Issues When Building Your Dream Home

Building your own home from scratch can come with great perks. When you custom build, it’s your choice what sort of luxuries you want to enjoy, however, taking on such a major endeavor is bound to come with a fair share of challenges.

At SRC Land, we believe everyone should be properly informed when it comes to building their dream home.

If you’re looking to settle down in Harlingen, but worry you won’t have your finances in order to make the purchase, contact our team of real estate experts to learn more about our seller financing options.

We are here to help you make your dream house a reality.

What are Common Issues When Building a Custom Home?

Look at your home design from different angles. Consider your current and future lifestyles. Be sure to meet with professionals and avoid poor design choices that can make your home downright impractical.

Unlike pre-built or semi-custom homes, each fully custom home presents its own unique set of challenges. It’s important to work with a trustworthy builder and architect. Custom designs tend to require professionals with well-honed skills and experience, which allow them to anticipate and solve the many problems that can arise during the building stage.

Issues Between Design and Budget

The best way to resolve this issue is to avoid it altogether. Oftentimes, a landowner designs their dream home without consulting a professional and before determining if their budget is sufficient for all their wants and needs.

The trick is to bring a builder or architect early in during the design phase so they can provide accurate quotes for every design version. If your home design and budget do not coincide at any point, you will know before it’s too late.

Delays

Delays are already common in real estate but custom builds can pose more problems. A delay in securing a permit is a very common reason houses take longer to build than expected.

Understanding the permit securing process and even why you need them can help to accelerate the procedures.

First of all, your builder should take care of all permits, licenses, HOA approvals, and inspections. Confirm with your builder that this is within the contract and inquire from the start about city permits, HOA approvals, processes, and timelines. Second, permits never take the amount of time you think they should—they take longer. This is frequently due to heavy paperwork involved in issuing them.

Another common reason for delays is decision making and shipping of materials, which takes us to the next issue.

Decision Fatigue

Cabinets, sinks, countertops, flooring, hardware, fixtures—virtually every aspect of your new home will require you to make a decision on, and then the materials will need to be ordered. If your material of choice is out of stock, it can take weeks or even months before your order can be fulfilled.

For some, the decision-making process can be overwhelming. Give yourself plenty of time to explore your options and do research on the interior design you wish to go with. Once you have a style in mind, stick to it. This will make it easier to make a decision when your first option is not available. Frequent mind-changing is known to be the number one reason for delays.

Knowing the risk for decision fatigue, builders and architects can provide you with preselected options that match your vision.

Poor Space Planning

When you are looking at your home’s blueprints, try to imagine doing a walk-through. Remember to take your lifestyle and habits into consideration. Think long-term to see where you will be and what you will need from your home.

Pay attention to where you place your closets and recreation rooms. There should be one closet in each bedroom and in the main hallway. But do you really need that man cave? Too many underused storage or recreational spaces can take away from living space.

Shortcuts

People believe brand-new homes are free of major issues. However, shortcuts and cover-ups for mistakes during such a huge production commonly linger below the surface of a new home.

Poorly cut door frames, misleveled floors, or something insignificant as a misplaced electrical outlet, can make a corner of your home completely uncomfortable.

These are only some of the possible difficulties you could encounter when building your custom home. Always consult with your professionals of choice for advice when building on your land.

If you’re looking for the perfect lot in Harlingen to build your dream house, the real estate experts at SRC Land can help you find and buy the right spot for the right amount.

Call us today to learn more about our seller-financing mortgage options.

Why Buy a Beach House When You Can Build One? Choose This Property in Port Isabel Now Before It’s Gone!

SRC Land is back at it again, offering this perfect lot of land found in Port Isabel, only a few miles away from the Queen Isabella Causeway bridge. This property for sale enjoys the ambience of a beach house, while still remaining close to everything you may need to survive and thrive.

And remember, you don’t have to have a perfect credit score to become a landowner. Contact SRC Land or click here to learn more about our seller-financing options.

Property Highlights

This property right off E Ocean Blvd offers easy access to the South Padre Island, as well as to several nearby seafood restaurants, schools, and the commercial heart of Port Isabel. There are 74 residential lots available during Phase 1 with low monthly payments.

Location: Off E Ocean Blvd, between Laguna Madre and Laguna Larga, between Santa Isabel Blvd and Port Isabel High School. The property is also near the Pelican Station and other main roads, making it easier to travel to and from home and other popular commercial centers.

Size: This property comprises 74 residential lots.

 

Amenities Nearby

With a low cost of living and lots of development potential in this particular area, you can find a lot of the following amenities nearby:

Schools

  • Port Isabel High School (0.7 miles away)
  • Port Isabel Junior High School (0.7 miles away)
  • Garriga Elementary School (3.3 miles away)

Restaurants

  • Taquería El Jarocho (0.3 miles away)
  • Into the Blue Restaurant (3.4 miles away)
  • Manuel’s (3.4 miles away)
  • Joe’s Oyster Bar (3.4 miles away)
  • Dirty Al’s at Pelican Station (3.5 miles away)

Groceries

  • H-E-B (2.2 miles away)
  • Walmart Supercenter (3.4 miles away)
  • El Valle Tortillería Factory & Grocery (~4 miles)

Bars

  • Doubleday (3.0 miles away)
  • J & Bubba’s Bar & Grill (3.3 miles away)
  • Causeway Bar & Grill (3.4 miles away)

Property for Sale in Port Isabel: SRC Land

Whether you’re looking for a place to plant family roots or for a spot to fly solo, Port Isabel is the perfect city for you. From a rich culture with great potential to fun spots to visit, this property is the perfect blank slate for you. Plus, enjoy the calmness of beach living with a great nightlife nearby!

