Q&A – Why A Contingency Home Loan?

Why is it necessary to maintain a 10% buffer in case something goes wrong?

Pricing in the economy has been somewhat unpredictable as of late. Taking up a sizable project can be a risky proposition if you don’t already have some savings under your belt. Therefore, in order to ensure that you are able to handle any kind of expense escalation, it is essential to make sure that you have a little bit of a buffer ready. We don’t want to put undue stress on folks when they’re working toward constructing their ideal home. We want it to be an enjoyable and thrilling experience for our customers, and we also want to ensure that they are adequately qualified and well-prepared to deal with the experience. Your experience of building a custom house can be made less stressful by including a 10% cushion in your budget as a contingency fund.

Know what you can afford before you begin.

For the past eighteen years, Creekside Homes has been building magnificent, custom-designed homes for the luxury market in Greater Portland and Northwest Oregon. The information in this guide, drawn from my years of experience, will help you make more informed and more confident choices throughout the entire custom home building process.

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Let’s build your Oregon dream home 

My book offers a helpful “What to Do Before You Build” checklist – get your free copy here!

Are you ready to get started on your custom home project?  Just fill out our easy contact form or call (503) 461-7046 to get in touch!

Here’s to building your dreams…!

Andrew Burton home designer

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Discover Luxury Home Living from McMinnville and the surrounding area. This magazine helps you to understand the process and benefits of building a custom home with Creekside Homes. Learn the 10 critical questions to ask before you build. Find out the 8 most important places to spend money on your home. Understand the top 11 mistakes made by new homeowners…and how to avoid them, and more.

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