Frequently Asked Questions

How long does it take to build a home?

Depending on the size of the home, it will vary. A smaller home can take 3.5 months to 4.5 months but a larger home can take 5.5 to 6.5 months to complete from the time of excavation.

What is the schedule? When do my selections have to be made?

The schedule can vary due to weather but the home will progress on a daily basis. All selections are laid out on a schedule sheet complete with vendors, vendor contacts and dates in which final selections are to be made. This will keep the home on schedule. This should eliminate or greatly reduce the chance of any back orders.

How do I/we handle all choices?

Vintage Homes, Inc. will help guide you through the process by attending any or all selection appointments for the home.

Can I make changes to the home after construction has started?

Yes, changes can be made but please note, depending on the change it could add time and costs to the building process. Changes will be done with a change order, which is $75.00, plus the cost of the change.

Will I overspend?

When the home is priced out, it will have specific allowance amounts for certain items. If you go over the allowance amount for an item, the amount of the overage is added to the price of the home. If you come in under the allowance amount on an item, the savings comes off the price of the home.

Who provides construction financing?

Financing can be done two different ways. The first option is to pay Vintage Homes, Inc. a 10% – non-refundable deposit prior to beginning construction. Then pay the balance at the time of completion. The second option is to have the buyer obtain the construction loan and pay 6 draws to Vintage Homes, Inc. The 6 draws would be set-up before starting the home. With this option, you pay as you go and the mortgage interest that you pay on the construction loan is tax deductible.

How do we get “end loan” financing?

There are many banks and lending institutions that help with this process. If you need help, Vintage Homes, Inc. can refer you to many loan officers that will walk you through the process.

How much are the taxes going to be on our new home?

When taxes are fully assessed, the average for taxes in the Iowa Quad Cities is the sales price multiplied by .018%. For example: $250,000 x .018% = $4,500 estimated