© 2023 IQ Homes LLC.
If this is a Full Solar home, where’s the solar?
So where’s all the solar?
How to get your own Full Solar Home.
You’re not going to find a Full Solar Home for
sale any time soon. You need to build one. If
this seems a little scary, don’t worry. Take
another look at the Calculator to remind
yourself it’s well worth a little effort.
And remember, this is your chance to get
exactly the home you want.
We make it easy for you and easy for your
builder.
The main parts of the project are plans, a builder, a
building lot, and financing.
You can save a lot of time by working on all four
aspects simultaneously, and you’ll see they’re all
interdependent. Talk with local banks (see financing
below) and determine the overall budget (financing
available you, and downpayment). You might get a
referral to a builder or two that the bank knows.
Looking at building lots early on will probably show
that most available lots are more or less the same
size (see building lot below) and that allows you to
start your plans even before you buy a lot.
Plans are where we come in and it’s best to start
them as early as you can. This is described on the
Get Plans page. Proper plans are your key to
saving a lot of time and money on your new
home.
As a custom home client you can stipulate that
you will pay directly for some or all materials —
including the solar from the list we provide — and
certain subcontractors (see financing). When you
request bids from builders, plumbers and
electricians let them know you will pay separately for
materials. The HVAC bid should include the
equipment, warranty and availability of service.
A few hours on the internet, a few phone calls or
visits to distributor showrooms, and emailing plans
to vendors will save you thousands and thousands
of dollars on materials. Big money items include
building materials, windows, doors, cabinets and
flooring — and solar hardware. By the way, building
supply vendors know all the contractors and you can
get good referrals.
Depending where you intend to build, there are
probably several independent builders with
experience building homes in your general price
range. If you work with a Realtor to find your lot, they
will know some good ones. Some builders own lots
for sale to their construction clients.
Many experienced independent builders got caught
in the last housing bust and shifted their business to
renovations and remodels. Your Full Solar Home
project will be very interesting to some of them.
There is plenty of information online about checking
licenses and references and caveats about
contractors in general. This article is not
comprehensive, but offers guidance about your
relationship with your builder.
The best way to begin with a builder, plumber,
electrician, HVAC or any other subcontractor or
vendor is to email plans or bill of materials and ask
for a bid. Our plans are builder-friendly and
include takeoffs and bills of material. Be clear
about which materials and subcontractors you will
pay for directly to simplify their bid.
Thinking owner-builder or DIY? Anyone who can
build a regular house can build a Full Solar Home
with our plans and instructions. Check with your local
building department about owner-builder or DIY
regulations.
Full Solar Home
Financing a Full Solar Home is the same as with any
custom home. Generally your downpayment
requirements will be the same as if you bought an
existing house.
The most convenient way to finance a custom home is
called “temp-to-perm.” This is temporary construction
financing (interest charged only on the amounts paid
out) that converts to a (permanent) mortgage at a
locked-in rate when the construction is complete.
Your building lot can be used for a down payment if
you already own it, or you can make a cash down
payment and pay for the lot from the temp financing.
Normally a reasonable amount of “soft costs” like
surveys, plans and permits are financed as part of the
deal. Your full set of engineered plans should
count towards your downpayment.
“Temp-to-perm” financing is commonly available at
local banks. Just as financing an existing home
involves an appraisal before financing is approved,
for a custom home the appraisal is done using your
plans. Passing appraisal should be easy because your
Full Solar Home is so much more valuable than other
homes at similar prices. We make sure you have
everything the bank needs to avoid delay.
There are several aspects to choosing a building lot.
The most obvious in terms of a Full Solar Home is
trees. A small lot surrounded by big trees may not get
many hours of sun on the roof. Tall trees north of the
house will not be a problem.
Verify the setback requirements for construction on
the lot. (Call the local building department if the
information isn’t online). Setback is how far the home
must be set back from the front, rear, and side lot
lines. The current owner should have a survey map
with exact dimensions and elevations.
The exact dimensions are probably online at the
county Property Appraisers website, but the
elevations may not be.
There are other considerations, depending on your
location. The finished floor of your home will need to
be at least 18 inches above the crown in the center of
the street. Will the lot need too much fill? Some
situations need a soil test to verify compactibility, for
example.
Is there an HOA? Any other covenants or restrictions
about what you can build?
Check the FEMA flood zone maps which can affect
insurance costs.
Make sure your purchase agreement includes at least
30 days for your due diligence, so you can cancel and
get your earnest money back if you find something
unexpected or even just change your mind. In
purchasing a lot, a good Realtor is your best ally.
The information here is not comprehensive and is
provided as guidance. Hundreds of thousands of
families have built custom homes, and you can do it,
too.
Keep your eyes on the prize.
We’re here to help.