1. Budget Determination
    1. Obtain loan approval
    2. Determine size and scope of project based on desired loan amount
  2. Design Phase
    1. Develop design criteria and subdivision requirements (if applicable)
    2. Draw floor plan or select an existing plan
    3. Draw roof plan, elevations, electrical plans, and site plan
    4. Make color selections (usually done when construction begins)
  3. Contract & Specifications
    1. Specify scope of work to be performed by builder
    2. Specify products used in home
    3. Determine pricing and execute contract
  4. Loan Processing
    1. Submit contract documents to lender
    2. Survey property
    3. Appraise project
    4. Closing documents
  5. Construction
    1. Obtain permits
    2. Site preparation/foundation
    3. Framing and mechanicals
    4. Drywall, trim, carpentry, cabinets
    5. Finishes and fixtures
    6. Final walk thru/modify loan/move-in