How can you finance new construction?

• <div><p>Yes, you can finance new construction, though the process often requires a different type of loan than one for an existing property. There are several financing options available:</p><ul><li><p><b>Construction-to-Permanent Loan:</b> This is a common option where a single loan covers the building costs and then converts into a traditional mortgage once construction is complete and you move in.</p></li><li><p><b>Construction Loan (Stand-Alone):</b> This type of loan provides funding only for the duration of the construction project. Once the house is built, you will need to pay the loan in full, typically by securing a separate, standard mortgage.</p></li><li><p><b>Builder Financing:</b> Some custom homebuilders offer their own financing options, which may only require a down payment to begin the building process.</p></li><li><p><b>Bridge Loan:</b> This can be a useful short-term loan to fund your new construction while you are in the process of selling your old home.</p></li><li><p><b>Home Equity Options:</b> If you are building a second home, you might be able to use a home equity line of credit (HELOC) or a cash-out refinance on your current property.</p></li></ul><p>It's also important to be aware that some lenders may have restrictions on financing for DIY house builds, so be sure to verify that you can secure financing before starting your project.</p></div>

Summing it up: Should I own a brick house?

• <div><p>If you want to make your home eco-friendly, enjoy low maintenance, and love the fact that its looks will take people’s breath away (and not because they were trying to blow your house down), then a modern brick home is right for you. You can hire a mason to get the building process started for your brick home.</p><p>But if you’re not fond of the color and don’t want to deal with the process of repointing or other repairs, consider going with vinyl or wood. These materials offer a lower cost. While they tend to require more maintenance, they don’t cost nearly the same as exterior brick house repair.</p></div>

Is it more affordable to gut a house than build a new home?

• <div><p>Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

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Q: What’s the difference between a custom home and a spec home?

• <div><p>A custom home is one that you design from the ground up, allowing you to customize everything from the square footage to the interior layout to all of the materials used. A spec home is one that a builder has designed and gotten approvals for. Spec homes may give you some limited options for the layout and materials, but most of the build is pre-set. <a href="https://www.angi.com/articles/cost-to-build-custom-home.htm">Custom homes cost</a> more and take longer to build.</p></div>

Q: Can you build a house without blueprints?

• <div><p>Building a house without blueprints is not advised. It will prevent you from obtaining necessary building permits and meeting building codes and is likely to result in shoddy construction and unsafe living conditions. Detailed blueprints ensure that a house is built to exact specifications and is constructed safely and structurally stable.</p></div>

Q: Is it more affordable to gut a house than build a new home?

• <div><p>Whether it&rsquo;s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it&rsquo;s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

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Verified Reviews for Home Building pros in Marshall, MN

*The Angi rating for Home Building companies in Marshall, MN is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Home Building needs.

*The HomeAdvisor rating for Home Building companies in Marshall, MN is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Home Building needs.

Last update on July 15, 2026

Reviewed in July 2026
Erdmann Construction replaced our vinyl siding after it was damaged in a hail storm. Matt did a wonderful job of installing the siding in a timely fashion and the completed project looks amazing and professionally done. We would highly recommend Erdmann Construction for any future construction...
Erdmann Construction LLC
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Reviewed in November 2024
I just recently had a duct cleaning done by a reputable company after moving into another home. The time and manner in which they performed the service was well beyond what I had experienced with Top Dog. So, that is why this complaint is being filed after more than 1 yr. Top Dog advertised (and...
Top Dog Cleaning Crew
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Reviewed in May 2022
They have done a great job of a variety of job of home repair.
Norse Force LLC
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Reviewed in April 2020
Deanna was polite, timely, and a pure joy to have in my home while she painted. She took the time to speak with my children and always had a smile. She was very thorough and did an excellent job on the painting.
D's Painting
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Reviewed in September 2018
I have commercial properties that they handled the bathroom remodels. At my home they installed a 2500ftsq of hardwood and then tile on top of that. They are hard working and I am a stickler on time lines and they did exactly what they said they would in the time frame agreed upon.
C & C Custom Interiors, LLC
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Reviewed in April 2015
Rob Dunham, Owner of All-Star Basements, that performed work in my home specified under a design draw-up and pricing estimate from his previous employer, American Waterworks sump-pump company, as if they were executing the project. He never disclosed he was no longer with American Waterworks and...
All-Star Basements
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Reviewed in July 2014
The whole experience with Distinctive Stone went seamlessly! <br /> <br /> First, I needed to choose a stone. The office manager reviewed many, many options at their varying prices. It was a long process, and she was helpful, kind, and patient while I reviewed my options. I wanted a light...
DISTINCTIVE STONE INTERIORS
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Reviewed in June 2013
I called he got back to me and he wanted to come out when he was coming this way next, I thought as long as I was paying for the service anyway he should have come when it was convenient for me as I work, but Nope he had to come when he felt like it and he ordered the control panel first and...
Russ's Appliance Repair
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Find Home builders in Marshall

Sentri Homes

2.9(

)

Find a Custom Home Builder

Serving Marshall, MN and surrounding areas

Approved

In business since 2023

Free estimates

Emergency services offered

"All the work was on time and to satisfaction! The crew was kind and professional! I would definitely use this company again for all my home improvements!"

