| 1 - |
Q. |
Can I build
my own home if I don’t have any building experience? |
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A. |
Yes. 95% of our clients have no building experience
at all. You primarily act as the project manager. You
will only provide hands-on work if you have the desire. |
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| 2 - |
Q. |
Will I have anyone to
support and guide me through the process? |
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A. |
A professional New Home Consultant is with
you every step of the way. |
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| 3 - |
Q. |
How much time will I
need to spend on the jobsite if I am acting as my own
project manager? |
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A. |
You will likely spend around 10 to 20 hours
per week. You will be routinely speaking with sub-contractors
and giving general oversight of the phases of the project. |
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| 4 - |
Q. |
What will it cost to
build my own home? |
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A. |
Due to the number of variables from project
to project, we cannot answer this question until we
learn more about your specific home. Many factors are
different for each project including home design, local
fees, lot topography, etc. Furthermore, even if all
of these factors remained the same for each project,
the quality of building products and home furnishings
that you decide upon will greatly affect the cost of
your home.
Considering the above factors, we can tell you that
most Owner Builders complete their home at approximately
10% - 20% below the appraised value. Once we see your
project in detail, you can compare your Owner Builder
cost to local market prices to see more specific cost
savings. (Example: $200,000 home @ 20% equity = $40,000)
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| 5 - |
Q. |
How do I find land or
a location to build? |
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A. |
There are several ways to do this. Some suggestions:
Go to the local realtor(s) and ask about land for sale,
take a drive in the area you would like to build in
and look for land for sale, look in the local newspaper
ads, ask friends, family, and co-workers if they have
seen any land for sale. |
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| 6 - |
Q. |
What home plans are
available? |
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A. |
With Owner Build, you can choose from nearly
10,000 home plans on our site or you can bring us your
own plan. |
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| 7 - |
Q. |
How much do I have to
put down? |
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A. |
Normally, $1500 down or less. (Go to the construction
loan button in your back office for more details.) |
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| 8 - |
Q. |
Do I have to have perfect
credit to qualify? |
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A. |
You do not have to have perfect credit, however
there are some credit requirements and income requirements.
(Go to the construction loan button in your back office
for more details.) |
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| 9 - |
Q. |
How long do I have to
build my home? |
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A. |
You have up to 12 months to build without
any payments, however, you can be much quicker than
that and you only start making payments when you move
in. |
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| 10 - |
Q. |
Do I need a General
Contractor? |
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A. |
No, not if you use our Owner Builder Program
with the assistance of our associates. |
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| 11 - |
Q. |
Why would I want to
build my own home? |
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A. |
Most Owner Builders save approximately 10%-20%,
and many save more, it all depends on how much of your
own time and labor you put into your new home. Plus,
as an added benefit, because you are in control of the
building process, it is quite likely that you'll end
up with a top quality job and a superior home that your
family can enjoy for years to come. |
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| 12 - |
Q. |
If I decide to be my
own Project Manager, how can I find good subcontractors? |
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A. |
Ask friends, family, and co-workers for referrals,
visit the local Chamber of Commerce and ask for a list
of sub-contractors, visit the local lumber yards and
ask for referrals. These are just some suggestions. |
