Sep 7, 2022
Building a custom home from the ground up is an exciting process, and Overstreet Builders is here to help you every step of the way. Our build on your lot option is available for homebuyers in the Chicago suburbs who have their eye on a perfect piece of property. It means you can have the home of your dreams without sacrificing your ideal location. Keep reading to learn more about our build on your lot process, benefits, and answers to common questions.
What Does Build on Your Lot Mean?
Building on your lot simply means that we will build your new home on the land you already own. Many builders, us included, have master-planned communities with amenities and new homesites that are ready to build on. But sometimes, our clients already have their perfect property in mind.
Maybe it’s a spot with family history or amazing views. Maybe it's convenient to your kids' schools or your workplace. Whatever the reason, we’re happy to bring your vision to life exactly where you want it. While established communities have their perks, building on your own land affords a level of customization that may not be possible otherwise.
The Process of Building on Your Lot in Chicago
Building a luxury home from the ground up takes time, but we’ll walk you through every step of the process so there are no surprises.
Here’s an overview of what you can expect:
Consultation: The first step is to meet with us and discuss your vision for your new home. We want to get to know you and understand what you’re looking for in a new construction home.
Find your location: This is an important step because the land will need to meet certain criteria in order to support your new home. If you don't have property picked out in Chicago already, we can help you find a great spot. Our team can assess its feasibility for building and help you determine if it’s the right fit for your new home.
Establish a budget: Either using the cost of your land or your desired floor plan, we can help you determine a budget for your project. We want to make sure you stay within your means and end up with a home you love.
Design your dream home: This is where the fun really begins! You’ll work with our team of architects and designers to make your home take shape. With so many options available, choosing finishes, fixtures and features for your new home can be overwhelming. But our team will guide you through the process and help you make selections that fit your style now and into the future.
Timeline and construction: Once the design is finalized, we’ll develop a timeline for construction. We know your time is valuable and you're eager to move in, so we'll work efficiently to get your new home built as soon as possible.
FAQs About Building on Your Lot
There are so many benefits to building on your lot, but we understand that it might not be the right fit for everyone. Below are answers to some common questions we get about this process:
How much does it cost to build on your lot?
Building on your lot costs about the same as building in one of our master-planned communities. It varies depending on the size and complexity of the home, as well as the land itself.
What kind of home can I build?
We have over 20 floor plans that can be customized to fit your needs. From classic ranch-style homes to lavish estates, there's something for everyone!
Can I make changes to the floor plan?
Yes! We want your home to be a perfect reflection of your style and needs, so we're happy to make changes to our floor plans.
How long does it take to build a home on my land?
Again, this varies depending on the size of the home and any special requests you might have. And because construction happens outside, the Chicago weather can also play a role. But on average, it takes about 8 months to build a new home.
What happens after I move in?
Great question! We offer a comprehensive warranty program for all of our homes, so you can rest assured knowing your home is covered. We also have a dedicated customer care team that's always here to help with any questions or concerns you may have. This recent blog post covers all of that in more detail.
You might have purchased the land with the intention of building on it someday, or you might still be looking for that perfect property... Either way, we’re here to help turn your vision into reality.
Building a home on your lot is a great way to get exactly what you want in a new home, and we’d love to be part of that process. If you have more questions about building on your lot in the Chicago suburbs or you’re ready to get started, contact Overstreet Builders today!