lucky760
New member
songkou said:I'm just little more than two months away from (estimated) closing. Now I'm constantly thinking about when to start working on loan, home insurance, and upgrades and worry if it's too early, or too late to do them. I wanted to start loan process as soon as possible because of rising interest rate but was told it's still too early.
I'm curious about when should you start contacting people for the upgrades like window covering and flooring that you opted-out from builder and want to do it through third-party contractors? From your experiences, what's process? for each upgrade, how many time do you have to meet with the person before real action? What's the time needed from getting a estimate/quote from contractor and actually get them work on it, and how long does it take for them to finish the work?
LOAN
In my experience, it seems the right time to start working on your loan is once it's possible for you to lock in your interest rate. Once you're ready to talk to a different lender, you must read about my lender experience here [required reading]:http://www.talkirvine.com/index.php/topic,3782.0.html
HOME INSURANCE
You can start working on this now to get the details figured out with your insurance company. At some point you'll be asked to provide your insurance information, and at that time you'll just need to have your insurance agent contact them to figure out the details. The first year's premium will be paid with your closing costs.
UPGRADES
We started working on all these things 2-3 months before close. This made it difficult and gave us a lot of headaches because many contractors didn't want to deal with measuring a model, while others *must* measure your actual home for exact measurements (e.g., window shutters). To complicate things, once we were 30 days out, they blocked access to the interior of the house until close, except for a one-time supervised visit for interior measurements.
It may be wise to have the measurements in hand when talking to contractors, though we never had solid measurements and all our contractors measured for themselves.
For flooring, it's good to get your order in early if the contractor needs to buy any materials in advance, e.g., carpet.
For landscaping, we started talking to people about a month out. Many landscapers will take a week or two after talking to you to put a plan on paper (but don't be surprised if most landscapers *never* get back to you at all; this is the worst when you wait two weeks to hear back, but they never return your calls again). See my landscaping recommendation here:http://www.talkirvine.com/index.php/topic,3893.msg60093.html#msg60093
I'm sure you've probably mentioned in the past, but in which community are you buying?
Good luck!