Custom Homes by Miller

01/04/2018

Sand blasted interior beams make this home unique.

01/04/2018

Nearing completion on new custom home in Walnut Creek

09/09/2015

7 reviews of Custom Homes by Miller. "Custom Luxury Home builder With 40 years of experience I know how to bring your project in on time and on budget. We make building a new home a fun...

03/14/2015

mechanics of a construction loan

Once you have obtained a piece of land to build a custom home on the next step is to talk to a construction lender on an amount that you will qualify for to build a home. This is an important step as you do not want to develop a set of plans that is over your means to finance. This gives you a budget to work with.

Next step is to develop a set of plans with your architect or from a pre drawn plan you have found. Your builder must be involved in this process to keep you from going over budget.
Next step is for the builder to take that set of plans and bid out all the different phases of construction with the sub contractors and develop an itemized cost breakdown on what it is going to cost to build your home from A to Z and deep that number in your budget.

This breakdown along with the plans are then submitted to your bank to start the construction loan process. An appraisal will be ordered by the bank to determine a value of the completed home from the plans, breakdown and your land.

If the lender does 90/10 construction loans they will lend 90% and you will have to come up with 10%. Each lender is different on this ratio and your credit will also be a determining factor. The construction loan is a one year loan. The funds are disbursed out in draws as phases are completed in the building process and inspections are made by the bank that phase items have been completed before draws are disbursed. The first draw is for the foundation, say it is $40,000 now you are being charged interest on the 40k, next draw $20,000 now you are being charged interest on 60k and so on until all funds are disbursed.

Once the home is completed the construction loan then rolls over into a conventional takeout loan 30 yr, 15 yr, variable, fixed whatever you want to work out with the lender and at the going interest rate the time of roll over.

This is the process that all subdivision track home builders go through.

Custom Homes by Miller ©

05/16/2014

The Viking® Professional French-Door Double Oven is a great addition to your kitchen. Instead of heaving a heavy turkey or soufflé over the oven's door you can walk right up to the oven and slide the pan in. The one handed operation makes it a cinch to use.

Viking French Door Oven
http://www.thehousedesigners.com/articles/images/bring-viking-appliances-home-2.jpg

04/05/2014

Custom home builder with plan design services on your lot in stockton, ca. and surrounding areas. Home inspections for buyers, sellers, lenders and realtors. FHA and HUD approved home inspector.

03/09/2014

When I set up a job to pour concrete it rains, guaranteed every time.

03/01/2014

Just finishing up on the final plan design for a client who we will be building their dream home for in Lodi, CA. Construction pictures to follow. Post any comments to make design better.

02/25/2014

French Country reverse living plan. Built on a levee over looking the Calaveras River.

02/25/2014

Glass wall lets the outdoors in.

Bedroom with a View