Why not build your own house ?

[NotCranky]

Well, if you think you are up to the challenge I will offer any help on this thread that I can.

First you might note that custom builders are not doing so well right now. That means that you can go buy a piece of land and spend all your time and money and end up at market value or worse with regards to cost,even as an “owner builder”.It might be a better idea to buy an existing house.

How do you build a house and hold down a job? What are you going to do if your family member shoots a framing nail through his eye?

[ironman]

Those are valid points , thanks for bringing them on

I would agree that if I want to build a small condo on a small parcel it makes ense to buy from builder (money savings are not going to be enough compared to time loss)

But if I am looking at 1 acre+ 4-bedroom house say brand new, those are going to be very expensise since the demand is low and builder profit margin is greater

The higher you go the greater the profit margin, the easier to fall under builder price IF you do it yourself.

[ironman]

Those are valid points , thanks for bringing them on

I would agree that if I want to build a small condo on a small parcel it makes ense to buy from builder (money savings are not going to be enough compared to time loss)

But if I am looking at 1 acre+ 4-bedroom house say brand new, those are going to be very expensise since the demand is low and builder profit margin is greater

The higher you go the greater the profit margin, the easier to fall under builder price IF you do it yourself.

[ironman]

Those are valid points , thanks for bringing them on

I would agree that if I want to build a small condo on a small parcel it makes ense to buy from builder (money savings are not going to be enough compared to time loss)

But if I am looking at 1 acre+ 4-bedroom house say brand new, those are going to be very expensise since the demand is low and builder profit margin is greater

The higher you go the greater the profit margin, the easier to fall under builder price IF you do it yourself.

[ironman]

Those are valid points , thanks for bringing them on

I would agree that if I want to build a small condo on a small parcel it makes ense to buy from builder (money savings are not going to be enough compared to time loss)

But if I am looking at 1 acre+ 4-bedroom house say brand new, those are going to be very expensise since the demand is low and builder profit margin is greater

The higher you go the greater the profit margin, the easier to fall under builder price IF you do it yourself.

[ironman]

Those are valid points , thanks for bringing them on

I would agree that if I want to build a small condo on a small parcel it makes ense to buy from builder (money savings are not going to be enough compared to time loss)

But if I am looking at 1 acre+ 4-bedroom house say brand new, those are going to be very expensise since the demand is low and builder profit margin is greater

The higher you go the greater the profit margin, the easier to fall under builder price IF you do it yourself.

[XBoxBoy]

I do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.

I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)

Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.

Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.

XBoxBoy

[XBoxBoy]

I do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.

I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)

Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.

Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.

XBoxBoy

[XBoxBoy]

I do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.

I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)

Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.

Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.

XBoxBoy

[XBoxBoy]

I do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.

I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)

Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.

Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.

XBoxBoy

[XBoxBoy]

I do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.

I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)

Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.

Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.

XBoxBoy

[ironman]

XBoxBoy,

Thanks for taking the time to respond!

The points that you bring are very constructive !

It is a certainly a challenging project that needs to examine from many angles to make it possible.

[ironman]

XBoxBoy,

Thanks for taking the time to respond!

The points that you bring are very constructive !

It is a certainly a challenging project that needs to examine from many angles to make it possible.

[ironman]

XBoxBoy,

Thanks for taking the time to respond!

The points that you bring are very constructive !

It is a certainly a challenging project that needs to examine from many angles to make it possible.

[ironman]

XBoxBoy,

Thanks for taking the time to respond!

The points that you bring are very constructive !

It is a certainly a challenging project that needs to examine from many angles to make it possible.

[Author]

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