Purchasing a home in a new development like Sanctuary Village offers exciting opportunities to tailor your living space to your preferences and needs. Whether you’re interested in a move-in-ready home or looking to purchase a homesite to build on, understanding the home buying process in this context is crucial. This article outlines the steps involved in buying a home in Sanctuary Village, focusing on both pre-built homes and the purchase of homesites for future building.
Step 1: Understanding Your Options
Move-In-Ready Homes
Sanctuary Village has a selection of homes that are already constructed and ready for immediate occupancy. These homes are designed with a variety of styles and layouts to suit different tastes and needs.
Homesites for Building
Most of the new growth in Sanctuary Village involves the sale of homesites where buyers can build their own homes. This option allows for greater customization in terms of design, features, and functionality.
Step 2: Financing Your Home
Securing Financing
Whether you’re buying a pre-built home or a homesite, securing financing is an early and essential step. Sanctuary Village works with several financial institutions that offer a range of mortgage products suitable for new home construction and home purchases.
Buyers interested in building on a purchased homesite may consider a construction loan that converts to a permanent mortgage once the home is completed.
Budget Planning
It’s important to have a clear understanding of your budget. This includes not only the purchase price or construction costs but also additional expenses such as property taxes, homeowner’s association fees, and utility hookups.
Step 3: Choosing Your Home or Homesite
Selecting a Pre-Built Home
For those selecting a move-in-ready home, the process includes touring available properties, evaluating the features of each home, and selecting the one that best fits your lifestyle and budget.
Choosing a Homesite
When purchasing a homesite, consider factors such as location within the community, size of the lot, orientation, and proximity to community amenities. Sanctuary Village offers various settings to cater to diverse preferences, from quieter, peripheral lots to those closer to the community center and green spaces.
View our available homes and homesites.
Step 4: Design and Build (for Homesite Buyers)
Customizing Your Home
Buyers who purchase homesites typically go through a design and build process. Sanctuary Village has partnered with renowned architects and builders who can guide you through the process of designing a home that fits your vision while adhering to the community’s architectural guidelines.
Approval and Permits
All new home designs must be approved by the Sanctuary Village architectural committee to ensure they meet community standards. Once designs are approved, necessary building permits must be obtained from local authorities.
Step 5: Closing and Moving In
Closing Process
The closing process formalizes the purchase of a home or homesite and transfers ownership to you. This involves signing all necessary legal documents, which should be reviewed carefully with the assistance of a real estate attorney.
Settling In
- For move-in-ready homes, the final step is simply to move in and begin enjoying your new home and the Sanctuary Village community. Check out our move-in checklist for another helpful guide.
- For those who have built new homes, once construction is complete and all inspections are passed, you can move into your newly built custom home.
Conclusion
Buying a home in Sanctuary Village, whether pre-built or designed from the ground up, offers a unique opportunity to be part of a vibrant and growing community. By understanding the home buying process, from financing and selection to design and closing, you can make informed decisions that lead to finding your ideal home in this thoughtfully planned development.