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>

Should I hire a construction manager for new construction?

• <div><p>A construction manager is particularly useful in the case of a large-scale build with custom design elements, so it’s usually worth it to hire one. They can help manage your budget, maintain quality control, oversee timelines, and navigate unexpected hurdles. While <a href="https://www.angi.com/articles/construction-management-fees.htm">construction managers are pricey</a>, they can actually save money in the long run by identifying cost-saving opportunities and ensuring the project stays within budget.</p></div>

Best custom home builders near Elko, NV

Q: Is it less expensive to renovate or build a new house?

• <div><p><a href="https://www.angi.com/articles/renovate-vs-remodel.htm">Renovating or remodeling</a> an existing structure is usually less expensive than the cost to build a new house. That&rsquo;s because you can save on the costs of new building materials, laying a foundation, framing the entire building, and installing new materials and utilities throughout the house. However, if a home is in very poor condition or is incredibly old, you could spend more on upgrades and restoration compared to building from scratch. </p></div>

Q: Can any house be called a cottage?

• <div><p>The term &ldquo;cottage&rdquo; is subjective, so there&rsquo;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.</p></div>

Q: What size of house is considered a cottage?

• <div><p>Most cottages are around 1,000 square feet, making them smaller than most other styles. However, cottages are defined more by their decor and architectural focus on simplicity, functionality, and a connection to nature than they are by a rigid square footage or floor plan. While cottages are defined more by their charm and appearance than size, the smaller footprint does help maximize the comfort and charm, and it keeps the focus on connection to nature and family.</p></div>

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Verified Reviews for Custom Home Building pros in Elko, NV

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

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

Last update on February 27, 2025

Reviewed in February 2025
Andy worked for me for 3 years as a managing employee involved in all aspects of a manufacturing and sales company. He proved himself adept at variety of skills including carpentry, welding, small engine repair, electrical and mechanical troubleshooting and repair and equipment lighting, but...
Solid Rock Construction
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Reviewed in December 2023
Formally retired from the construction & real estate industry, we highly recommend & vote Jon Dixon as the person to call for home inspections. If you seek the best of the best than look no further. His jovial personality makes everyone feel comfortable and relaxed. Jon is detailed...
Dixon Inspections, LLC
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Reviewed in June 2022
Great Customer Service! Project was completed on schedule.
WOLF WORKS
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Reviewed in February 2021
Emily was incredibly fantastic. She was able to come within a few hours, change out all of the locks in the house, make them all match, install a deadbolt the next day, fix some of my warped lock openings, and even climb over a fence to get to an area my former housemates had left locked off....
Delta Lock & Key
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Reviewed in August 2020
Very meticulous and a master of his craft! He had great ideas to elaborate on our ideas that worked out perfectly. The communication was very open and honest. I look forward to working with him on other home projects.
Whitney Construction, LLC
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Reviewed in October 2018
Clay Hutnyak, owner of Alio Construction, did a fantastic job on the window and door project he recently completed at my home in Elko, Nevada. The project included replacing a fire door and sliding patio door, adding a new door in the garage and enlarging a window in the living room. It also...
ALIO CONSTRUCTION
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Reviewed in November 2016
They do excellent, quality work. They meet all expectations and are very good at achieving customer satisfactions. I was very pleased.
Battle Born Tree Trimming LLC - Accueil Facebook
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Top-Rated Custom home builders in Elko - Updated Nov 2026

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Serving Elko, NV and surrounding areas

In business since 2008

Emergency services offered

Credit card accepted

"WOW - OVER AND BEYOND CUSTOMER SERVICE!! I called in my ac Sunday around noon and job was complete within 24 hours! I highly recommend Choice Home Warranty - and Sheri Lane."

Recommended by81%of homeowners

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American Home Shield – Home Warranty

3.5(

5,689

)

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Serving Elko, NV and surrounding areas

In business since 1971

Credit card accepted

"They don't use the same contractor. You don't always get the best. It's cheaper for major repairs. They cover everything, parts, labor."

Recommended by65%of homeowners

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Serving Elko, NV and surrounding areas

In business since 2015

Free estimates

Emergency services offered

"The entire team at Ilum Solar, were outstanding in every way. We could not have been more pleased. They were very professional, honest, thorough, competent, arrived on time, the workmanship was excellent, and made the process a pleasure, from getting necessary permits, through receiving county approval. The original quote was spot on, they used high quality products and the results were excellent. We referred them to other customers, and they have been very pleased and continue to thank us. We are not ones to give out glowing reviews easily, but when you find a company that is honest, thorough, genuinely cares about their customers, and checks off all the boxes, you are very fortunate. Ilum is one of those companies! Thank you Ben, Rob, and team!"

Lincoln California New Construction + Solar

+33

Recommended by100%of homeowners

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Serving Elko, NV and surrounding areas

In business since 2023

Free estimates

Emergency services offered

"Sentri Homes did an outstanding job communicating with me through the whole renovation process. The result far exceeded my expectations. Very happy and satisfied customer."

11 neighbors recently requested a quote

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Serving Elko, NV 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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Custom Home Builders FAQs, 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.

Renovating or remodeling an existing structure is usually less expensive than the cost to build a new house. That’s because you can save on the costs of new building materials, laying a foundation, framing the entire building, and installing new materials and utilities throughout the house. However, if a home is in very poor condition or is incredibly old, you could spend more on upgrades and restoration compared to building from scratch.

A construction manager is particularly useful in the case of a large-scale build with custom design elements, so it’s usually worth it to hire one. They can help manage your budget, maintain quality control, oversee timelines, and navigate unexpected hurdles. While construction managers are pricey, they can actually save money in the long run by identifying cost-saving opportunities and ensuring the project stays within budget.

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.

Most cottages are around 1,000 square feet, making them smaller than most other styles. However, cottages are defined more by their decor and architectural focus on simplicity, functionality, and a connection to nature than they are by a rigid square footage or floor plan. While cottages are defined more by their charm and appearance than size, the smaller footprint does help maximize the comfort and charm, and it keeps the focus on connection to nature and family.

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