FAQ

FAQ

FAQs ABOUT CORE HOMES

We answer the most FAQs about building or buying your new home with Core Homes

• • What is the first step in building a new home?

We encourage you to work with a mortgage lender and get pre-approved for your mortgage loan.
Whether you have to borrow a small amount or finance the entire cost of a new home – getting pre-approved
takes some stress and guesswork out of making decisions about your home.
Core Homes has several lenders we regularly work with who are familiar with our process. We would be happy
to make the introductions and get you on your way.

 • • Do I have to take out a construction loan to build my home?

No, you do not have to take out a construction loan. Core Homes funds the construction of your home until closing.

  • • Where can I build my home? Do I have to own my land?

Core Homes only builds homes in communities in which we own home sites. We have sites available in stunning
communities located in Apison, Harrison, Ooltewah, and Soddy-Daisy.

  • • How much of a deposit is required?

While a 10% deposit is standard, there are situations where a deposit as low as 5% can be accepted.

  • • How do I find and chose a home plan?

Many considerations go into choosing a home that will serve as the hub of all your life’s adventures big and small.
Will an aging relative be living with you?  Will you need a dedicated home office? Will you be entertaining friends
and family frequently?
Core Homes has a library of home plans to choose from. One will fit your lifestyle perfectly.  We will work with you
to find the community and home site that showcase your completed home beautifully.

  • • What is included in the price of my home?

Each home we build includes thoughtful features woven into the construction, even the elements behind the walls.
Designer finishes  that are include will be discussed in detail based on the plan and community you select,
making your new home a beautifully designed representation of your lifestyle and dream.

  • •  How long will it take to build my home?

Once the purchase agreement is executed, and all selections are sign off on, construction can begin.
Construction from foundation to closing usually takes approximately 8 months to complete. Weather is often
the biggest factor in keeping a home build on schedule. Once the framing is complete and the home has
a roof or is “in the dry”, work can go on rain or shine. Unavoidable supply chain interruptions can also extend
build times.

  • •  What if I need to be in a new home quicker than 8 months?

Core Homes has an inventory of designer curated Market Homes in various stages of construction.
From foundation to move-in ready, these homes have had their selections and finishes already chosen by
our designer. The only thing you have to do is choose which one fits your time frame.

  • • If I don’t like the selections you offer – can I use my own architect or designer?

We want your home to be just the way you envision. We can make minor structural customizations and find
that exact color paint you want for the owner suite walls. We have trusted relationships with our venders,
and getting your home completed on time and on budget relies on these partnerships. Using outside venders
makes it difficult, if not impossible, to warranty the product or installation of selections in your home.
We feel confidant we can create the home of your dreams.

  • •  Are there HOA fees? If so, what do they cover?

Most communities have a Home Owners Association if only to maintain the entrance sign and landscaping.
Fees, how they are paid, and what they cover vary from community to community. Contact one of our
New Home Specialists to find out the specifics of the community your are interested in purchasing your
new home.

  • •  Does Core Homes offer a warranty on my home?

Yes – your home come with a 1-year builder warranty, and then is covered by a 10-year warranty backed
by Liberty National Insurance. Rest assured we have a team of dedicated professionals to serve your
home warranty needs.

More questions? We’d be happy to help you feel secure in your decision to build with Core Homes.
Contact Us via email or call us at 423-805-2676.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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