If the idea of building your dream home from the ground up has you overwhelmed, you are not alone.
There are lots of decisions to be made along the way from which builder you choose to what type of tile to use in the bathroom. Hughes-Edwards Builders is an award winning Design Build firm that can take the reigns of your dream home project and make it a reality. If you are wondering where to start, here are some of our most Frequently Asked Questions by our new customers.
- Why should we choose Hughes-Edwards to build our new home? The home building process with Hughes-Edwards is begun upon a foundation of trust and craftsmanship. We have been in business for 25 years. We have survived and thrived in the most difficult economy and home building market this country has ever seen. We are financially solid. Our past customers love us. As a matter of fact, we have an open door policy with many of them. They invite us to bring potential customers through their homes to view Hughes-Edwards completed projects. Another reason to choose Hughes-Edwards is because we are award winning builders known in the community for our expert craftsmanship. We work with the area’s top local tradesman and effortlessly complete features like groin ceilings, intricate tile patterns, decorative painting projects and gorgeous kitchens and outdoor living spaces. We are constantly in communication with our home owners. Your point of contact will be one of the owners, Gene Hughes or Bryan Edwards, not a job site foreman. Our building process is about close, personal contact with our home owners.
- How much does it cost per square foot to build a new home? This is a question we get a lot that is not easy to answer. Ranch style homes cost more than two story homes because the roofing costs and foundation costs are more for the wider ranch style homes. The tricky part of calculating square foot costs comes in the area of upgrades and fixtures. For example, wood flooring will add more $ per square foot than carpeting. The type of windows selected will have a significant bearing on the $ per square foot. Custom kitchen cabinets will add more money than stock cabinets. Multiple bathrooms will also add to the overall cost. With that being said, we are currently building homes for $150 a square foot and up.
- How long does it take to build a home? There are a lot of factors that can influence the timeline of building a home. Luckily, Middle Tennessee has pretty mild weather for building homes. If materials are available and the buyers are able to make decisions on schedule the estimated time right now to build a 4000 square foot home in the area is approximately 6 months. Larger homes require additional time.
- Who carries the construction loan? How does the financing work? The homeowner obtains the construction loan. The amount of money borrowed would be paid out to the builder in stages. The lender releases a percentage of the money to the builder for each phase completed such as laying the foundation, putting up drywall, installing the roof, etc. The lender, the homeowner and the builder work together to establish a “draw schedule” of four/five installments with the final payment made to the builder when the home is awarded a certificate of occupancy. During the building and “draw schedule” phase, the homeowner pays the interest on the loan amount. Once the home is completed the loan will be converted into a traditional mortgage.
We hope that answers some of your questions on the home building process in Middle Tennessee. We would love to talk with you in person and answer any additional questions you may have. Please contact us by filling out the form below.
[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Phone’ type=’text’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]
