What is the difference between a Custom Home and Spec home?

A Custom Home is a home uniquely designed for the client creating a home that is truly designed with the client’s style and finish in mind. The plans for a Custom Home are typically created from scratch or reinvented from an existing floor plan.

A Spec home is a home that comes from the builder’s portfolio of floor plans. The plans can be tweaked a little and you have the ability in most cases to design the finishes to your style and finishes.

Can I use my own architect?

We have found no real benefit in hiring the architect before or separate from the builder. Working with an external architectural firm prior to hiring the builder typically presents some challenges, mainly helping clients with design and cost control. We have on occasion worked with outside architectural firms as long as we are hired from the onset to work alongside the architect and engineers. Port Saint Lucie Properties stands behind the belief that you are more likely to stay within budget having the builder on your team from the beginning and having a better product at the completion of construction.

Do I need to obtain a mortgage to build a custom home?

Yes, in this case you would get a construction loan. A construction loan acts very similar to a regular mortgage. The bank will take the future value of the home based on the project design and scope. They will fund the project using a draw schedule. The loan is based on the equity and current value of your home and lot. The bank will work with us directly to pay us draw payments based on certain phase of work for the contract value. Once the construction is complete, the construction loan is rolled up into a final mortgage.  To learn more, please give us a call and we can set you up with one of our preferred lenders so you can learn more about the financing of your project.

Is there a difference between a conventional loan and a construction loan?

The difference between a construction loan for a custom house and a conventional, FHA or VA loan is that construction loans are required for custom homes construction.  If you purchase a home from our selection of homes at Port Saint Lucie Properties your representative help guide you to qualify you for the appropriate financing.

Can you help me find a lot to build my new house?

Yes we would love to!  Just ask one of our Realtors to provide you with assistance.

Can I build on a lot I currently own?

Of course you can and we are confident we are the right team to help you achieve your goals! Part of our role here at Port Saint Lucie Properties  is to help you understand the natural advantages of your lot type when you are preparing to build your Custom Home. There are many different lot types that are common in Port Saint Lucie  as well as the surrounding area, and each presents different advantages and challenges.

We want you to understand how lot types are determined, what options each lot type presents, and, if you haven’t purchased a lot already, which lot type would best fit your dream home. We are prepared to sit down with you and discuss everything you need to know about building on your own lot.  If you decide to make us your partner, you will be armed with all the facts to help you turn your lot into a custom home that perfectly fits your family’s needs.

Thinking about buying a new home?

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St. Lucie Homes, by Port St. Lucie Properties Inc., is a family owned and operated new home builder that has been building quality homes in Port Saint Lucie, the Treasure Coast and Palm Beach County, Florida since 1982.

Proud winners of the Treasure Coast Builders Association Grand and Platinum Awards, we currently offer over 20 different floor plans as well as full architectural and remodeling services to create the home of your dreams.