Allison Homes has teamed up with the Options Design Center! What does this mean for you? When you build a new home with Allison Homes, you’ll go to one store to make
most of your selections. No running around from place to place trying to put it all together yourself and wondering if you made the right choices. Their design
consultants will help you through the whole process!
Not sure even where to begin? Options has a unique product called Design Plan In A Can that was created to make your new construction project easy. Just pick a color palette from the catalog
and you’ll be provided with samples for every surface of your homes interior. With 7 different collections and over 70 palettes to choose from, you’re sure to find one that’s
right for you. And after you move in, the samples will continue being helpful when you select furniture and accessories!
If you’d like more information on Options take a look at their web site OptionsForYourHome.com, call your sales agent, or stop in to one of our models and take a look at the sample
design board. We know you will be as excited about our new partnership as we are!
Residential construction is a cash flow business. As specific phases of construction are completed, builders are invoiced from the trade people who did that
work. It is the builder’s responsibility to make sure they are paid in a timely fashion. Construction draw loans are set up to keep a constant flow of cash for this purpose.
A typical construction draw loan is set up with four draws. A specific percentage of the overall contract price is assigned to each draw, and is consistent with the amount of material and
labor performed during each phase. Payments are made at completion of the Foundation, when the roof shingles are installed, after the drywall is hung and finished, and when the trim is completed.
Any amount of the original agreement price still remaining is due once the home is completed.
Draw loans are set up so that you will not have to make mortgage payments while the home is being built. A conventional mortgage is wrapped around the draw loan and pays off the draw once
the home is completed.
This is an over view of how construction draw loans work for you. For more details we suggest contacting one of our affiliated banks.
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As a Bank of America Mortgage Loan Officer, I'll share my experience and expertise gained over 8 years in the mortgage industry. And, with Bank of America's wide range of mortgage choices, great rates, and flexible terms and conditions, as well as our online tools, it should be easy to get where you really want to be - closing on your home with the best deal possible. Make your move today and contact me so we can get started. I can't wait to work with you.
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M&T Bank is considered one of the country's most highly regarded regional banks. We were founded over 140 years ago in Western New York, where we are still headquartered.
Our parent company, M&T Bank Corporation, had over $50 billion in assets as of March 31, 2004 and is one of the 20 largest bank holding companies in the U.S.
Contact: Dave Hawes 585-258-8352 |
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nothnagle securities |
Nothnagle Home Securities Corporation is the first licensed mortgage banker in New York State. For the past 39 years, we have helped buyers with their financing needs. Our firm offers many exciting programs for new construction transactions featuring a free rate lock for 180 days (additional time is available). Please contact any of our experienced loan officers to learn more about the programs that best meet your personal requirements.
Contact our office at: 585-461-4110 |
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I am thinking about building a home. Are there any books, magazines or websites I can reference to better understand the construction process?
There are many books, magazines, and websites that reference this. Yet if you are doing this for the first time you probably have lots
of questions – from choosing a location, choosing
a plan, and financing. A one-on-one conversation with a salesperson would be very helpful. They have made careers out of steering people towards their goals.
Our family is in the process of looking for a home site to build on. What should we be looking for in choosing our site?
Topography plays a large factor in home building and choosing
that perfect location. You should think about your families needs in relation to site size, and function. The rest is very subjective. Talk with one of our expert
reps about building “off-site” homes.
I’ve looked at a lot of plans, but I would like some things changed. Can you do that?
Yes, we specialize in helping you make your home a unique reflection of you and your lifestyle. Our plans are fully customizable. Also, be sure to check out our new “Woman-Centric” plans
that have a special emphasis on features that are flexible, help you de-stress, have ample storage options and make entertaining a spectacular experience.
I need help coordinating all the decorating and design elements. Do you have someone who can help me?
Yes, Allison Homes is pleased to be able to partner with Options For Your Home, the Rochester area's exclusive Woman-Centric Matterssm licensed
home finishing store. Because Allison Homes is a Woman-Centric Matterssm licensee too, we feel confident that Options; talented and creative team will be
able to not only help you completely coordinate all the interior elements of your home, but also do so with the same values and integrity we feel so strongly
about here at Allison Homes. For further information, please feel free to contact them at www.OptionsForYourHome.com
I have been in the market for building a new home. Our family has interviewed a handful of builders and received quotes
on the same plan. Many of the quotes differ in price, why is this?
There are three factors that make up the price for a home. They are quantity, quality, and builder markup. It is very important
as a consumer to make sure you are comparing apples to apples. In this area it is well known that builder’s markup may vary by a percent or two, not a big factor while comparing overall price. Major Price discrepancies
are typically found in quality and quantity. A great way to compare quality of product is first by sitting with a builder representative and going through
all the quotes and along with the building specifications used for each quote. Next is your personal observation of the craftsmanship in the builder’s model home. If you find that quantity
is one of the reasons a builder has come in less expensive than others, you may want to be concerned. It could very well mean they are looking for ways to
cut corners on the project just to get the job done. Please keep in mind these factors pertain to house price only. There are other factors such as land
and land improvement costs that will need to be compared if you are looking at different home site locations.
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