New Home Tips, Trends, and Ideas - Raleigh Custom Home Builders

How Much Do Septic Systems Cost?

Posted by Penny Hull on Thu, May 05, 2011 @ 15:05 PM

How Much Do Septic Systems Cost? Building a Custom Home in the Raleigh area.

Septic System Cost

Whether you already own a lot, or need help finding the perfection location for your new home, you may be considering the cost of installing a septic system.

Septic systems are extremely common in the Raleigh area. In fact, most lots larger than 1/2 acre will require a septic system. 

 

Septic System Cost Can Vary 

Septic systems can also be one of the biggest variables in cost for building on your lot, depending on soil conditions, size of system, type of system, county requirements, and more.  

An experienced home builder like Stanton Homes can look at your septic permit and plot map and give you at least a good idea of what the system is going to cost

 

Typical Septic System Cost in the Raleigh Area

Septic System Cost Raleigh

A typical septic system in the Raleigh area can be anywhere from $3,000 to $15,000, with most conventional or pump systems falling in the middle range. 

Is a septic system more expensive than sewer?  The alternative to a septic system, connection to a city or county sewer system (if available), can be more or less than a typical septic system, depending on the jurisdiction and how close the connection is to the proposed homesite.

Make sure to speak with your builder about the septic system allowance for the unique requirements of your lot and floor plan. The number of bedrooms allowed is determined by a Perk Test.

A special system can run many tens of thousands more - particularly if your lot is rated "No Perk" (i.e. unsuitable for a conventional septic system). 

Make sure your lot is a great choice - talk to your builder about getting a free lot inspection to avoid unexpected costs.

 

Building a Custom Home is Easier Than You Think

Free Lot Inspection

 Building a new custom home on your lot (or ours) does not have to be complicated or expensive.

Contact Stanton Homes to receive a free building cost estimate and free lot inspection.

 

 

Tags: buying a lot, new homes raleigh, building a home, raleigh new home, septic systems, build on your lot

Raleigh Healthiest Housing Market in the Nation | New Homes Raleigh

Posted by Penny Hull on Fri, Mar 04, 2011 @ 10:03 AM

Raleigh NC Named Number One Healthiest Housing Market in the Nation

2011 Housing Market Growth

Raleigh continues to stand out as one of the best places in America to live, work, and retire. This time, housing market growth and lower unemployment rates demonstrate the desirability of the Raleigh area.  

Raleigh-Cary has just been named the number one healthiest housing market in the nation for 2011, according to extensive research by Hanley Wood Market Intelligence. And here's what they have to say:Raleigh Market Trends | Homebuilders Raleigh

  • 2011 Building Permits projected to increase 90% to 9,604
    • Permits already increased 85% to 8,600 in 2010
  • Permit increases are seen in both multifamily and single-family homes
  • Existing home prices rose 4% in 2010
  • Increased jobs in Raleigh lead to a lower unemployment rate, now at 8.4%

 

Raleigh's reputation for affordability is coupled by educational opportunities within several nationally ranked colleges and universities located in the Raleigh area.

Read more about the Raleigh-Cary housing market here.

 

Some of the most popular places to live near Raleigh-Cary include Apex, Cary, Fuquay-Varina, Garner, Holly Springs, Knightdale, Morrisville, Raleigh, Rolesville, Wake Forest, and Wendell.

Find out more about city government jobs in Wake County.

See which professional sports attract fans in Raleigh, NC.

Tags: buying a lot, homes in raleigh nc, building a home, new homes raleigh nc, raleigh new homes, new homes in raleigh nc

Raleigh NC Custom Homes | Buying a Lot | Determine Your Budget

Posted by Penn Hull on Thu, Oct 21, 2010 @ 07:10 AM

Buying a Lot or Site for Your New Raleigh NC Custom Home

Step 1:  Determine Your Budget

Custom builders in Raleigh can help you find the perfect place to build your new home. Here’s how to make the right decisions.

Five Easy Steps: Buying Lots for your Raleigh NC Custom Homes

Step 1: Plan Your Budget

How much should you spend on a Lot or Land for your Raleigh, NC custom homes?

