Frequently Asked Questions
Drexel Luxury Homes. We’re anything but ordinary.
Frequently
Asked
Questions
More information about our business.
Yes, Drexel Construction Management is completely licensed and insured. Our company’s California Contractors State License Board CSLB License Number is #1014160.
All of our subcontractors are fully licensed and insured.
Drexel Luxury Homes designs and builds custom homes across Los Angeles, California. We build homes in the following areas:
– Bel Air
– Beverly Hills
– Beverly Grove
– Beverlywood
– Brentwood
– Century City
– Cheviot Hills
– Culver City
– Encino
– Hancock Park
– Holmby Hills
– Hollywood
– Hollywood Hills
– Korea Town
– Larchmont Village
– Los Feliz
– Mar Vista
– Pacific Palisades
– Picfair / Faircrest
– Santa Monica
– Sherman Oaks
– Silverlake
– Venice
– Westchester
– West Hollywood
– West Adams
Simple, just schedule a free no-obligation phone call or Zoom meeting to discuss your project.
Our complete step-by-step process can be viewed here “Our Process”
The cost to build a house in Los Angeles comes out to about $350 for a value-conscious home, $400 for a mid-range type, and $450 or more for a highly customized one. The national average building costs range from $150 for low-end and $450 per square foot or more for high-end. As one of the most expensive cities to build a home, Los Angeles residents may spend more than the national average to complete their house.
Custom homes typically cost more per square foot to construct than model or tract homes. Though the cost of building materials like steel, concrete and lumber hit record highs earlier this year, the cost of lumber has since gone down.
This depends on the size of the house, location, topography, permit status, and level of customizations.
If you already have a building permit, it typically takes 10-12 months to build a new single family home on a relatively flat lot. If you are building a basement it typically takes 14-18 months to complete.
If you do not have plans or permits it would take an additional 3-6 months.
Simple, just schedule a free no-obligation phone call or Zoom meeting and we can give more specific time-frames for your specific project.
Our complete step-by-step process can be viewed here “Our Process”
It is typically more difficult to secure a construction loan for a luxury home than to secure a mortgage for a pre-built home.
Types of Construction Loans in California
There are four types of construction loans available to California homeowners. These include construction-to-permanent loans, construction-only loans, owner-builder loans and renovation loans. A construction-to-permanent loan finances construction of a home and then converts into a fixed-rate mortgage once the home is completed.
With a construction-only loan, the lender issues a short-term, adjustable-rate loan that is used to complete construction of a home.”Once the home has been built, the loan must be paid in full or refinanced into a mortgage.
Owner-builder loans are only issued to owners who plan to act as the general contractor for their build. As such, owner-builder loans are only available to owners who can demonstrate experience as a homebuilder or have a contractor’s license. Last on our list is the renovation loan.
Renovation loans are most akin to a traditional mortgage because they are based on the anticipated value of the home after renovations. There are quite a few home improvement loans available to California homeowners. These include cash-out refinancing, FHA 203(k) rehab loans, home equity loans, home equity lines of credit and personal loans.
Drexel Luxury Homes does not rely on traditional payment processes when charging clients because these systems do not make sense for a custom home build. Instead, we utilize a milestone-based payment system. This way, you only pay for the finished job. Rather than placing a large down payment or paying in monthly installments, you pay when as the work is done, verified and approved by inspectors.
Because our team is local to Los Angeles, Drexel Construction understands the permitting process.
When you hire Drexel Construction as your design-build firm, you get an experienced team of architects, designers, project managers, and permit expeditors to assist with the entire design and permit process.
The city charged a permit application fee which could range from $1K to 10K or more just to submit the plans. This varies depending on the scope and value of the project. The permit fee which is required to issues the permit could cost between $3K-$50K or more depending on the scope and value of the project.
Simple, just schedule a free no-obligation phone call or Zoom meeting and we will give you a better estimate of the time and cost involved in obtaining a building permit.
Our complete step-by-step process can be viewed here “Our Process”
A dedicated project manager and qualified design-build team will be assigned to your project.
During the build process, our team works closely with you to keep you informed about your project through your owner portal, where you can view daily logs and photos of your project and you can enjoy a seamless build experience, FROM DESIGN TO REALITY…THE DREXEL CONSTRUCTION WAY.
The length of warranty for materials used during construction depends on the company, brand or retailer from which we source individual products. As such, length and coverage of these warranties will differ from product to product.
Experience, Dedication, Commitments
There is no difference. Drexel Luxury Homes is the brand name of Drexel Construction Management LLC which is the legal entity of the business. Drexel Construction Management LLC is a California Limited Liability Company who is a licensed California General Contractor.
