Frequently Asked Questions

Can Rainbow Construction custom design a home for me?

Yes, of course! In our more than 53 years of building family homes, we have specialized in creating exactly what our customers want. We are serious when we say that the customer is our first priority. What matters to you in your home is what matters to us and we will both advise you on your choices and create to your precise specifications.

Can Rainbow build on my lot?

We are delighted to offer you many different choices regarding building on the lot you are looking at purchasing or have purchased. You can build one of our elegant models, modify a model with a more semi-custom approach or have us look our many qualified architectural colleagues and design resources. If you have an architect already lined up, our highly skilled professional staff will work with him or her as well.

How much out of pocket money is needed to buy a new home?

The amount of money needed depends on many things, such as the cost of the house, the type of mortgage you are applying for and your credit history. Funds will need to be available to cover three things:

  1. Earnest Money: the deposit you submit at the time your contract is written. This money is held in an escrow account once your contract has been accepted and is credited to you at closing as part of your down payment and closing costs.
  2. Down Payment: a percentage of the sales price that is paid at settlement.
  3. Closing Costs: one-time fees associated with obtaining a loan and transferring title to property

Can I make site visits to the house during construction?

Once construction on your house has begun, site visits without a builder representative are not allowed. Many dangerous conditions exist on a construction site and to comply with insurance requirements we request that you refrain from visiting the site unaccompanied. After the house is framed, under roof and the trades have roughed-in their components, a pre-drywall walk-through is scheduled. At this time, you will be able to see the status of the home and to make sure all your options have been added.

Why should I purchase a home instead of renting?

Owning a home offers more than just the satisfaction of being able to say it’s yours. The interest on your home loan can be deducted from your federal income taxes. Much of your monthly payment will be composed of interest for over half the number of years that you will be paying on your mortgage. This can add up to quite a savings at the end of each year. The property taxes you pay as a homeowner can be deducted also. With renting, you write your monthly check and never see any benefit. It is like paying interest on a debt that will never be paid off. Another bonus in owning your home is the possibility that its value will increase over the years, thereby increasing your equity.

How can I find out if I can get a loan for the home I would like to purchase?

You should contact our loan officer for a no obligation consultation. His name is Craig Gough; he is available by emailing cgough@frmcloans.com. To review how his company, First Republic Mortgage Company is structured, visit their web site: www.frmcloans.com. At your initial consultation, he should be able to provide you with an estimated monthly payment, what your down payment may be, how much settlement charges will be, and what your approval time will be.

What do I need to bring to my selection appointment?

You should plan ahead for your selection appointment. To help with your selections you may want to bring fabric swatches, pillows and photographs of your existing furniture, samples of wallpaper you may be using, and any other items, such as magazine photos, that may help with your decisions. You should also spend a little time going through the selections that we offer before your scheduled appointment so that you are not overwhelmed with the choices.

When can I begin moving in to my new home?

Once you have signed all the paperwork at settlement you can start moving in.

Can I make changes to the floor plans?

Yes, you can make changes to your floor plan. We have always allowed our purchasers to customize our plans to meet their needs. However, all changes must be approved by us to ensure that they will meet site and structural requirements. In some communities, exterior changes are also subject to approval by an architectural review committee.

What schools are in the area where I will be building?

In our experience, zoning districts change somewhat frequently and thereby affect local boards of education. We encourage you to go directly to the Board of Education at www.ccboe.com. Charles County Public Schools, 5980 Radio Station Road, P.O. Box 2770, La Plata, MD 20646, Tel: 301-932-6610, Info Line: 301-932-6656

What’s the difference between remodeling and renovating a home?

Renovation of a home or property means changes and updates were made to the property, but major structural changes did not take place. For example, painting the interior of a kitchen, replacing the faucet and appliances, and redoing the flooring would all fall under a renovation. However, if walls were moved and the space was expanded or changed, this would be called a remodel

Charles County Chamber of Commerce NAHB Green Advantage EPA