Best custom home builders near Bennington, NE

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.

The term “cottage” is subjective, so there’s no rigid definition, but it generally refers to a small home with simple and purposeful architecture that embraces nature and focuses on charm over everything else. Cottages are typically 1 or 1 1/2-stories tall, usually with gabled roofs, and are built out of natural materials that help make the structure a part of the surrounding nature rather than something that stands out from it. A big part of what makes a cottage a cottage is the decor, which includes natural materials from the nearby area.

Local regulations dictate how big an ADU can be, and there may also be restrictions on the percentage of the main residence’s square footage an ADU can have. In most cases, an ADU must be smaller than the main residence, but check with your local building authority to confirm restrictions on ADU size.

Shipping container homes last at least 25 years on average, but they can last even longer with proper maintenance. Since shipping containers are made from metal, they’re quite vulnerable to rust and corrosion. This issue is exacerbated in coastal areas or areas with a lot of precipitation. To extend the life span of your container home, install siding that protects the exterior.