Tips & Advice
How long does it take to build a house?
The time it takes to build a house varies, with the average time of the construction being 6-7 months from the time the permits are approved. If a customer chooses a personalized production home in a development, the construction phase can take only 4-5 months.
Custom homes take longer, for a few reasons: before the permits are approved, the custom design, floor plans and pre-construction process has to be complete, and this alone can take a few months. Getting financing and choosing a contractor can also add time to the process.
All home builds can be delayed due to weather, permit and inspection delays, waiting on construction material supplies, and disagreements between homeowner and contractor on design details.
Is it cheaper to build rather than buy a house?
It is not easy to figure out whether it’s cheaper to build a new house rather than buy. Industry reports show that the final price of a new construction home is significantly higher than buying an existing home. However, this isn’t necessarily an accurate side-by-side comparison, since new builds tend to be larger, more energy efficient, and more customized in terms of features and materials. Pre-existing homes will often end up requiring significant repairs, and ongoing upkeep.
What is a general contractor?
A general contractor is a company or individual that oversees an entire construction process and is responsible for pulling permits, liaising with inspectors, hiring subcontractors, working with homeowners and designers, and handling day-to-day oversight on the construction site.
How much does it cost to build a new house?
The cost to build a new house varies widely and is affected by many factors including the market, the specific location, the size of the house, what kinds of materials will be used, and what kinds of special features will go into the house. To get a better idea for price of new homes, start by researching comparable new builds in the area and neighborhood you’re interested in buying. Speak with architects and builders in your area. Also, read local blogs and trade websites. In general, the cost per square foot of a new development is $150.
How to choose a home builder
Choose a home builder based on their reputation for quality work, their style (it should match what you want in a home), their price, how busy they are, and how well they listen to and understand your needs. Take lots of time to research and interview. Read plenty of articles and profiles, ask people you trust for their recommendations, and ask your potential builders as many questions as you need to before committing. This is a major decision and above all you should not feel rushed or boxed into a decision.
Is assisted living the same as a nursing home?
An assisted living facility is not the same as a nursing home. Nursing homes provide skilled nursing care for those who suffer from conditions or disabilities that call for intensive, ongoing medical assistance. Assisted living facilities typically cater to seniors who need less medical care and who require a living situation that provides more independence than is typical at a nursing home.
However, some assisted living facilities also provide skilled nursing care for residents who need it. At several locations around the country, you can find independent living, assisted living and skilled nursing facilities all on the same campus, allowing residents to make a smoother transition from one to the other.
How much does it cost to live in an assisted living facility?
The cost of residing in an assisted living facility can vary based on location and the size of the unit being rented. The national median average for renting a one-bedroom apartment in an assisted living facility comes in at around $3,500 per month.
If you have long-term care insurance, this coverage will usually assist with the costs associated with residing in an assisted living facility. Some seniors who don't have long-term care insurance cover the costs associated with assisted living by selling their homes. In cases where a couple owns property and only one person in a couple requires assisted living, the partner who is remaining at home will sometimes take out a reverse mortgage on the property to cover costs.
What services are provided in assisted living facilities?
Assisted living facilities provide a wide range of services that can help seniors who have trouble handling tasks related to basic self-care. These facilities can provide daily meals, and assist with bathing, grooming, and toileting. They can help with basic housekeeping and laundry, and they also provide 24-hour security that creates a safe environment for seniors. Assisted living facilities can also provide seniors with easy access to transportation, and offer social programs that can help give seniors a sense of community.
Is assisted living covered by Medicare?
Medicare doesn't typically cover costs directly associated with assisted living. However, Medicare might be used to pay qualified healthcare costs for someone who is staying at an assisted living facility. These costs may include expenses associated with doctor visits and prescriptions.
While Medicare doesn't usually cover assisted living, it typically covers the costs directly associated with staying in a skilled nursing facility (also known as a nursing home). Medicare also commonly covers the cost of hiring a professional to provide home health care.
What is an assisted living facility?
An assisted living facility is a residence that provides long-term care and support for seniors, while allowing them to live more independently than they would if they were residing in a nursing home. These facilities can provide seniors with regular meals and assist with tasks such as bathing, medication management, basic housekeeping, laundry, and getting dressed. Assisted living facilities also provide round-the-clock security and assistance with transportation. Some assisted living facilities provide access to skilled nursing care for those who need more intensive medical support.