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Remodeling and Home
Design

Process of Construction

SALES
• Paradime construction is set up to work with all sales agents and offers full brokerage participation

PROPERTY
• If you already own your property then you are ready for the next step
• One way to save on closing costs is to purchase the land and home in one closing using a construction-perm loan
• It is a good idea to have your builder look at the property to describe positive and negative attributes

INITIAL CONVERSATION WITH LENDER
• Talk with 3 lenders to see which has the best fit for your needs
• Here are a list of lenders paradime construction works with and are very good at the one-time close loan
• Find out how much you qualify for and how that relates to your ideal budget

PLANS AND SPECIFICATIONS
• Option 1 - bring a set of plans and your specifications to paradime construction to price
• Option 2 - let paradime construction design plans and specifications for your ideal budget

SUBMIT CONTRACT, PLANS, AND SPECIFICATIONS
• Lenders normally take 45 days from the time of submittion to the one-time close
• It is a good idea to start making selections during this time
• Paradime construction normally asks for a 10% downpayment (this is collected at the one-time close)

CONSTRUCTION
• Construction time can take between 4 to 8 months
• Paradime construction has scheduled meetings throughout construction that makes
the construction phase fun & educational
• With paradime construction you deal directly with the owner which saves time and energy enabling you to receive immediate answers to your questions

 

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