Ready to buy? Need to talk to a representative? That’s okay! We’re here to help you find the perfect property for you. Contact us today to acquire more information regarding this amazing land in a great city!

 

Learn more about this particular lot and our easy seller-financing options today!

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Is a Seller-Financed Mortgage Right for Me?

Buying your own land is one of the key ideals cemented into the American Dream, but so many people are barred from doing so because of their credit–or lack thereof. At

SRC Land, we believe that everyone should have the opportunity to find their own place to put down roots, and to that end, we provide our clients with seller-financing options for mortgages.

If you’re looking for land for sale in Harlingen but worry you won’t be able to get the financing needed to make a purchase, contact our team of real estate experts today to learn more about your options.

What is a Seller-Financed Mortgage?

Seller-financing is a real estate agreement made between a seller and property buyer without the use of a financial institution like a bank. Instead of signing a mortgage with a bank, the purchaser signs a mortgage agreement directly with the seller.

Seller-financing is a popular option for people who may find it difficult to get a traditional loan.

The Benefits of Seller-Financed Mortgages

The primary benefit of seller-financing is that it allows those with poor credit to purchase land. To use seller-financing, a buyer doesn’t have to meet the approval of any traditional lender, making it a viable option for those who may otherwise fail to qualify for financing.

However, that’s far from the only benefit:

    • Closing Speed — Using seller-financing helps speed up the purchasing process.
    • Affordability — Seller-financing usually leads to lower costs than hiring a third-party or using a traditional lender.
    • Flexibility — Because there isn’t a third-party to negotiate with, terms can usually be more flexible than those offered by traditional lenders like banks.
    • Short Mortgages — Terms are flexible and often cover a shorter period of time than traditional mortgages.
    • Quick Turnaround — Shorter mortgages help ensure that you’re protected no matter what happens to the housing market in the long run.

In addition, a shorter loan timeline means more time for you to enjoy your property after the payment process is completed. Seller-financing allows purchasers to fully own their homes within a shorter period of time than the tedious process of paying off a bank would.

Using Seller-Financing with SRC Land

By directly negotiating mortgages ourselves, SRC Land is able to ensure that you get the land of your dreams at an affordable price, regardless of credit. While any major purchase will bring with it a certain level of risk, seller-financing puts the control in the hands of the seller and buyer, rather than a financial institution.

Seller-financing isn’t a well-known option among property buyers, but at SRC Land, we’ve mastered the seller-financing system in order to find common ground between ourselves and our clients. Our clients are our number one priority, and seller-financing allows us to look out for them.

If you’re looking for the perfect lot in Harlingen, the real estate experts at SRC Land can help you find and buy the right spot for the right amount.

Call us today to learn more about our seller-financed mortgage options.

Become A Landowner Today

Establishing a Budget for Your Next Land Purchase

Do you want to purchase land, but haven’t yet established a budget to help you reach your goal?

It’s important to take your budget into account so that you can determine what you can afford and how mortgage payments will affect your overall financial situation.

By planning before making the jump, you’ll be able to save more money and ensure you don’t strain yourself. However, it can be tricky to calculate your income and expenses.

Today, the land developers of SRC Land will give you some tips to help you prepare your budget.

How Much Do You Earn and How Much Do You Spend?

The first step to creating your budget is to determine your income and expenses. By doing so, you’ll be able to determine how much you can save for your down payment.

When it comes to your expenses, determine which are related to your essential needs, and those related to your lifestyle and hobbies. It is these expenses you should focus on and remove those you can do without. Keep in mind that the expenses you eliminate should be done for the long term. 

Make sure to keep a list either on paper or on spreadsheet software, such as Microsoft Excel.  

Set a Goal: Calculate How Much You Can Save

Once you have determined your income and expenses, calculate the percentage you can put into savings. It’s generally recommended that you save 20% of your salary, which means 50% of your income should go towards your essential expenses and 30% towards personal expenses. 

Of course, when it comes to savings, it shouldn’t jeopardize your economic stability. If saving 20% affects you too much, you can choose to decrease the percentage according to your capabilities and just save over a longer period.

Remember that your goals should be: measurable, relevant, clear, and realistic. 

It is best to do what is reasonably achievable without sacrificing your whole lifestyle. All it takes is a bit of discipline and effort. 

Remember That Your Budget Can Change

As much as we can try, budgets don’t tend to keep still. Circumstances can happen and sometimes we need to make adjustments to fit in unexpected expenses. These budget adjustments should only be periodic and controlled so that you can effectively work towards the project ahead.

Changes to your budget can also arise because of costs related to fixing up the land you decide to purchase. Some of these circumstances can be: additional works, permissions, changes in the specifications of any construction taking place, the rise in prices in the market, and other challenges. 

Think About the Type of Land You Want to Buy

Think about your ideal lot so you can estimate how much you need to save. You’ll want to get an idea of market prices in your area and the type of properties available to you. Alongside the upfront cost of the property, you’ll also want to keep in mind any additional fees and taxes that may come along with the purchase.

Knowing what costs to expect should help you come up with a budget that will help you reach the next steps.

Land for Sale in Harlingen

At SRC Land, we know how overwhelming the process of buying land can be, and that’s why our goal is to simplify it and work with you to make your dreams of owning land a reality.

Find the best affordable lots for sale in Harlingen, Texas, with SRC Land!

Contact SRC Land