With Next Step Builders, we understand all that goes into building a new home or remodeling your existing one. It’s the type of investment we don’t take lightly. Therefore, we also provide real estate services to help walk alongside you as you plan for your next project.
Sam Shultz has been a licensed real estate agent in Indiana since 2012. He is currently working with Hallmark Excellence in Goshen, IN. Sam has taught real estate school as well as helped numerous folks like yourself prepare their home for sale to get top dollar. You don’t need to look anywhere else, if you’re considering selling your home, we can take care of that for you!
Because we have worked with numerous lenders in the area over the past several years, we know a thing or two about how to help you find a top quality lender to help you with financing your remodel or getting a construction loan. Some are more efficient than others, so let’s talk. We can help you through this process and assist you in making it as seamless as possible.
The bathroom is leaky and the kitchen looks like it’s been on the Brady Bunch. (Do we need to point out the avocado green?) But what do you do when there just doesn’t seem to be enough money to pay for a remodel? Let’s sit down and talk about it.
Often, you can pull equity from your home to finance your project either in a home equity loan or by refinancing. We also aren’t the most expensive company in the area for a reason. We try our best to keep your costs low. We are also good at being creative to get you that contemporary design for a fraction of the cost. Contact us now and let’s go over your options together.
As a licensed Realtor®, Sam Shultz can help you with your search for property. Whether it’s scrubbing the local MLS for listings or knocking on doors, we can work together to find you the land you need so you can build the home of your dreams!
If you own your own home and plan to sell it once your new home is built, our local banks can help. There are a couple types of financing that we may consider together.
According to Forbes.com, “Bridge loans let homebuyers take out a loan against their current home in order to make the down payment on their new home. A bridge loan may be a good option for you if you want to purchase a new home before your current home has sold.
When used for real estate, a bridge loan requires a borrower to pledge their current home or other assets as collateral to secure the debt—plus, the borrower must have at least 20% equity in that home. Bridge loans also tend to have high interest rates and only last for between six months and a year, so they’re best for borrowers who expect their current home to sell quickly, which funds the new project while you only pay the interest on what you borrow and then sell your house, paying down the new loan, or refinancing the construction loan.
New construction loans often require a minimum 10% down payment but cover everything from the land purchase to handing over the keys. Some banks are better than others, but there are a few locally who work with us directly to give you less to worry about. They can manage the construction funds for you, disperse payments, order inspections from certified home inspectors and appraisers, and more.
Construction loans can combine your construction financing and permanent financing, lock in your interest rate before breaking ground, and even improve your interest rate if it drops before your home is complete. During the construction phase, you’re only required to make interest payments.
With only paying the interest on top of a current mortgage, we can work to sell your home while we build your new one. Then, by the time you close on your new home, our hope will be to also be closing on your existing home! Being part of both processes, we can help you make sure timing everything works out the best way possible.