Stage One - Preliminary Proposal and Budgeting

"Pre-sale" versus "Custom" Financing
• Pre-sale- builder buys land and secures financing. A little more cost to the buyer.
  example: Excise tax AND takes on more liability and sells property back to the buyer
• Custom- buyer purchases land, secures financing, and hires the builder
• There are pro's and con's of each method

Client Expectations
• Square footage of home
• Number of bedrooms, baths, floor plan
• Material Specifications - example- siding, windows, roof, granite, marble
• Establish overall square footage and level of finishes

Preliminary Budget
• Land cost plus loan costs and interest
• Provide client budget numbers- estimates of cost based on similar homes
• ost per square footage
• View other finished Boitano Construction homes to observe level of finishes
• Buyer has control over both design and budget of project

Stage Two

Time Line
• Client plans OR Architect Northwest- approx. 60 days for completion of plans
• Septic Design- 6 to 8 weeks for approval before submitted to building department
• Building Permit- 6 to 8 weeks for approval
• Building of Home- 6 to 9 months from ground breaking depending on size and difficulty of home

Initial Costing- after buyer and builder have gone over and agreed on preliminary budget
• Deposit from Client to bid actual plans- $3,000 to $5,000
• Architect and builder to review lot with Client to develop site plan
• Meeting with Client and Architect- elements of preliminary design and budget
• Formal cost breakdown based on plan design
• Priortize what goes into the house and flexibility of budget- make additions and deletions to fit budget

Final Design and Costing
• Final floor plan with revisions and level of finishes
• Final specifications
• Final design and pricing
• Bank appraisal
• Start-up deposit from Client (approx. 5% of building cost)
• Finalize plans for submittal of building permit
• Firm cost number and contract signed