Rules Of Thumb For Building A Custom House
Find Your Property
Finding the land you are going to build your home on can be one monumental step. Not only will you need to find out if the parcel is eligible for a building permit, any applicable taxes and what the parcel is zoned for, but you will also have to get it for a price that fits your budget.
Funding
Investors really make the best source of construction loans due to their flexibility but banks and credit unions will do just fine. Plan to put fixtures and upgrades in your home that fit your budget and your personality. You need to have house plans drawn up to estimate the price of the final product. Your lender will need the drawings to approve any loans.
Architects Are Vital
From California to New York to Arkansas, home plans include foundation, framing, siding, plumbing and electrical details, and can range from as little as $600, to as much as several thousand. It is always best to screen at least three applicants before you hire any professional and architects are no different. Then take these plans and prices to your lender, and see what they will offer you in terms of financing.
Don't Be Too Rigid
Don't be surprised by some necessary changes in your plans. Factors that may effect the rate at which your home is constructed can range from weather to labor disputes so be pro-active if they pop up. It will take you a long time to complete the project so don't be impatient or pushy with your subs.
Having your own home built can be an exhausting, yet very rewarding endeavor. As with so many other things in life, you just have to keep pushing and step by step you will reach your goal and complete building your dream home. Not reaching your goal to complete your home construction will potentially cost you everything you have, so failure is not an option.
Of course, this is just a general outline. Plan on using all of your time, in one way or another, to teach yourself as much as you can about construction in general, and you will be far ahead of your competition. - 23208
Finding the land you are going to build your home on can be one monumental step. Not only will you need to find out if the parcel is eligible for a building permit, any applicable taxes and what the parcel is zoned for, but you will also have to get it for a price that fits your budget.
Funding
Investors really make the best source of construction loans due to their flexibility but banks and credit unions will do just fine. Plan to put fixtures and upgrades in your home that fit your budget and your personality. You need to have house plans drawn up to estimate the price of the final product. Your lender will need the drawings to approve any loans.
Architects Are Vital
From California to New York to Arkansas, home plans include foundation, framing, siding, plumbing and electrical details, and can range from as little as $600, to as much as several thousand. It is always best to screen at least three applicants before you hire any professional and architects are no different. Then take these plans and prices to your lender, and see what they will offer you in terms of financing.
Don't Be Too Rigid
Don't be surprised by some necessary changes in your plans. Factors that may effect the rate at which your home is constructed can range from weather to labor disputes so be pro-active if they pop up. It will take you a long time to complete the project so don't be impatient or pushy with your subs.
Having your own home built can be an exhausting, yet very rewarding endeavor. As with so many other things in life, you just have to keep pushing and step by step you will reach your goal and complete building your dream home. Not reaching your goal to complete your home construction will potentially cost you everything you have, so failure is not an option.
Of course, this is just a general outline. Plan on using all of your time, in one way or another, to teach yourself as much as you can about construction in general, and you will be far ahead of your competition. - 23208
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posted by X - Men @ 2:15 AM
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