Construction Calculator

PLEASE NOTE:

• All calculated prices are for a BASIC* flat (bungalow) home, and can vary depending the complexity of your design, and choice of materials.

• The minimum size for a comfortable 3 bedroom family home is approx. 1,500 sf. or 140 m².

• This calculator is intended to give you an indication, the calculates prices are not final.

• Some builders will build for less, and some will charge more.

• The calculated prices do NOT include the price of the land.

• The calculated prices do NOT include appliances.

• The calculated prices include Septic systems.

*“BASIC” meaning; A simple and square or rectangular home on ground level.

Like on our House-Plans & Building Web Page, I would like to emphasize that without a building plan we can not give an accurate price no matter what the size is, because you can have hundreds of different styles of homes, all with the same square footage, but they will all have a different price, and the price difference between the lowest and the highest price can be tremendous.

It usually takes between 3 and 6 months to build an average home. Of course, the larger or the more complicated your home is the longer it will take to build. Even though construction continues throughout the rainy season as well, it is very important to do as much as possible in the dry season which falls between January and June, as the rainy season might cause setbacks which will increase the building cost and could delay the estimated completion date.

30 year fixed rate financing. 15 year mortgages. Adjustable rates. Interest only.   Unique programs designed to accommodate your specific needs and lifestyle. We understand that everyone has a unique financial situation and we are dedicated to providing a vast array of competitive programs to help you find the one that is right for you.

Strong national partnerships allow us to offer competitive finance programs to help you find the one that is best for you. Our preferred lender, will take special steps to provide you the excellent customer service and personal attention you deserve.

The following provides an overview of the mortgage process:

Loan Application
To ensure a smooth and pleasant financing experience, please be prepared to provide the following information required for the loan application. Please remember that additional information may be requested depending upon the financing program you select:

Credit Report and Property Appraisal
A credit report will be ordered as part of the mortgage application process. An appraisal will also be performed by a licensed Real Estate Appraiser to assess the value of the property you are purchasing with this loan. Costs for these services are included in your mortgage application fee.

Verification
Income, asset and liability information provided on the mortgage loan application will be verified as part of the approval process.

Underwriting Review
An underwriter will review your mortgage application and the information provided by or collected for you and will reach a loan decision based on several factors including income, assets, credit history and property value.

Preparation of closing documents
The closing documents are prepared by the lender’s closing department in coordination with the settlement agent. The settlement agent prepares the final HUD-1 form which is a detailed accounting of the entire financial transaction. At this time, the borrower can be told how much money they will need to bring to closing in addition to the loan amount. The HUD-1 form, along with several other documents, is signed at settlement.

Settlement and Funds Disbursement
Both parties involved in the transaction must sign all the necessary documents. Once this takes place, funds are disbursed to the selling party to complete the sale.

Recordation of the Transaction
The settlement agent notifies the appropriate authorities that there has been a settlement on your property and that a note, mortgage and deed have been executed. These documents serve as security for the lender for the mortgaged property.

Payments
You will receive information from the lender either at settlement or shortly thereafter outlining the ways in which you may make payments on your loan. This may be via a payment coupon book, monthly billing statement, or through automatic withdrawal from your bank account.

The Construction Process with Allegiant Homes Ltd.

At Allegiant Homes, Ltd we value close supervision during the construction process to minimize errors and maximize our homeowners’ satisfaction and desires in their new home. A superintendent is assigned to each and every home to oversee the entire building process from the preconstruction meeting with the homeowner through the final walk and closing.

Every homeowner will meet with the superintendent assigned to build their home so that they have the opportunity to ask any questions and for the superintendent to verify the options and selections made.

Our excavation team will dig and prep the home site according to the engineer’s instructions. Our owner, Don Hosten, prides himself on being a “dirty boots” builder and you often see him on site involved in this step. Footings are the underpinnings of the foundation walls and will support the weight of the completed home. Foundation walls are the vertical components of the home that will be below the grade of the home site.

After the foundation walls are poured a damp proofing membrane will be applied to the exterior of the foundation walls where they will touch soil and a drain tile system around the footing will be installed to permit ground water to be efficiently diverted away from the foundation walls to prevent undue stress on the walls and weeping of water thru the concrete. The portion of the plumbing drain lines that will be under the basement floor are also installed at this time.

During framing the home takes shape. First floor decking is installed and then vertical walls are set on top to create the walls of the home. If a two story this process will be happen a second time for the upstairs portion of the home. Once all walls are built the roof will be built and prepped for shingles.

During this phase our Heating and Cooling, Plumbing, and Electrical teams will install their components that will be behind the walls on the finished home. Ductwork for heating and cooling will be installed to each room, water and drain lines for sinks, showers and other fixtures will be installed, and all the outlet boxes, lighting mounts and other electrical components will be installed and the proper wire run to the main electrical panel.

This meeting is a chance for our homeowners to once again meet with the superintendent in their new home and review placement and correctness of components that will be covered up in the next step.

Once the city inspector and our superintendent sign off on the homes rough in components the walls of the home will be insulated. Attic insulation is installed after drywall. Drywall is hung to create the final wall surface and several days will be spent to mud and tape all seams. Then the ceilings and walls will be textured, sanded and prepped for paint. This phase of construction will seem like it takes the longest, but it does so to ensure a great final product.

Somewhere immediately before or after drywall the exterior of the home will be finished with materials selected.

At this point trim and cabinets will be installed. This includes all interior doors, base moldings, door trims, and other trim options that were selected. The paint team will paint all trim and stain any handrails before moving on to the walls of the home. At this step only the first coat of paint will be installed. Final-coat painting and touch up will occur immediately before the final walk to ensure a beautiful finish.

In this step all the finish materials will be installed including counter-tops, hard-surface flooring, plumbing fixtures, and lighting.  Carpet will be the last finish component to be installed.

During this phase the superintendent will do a thorough walk of the home and make a punch out list of last minute touch up items that our team will complete in order to present the home to you at the orientation/final walk. A final, thorough, clean of the home also takes place at this point and includes all interior rooms, basements spaces, and exterior components including windows.

Driveways, sidewalks and patios usually are installed at the end of the process so that we can ensure the least amount of traffic on these items before the homeowner moves in. Similar to exterior concrete, decks are installed towards the end to minimize foot traffic. Landscaping and fully sodded yard are typically installed before the orientation/final walk (weather dependent).

This meeting is for the superintendent to present the home to the homeowner and to explain functionality of components within the home.

On the scheduled closing day, the homeowner will meet with the Allegiant Homes, Ltd team to review warranty information and receive their keys to their brand new home.

To view our “Construction” calculator click here…