Frequently
Asked
Questions
More information about our business.
Yes, Drexel Construction Management is completely licensed and insured. Our company’s California Contractors State License Board CSLB License Number is #1014160.
All of our subcontractors are fully licensed and insured.
Drexel Luxury Homes designs and builds custom homes across Los Angeles, California. We build homes in the following areas:
– Bel Air
– Beverly Hills
– Beverly Grove
– Beverlywood
– Brentwood
– Century City
– Cheviot Hills
– Culver City
– Encino
– Hancock Park
– Holmby Hills
– Hollywood
– Hollywood Hills
– Korea Town
– Larchmont Village
– Los Feliz
– Mar Vista
– Pacific Palisades
– Picfair / Faircrest
– Santa Monica
– Sherman Oaks
– Silverlake
– Venice
– Westchester
– West Hollywood
– West Adams
Simple, just schedule a free no-obligation phone call or Zoom meeting to discuss your project.
Our complete step-by-step process can be viewed here “Our Process”
The cost to build a house in Los Angeles comes out to about $350 for a value-conscious home, $400 for a mid-range type, and $450 or more for a highly customized one. The national average building costs range from $150 for low-end and $450 per square foot or more for high-end. As one of the most expensive cities to build a home, Los Angeles residents may spend more than the national average to complete their house.
Custom homes typically cost more per square foot to construct than model or tract homes. Though the cost of building materials like steel, concrete and lumber hit record highs earlier this year, the cost of lumber has since gone down.
This depends on the size of the house, location, topography, permit status, and level of customizations.
If you already have a building permit, it typically takes 10-12 months to build a new single family home on a relatively flat lot. If you are building a basement it typically takes 14-18 months to complete.
If you do not have plans or permits it would take an additional 3-6 months.
Simple, just schedule a free no-obligation phone call or Zoom meeting and we can give more specific time-frames for your specific project.
Our complete step-by-step process can be viewed here “Our Process”
It is typically more difficult to secure a construction loan for a luxury home than to secure a mortgage for a pre-built home.
Types of Construction Loans in California
There are four types of construction loans available to California homeowners. These include construction-to-permanent loans, construction-only loans, owner-builder loans and renovation loans. A construction-to-permanent loan finances construction of a home and then converts into a fixed-rate mortgage once the home is completed.
With a construction-only loan, the lender issues a short-term, adjustable-rate loan that is used to complete construction of a home.”Once the home has been built, the loan must be paid in full or refinanced into a mortgage.
Owner-builder loans are only issued to owners who plan to act as the general contractor for their build. As such, owner-builder loans are only available to owners who can demonstrate experience as a homebuilder or have a contractor’s license. Last on our list is the renovation loan.
Renovation loans are most akin to a traditional mortgage because they are based on the anticipated value of the home after renovations. There are quite a few home improvement loans available to California homeowners. These include cash-out refinancing, FHA 203(k) rehab loans, home equity loans, home equity lines of credit and personal loans.
Drexel Luxury Homes does not rely on traditional payment processes when charging clients because these systems do not make sense for a custom home build. Instead, we utilize a milestone-based payment system. This way, you only pay for the finished job. Rather than placing a large down payment or paying in monthly installments, you pay when as the work is done, verified and approved by inspectors.
Because our team is local to Los Angeles, Drexel Construction understands the permitting process.
When you hire Drexel Construction as your design-build firm, you get an experienced team of architects, designers, project managers, and permit expeditors to assist with the entire design and permit process.
The city charged a permit application fee which could range from $1K to 10K or more just to submit the plans. This varies depending on the scope and value of the project. The permit fee which is required to issues the permit could cost between $3K-$50K or more depending on the scope and value of the project.
Simple, just schedule a free no-obligation phone call or Zoom meeting and we will give you a better estimate of the time and cost involved in obtaining a building permit.
Our complete step-by-step process can be viewed here “Our Process”
A dedicated project manager and qualified design-build team will be assigned to your project.
During the build process, our team works closely with you to keep you informed about your project through your owner portal, where you can view daily logs and photos of your project and you can enjoy a seamless build experience, FROM DESIGN TO REALITY…THE DREXEL CONSTRUCTION WAY.
The length of warranty for materials used during construction depends on the company, brand or retailer from which we source individual products. As such, length and coverage of these warranties will differ from product to product.
Experience, Dedication, Commitments
There is no difference. Drexel Luxury Homes is the brand name of Drexel Construction Management LLC which is the legal entity of the business. Drexel Construction Management LLC is a California Limited Liability Company who is a licensed California General Contractor.
