New Construction Terms & Definitions You Need to Know
While Building a Home in Will County & Chicagoland
A short while ago, I wrote a post addressing new home construction in the Chicagoland and Will County area. It set-off a firestorm of calls from people ... each interested in pursuing their dream of building their own home soon. Within my post I provided a "blueprint" of sorts for the pursuit of New Construction Mortgage financing and what is vitally important should you hope to find success in securing a Construction Loan.
When you read my post, you see that Construction financing is a process ... one that takes place in an ongoing fashion throughout the planning, building, and ultimately ... at the completion of your home. Given that fact, it's wise to be fully-educated and familiar with the terms you'll be hearing through the financing and building processes.
As we head into a New Year, it's the perfect time to kick-start your education and to get your new Construction questions answered. For financing info, contact me. To help with the terms you'll hear during the actual planning and construction of your home, I went in search of glossaries and dictionaries for new Construction. And I found some very good resources to pass on to you ...
I'll start with my most obvious resource for financial and Mortgage terms, my own website's Glossary, found HERE. When you have questions concerning anything you're seeing, hearing, or just don't understand, contact me. We'll discuss your questions and concerns so you're more comfortable moving forward in the process.
For new Construction terminology, I found a handy glossary provided by Home Building Manual at: www.HomeBuildingManual.com. From A to Z, this glossary provides 100's of words and their definitions you'll hear and need while you, your General Contractor, and sub-contractors are planning and building your home.
Another great source of info was BuilderSpace.com's, "Construction Dictionary and Glossary of Construction Terms". It covered everything from general terminology used during a new construction project to Concrete, Doors and Windows, Electrical, Masonry, and more.
For those hoping to build a "green" home, I offer an
article that explains just what actually defines or makes a home or product "green". Very timely in our Will County and Chicagoland area as I write this post, as the snow is thick on the ground and the temperatures are frigid ... and we just were through a very warm summer this past year. That valuable info/resource can be found on the Green Builder Magazine website: HERE.
As written in my prior post, the good news is that a menu of options exists for you to choose from ... during the search for a lot and a building plan ... and new Construction financing. To secure the most advantageous options for every step of the new construction process, it's best to be fully educated and familiar with all you'll hear and be expected to make decisions on. I hope the resources I provide above assist you in achieving that important goal.
* To ask and receive the answers you need prior to building a new home in the Lincoln-Way Area, Will County, or elsewhere in Chicagoland, receive the info on new Construction financing you'll need, or referrals to real estate professionals in the area, contact me. I'll be happy to hear from you and assist you with all your Mortgage questions and needs.
I can be easily found at any of the following:
Cell or Text: 708.921.6331
Click HERE for a FREE Mortgage Consultation!
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