Branson Area New Construction - Page 23

can you explain prepaid costs?

Prepaid costs are necessary to ensure that your property-related expenses are covered from the outset of homeownership, providing financial stability and meeting lender requirements. These up-front payments play a crucial role in safeguarding your investment and maintaining good standing on your mortgage. As an example, when you close on a home, the lender might require you to pay 6 months' worth of property taxes and a full year of homeowner’s insurance upfront. Additionally, you may need to pay interest from the closing date to the start of the next month if your first mortgage payment isn’t due until the following month.

What is a change order?

A change order is used during the process of new construction or a remodeling an existing home. If the original construction contract needs to be revised, a change order is incorporated. Change orders arise if building materials are delayed or if the buyer requests upgrades not included in the original contract. All parties must sign the change order which confirms the revised costs and construction timelines.

We are looking for a new construction home outside city limits in Stone or Taney County. Prefer at least an acre. Can you help us run a search for that?

Yes, I'll email you a link to all new construction homes on an acre or more currently for sale that best meet your search criteria. Thanks for asking!

what is the average cost to build a new home vs. buying existing home in the market right now?

Depends! Lot excavation and finish selections can throw the averages way off. As of today, brand new construction homes average $180 a square foot, whereas a comparable existing home is $145 a square foot.