Summary of Buy Land and Build a Custom Home

Summary of Buy Land and Build a Custom Home

This time, we've divided it into 4 days, and it's a summary page of how to buy land and build a custom house. We have listed the flow up to move-in, so please check the contents of each chapter and check them in order.

■Flow of Steps to Move In

Guide to moving in
​34-12 months ago

Action period guide
​About 1-3 months

STEP1 "Create an Image of Living"

Think from the conditions that are assumed in advance

▢ Image from non-negotiable conditions

▢ Image from assumed budget

▢ Image from the house you want to build

▢ Image from the area you want to live in

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Focus on surrounding environment and location conditions

▢ Time to the nearest station

▢ Commuting time/School time

▢ ​Educational facility opening hours and reputation

▢ ​Level of medical and welfare

▢ ​Sufficiency of commercial facilities such as supermarkets

▢ ​Market price in the area

▢ ​Convenience such as transportation

STEP2 "Let's make a Financial Plan"

▢ ​Consider how much self-fund can be prepared

▢ ​Estimate the amount of money you can repay each month without difficulty

▢ ​Calculate the approximate total budget for the building fee including incidental construction costs

▢ ​Decide on the target of "land cost + building cost"

▢ ​Plan ahead of time so you can have your money ready

Guide to moving in
​31-11 months ago

Action period guide
​About 1-3 months

STEP3 "Let's find a Concrete Land"

▢ ​Determine the budget, size, and specific area to envisage and consult with the real estate company.

▢ ​Find deadline

▢ ​Prioritize desired conditions and find compromised conditions

▢ ​Make sure the imaged house is built on the land

▢ ​Please confirm in advance that "with an old house" may require additional demolition costs for the building or may not be reconstructed.

▢ ​Basically, the "Building Condition" land is conditional on the land seller making a construction contract with the construction company designated by the seller within a certain period of time, so please check before you make a contract.

STEP4 "Look for a Construction Company"

▢ ​Find a construction company that builds the house you imagine

▢ ​Finding a construction company while simultaneously searching for land

▢ Consult with an interested construction company about land search

STEP5 "Site Survey and Ground Survey of the Site"

▢ ​Ask a site survey to find out what kind of house can be built on the land you searched for

▢ ​Ask a ground survey to see if it has the necessary ground properties for construction

Guide to moving in
25-8 months ago

Action period guide
​About 3-10 months

STEP6 "Land Purchase/Contract"

▢ ​Get an explanation from a real estate company about important things about the land

▢ ​At explanation of the important matters, make sure that there is no explanation different from the information examined and that there are no other concerns.

▢ ​Conclude land sales contract

▢ ​Pay the deposit

▢ ​Preparation of money for balance payment

▢ ​Make any remaining payments other than down payment

STEP 7: "Building Planning and Design"

▢ ​Discuss with your family what kind of home you want to live in

▢ ​Write hopes and prioritize

▢ ​Clarify the points when considering a floor plan and consult with the construction company

▢ ​Clarify the points when considering facilities and buildings and consult with the construction company

STEP8 "Construction Contract"

▢ ​Check in advance for a copy of documents such as "Construction Contract Document", "Construction Contract Conclusion Form", "Quotation" and "Design document"

▢ ​Sign a building contract

STEP9 "Construction Confirmation Application"​

▢ ​Make sure that the building plan complies with laws and regulations, apply for a building confirmation, and undergo a confirmation examination

Guide to moving in
15-5 months ago

Action period guide
​About 4-12 months

STEP10 "About Mortgages"

▢ ​Once the land and building plan is finalized, determine the specific loan amount required

▢ ​Think about a loan plan when land payments are upfront

▢ ​When using a bridge loan, check with your financial institution if you can use a bridge loan at the stage of considering a mortgage

▢ ​For mortgages, including interest rate types, plan to be able to repay comfortably according to your life plan, and select a plan that matches that.

▢ ​If you are uncertain about choosing a mortgage, consult with a construction company.

▢ ​When applying for a mortgage, check with your financial institution to see if you can make a payment by the due date.

STEP11 “Construction (Starting → Upper building → Completion)”

▢ ​Confirm whether to hold the ceremony of sanctifying ground or framework completion ceremony

▢ ​Greetings to neighbors, including trouble during construction

▢ ​Visit the construction site and observe the construction process

Guide to moving in
​3-1 months ago

Action period guide
​About 1-3 months

STEP12 "Delivery, Moving In, and After"

▢ ​Check the completed building at the completion stage

▢ ​Perform completion inspection by a third party

▢ ​Repair of defects checked by "complete stage" and "completion inspection"

▢ ​Delivery

▢ ​Check the contents of after-maintenance

▢ ​Check the contents of the open house with the construction company in advance.

When you actually search for land and then a construction company, there are many unclear points. If you have any questions, please feel free to contact us. Let's build a dream home together.