What is a construction-to-permanent loan?

A construction-to-permanent loan funds the build at a variable rate during construction, then converts automatically into a permanent mortgage at close-out with one closing and one appraisal.

How much should I budget for construction loan interest?

For an 18-month build on a $4M loan at 2026-typical rates, interest carrying costs typically land in the $250,000 to $400,000 range and should be budgeted line-by-line.

How much contingency should a Charlotte custom home budget include?

Lenders typically require 5 to 10 percent. For complex custom builds, 10 to 15 percent is a more realistic contingency reserve to plan around.

Do I need a specific lender for custom home construction?

Not required, but strongly advised. Lenders unfamiliar with custom construction draws create friction that rarely justifies any rate savings. Use a private-banking construction desk with real experience.

Charlotte's Premier Luxury Custom Home Builder

Peters Custom Homes is Charlotte, North Carolina's distinguished luxury custom home builder, creating architecturally significant residences across the region's most coveted neighborhoods since 2016. Founded by Nicholas Peters, the firm builds a limited number of custom homes each year, ensuring that every estate receives the personal attention, design innovation, and construction excellence that discerning families deserve.

Our portfolio spans the finest communities in the greater Charlotte area, including Myers Park, Eastover, Foxcroft, SouthPark, Ballantyne, Dilworth, Cotswold, Quail Hollow, Piper Glen, Providence Country Club, Morrocroft Estates, Seven Eagles, Carmel Park, Sedgefield, Montclaire, Plaza Midwood, NoDa, and South End. Beyond Charlotte, we build luxury custom homes in Marvin, Weddington, Waxhaw, Matthews, Cornelius, Davidson, Mooresville, and the Lake Norman and Lake Wylie waterfront communities.

Custom Home Building Services

We offer comprehensive custom home building services including ground-up luxury construction ranging from 4,000 to over 20,000 square feet, whole-home luxury renovations, estate development, build-on-your-lot programs, and multi-generational legacy estate planning. Every project begins with a confidential consultation where we explore your vision, preferences, budget, and timeline to craft a home that reflects your family's lifestyle and aspirations.

Our design-build approach integrates architecture, interior design, and construction under one roof, eliminating the communication gaps and cost overruns that plague traditional building methods. The Peters Method is our proprietary five-phase process that guides homeowners from initial vision through move-in day, with transparent pricing, weekly progress updates, and Nicholas Peters' personal involvement at every milestone.

Neighborhoods and Communities We Serve

Charlotte's luxury real estate landscape offers remarkable diversity, from the tree-lined estates of Myers Park and the historic grandeur of Eastover to the lakefront magnificence of Lake Norman and the pastoral elegance of Marvin and Weddington. Each neighborhood presents unique opportunities for custom home design, and our deep knowledge of local building codes, lot characteristics, architectural review boards, and community covenants ensures a seamless building experience regardless of location.

For families considering Lake Norman waterfront living, we specialize in custom lakefront estates in The Point, Cornelius, Davidson, and Mooresville. Our Lake Norman portfolio showcases residences designed to maximize water views, dock access, and outdoor entertaining spaces while meeting the specific requirements of lakefront construction.

The Peters Standard of Excellence

What sets Peters Custom Homes apart is our unwavering commitment to quality, which we call The Peters Standard. This encompasses premium material selection, expert craftsmanship from Charlotte's finest tradespeople, rigorous quality control inspections at every construction phase, and a comprehensive warranty program. We partner with an exclusive ecosystem of architects, interior designers, landscape architects, and specialty artisans who share our dedication to excellence.

Our completed projects and construction portfolio demonstrate the breadth of our capabilities, from contemporary modern estates to classic Southern transitional homes, modern farmhouse designs, and European-inspired residences. Every home is individually designed and custom built — we do not build from stock plans or repeat designs.

Begin Your Custom Home Journey

Whether you are building your first custom home, upgrading to a legacy estate, or renovating an existing residence in one of Charlotte's established neighborhoods, Peters Custom Homes offers the experience, craftsmanship, and personal commitment to bring your vision to life. Contact us to schedule a confidential consultation and discover why Charlotte's most discerning families choose Peters Custom Homes for their most important investment.

Peters Custom Homes, Inc. is located at 4401 Barclay Downs Drive, Suite 132, Charlotte, NC 28209. Reach us by phone at 980-414-4194 or by email at npeters@peterscustomhomes.com. We are a BBB A+ rated builder and recognized by BuildZoom as a Top 1% North Carolina contractor.

PETERS CUSTOM HOMES

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Peters Custom Homes Journal