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[quote=Anonymous][quote=Anonymous]If you are under contract when do you start paying the mortgage and when do you expect to move in? I have no idea how this works. [/quote]

You pay a deposit when you go under contract. At that point, you then make all your design decisions. You pick your countertops, floors, tile, etc. you also select architectural upgrades like a screened porch, etc. you don’t start paying the mortgage until the house is finished. At that point, we get to inspect it and then once it is ready, we close on it and at that point we start paying the mortgage.

That is the big advantage of building with a large builder vs. a one-off tear down new build. We considered both. Typically with a new custom build, the buyer actually purchases the land and you begin paying the mortgage on the land immediately and then start paying for the construction loan during the construction period. The advantage with the custom horn though is you can truly personalize it, you pick the floor plan, exterior materials, literately everything. There are certain selections with Toll where we didn’t love any of the options (example - the countertops).[/quote]

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