Buying your first home is a major milestone—and at Evergreen Homes, we want you to feel confident and informed every step of the way. Whether you’re exploring new construction in Commerce Township or in Canton, a smart budget is the key to a smooth, stress-free homebuying experience.

We know first-time buyers have a lot of questions—especially about how much they can realistically afford. Our preferred lender, Lake Michigan Credit Union (LMCU), offers a helpful breakdown in their article on how to calculate what you can afford, and we’ve incorporated some of that insight here to guide you through your budgeting process.

LMCU, along with many other lenders, recommend the well-known 28/36 rule:

• Spend no more than 28% of your gross monthly income on housing costs (including mortgage, taxes, and insurance).
• Keep total monthly debts (including credit cards, student loans, and car payments) under 36% of your gross income.

This rule helps buyers stay financially comfortable after move-in by not stretching their money too thin by monthly payments.

Buying a home includes more than just the price tag. Make sure your budget includes:

• Closing costs (typically 2–5% of the home’s purchase price)
• Moving expenses
• Furniture, window treatments, landscaping, and tools

At Evergreen Homes, many finishes and features come included, so you can avoid unexpected upgrade costs that some builders tack on.

One benefit of building new is the ability to customize your space. But it’s easy to get carried away. Focus on your most important needs—like square footage, layout, and location—and keep upgrades aligned with your total budget.

Need help deciding what to ask your builder before you commit? Here are 10 questions to guide your conversation.

You don’t need 20% down to purchase a home. Many first-time buyers qualify for loan programs with as little as 3–5% down. Our preferred lender, LMCU, offers a variety of financing options tailored for new construction, and their team is happy to walk you through what fits best.

And if you’re a veteran, a VA construction loan may offer additional advantages, such as no required down payment.

After closing day, you’ll want to make your house feel like home. Be sure to budget for:

• Furnishing rooms
• Outdoor spaces like patios or decks
• Window treatments, décor, and art

Setting aside funds now for these items will help you feel more comfortable once you move in.

Evergreen Homes often provides limited-time incentives that can help stretch your budget even further—like included upgrades. Be sure to ask what’s currently available when touring our homes.

We’re actively building new homes for sale in The Reserve at Crystal Lake in Commerce Township and The Meadows of Cherry Hill in Canton, two communities offering thoughtful design, high-quality construction, and a strong sense of neighborhood.

Even with new construction, it’s smart to include a financial cushion in your plan. Whether it’s for unplanned upgrades, interest rate shifts, or something fun like a new grill or a custom closet system—having room in your budget keeps the process flexible and stress-free.

The right builder and lender can make all the difference. At Evergreen Homes, we’re here to help you understand your options, stay within budget, and create a home that fits your life. And with experienced lending professionals like those at LMCU, you’ll have access to expert financial guidance every step of the way.

Let’s Build Something That Works for You

Budgeting isn’t just about numbers—it’s about building a life you love without unnecessary stress. Whether you’re just starting to explore for sale homes or ready to build from the ground up, Evergreen Homes has the tools and support to guide you home. 

Contact us today to learn more about available homes, floor plans, or to connect with a lender who can help you take the next step.