Planning
 
When you decide you're ready to build your dream home, you're overwhelmed with questions. How much can I afford? What will it cost? Who will help me design my home? What permits are required? How will I find financing?

Good planning is key
to homebuilding.

 

During the Planning Phase, NB Homebuilders helps you answer these questions and many others. One of the most important steps is determining exactly what you can afford.

We identify lenders who are familiar and comfortable with construction financing and will facilitate a pre-qualification process that lets you know exactly what is possible. We can introduce you to architects or designers who can convert your ideas into finished plans. The final step is the preparation of a budget describing in detail the estimated cost of making your dream home a reality.
 
Financing

In the planning stage you were pre-qualified. In the Financing Phase you actually obtain a construction loan and a mortgage take-out commitment. In other words, you secure all the financing you need to complete and occupy your home.
We have already helped you find a lender.

 Your financing package describes your home, its final appraised value, the site acquisition and construction budget, and your proposed financing terms. Within a few days you should have your construction loan in place and an approval letter from a mortgage company. Now you can start your project with the comforting knowledge that the money is there to complete your new home.
We help you prepare a financing package.

Provisioning
Contracts and Purchase Orders.
During this phase, we convert your budget into a series of contracts and purchase orders. We identify pre-qualified sub-contractors from whom we solicit bids to complete various aspects of construction such as foundation, framing, roofing, sheetrock, cabinets, etc.
 
We help you evaluate the bids and select the appropriate sub-contractor, as well as negotiate and document the many non-monetary aspects of the bid such as payment terms, completion schedules and lien waivers. We also help you select and acquire important materials, fixtures and appliances for your new home, all within your budget. In many cases we will be able to obtain discounts that may not be available to you as an individual but that are available to NB Homebuilders due to its existing relationships. As a final step we evaluate your actual cost compared to your budget so that you can know in advance of any shortfalls or surpluses.