(bring your own lot)
If you love the SoCo Monolith design but want a different location, we may be able to come to you! Although we are spec home builders, if the arrangement is convenient, fits in our pipeline and our visions align, we would be open to custom-building a preexisting Monolith floor plan on your lot. We've gathered some frequently asked questions below, but if you'd still like more information or if this sounds like the right fit for you, reach out to our team and we will take care of you!
Last updated 3/31/21.
Q: How much does it cost to have SoCo Monolith build a home on my lot?
A: This question is very hard to answer as it largely depends on the site characteristics, your selected upgrades and finish out, and the timing of the project. You can expect the vertical construction component of the project to cost between $190-220 per square foot. Add into that land cost, financing interest charges, and other soft costs like taxes, closing costs, permit fees, real estate commissions if applicable, etc., and your final out the door price could be as low as $475k to as high as $800-900k.
Q: What if I don't already own a lot?
A: If you're in the market for the perfect lot for a SoCo home, contact our realtor, Rachael Sewell, and she can help you find the best one! We can also work with other agents if you already have your own.
Q: What locations will SoCo Monolith build in?
A: It depends. Areas that interest us are: SoCo South Dallas (obviously), The Cedars, Trinity Groves/West Dallas, Farmers Branch, Irving, and Richardson/Garland. Where we don't build: Ft Worth, Cedar Hill, Rockwall, Denton, HEB, Grand Prairie, etc (simply just too far to drive). We'll take everything on a case by case basis so give us a call and we will do our best to work something out for you.
Q: What is the estimated build timeline?
A: We estimate a breakdown of 30-45 days for pre-planning and budget establishment from the day of engagement; 30-60 days for permit application and financing (this could take significantly longer if building in the City of Dallas as their permit wait times are exceeding 6 months currently, but it's getting better); then once permits are issued, expect about 8-10 months for the construction itself. Also keep in mind that due to COVID-19, raw material shortages and delays are common and can add to the build time.
Q: What is the minimum lot size for a SoCo build?
A: Our minimum lot size is 50x120, however there are many other factors to consider (flood zone, retaining walls, drainage/dirt work, right of ways/easements, corner lots, conservation districts, zoning, utilities, etc). Before you purchase a lot, give us a call so we can make sure it's feasible.
Q: Can I customize the elevations/floorplan?
A: By trade, we are a spec home builder, not a custom home builder. In order to keep our pipeline and budget in check, floorplan customizations are extremely limited. Our architects are incredibly purposeful in the way they design these homes to maximize efficiency and functionality, but if you have suggestions or questions we welcome the input. If you do wish to heavily modify a floorplan, we can refer you to our third party architect and they can work with you to modify the plans to your liking at an additional cost. Just keep in mind that going into truly "custom" territory will drive the build cost up significantly! When it comes to things like modifying window schedules, finishes, light fixtures, and other quality control items, we are much more flexible with meeting your needs.
Q: If I bring you someone else's blueprints will you build it for me?
A: Bruh, no.
Q: Do you provide a warranty?
A: We provide an industry standard 1-2-10 warranty: 1 year bumper to bumper, 2 years on the mechanicals, and 10 years on the foundation. We will require soil testing and soil amendment (if necessary) for all BYOL builds.
Q: How can I finance this?
A: There are several ways to finance a custom home. One option is to do a conventional construction loan (which is a short term, interest only loan) and refinance into a conventional 30 year mortgage once completed. Another option is to do a one-time close construction loan where the land purchase and construction is financed as a fixed 30 year mortgage from the beginning. Both options have its pros and cons. If you'd like to find out more, we can refer you to our lenders to figure out which option is best for you.
Q: I'm interested! How do I proceed?
A: Give Doug Cao a call: (972) 522-9360.
SoCo Monolith | Dallas, TX