Yes, Drexel Construction Management is completely licensed and insured. Our company’s California Contractors State License Board CSLB License Number is #1014160.
All of our subcontractors are fully licensed and insured.
Drexel Luxury Homes designs and builds custom homes across Los Angeles, California. We build homes in the following areas:
– Bel Air
– Beverly Hills
– Beverly Grove
– Beverlywood
– Brentwood
– Century City
– Cheviot Hills
– Culver City
– Encino
– Hancock Park
– Holmby Hills
– Hollywood
– Hollywood Hills
– Korea Town
– Larchmont Village
– Los Feliz
– Mar Vista
– Pacific Palisades
– Picfair / Faircrest
– Santa Monica
– Sherman Oaks
– Silverlake
– Venice
– Westchester
– West Hollywood
– West Adams
Simple, just schedule a free no-obligation phone call or Zoom meeting to discuss your project.
Our complete step-by-step process can be viewed here “Our Process”
The cost to build a house in Los Angeles comes out to about $350 for a value-conscious home, $400 for a mid-range type, and $450 or more for a highly customized one. The national average building costs range from $150 for low-end and $450 per square foot or more for high-end. As one of the most expensive cities to build a home, Los Angeles residents may spend more than the national average to complete their house.
Custom homes typically cost more per square foot to construct than model or tract homes. Though the cost of building materials like steel, concrete and lumber hit record highs earlier this year, the cost of lumber has since gone down.
This depends on the size of the house, location, topography, permit status, and level of customizations.
If you already have a building permit, it typically takes 10-12 months to build a new single family home on a relatively flat lot. If you are building a basement it typically takes 14-18 months to complete.
If you do not have plans or permits it would take an additional 3-6 months.
Simple, just schedule a free no-obligation phone call or Zoom meeting and we can give more specific time-frames for your specific project.
Our complete step-by-step process can be viewed here “Our Process”
It is typically more difficult to secure a construction loan for a luxury home than to secure a mortgage for a pre-built home.
Types of Construction Loans in California
There are four types of construction loans available to California homeowners. These include construction-to-permanent loans, construction-only loans, owner-builder loans and renovation loans. A construction-to-permanent loan finances construction of a home and then converts into a fixed-rate mortgage once the home is completed.
With a construction-only loan, the lender issues a short-term, adjustable-rate loan that is used to complete construction of a home.”Once the home has been built, the loan must be paid in full or refinanced into a mortgage.
Owner-builder loans are only issued to owners who plan to act as the general contractor for their build. As such, owner-builder loans are only available to owners who can demonstrate experience as a homebuilder or have a contractor’s license. Last on our list is the renovation loan.
Renovation loans are most akin to a traditional mortgage because they are based on the anticipated value of the home after renovations. There are quite a few home improvement loans available to California homeowners. These include cash-out refinancing, FHA 203(k) rehab loans, home equity loans, home equity lines of credit and personal loans.
Drexel Luxury Homes does not rely on traditional payment processes when charging clients because these systems do not make sense for a custom home build. Instead, we utilize a milestone-based payment system. This way, you only pay for the finished job. Rather than placing a large down payment or paying in monthly installments, you pay when as the work is done, verified and approved by inspectors.
Because our team is local to Los Angeles, Drexel Construction understands the permitting process.
When you hire Drexel Construction as your design-build firm, you get an experienced team of architects, designers, project managers, and permit expeditors to assist with the entire design and permit process.
The city charged a permit application fee which could range from $1K to 10K or more just to submit the plans. This varies depending on the scope and value of the project. The permit fee which is required to issues the permit could cost between $3K-$50K or more depending on the scope and value of the project.
Simple, just schedule a free no-obligation phone call or Zoom meeting and we will give you a better estimate of the time and cost involved in obtaining a building permit.
Our complete step-by-step process can be viewed here “Our Process”
A dedicated project manager and qualified design-build team will be assigned to your project.
During the build process, our team works closely with you to keep you informed about your project through your owner portal, where you can view daily logs and photos of your project and you can enjoy a seamless build experience, FROM DESIGN TO REALITY…THE DREXEL CONSTRUCTION WAY.
The length of warranty for materials used during construction depends on the company, brand or retailer from which we source individual products. As such, length and coverage of these warranties will differ from product to product.
Experience, Dedication, Commitments
There is no difference. Drexel Luxury Homes is the brand name of Drexel Construction Management LLC which is the legal entity of the business. Drexel Construction Management LLC is a California Limited Liability Company who is a licensed California General Contractor.