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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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The Real Reason Home Prices are Rising

The Real Reason Home Prices are Increasing | MyKCM

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase.

It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see chart 1).

The Real Reason Home Prices are Increasing | MyKCM

According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes has been below six months for the last four years (see chart 2).

The Real Reason Home Prices are Increasing | MyKCM

Bottom Line

If buyer demand outpaces the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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The Real Reasons Why we Buy a Home

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons.

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones.

1. Owning your home offers stability to start and raise a family

From the best neighborhoods to the best school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home that they purchase.

2. There’s no place like home

Owning your own home offers you not only safety and security, but also a comfortable place that allows you to relax after a long day!

3. You have more space for you and your family

Whether your family is expanding, an older family member is moving in, or you need to have a large backyard for your pets, you can take this all into consideration when buying your dream home!

4. You have control over renovations, updates, and style

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Or maybe you want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t in your own home?

Bottom Line

Whether you are a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that make a house a home.