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Building a Home in Central Oregon

Building a Home in Central Oregon? What You Need to Know Before You Start


At one time or another, most people have imagined building a custom home. They imagine relaxing in the huge spa-like master bathroom or entertaining by the outdoor fireplace overlooking the spectacular mountain view; but to achieve this goal, there are many steps which must take place first. The process might seem confusing, but the truth is, when understood and taken in the proper order, building a home can be a rewarding experience which results in the ideal home.

Buy vs Build

The first step in any building project is to ensure it’s the right step for you and your family in the first place. Building a home takes time and patience. There are some great benefits to building a home rather than buying an existing home. Not only do you have control over the design and style of the new home, but you might also find a lower cost of ownership once you move-in. Everything is brand new; from appliances to heating, plumbing, electrical systems, home maintenance costs will be at their lowest point. New builds also can take advantage of energy-saving products and materials which can have a serious impact on utility costs.

Building Process

One of the first concerns should be time and cost. Estimating these factors will be one of the first things you should discuss with your real estate/building team and will vary widely based on location, materials and personalization. Once you have a budget in mind, then you are ready to begin the home building process.


  • Assemble Your Team – Your home building team will include a select group of professionals experienced with custom home building projects. They will include a real estate agent, home builder and construction loan lender. You will rely on their advice throughout the process.
  • Location and Lifestyle – Location is more than simply a lot with a view. Lifestyle issues such as school districts, community services, ease of access to transportation are still important. In addition, other considerations include the local jurisdiction, topography and lot layout to ensure your home vision can be achieved on that property.
  • Design The Home – This is the fun part. Working with your home building team, you will determine the size, layout, floorplan, fixtures and finishes for your new home.  
  • Construction Review – This is the most important step. Your professionals will package the project and submit for review. During the review process, they city/county will approve the home location, placement, building materials, design, water needs and much more. It’s important to work with a team familiar with this process and how to successfully navigate the process.
  • Final Cost Estimate and Loans – Once your plans are approved, you will be able to receive a final cost estimate, including any changes which happened during the approval process. If you are using construction financing, your lender will now place the construction loan in effect and offer the payout schedule.
  • Construction and Final Approval – Construction of the new home will now take place. Your general contractor will be in communication with you along the way to ensure deadlines, cost estimates and details are completed to your satisfaction and plan. Once the construction is complete, the city/county inspectors will join you to approve the final product.


Building a home from the ground up can be exciting. The first step is to assemble a team of experts who can answer all your questions and help guide you through the process. With home values rising on average 5% in 2018, building a home can be a cost effective alternative to rising home prices.


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Here's Your Beautiful Bend Home!

This beautiful home will be on the market July 1st. The only showings will be during an open house being held the weekend of July 16 & 17. This home is a great investment and currently under lease for $1500/month.

1,144 sq ft
3 bed
2 bath
All Appliances included
Professionally landscaped yard
Close to Shops and Trails

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Positive Outlook for Bends Real Estate Market

A report published recently in the Bend Bulletin attribute more disciplined lending and greater diversity in the local economy as two key differences between the today’s market and the one experienced before the housing bubble. These factors imply the market will be better able to handle any downturn. Read the full article here.


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Real Estate Roundup!

May new home sales gain 2.2% from April

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. — From Housing Wire

3 ways to tame student loan debt and afford a mortgage

It’s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it? The problem is that student loans can be included in the buyer’s debt-to-income ratio, or DTI. — From Bankrate

Read more

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2016 First Quarter Sales Statistics

Just received the first quarter sales statistics from COAR and while its a lot of numbers it is very pretty interesting. The report, which you can download below, captures the beginning of the housing market recovery through today. These numbers support the reports that we are currently outpacing the real estate sales boom that was occurring in 2007 before the market crash.

2016 Q1 Sales


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April 2016 Beacon Report

Download The BEACON-REPORT-April-2016
“This time last year, the SFR median sale price in Bend was $327k and the inventory level was around 2.5 months.  Building permits for new SFR dwellings was around 52.  Most sales were in the $200k-$250k price range.

Last month in Bend, the SFR median sale price was $347k and the inventory level was near 2 months.  Building permits for new SFR dwellings was 69.  Most sales over the past year were in the $250k to $300k price range.

Redmond SFR had similar trends as Bend.  The median sale price last year, in Redmond, was $212k and was $250k last month.  The inventory level had declined since last year from 3 months to near 2 months.

The quarterly figures are included for the smaller areas.”

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Spring is approaching…

Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are currently more prospective purchasers looking at homes than at any other time in the last 12 months, which includes last spring’s buyers’ market. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing supply just dropped to 4.4 months, which is under the 6 months’ supply that is needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.

Also, new construction of single-family homes is again beginning to increase. A recent study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will increase in the spring. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend itself to a smoother transaction.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 23.5% from now to 2019. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30-year housing expense with an interest rate below 4% right now. Rates are projected to be a full point higher by the end of 2015.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.


Source: KeepingCurrentMatters.com