Tag Archive for: custom home

Wonderful Clients Building Their 2nd New Home!

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Make Your New Custom Home Design Exceptional

At Ron Lee Homes, we specialize in semi-custom and fully custom-built homes for our many home buyers. Because of this, we have an extensive portfolio of house plans that include a mix and match of features that we have introduced throughout the years to our discerning custom home buyers. Through specialized requests and the new and unique custom features constantly being introduced throughout the real estate market, we have an incredible variety of specialty offerings we can propose for any floorplan design.

Whether it’s a specific type of wine cellar, butler’s pantry, mud room, custom closet, walk-through shower, etc., we have worked with our new home buyers to try to provide them with their dream home design. Our floorplans are constantly being evaluated for efficiency, as well. Making our designs not only built to an exceptional quality but making them as friendly to your budget as possible is all part of our custom home building process.

When building new, custom homes, we take into account much more than just the interior amenities and features. We are looking to design and build for you a complete plan, where the exterior can be just as important as the interior. We have created extensive outdoor spaces, such as custom, covered, screened-in porches with an outdoor patio area, covered and outdoor kitchens and catering areas, outdoor fireplaces, design for outdoor entertainment, including sound systems and televisions, pool and fountain designs, hot tubs, and so much more!

If you are ready to start your custom home building journey, get in touch with us to Schedule Your Consultation to discuss your new home floorplan and exterior design! Call 985-966-0086 or email Info@RonLeeHomes.com.

Building a Raffle House for Charity in St. Tammany Parish

The Northshore Home Builders Association (HBA) in St. Tammany Parish is once again, in 2016, building a Raffle House for Charity called Raising the Roof for Charity.  A new home is constructed by member of the Home Builders Association of St. Tammany Parish on the North Shore, and then, this home is auctioned off to raise funds for several chosen local charities.  This year’s recipients include Boys and Girls Club of Southeast Louisiana, Building a Raffle House for Charitythe Covington Food Bank, Habitat for Humanity-St. Tammany West and the Tammany Trace Foundation.

The new Raffle House is being built by Integrity Builders in Spring Haven Subdivision in Madisonville, Louisiana.  Tickets are sold by members of the Northshore Home Builders Association to colleagues and associates in order to raise funds.  The HBA will be having two early drawings for Raffle House tickets – one on March 19th and one on April 16th.  Winners of these two drawings will receive a $1,500 reward.  The final Raffle House drawing will be held at the new, custom home in Spring Haven on June 4, 2016.  Special events will be held in the months leading up to the Raffle House drawing where opportunities to win a free raffle ticket will be available.

The new, custom home being built by the St. Tammany Parish builder member is a 2,600 square foot home of living space with 4 bedrooms and 3 baths which was designed by DesignTech Residential Planners.  The value of the home is estimated at $422,000.  This open floorplan includes a flowing design throughout the living room, dining, room, and kitchen.  The living room also has a gorgeous fireplace and coffered ceiling.  The kitchen includes an oversized kitchen island with breakfast bar and undermount sink.  Granite countertops, real wood cabinetry, and stainless steel appliances complete this deluxe kitchen setup.  The master suite features an oversized walk-in closet off of the sumptuous master bath, complete with centered tub with a separate shower flanking.  For outdoor entertainment, this new, custom home has a huge, covered outdoor patio, complete with outdoor kitchen setup.

In addition to the grand prize of the Raffle House being given away to a lucky recipient, there will be other prizes given out on the day of the drawing to winning raffle ticket holders.  The Raffle House is an important part of raising money for local charities as well as rewarding a St. Tammany Parish resident with a new home.  Don’t miss out on your opportunity to view this new, custom home in Madisonville, Louisiana.

Click Here For Information on Raffle Tickets.

Click Here for Information on the Raffle House.

The Cost of Building a Custom New Homes

Ron Lee Homes in St. Tammany Parish is one of the elite builders in Covington, Louisiana, which builds fully custom new homes with spectacular finishes.  Inside or out, these new homes are built with intense attention to detail to make sure that every minute finish is construction with as much perfection as possible.  Many of the interior amenities of custom homes built by Ron Lee Homes are imported materials or custom built materials that are installed by specialty contractors.

According to the National Association of Home Builders (NAHB), this type of new home construction actually Overview of 79 Oleander Courttrends with national averages in that 29.6% of the cost of construction is spent on interior finishes.  The rest of the breakdown in construction costs are as follows: framing (18.0 percent), exterior finishes (15.0 percent), major system rough-ins (13.1 percent), foundations (11.6 percent), final steps (6.8 percent), site work (5.6 percent), and other costs (0.5 percent).

When calculating the cost to build a new, single-family home, the NAHB surveyed builders with its Cost of Construction Survey and found that new homes built on approximately 1/2-acre lots with 2,802 square feet had a sales price of $468,318.  61.8% of that sales price encompassed the cost of the construction of building the new home which is only .1% higher than the costs reported in 2013.

Interestingly, the cost of the lot and the cost of finishing the lot made up a large chunk of the expense of building in the total percentages spent of the sale.  Land in St. Tammany Parish has a premium price compared to more 3-79 Oleander Living 2northern and western parishes in Louisiana as well.

At the same time as this data has been released by the NAHB, another analysis of construction spending says that total private residential construction spending for September increased 1.3% over August spending and 13% year-over-year.  The reason for this increase may also be the increase in the cost of materials as well. However, single-family home permits and starts are up as well, so the money put back into the economy in the form of materials purchases as well as employment is up across the board nationwide – a good sign for the real estate market.

Click Here for the Source of the Information.

Conventional Mortgages for New Homes Increase for the 5th Month in a Row

When the bottom dropped out of the real estate market, the biggest indicator that the economy was in trouble was that home owners and new home buyers found themselves paying more for their home than what it was worth.  One of the biggest indicators that the housing economy has been in recovery has been the increase in house pricing regionally nationwide.  These home prices went up steadily during the end of 2013 and 2014, so much so, that investors were concerned that they would cause a housing bubble and throw the entire economy back into a 10-1 Polo Farms Kitchen IslandRecession.  Once again, though, supply and demand allowed for free market commerce to dictate the real estate market, and prices started to stabilize in the 1st quarter of 2015.

For the 5th month in a row, conventional mortgages for new homes have increased to an all-time high of $352,500 in June, and this is also a record for the average loan amount which has not yet so far been above $350,000 after the Recession.  In addition to the average amount of a loan going up, home prices also increased in June to $462,100 from $447,600 which is a 3% increase.  Also a record-breaking statistic, this is the first time that new home prices have been above $460,000 since the Recession as well.

Even though the average initial fees and charges on loans decreased by 3 basis points to 1.08%, the effetive interest rate on conventional mortgages went up to 3.98%.  Home buyers and people interested in refinancing their homes have been “spoiled” with the phenomenally low interest rates over the past 5 years, but an average overall interest rate in the 4% range is still a historically low rate and will probably not be seen again for quite some time.  The Fed was set to increase interest rates in September, but this is not a guaranteed move and has been in limbo for over a year.  Interest rates are still low, credit is easing allowing higher borrowing amounts for conventional mortgages, and Ron Lee Homes is building new, custom homes in St. Tammany Parish for interested home buyers.  Contact Us today to help you start building the home of your dreams.  Call 985-626-7619 or e-mail Info@RonLeeHomes.com.

Click Here for the Source of the Information.

Tag Archive for: custom home