23 neighbors recently requested a quote

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Ascended Constructions

New to Angi

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Serving Marshall, MN and surrounding areas

Approved (Corporate)

In business since 2023

Offers commercial services

Were a family owned and operated company that values honesty and integrity, and stands behind our work. We offer over 40 years of industry experience. We specialize in Asphalt Shingle Roofing installation, replacement, and repairs. Our services are customized to the individual project, paying close attention to the details of each project that we're involved with. We look forward to building long-term relationships with our clients and guarantee your satisfaction!

1 neighbors recently requested a quote

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Garden Structures & More

4.6(

)

Shelter or Outbuilding - Build

Serving Marshall, MN and surrounding areas

In business since 1998

Free estimates

Emergency services offered

"Hal is a bit of a character and drives an old truck, but he is very pleasant and takes great pride in his workmanship. One of the few times in our history of several home projects where a project has exceeded our expectations."

+10

Recommended by95%of homeowners

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American Home Shield – Home Warranty

3.5(

5,688

)

Find a Custom Home BuilderFind a Modular Home Builder

Serving Marshall, MN and surrounding areas

In business since 1971

Credit card accepted

"The technician did an excellent job. It did take a while to get the repair finished, but that was due to Bertazzoni delivering the parts. I have had multiple problems with this particular appliance. My range now works better than it did when new, but I have a feeling that even if I have continuing problems with it, American Home Shield will just repair rather than replace due to the cost of the range. By the way, I'm not exactly sure of the date of the repair."

Recommended by65%of homeowners

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Home Inspections by Bryan

5.0(

)

Find a Custom Home BuilderFind a Modular Home BuilderShelter or Outbuilding - Build

Serving Marshall, MN and surrounding areas

In business since 2004

"The house turned out great! We’re very happy with our new home."

Recommended by100%of homeowners

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Burmeister Construction

New to Angi

Find a Custom Home BuilderShelter or Outbuilding - Build

Serving Marshall, MN and surrounding areas

In business since 1993

Burmeister Construction is Minnesota's premier construction company, with over 10 years experience we specialize in a wide range of services. We provide all of our customers with reasonable pricing, quality workmanship and professional service. For all of your home improvement needs Burmeister Construction is above and beyond the rest.

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J-Allen Building and Remodeling, LLC

New to Angi

Shelter or Outbuilding - Build

Serving Marshall, MN and surrounding areas

In business since 2001

Free estimates

Credit card accepted

12 years experience allows J-Allen Building and Remodeling to apply top quality construction expertise to home projects. Our pride is listening to our clients to ensure their dreams become reality.

Find a Custom Home Builder

Serving Marshall, MN and surrounding areas

In business since 2012

Free estimates

Credit card accepted

Ernz Painting is dedicated to providing our customers with the best quality and craftsmanship. We are here to build relationships with our customers and communities. No job is too big or too small! We look forward to working with you!

Response time30 mins

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Home Building questions, answered by experts

Yes, you can finance new construction, though the process often requires a different type of loan than one for an existing property. There are several financing options available:

Construction-to-Permanent Loan: This is a common option where a single loan covers the building costs and then converts into a traditional mortgage once construction is complete and you move in.
Construction Loan (Stand-Alone): This type of loan provides funding only for the duration of the construction project. Once the house is built, you will need to pay the loan in full, typically by securing a separate, standard mortgage.
Builder Financing: Some custom homebuilders offer their own financing options, which may only require a down payment to begin the building process.
Bridge Loan: This can be a useful short-term loan to fund your new construction while you are in the process of selling your old home.
Home Equity Options: If you are building a second home, you might be able to use a home equity line of credit (HELOC) or a cash-out refinance on your current property.

It's also important to be aware that some lenders may have restrictions on financing for DIY house builds, so be sure to verify that you can secure financing before starting your project.

A custom home is one that you design from the ground up, allowing you to customize everything from the square footage to the interior layout to all of the materials used. A spec home is one that a builder has designed and gotten approvals for. Spec homes may give you some limited options for the layout and materials, but most of the build is pre-set. Custom homes cost more and take longer to build.

Building a house without blueprints is not advised. It will prevent you from obtaining necessary building permits and meeting building codes and is likely to result in shoddy construction and unsafe living conditions. Detailed blueprints ensure that a house is built to exact specifications and is constructed safely and structurally stable.

If you want to make your home eco-friendly, enjoy low maintenance, and love the fact that its looks will take people’s breath away (and not because they were trying to blow your house down), then a modern brick home is right for you. You can hire a mason to get the building process started for your brick home.

But if you’re not fond of the color and don’t want to deal with the process of repointing or other repairs, consider going with vinyl or wood. These materials offer a lower cost. While they tend to require more maintenance, they don’t cost nearly the same as exterior brick house repair.

Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction.

Most homeowners pay between $100,000 and $200,000 for demolition and remodeling costs, whereas the average cost to build a new home is between $139,000 and $531,300.

The Marshall, MN homeowners’ guide to home building services

From average costs to expert advice, get all the answers you need to get your job done.

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