OUR  PROCESS

 

The Building Process at Bruyn Homes...

 

Our personal one-on-one approach, combined with unexpected originality and high quality construction, are what make

Bruyn Homes stand apart from the competition.  It's our goal to make sure your home building experience is a positive one!

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Unless you are paying cash for all the items in step one above, it is very important that you take the time to be pre-approved for the necessary financing to complete your project.  It goes without saying that working with a top notch financial institution and mortgage representative is of utmost importance to us, thats why we chose to work with lenders such as Chemical Bank and Lake Michigan Credit Union. Contact us to learn more about our LMCU preferred builders loan process.

 

 

Financing

 

The very first step is to decide upon your budget for your new    Bruyn Home including land and improvements, such as appliances, landscaping, and any other items.

 

 

                          Budget

 

Decide where you want to live.  Once you have your budget in place, and you have a good idea of where you would like to live, then it is time to decide which home you would like to have Bruyn Homes build for you.  Many folks decide they would like to have one of our "standard" homes, but more often than not they wish to work with us to modify the home for their lifestyle.  Still others may have a plan in mind that they would like us to build for them.  Regardless of which of these situations describes where you are at, we can help.

If we do have to make alterations to a plan, at this point you will have to give Bruyn Homes a $1,500 non-refundable deposit.  However, if you build with us within 6 months of giving the deposit, these monies will be applied toward the purchase price of your new home.  We will then meet with you until we have honed the plan to where you would like it to be.  The turnaround for the first plan redesign typically takes between 1-2 weeks.

 

 

                          Location

Now we have the floor plan the way you want it, and you have made some basic decisions, now it's time to pick finish upgrades that will be included in home price.  At this point we are ready to send it out to our sub-contractors and vendors for the bids which are  specific to your home.  This process takes about 2-3 weeks.

 

 

Design

 

We get back together to sign the Construction Contract, sign the plans and specifications, and give Bruyn Homes an additional 3% of the contract amount, non-refundable deposit, which will also be applied toward the purchase price of your new home.  We then forward the signed paperwork to the Lender*.  The lender will order an appraisal, title commitment, and prepare for the closing of the loan.

Once the lender has this information, this process typically takes 4 weeks to close on the loan (  with preapproval*.  )  It is during this period that all of your home selections begin to  be made and completed before the loan closing will take place.  Upon closing of the loan, we can start construction.  The construction process can take up to 6 months from the time of loan closing, and your possession of the home will take place upon the final draw of the construction loan.

 

 

                          Building Contract

*Note:

If this is a cash purchase, and there is no lender involved, construction can proceed upon the following items having been completed: signing of the Construction Contract, plans and specifications, all selections pertaining to the home completed, the signing of the First American Title Co., Construction Escrow Agreement (mandatory with cash purchases), and all funds to complete the sale deposited into the Escrow Account for disbursement.  The cost to the Buyer for the Construction Escrow Agreement and inspection is typically $1,500.  Nominal interest is paid on the funds deposited into the Construction Escrow Agreement.

BRUYN HOMES, INC    5356 Plainfield Ave NE, Grand Rapids, MI 49525   |   Website by: iverdesign

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