New Home Construction Washington State

Did you know that having a new house built can save you up to 15% off the price of buying an existing home? So, before investing hundreds of thousands of dollars in new home construction in Washington state, it’s smart to understand the ins and outs of the home-buying process.

Continue reading to learn about the pros and cons of a new home build, and the research you should put into about the location of your new home, the lender you use, and the Washington new home building contractor you choose to work with.

Research the Communities You Might Want to Live In

Of course, where you choose to have a new home built in Washington is very important. You need to put in some time doing research about possible locations that you would be happy to live in for many years. That means it’s important to learn about details including:

  • How far will you have to travel back and forth for work?
  • Where are the schools located and what is the school district’s reputation?
  • Are there ample grocery stores, shopping centers, and restaurants nearby?
  • Is the location close to fitness centers, theaters, swimming pools, and parks?

It’s also important to learn about the geopolitical climate in a location you’re considering having a new home built, as well as how much the property taxes will be each year. Also, delve into the city’s crime statistics. Is this location projected to be safe well into the future?

New Home Construction in Washington State

Do Business with a Lender Who Understands New Home Construction 

Unless you have the cash, you’re going to need to get a loan for new home construction. It’s important to work with a lender who is familiar with the building process, and who has experience in working with building contractors. Talk to your real estate agent about the best lenders in your area.

Or, begin an online search with the key terms “new home construction loans,” and be sure to throw in the city and state, like Tukwila, Washington, for instance.

New home construction loans differ from traditional mortgages because, instead of one lump-sum payment due at closing, these loans provide multiple short-term draws throughout the building process.

beautiful home construction in Tukwila WA
After the home is built, the loan may be modified into a conventional mortgage, or an entirely new agreement will be forged. Some lenders do not offer this type of service.

Some home builders maintain lists of lenders that they commonly work with. However, you still need to perform due diligence researching any lender that you may do business with. Check to be sure that they have an excellent reputation, offer acceptance rates, and provide superior customer service.

You’ll also want your lender to communicate with you and keep you in the know about how your construction loan works from start to finish. Finally, some home builders offer in-house financing, meaning you do not have to deal with a lending company separately. If the builder you choose to work with offers financing, be sure that you understand all the details of the proposal before agreeing to it like you would with another lender.

Choose an Established, Reputable New Home Construction Company

Of course, the contractor you choose to work with to build your new home in Washington state is crucially important. The fact is that not all building contractors are equal. As with any other profession, there are high-quality and substandard service providers to choose from.

Once you have a short list of potential contractors at hand, research them all. Check their reputations as reported by the Washington Better Business Bureau, or call the state attorney general and inquire whether they have had any complaints filed against them previously.

You can also gain a lot of useful information by searching on Internet entities like Google My Business, Yelp, Angie’s List, Facebook, and Twitter.

And most importantly, you need to get to know any Washington home builder that you’re considering working with on a deeper level than provided by simply checking out the company website. Make a lunch appointment. Take your spouse to meet the contractor.

Sit down. Talk. Feel their energy. Go with your instincts about how this contractor makes you feel. Is this somebody that you can see yourself working with for months on end? Does this contractor instill confidence in you? Go with your vibes. Trust them. That’s what they’re for!

You need to be able to have a serious and honest conversation with your building contractor anytime you feel the need to. Look for someone who welcomes your communication and addresses your building concerns thoroughly without you having to prod and pry too much.

New dream home building project in Tukwila

Trust the Professional New Home Builders at Multi-M Contracting

The friendly experts at Multi-M have more than a quarter of a century’s experience in building custom single-family residential homes, apartment buildings, luxury condominium complexes, warehouses, strip malls, roads, bridges, and much more.

We offer a comprehensive line of optimal-quality construction services, with fully transparent pricing and superior customer service at every turn. Our extensive portfolio includes more than $1.2 billion of meticulously completed construction projects. Contact our Tukwila, WA office today to learn more!

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