We understand that you may have questions about our services, process, and pricing. Here are some of the most frequently asked questions we receive from clients. If you don’t see your question answered here, please don’t hesitate to contact us directly. Our team is always happy to provide additional information and answer any questions you may have.
This is by far the question we get asked the most. The truth is that determining the build cost of a custom home isn’t as simple as a price multiplied by square footage. Every house is different therefore the cost to build is as well. Factors such as lot conditions, structural design, finish selections, amenities and market conditions all determine the cost and they are rarely the same from build to build even if the floor plan is. At Silverstone Homes we work closely with you and the designers (yours or ours) to determine an appropriate build budget and selections package based on information you have supplied to us regarding available funds, along with wants and needs.
Our typical build time is around12 months on average. Larger more complex homes can take longer, conversely, smaller homes that don’t require complex structural work can be built in less time. That being said, there are several external factors that are generally out of our control that can lead to longer build times such as weather and material and labor lead times. Any lingering selections decisions or revisions and changes can also extend build times. At all times we do everything we can to mitigate, work through, or work around any potential delays and keep the build moving.
No, it is not. We are an “On Your Lot” home builder. Generally, our clients have already or are in the process of acquiring a lot or land prior to retaining us for the build. In some instances we are retained earlier in the land acquisition process to consult on the viability and cost of developing that land prior to purchase. Demo and development costs, however, are included as part of the “construction” contract.
The most common method of financing a new home build is a “Construction – to – Perm Loan”. In many instances our clients use the lot or land as collateral to secure their construction loan. Below is a link to more information on the loan process from one of our preferred lenders.
Do to the high fluctuation in the cost and availability of construction materials in todays market it is virtually impossible to lock down a fixed build cost. For this reason we use a “Cost Plus” construction contract that is equal to the total construction value of the home plus a fee for our services