Infinity Homes

The Kooteni

By Floor Plans

Home Building Myths #3: BUSTED

Myth #3- I can’t find a lot.

One of the misconceptions we hear often is that you need to find your own lot before you build.

This is also not true! We work with several developers around town to find our clients a lot in the size they need and the area of town to fit their lifestyle. Or maybe you already own a lot or land and want to build… we can design a custom home that fits your existing plot!

Here are some things to consider when looking for a lot to purchase:

Are there utility hookups? If the land isn’t already being developed by a developers, you’ll need to know if it has gas, water, sewer etc. or if this is something you will have to add. Cisterns, wells and septic tanks are common in the rural areas surrounding Billings.
How is it zoned? Make sure the lot you are looking at is zoned for residential building, not business or agriculture.
How much preparation will the lot need? Clearing trees and brush and grading could become a costly expense to tackle on your own.
Consider what your desired neighborhood will look like in 5-10 years. It may all be new construction and dirt lots now, but in a few short years the entire neighborhood may be developed, everyone will have gorgeous landscaping and your property value will increase.

We are always here to help you make the best choices for you! If you have questions about building or finding a lot, please reach out. We can point you in the right direction!

By Infinity Homes Blog

Home Building Myths #2: BUSTED

Home Building Myth #2- I can’t get financing for new construction.

This is simply isn’t true!

We ourselves work with several lenders to make building a reality for our clients. From the VA to First Time Home Buyers, we work with you and your unique situation to get you into your dream home.

Another myth we hear frequently is that you always need 20% down to build. Also not true. We have several options we can explore together including Builder Financed down payments.

The first step is to find a lender and get pre-approved. If you don’t already work with a lender or know where to start, we can help with that!

Next we will work with you to work out the details of your new build based on your pre-approved budget.

Are you ready to get your questions answered? Reach out to us for a free consultation. We are happy to answer your lending questions and get you connected to the right lenders for your unique situation!

By Infinity Homes Blog

Home Building Myths BUSTED

Home Building Myth #1- “I can’t afford to build.”

People think that building is synonymous with expensive. This couldn’t be further from the truth!

Pre-build homes always go up in value. And the older they get, the more expensive they get and the more updates they need! On average, remodeling costs twice as much per square foot as a new build does! Sometimes in inflated markets, it’s actually cheaper to build than find something within budget. Doesn’t it make more sense to build exactly what you need within your budget, and have a custom brand new build that needs no updates?

A good builder will stay within your budget and only show you floor plan and customization options that fit within that. Building never has to go outside your budget unless you say so.

How do you know what your budget even is? We work with you just like any other home purchase… we need a pre-approval letter from your lender. Maybe you don’t know where to start, in that case we will point you in the right direction! A mortgage lender will give you your qualifications on an amount of purchase per your personal finances.

Do your research and choose a builder who has a long standing reputation of happy clients and proof that they stay within budget. Let’s fit your custom build into your budget, contact us to set up a free consultation!