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.
Memory care is long-term skilled nursing geared toward those who suffer from Alzheimer's and other diseases that diminish memory. Many assisted living facilities offer memory care units on their premises. Memory care often involves activities and programs that are specifically designed to support and soothe those with memory problems. The monthly cost for this type of care tends to be higher than the average monthly cost associated with assisted living.
Assisted living facilities provide long-term housing for elderly or disabled people who need help with daily tasks such as meals, medication management, grooming, toileting, and transportation. These facilities offer a higher level of care than independent living facilities, and a lower level of care than nursing homes. Assisted living facilities are costlier than independent living communities, but less expensive than nursing homes.
What is independent living?
An independent living facility is geared toward meeting the needs of seniors who require only minor assistance with the activities of daily living. Independent living facilities offer amenities such as restaurant-style dining, housekeeping, transportation, and laundry services. They give residents the opportunity to socialize with other seniors and make new friends.
Are retirement communities required to be accredited?
Retirement communities aren't required to be accredited, but accreditation means that a particular retirement community has met certain standards. Accreditation is provided by organizations such as the Commission for Accreditation of Retirement Facilities (CARF) and the Continuing Care Accreditation Commission (CCAC.
Accreditation involves a thorough internal and external review that can take up to a year to complete. Accredited retirement communities have met or exceeded the accrediting body's standards regarding resident life, resident health, financial resources, and overall administration.
What is a life care community?
A life care community is a retirement community that provides seniors with a full continuum of care throughout their lives. They are similar to continuing care retirement communities (CCRC), in that they provide facilities for independent living, assisted living, and nursing home care. However, these communities offer different payment and service terms from a CCRC.
With a CCRC, you can receive either a full or partial continuum of care over your lifetime, and your monthly fee will increase if you need to step up to a higher level of care. Life care communities require you to sign a life care agreement that locks you in to a full continuum of care. And life care communities charge a fixed monthly fee that stays the same even if you eventually need to access a higher level care than you started with when your stay began.