Instant
Equity
There are many factors associated with the realized equity in your home upon completion. Here are a few examples of how the
equity perceived can be maintained:
The elimination of the general contractor can save you as much as 15% to 25% or more on the cost of your
home. It is very important, and ultimately up to you, how much equity is realized upon the completion of your new home. Your equity position upon
the completion of the construction of your home will be the down-payment on your permanent mortgage. (Also known as a take-out loan.)
Our program allows you to perform some work on your home yourself. If
you do not feel confident in any tasks, it is always best to have a professional do it.
Perhaps you have a relative or a friend that's in the building industry and will perform some work on your home at a discount. For example, if a painter's
bid is $4000, and you paint yourself (commonly know as sweat equity), that money becomes realized equity in your home. It lowers the cost to build
which can result in lower mortgage payments and interest!
Additionally, you will have the opportunity to shop for materials and find the best prices on cabinetry, floor coverings,
plumbing and lighting fixtures, just to name a few, without incurring the builder's mark-up cost.
JUST LIKE YOU WANT IT AND
YOU'RE IN CONTROL.
FOR EXAMPLE:
The cost to build your home is $185,000 The appraised value (or builders sale price) of your completed home
is $230,000...That's $45,000 in realized equity!
Plus,
PAY NO REAL ESTATE COMMISSION
and, with sufficient equity, PAY
NO PMI (PRIVATE MORTGAGE INSURANCE), or discounted insurance saving you thousands on ownership cost on your new home!
