This new construction financial roadmap provides you with an easy overview of the new home construction process. The roadmap follows the steps to build a new construction home by concentrating on the most important financial commitments along the way. Use this roadmap as your guide if you are planning on building a production, semi-custom, or custom home.
New Construction Financial Payments Roadmap
My husband and I are not real estate agents or financial advisors. We are two people who were looking for a way to understand what financial commitments we would have to make to build our new home. To get this information, we asked a lot of questions, read a lot of documents, and learned some things after we were already in the building process.
We were looking for a document that would show us the whole building process from start to finish and describe what payments we would need to make. We also wanted a document that would indicate which financial commitments applied to semi-custom home building and which ones applied to custom home building. So we created this building process financial roadmap to visually represent the steps and financial commitments in one document.
You can find the definitions of most of these terms in our article 17 New Home Construction Terms You Need to Know. Watch our video if you would like to see an engaging visual presentation and explanation of the terms in the new home construction financial roadmap.
Roadmap Visual Key
Red words apply to the Custom Home Building Process
Aqua words apply to the Semi-Custom (and production) Home Building Process
The terms in White apply to Both Processes
The Yellow words are additional things to be aware of and consider.
