10 Tips for Constructing a New Home in New Lenox and Chicagoland

10 Tips for Constructing a New Home  in New Lenox and Chicagoland ...

     No doubt about it.  The winter we've had in Chicagoland this year has been a long and challenging one.  Mother Nature dumped one more round of snow on us yesterday.     Yet, truth is, Spring isn't that far off.  It will definitely be very welcomed this year ... 

     Last year, and even into this winter, we did find more new construction popping up in the Chicagoland area.  In Will County, a handful of towns saw applications for new housing permits numbering over 100+.  The Village of New Lenox, a  Lincoln-Way Community, was one of them.  Great news for the area.

     The Village of New Lenox has issued 180 new construction permits for this year so far.  (The Village's fiscal year ends April 30th).  Newer changes made in the fee structure paid by Builders and Developers are paying off for the Village and are being given credit for the steady rise in permit applications.  

     So if you're a hopeful new construction Buyer ... or dreaming of building your own home somewhere in the New Lenox area ... what's the first step you should take?

     As with any home buying experience, the first thing you should do is talk to a Mortgage Lender to be Pre-Qualified for Mortgage financing.  By doing this very important first step, you discover exactly how much home you can afford to buy or build.  (For more info regarding Chicagoland new construction Mortgage financing, click HERE.) 

     After your Mortgage financing has been put in place, you should consider and follow these 10 new construction tips below:

     1.  Contact and work with an Agent from the area in which you hope to build and live.  
 
         Yes, you read that right.  An experienced local agent can provide you with a myriad of important info ranging from school systems, to a list of area builders.  They'll help you compare Builders' completion statistics and reputation.  They'll also have info for you on differing area subdivisions,  price, taxes, and much more. 

    2. Thoroughly research the reputation of the Builders provided by your Agent.  Get references and testimonies from their previous customers.  Check with the municipalities in which the Builders have previously built for any financial or construction issues that might have occurred.   

    3.  Consider the potential Re-Sale value of the home you are building.  You never know what the future holds in store.  Plan ahead for possible life changes.

    4.  Once you have narrowed your choice of location to a neighborhood/subdivision, talk to the governing municipalities in which it is located.  See what those  municipalities have in store for that area in the future.  Zoning, parks, schools, taxes, roads, additional future construction in the area, and much more can play a distinct part in the future re-sale of your home/property.  Be educated about the building process and do your homework. 

    5.  Keep a timeline for construction in mind.  Expect and plan for some delays.  Weather and a host of other issues can cause construction to fall behind.  Allowing for delays will lower your overall new construction costs and stress level.

    6.  Prior to signing a Contract to construct:  Work out ALL details.  Making changes or additions to work after a contract is signed can be extremely costly.  It also slows down construction and can push your completion date back.  

    7.  Be consistently involved in the progress of your new construction.  Talk to your Builder.  Ask questions.  Do "drive-bys" to see how things are moving along.

    8.  Include a Home Inspection in your Contract.  New construction does not insure perfection.  Have an independent inspection performed by a licensed Home Inspector. 

    9.  Scrutinize and keep to your construction budget.  Remember you've been approved for your financing (and a monthly payment) already.  Don't get emotionally carried away and overspend on extras.

  10.  Consider options for temporary housing, should it be needed.

     New Lenox offers great opportunities to buy or build new construction, as do many other cities and counties in the Chicagoland area.  A menu of financing opportunities are available to those considering buying or constructing a new home today.  

    10 Tips for Constructing a New Home in New Lenox and Chicagoland.  To start your exciting journey to becoming a new construction home owner in New Lenox, another Lincoln-Way Community, Will County, or elsewhere in Chicagoland, contact me.  I'll get to work immediately to help you discover what financing options exist for you.