HOW IT WORKS

Phase 1: Planning & Site Evaluation

Sherwood Innovation begins the custom home build process by offering two distinct pathways for clients. The first option involves collaborating with clients to create a unique house plan tailored to their specific needs and preferences. This process starts with an in-depth consultation where our team gathers extensive details about the client’s lifestyle, design preferences, budget, and any must-have features. By understanding the client’s vision, we can develop a comprehensive plan that reflects their personal style and functional requirements.

Alternatively, clients may choose to provide a pre-existing plan from another source. In this scenario, our experienced team evaluates the provided design to ensure it meets local building codes and client specifications. We then work closely with the client to make any necessary adjustments, whether they involve alterations to optimize space, enhance functionality, or incorporate sustainable building practices.

Regardless of the chosen path, Sherwood Innovation is committed to ensuring that each custom home build process is seamless and aligned with the client’s vision. Our focus is on delivering a final product that not only meets but exceeds client expectations.

The next step in the process of building a new custom house is site selection and assessment. This involves choosing a suitable location for the home based on various factors such as zoning regulations, access to utilities, topography, and proximity to schools, work, and amenities. Once a site is identified, a thorough assessment is conducted to evaluate the land's characteristics, including soil quality, drainage, and potential environmental impacts. This information is crucial as it informs design decisions and helps ensure the long-term stability and sustainability of the structure.

To determine if a piece of land is viable for your new build project, consider hiring Sherwood Innovation for a comprehensive site evaluation. Our team can conduct thorough assessments to examine the topography, soil condition, zoning regulations, and other critical factors that influence development potential.

To initiate the process, you can contact us directly to discuss your specific needs and the details of the site in question. We will schedule a site visit where we will analyze the land, provide insights into any potential challenges, and evaluate compliance with local regulations. Based on our findings, we will deliver a detailed report, highlighting the viability of your project and offering recommendations tailored to your goals.

For a smooth and professional experience, reach out to Sherwood Innovation today to schedule your site evaluation or visit. Let us assist you in making informed decisions about your future development.

Phase 2: Financing, Price Estimate & Contract

Financing

When considering the financing options for a new custom home build, several avenues can be explored. Each option has its own set of benefits and requirements.

1. Conventional Loans

These loans are commonly used for home purchases and can also be applied to custom builds. They typically require a down payment of 3% to 20% and involve a fixed or adjustable interest rate. Borrowers will need a good credit score and documented income.

2. Construction Loans

Specialized for home building, construction loans provide short-term financing to cover the costs of building a home. These loans usually require a down payment of 20% to 25% and are disbursed in stages as construction progresses. Once the home is complete, the loan can often be converted into a permanent mortgage.

3. FHA Loans

The Federal Housing Administration (FHA) offers loans that are easier to qualify for, making them accessible for first-time homebuyers. FHA loans can be used for new construction, but they typically require mortgage insurance and a lower down payment, often around 3.5%.

4. VA Loans

Veterans Affairs (VA) loans are available to eligible veterans, active-duty service members, and some members of the National Guard and Reserves. These loans can be used for building a custom home as long as the borrower meets certain eligibility criteria. They offer favorable terms, including no down payment and no private mortgage insurance (PMI).

5. Home Equity Loans or HELOC

If the borrower already owns a home, they may opt for a home equity loan or a home equity line of credit (HELOC). These options allow homeowners to borrow against their property’s equity to finance a custom build. They typically offer lower interest rates than other types of loans since they are secured by the existing home.

6. Personal Loans

For smaller amounts, personal loans could serve as a financing option. These are usually unsecured loans that do not require collateral and can be used for various purposes, including home building. However, interest rates may be higher, and shorter repayment terms are common.

Each financing option has unique terms and eligibility requirements. It is advisable for potential custom home builders to assess their financial situation and long-term goals before deciding on a financing method. Consulting with a financial advisor or mortgage professional can also be beneficial in navigating these choices.

Price Estimate

The price estimate process begins with an in-depth consultation to gather all our clients' ideas and desires for their new home. We encourage clients to share their vision, focusing on aspects such as house style—whether it's contemporary, rustic, or something entirely unique. We delve into interior design preferences, discussing colors, materials, and themes that resonate.

Next, we explore essential elements like the size of the home, including square footage, layout, and outdoor space. We also address practical needs, such as the number of bedrooms and bathrooms, ensuring we capture a comprehensive view of the client's requirements.

This collaborative conversation allows us to understand their lifestyle and aspirations fully, enabling us to tailor our approach to meet their wishes. By combining their input with our expertise, we can provide a detailed and accurate price estimate that reflects both their dreams and our commitment to quality craftsmanship.

Phase 3: Build House!

The build process at Sherwood Innovation is designed to be an exciting and collaborative journey from start to finish.

Planning and Design:

Once the initial plans are finalized, our team will schedule a pre-construction meeting to review the timeline and expectations. During this meeting, we’ll take the time to clarify any details and ensure that everyone is on the same page.

Foundation and Framing:

We’ll start with the foundation, an essential step that sets the stage for your unique home. As the framing goes up, you’ll begin to see your vision take shape. Throughout this phase, we’ll provide regular updates and welcome any adjustments you might want to make.

Electrical and Plumbing:

After framing, we’ll move into the rough-in phase, where we will install electrical, plumbing, and HVAC systems. We’ll ensure everything aligns with your vision and functionality requirements.

Interior Finishing:

This is where the fun really begins! You’ll have the opportunity to choose finishes, colors, and fixtures that resonate with you. Our team will be there every step of the way, maintaining an open dialogue and working closely with you to incorporate any last-minute ideas.

Final Walkthrough:

Once construction is completed, we’ll conduct a thorough walkthrough together. This is your chance to see the final product, ensuring everything meets your expectations. Any final tweaks or touch-ups can be addressed at this time.

Going Forward:

After you move in, our relationship doesn’t end. We’re committed to supporting you as you settle into your new home. If any adjustments or questions arise, we’re just a call away.

Communication:

Open and transparent communication is at the core of our process. We encourage our clients to share their thoughts or concerns at any stage, whether it involves changes to layouts, materials, or design elements. We’re here to listen and adapt, ensuring that your home reflects your personal style and needs.Each step of the build process is an opportunity for creativity, collaboration, and innovation, tailored to bring your dream home to life. At SHERWOOD INNOVATION, we pride ourselves on creating not just homes, but meaningful experiences.