The steps
- Look at your finances: income, savings, debts and credit.
- Get pre-approved by a lender so you know what you can afford.
- Decide what matters: size, location, one floor or two, yard.
- Tour homes. For Fernway Road, you can see a finished home with Shawn or Colleen, no pressure.
- Pick your lot and plan, and choose your finishes.
- Make an offer or sign the build contract.
- Inspections, appraisal and closing, then a final walkthrough and the keys.
Budget beyond the payment
- Down payment and closing costs.
- Property taxes and homeowners insurance, often paid through your monthly escrow.
- Utilities and maintenance.
- Moving costs and furnishing.
Why consider a new build
A new home starts with new systems, a builder warranty and finishes you chose. Every SPK home includes granite countertops, a stainless appliance package, LVP flooring with carpet in the bedrooms, recessed lighting, a tankless water heater, and forced-air heating and cooling. The Addy, a single-story 3 bedroom, 2 bath ranch, starts from $285,000 and suits many first homes.
Get help
Talk to a lender early. Rich Brewer at DeMotte State Bank can walk you through pre-approval, and Colleen Hatami at McColly Real Estate can show you homes and help sell your current one.
Frequently asked questions
How much do I need for a down payment?
It depends on the loan type. Some programs allow low or no down payment. A lender can tell you what applies to you.
Are the Fernway Road homes good for first-time buyers?
Many first-time buyers choose the Addy, a single-story ranch with 3 bedrooms and 2 bathrooms, from $285,000. Prices are starting prices and depend on the plan, lot and options.
Can I use any lender?
Yes. SPK has a local lender and realtor to recommend, but you are free to use anyone.