Custom Home Building Process
The first step to acheiving you dream home is finding the right piece of property. If you do not already own a property for your new custom home, we can assist you in locating and purchasing the property that is right for you through our afflilate company Barton Springs Realty. Properties for custom homes are purchased and owned by our clients prior to the beginning of construction.
We strongly advise selecting a building site prior to beginning any work on architectural drawings so that the design of the home may "flow with the property." This will allow the architectural designer the opportunity to consider items such as topography of the land, available views, natural lighting, utility locations and vehicle access while designing the home.
Once the location of your new home has been determined, we are able to assist you with the architectural design process. If you have an architectural designer that you would like to use or already have a set of completed drawings, we will proceed to work with the architectural firm of your choice. If you do not already have an architectural designer selected, we can provide you with several recommendations of firms that we have worked with in the past.
Once you have selected an architectural designer, you will enter into a separate agreement with the architectural firm to provide you with a set of plans for your home. This means these plans are yours and your house will remain one of a kind! Signature Homes provides consultation at no charge and will you assist you through every step of designing your new home.
Signature Homes operates using a cost plus agreement, charging a percentage of the cost of construction as gross income for project managment. Changes from the plans during construction are also done on a cost plus basis with no additional fees or change orders, allowing the homeowner flexibility during the building process. Signature Homes provides homeowners with regular updates of expenditures and copies of invoices for work completed throughout the project. This allows you to know you are getting exactly what you paid for unlike a fixed cost agreement which may leave you guessing what it really cost to build your home.
The construction of a custom home may be financed on a cash basis or through a third party lender. In either case, the builder submits a draw request about once a month for work in progress and is reimbursed directly by the homeowner in a cash transaction or by the lender if there is third party financing involved.
Once the plans are completed and permited it is time to start building your new home. Signature Homes provides regular progress and budget updates to keep the homeowner constantly informed and ensure that the project is meeting timelines. Walk throughs with homeowners are performed reguarly to assure quality and to assist with on going design.
Interior design professionals can be helpful in assisting the homeowner by simplifying the design selection process. Some clients may prefer to involve an interior designer in many of the design decisions, while others prefer to make all or most design decisions without consultation. Signature Homes is happy to work with a designer of your choosing or can provide recommendations of designers we have collaborated with in the past.