Yes, the price you pay has a lot to do with location – but size, amenities and buildability are also important considerations. Custom builders in Raleigh can offer guidance, but it’s really all about what’s important to you. You’re going to have to prioritize, as you make choices. 

Get Preapproved

Have a financial institution appraise what you can afford

You’ll have to have a bottom line in mind before you even begin to look at lots and land upon which to build your Raleigh NC custom homes.

If you don’t have a lender in mind, ask a custom builder in Raleigh for recommendations. Contact us for a list of local lenders experienced with lot and land financing - there are plenty of great options available.

Talk with financial professionals about your total "construction and land" affordability.  Here are the questions you’ll need answered:

- What monthly payment can I afford?

- What total amount do I qualify for?

- Will my payment be affected if interest rates increase?

What about Property Taxes?

Depending on the specifics of your loan, property taxes may be included in your monthly payment. If it’s set up this way, a portion of the total tax bill is added to your monthly payment each month, then paid to the city or county at the end of the year out of an escrow account. 

You’ll need to ask – because if it isn’t included in the loan, you may be responsible to pay property taxes in one lump sum at the end of each year.  This chart will give you an idea of what kind of taxes to expect on the property for your Raleigh, NC custom home

Guide to Raleigh/Triangle Property Taxes

Property taxes outside city limits will always be lower than taxes inside city limits.  As an example, Chapel Hill has some of the area's highest property tax bills. Outside the city limits, Chatham County has some of the lowest property tax rates in the Triangle. Raleigh’s property taxes can vary, depending on location.

How Much Should I Pay for my Lot or Land?

As a general guideline, the cost of your lot or land should be no more than 15-20% of your total "house and land" budget. 

$150,000 total budget = $22,500 to $30,000 lot or land cost

$200,000 total budget = $30,000 to $40,000 lot or land cost

$300,000 total budget = $45,000 to $60,000 lot or land cost

$400,000 total budget = $60,000 to $80,000 lot or land cost

$500,000 total budget = $75,000 to $100,000 lot or land cost

An exception might be made for a large amount of acreage - for instance, you might reasonably construct a home with a $250,000 construction cost on a 10 acre parcel which costs $100K. 

But make sure to ask custom home builders in Raleigh for information about the area, and check that your planned home corresponds with other homes in the neighborhood/area so that your future resale value is protected.

Browse Raleigh Area Lots and Land for Sale

How do I know that the price of a lot or land is reasonable?

Talk to custom builders in Raleigh or an experienced land agent about the lots or land you're considering.  That’s where size, amenities and buildability impact the price of the home – as well as its future value.

An experienced land agent will be able to compare your lot price with other lots in the area, and compare the type of home you plan to build with other Raleigh NC custom homes available in the area.

Five Easy Steps to Finding the Right Lot or Land for Your New Raleigh Home

Custom builders in Raleigh such as Stanton Homes will work with you throughout the entire process of finding a lot or land and building your new Raleigh NC custom home.

Buying a Lot in Raleigh Step 1: What's Your Budget?

Buying a Lot in Raleigh Step 2: What Amenites Should You Consider?

Buying a Lot in Raleigh Lot Step 3: Determine Your Lot Size

Buying a Lot in Raleigh Step 4:  Is Your Lot Buildable?  How Do You Know?

Buying a Lot in Raleigh Step 5:  What is the Total Construction Cost for Your Lot? (Avoiding Hidden Costs)

Contact Stanton Homes at 919-278-8070 or see our online calendar for our next "Meet the Builder" event, and bring us all your custom home building questions.

Other Top Custom Homebuilder Questions:

What Ceiling Height Should I Choose?

How to Get a Bigger Pantry for Less | Custom Home Builder

Formal Dining Room - yes or no?

Woodburning or Gas Fireplace? | Custom Homebuilder Questions

Article copyright Stanton Homes 2010, all rights reserved.  Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. 

Tags: raleigh nc custom homes, buying a lot, custom homebuilder