Custom Home Building Process
Step One:
Price Point
Before you decide how to build your new custom home in Orono, you need to set a price point. This step helps us guide you to appropriate available lots in your price range.
What is your budget? (House and Lot package)
- Lot prices vary depending on lot size and location within the development
- Lot pricing ranges from $225,000 – $450,000
- Lot and Home packages start at $1M
- Home design, features, size, and lot selection all determine your total package price
Step Two:
Lot Selection
Now that you have decided on buying a vacant lot in Orono, MN, it’s time to decide what features you desire for your home. Your preferences can help us determine the best available lot for your requirements. We can help you identify a lot that is ideal for privacy, open views, waterfront living or anything else you imagine in your dream home.
Whatever features you’re looking for, Lakeview offers a wide range of variety. The average lot size is 2.5 acres, allowing every lot to be a custom-graded fit for your demands.
Explore Available Lots
Step Three:
Secure Your Lot
The Lot Hold process is very hands-on. There is no need to feel intimidated by the agreement process. Both builder and developer will work with you to make sure you are totally on board with the transaction. Once you have chosen a lot, it is time to place it on hold with a Lot Hold Agreement.
A Lot Hold Agreement:
- Is intended to give you time to meet with your builders
- Applies for 30 days (plus a one-time 30-day extension = 60-day hold)
- Requires a $5,000 refundable deposit
Step Four:
Select a Builder
Lakeview is represented by two of the premier custom builders in the Twin Cities metro. Each builder brings their own unique expertise to the development. We encourage each potential buyer in Lakeview to meet with their builder of choice before making a decision. It is critical that you are comfortable with your builder, as it makes the building process that much more enjoyable.
Our Builders
Step Five: Purchase Your Lot
When it’s time to buy the lot, the builder and developer will put together a Purchase Agreement with an agreed-upon closing date and sale price. You have a realtor? No problem. We welcome all realtors that have assisted you in your lot and home process. Once you have closed on your dream lot, the fun begins … home construction!
Step Six:
Build Your Custom Home in Orono
Since each home will be a custom home, general construction timelines will vary. Dependent factors include home size, special features, seasonality (winter or summer), builder schedule, materials used, change orders, etc. A ballpark average from groundbreaking to move-in would be 8-10 months.
