Home to see how we can help you build your own dream home in Southern Washington: http://truebuilthome.com/.

How Builder Make New Homes More Spacious, Inside and Out

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New Home Builder

To the modern American family, space is a valuable commodity. Homes built today are, on average, much more spacious than those built in years past. Builders today use a combination of techniques to give homeowners new space and to make every room feel even larger than it is.

One of the simplest ways to add space to a home is to build a second or even third floor. Though some homeowners prefer sprawling, one-story ramblers, the most cost effective way to build a large home is to build up, not out. This avoids the extra cost of a large plot of land.

Building multiple story homes also allows for the use of high ceilings and grand staircases, both of which give the home a feeling of grandeur. Entry halls and living rooms are very commonly given double-height ceilings, as this cements the spaciousness of a home from the moment you walk in the door.

When it comes to making a large room feel even larger than it is, lighting is key. A dark room will be filled with shadows that visually shrink the room, while proper, natural white light will expand it. Well placed windows and top-quality lighting fixtures work together to liven rooms up and give the sense of extra space.

Even something as simple as an open floor plan can expand the space in a given area. Why cut the kitchen off from the rest of the house, for example, when opening that up will not only create more space, but will allow hosts to remain more social during parties and get-togethers.

For more information on how newer homes are built to be more spacious, visit this article from New Home Source: https://www.newhomesource.com/resourcecenter/articles/how-builders-make-new-homes-more-spacious.

The only way to ensure that your home has enough space to accommodate your modern lifestyle is to have it built to your liking. At True Built Home, we work with you to build a dream home that is both spacious and comfortable. If you are looking to build a home in the Pacific Northwest, visit True Built Home to see how we can help: http://truebuilthome.com/.

Tips for Anyone Building a New Construction Home

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tbh_August_11_fbFor many people, the dream of building a new construction home from scratch is never fulfilled because it seems like such a daunting task. The reality of the situation, however, is that building a home can be quick, easy, and very rewarding, as long as you keep these tips in mind.

  1. Think through every factor before purchasing your land:

When investing in a homesite, you want to carefully consider every detail of the location before buying. What are the surrounding homes’ values compared to the one you plan to build, what are your potential neighbors like, and what is the local school district’s rating? Even if you don’t plan to raise children in the house, knowing the direction the local school district is headed will greatly impact the value of your home. Make sure that you completely understand the property boundaries and local building codes as well, so that you don’t have to redraw your floorplan down the road.

  1. Choose a builder you can really trust:

When building your first home, it is easy to get tricked by lofty promises and fine print. Shop around before you decide on a builder, being sure that you know which features are standard for each, as well as which features will cost you more. Try to find a contractor you are completely comfortable with, as you’re going to be working with that company for an extended amount of time. Before signing any contract, have a professional, third-party attorney read it through and explain the conditions to you.

  1. Budget, budget, budget:

The most important thing to know when building a house is exactly how much you can afford to spend on it. Find what that figure is for you, then reduce it. Your actual costs will almost always exceed what you plan to spend, so make sure you plan to pay less than the maximum that you can afford.

  1. Don’t try to cut corners:

If your budget isn’t as large as you would like it to be, don’t try to solve this by cutting anything you see as unnecessary, or by using lower quality products. It will always cost you more to add to your home post-construction, and low quality features will only increase the cost of maintenance. If you find yourself unable to build your home without cutting corners, the best plan of action may be to wait and save your money until you can afford to build the home the way you want.

For more tips and tricks on building your first new construction home, check out this informative article from Dengarden: https://dengarden.com/misc/new-construction-home-building-tips.

Picking a builder you can trust is crucial to having a smooth building experience. True Built Home is an established, reputable company serving Washington State and the Pacific Northeast since 2007. If you’re looking to build a home in the area, let us help you have the best experience possible: http://truebuilthome.com/.

To-Dos: Your August Home Checklist

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tbh_August_9_fbKeep your home in check this August.

It’s August! Have you reorganized your closets, dusted the ceiling fans, or tested your smoke detector yet? If not, now’s the perfect time to do these simple tasks and more. Read through this August home checklist from Houzz and see what your home needs this August: http://www.houzz.com/ideabooks/49988768/list/to-dos-your-august-home-checklist. Tasks like these are much easier, and much more enjoyable, in a home custom built for your needs. See how we at True Built Home can make your dream home a reality at: http://truebuilthome.com/.

2nd Annual Luau and Silent Auction

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tbh_August_4_g+Enjoy a fun and relaxing evening for a good cause.

For the second year running, the LiveLikeLara movement is hosting a luau and silent auction at the Saranac Public House in Spokane, Washington. All proceeds go to the Big Brothers/Big Sisters of the Inland Northwest and the Second Harvest Food Bank. Reserve your spot at the luau now!

Spokane, Washington, is known for its hospitality and neighborly care. If you’re looking to build your own home and join this wonderful community, we at True Built Home can help: http://truebuilthome.com/.

The Appraisal Process

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In the residential construction home business, one of the more trickier things to make sure sufficient funds are available for your project is the appraisal. Essentially, once a client orders their home and your custom home plans have been drawn up, we send the contract along with the blue prints to the lender. Of course the lender needs to place a value on the structure and the only way to do that is to get an appraiser to determine its value. This cost is passed along to you the client and it typically runs around $450-600. Depending on how busy things are in the real-estate world, appraisals can take up to 3 weeks.

Appraisers use a software program where values are placed on such things as square footage, sizes of garage space, quality of products, such as granite or Formica. Where you build is perhaps the largest contributing factor because they will pull values from other homes in the area that recently sold or were constructed. View lots, homes on acreage, existing structures, all play a role in determining worth of the project.

After the appraisal is completed, the lender will set in motion what is referred to in the business as “funding the project”. If the value of the project, cost of construction or acquisition cost is more than the appraised value, the client(s) will have to bring “money to the table” to cover the difference. If your appraised value is more than the acquisition cost, depending on how long you have owned the land, a down payment will be determined to fund the loan. Most construction loan programs that banks use take into consideration the length that you have been on title with the land; if over a year, known in the business as “seasoning”, you can obtain 100% financing. You will have to confirm of course if your lender offers this. If, though, you are negotiating on land, then banks offer different programs that will require as little down as 5% up to 20%. For the most part, rates are similar, but “closing cost” can often be different. Closing cost is margin that in essence means the cost of doing the business of getting the loan in place. Say a bank says they have a 3% closing cost. If your loan is $300,000 then it would equate to roughly $9,000 dollars. That money can be for the loan agent, but mostly it’s what the bank is making off the sale of the money it uses to loan to you. A strong word of caution here: when they say 3%, it does not always mean 3%. They still have junk fees. A junk fee might be “courier service”, “Administrative Services”, “Pen Use”… Not to be funny, but when you read some of the fees, you might want to chuckle to keep from crying. We did mention 3% closing cost but others can be 2% and some higher if your credit worthiness and or FICO scores are difficult. You might be able to negotiate some of the junk fees, but I have found it almost impossible to negotiate the closing cost fee unless it is for a large sum of money. At this point it’s time for a review:

Let’s reflect on what we have learned

  • Select a builder to build your home (True Built Home should be your logical choice)
  • Select the home you want
  • Order your home-processing payment from $2500-3500 will be required
  • Get your custom plans completed by our excellent design team-depending on work load and any changes you make it can take up to 2 weeks
  • At this point we can send the blueprints to the lender along with on the other important paper work for appraisal, 1-2 weeks. We also send the plans out to get engineering if needed-1-2 weeks
  • Once appraisal has been completed, the lender normally collects all the bids and estimates for the project and “runs” the numbers
  • Once engineering is done and all the financials look good, client submits for building permit
  • Once the permit is completed-4-6 weeks for most counties/city, you’ll want to call your local True Built Home Branch and request your pre-con meeting
  • You’ll want to bring all county/city paper work, along with your plans stamped from the county/city to the per-con meeting
  • Under normal construction times, we should be able to get a foundation crew to your site within 2 weeks. During especially busy times, it may take longer
  • The pre-con meeting finalizes all selection and any last-minute changes to standard or upgraded items
  • Depending on cost of the project and whether or not you own your land, a down payment maybe require to the lender to fund the project
  • True Built Home is given an escrow number and we verify funds are available. If you are a cash deal, we collect a percentage of the first payment at the pre-con meeting

Granted, all the above things are not “inspired”, it typically flows this way.

One of the fundamental things the owner of True Built Home, Lewis D Mann, wanted when he started the company was to impart as much knowledge about the products he puts in the homes; the process that True Built Home uses to construct their beautiful house and the transparency of the process to you. We hope you find this article informative.

For more information regarding appraisals, you might find this article interesting as well.

If you do happen to come across a dead link, please notify us. Thank you.

 

The Eatonville Arts Festival

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Arts FestivalA celebration of art in Northwest Washington

If you’re interested in exploring the culture of Northwest Washington, there is no better way than through the works of local artists. Visit the Eatonville Arts Festival this weekend, August 5-8, for your chance to see all that Eatonville and the surrounding area has to offer: http://www.eatonvilleartsfestival.com/. Artists are drawn to Northwest Washington for many reasons. If you’re looking to build a home in the area, let us at True Built Home lend a helping hand: http://truebuilthome.com/.