Have you ever thought about building your own home? Maybe you are the do it yourself type and you've done various projects, remodels, you feel like you are capable enough to handle the whole thing. Maybe you don't have the hands-on but would like to think with some help you could subcontract the work and maybe do some odds and ends yourself.
Building your own home is like taking on a second full time job added to the work week you now already have. The rewards can be great but you need to be sure you want to take on the management of a project that will be a big investment in time and energy.
If you decide to do it yourself the saving can be big. Hiring a contractor means you are paying someone else to manage your money and provide you with a finished product. The advantages if you hire someone good is that you don't work on it you just pay for it. You come out of the deal with a home you love and find no flaws. The disadvantages are that you pay additionally beyond the real cost to build in exchange for that persons expertise, time, and connections. What they provide will add up to about 20% of the final total price on your new home. Do it yourself and do it right and that 20% is in your pocket either in the bank or in savings that produce instant equity. As the real estate market has hit the downturn wouldn't you rather have saved the 20%and not have a home that is now possibly worth less than you mortgaged.
Think about building your own home. You can do it believe or not. Research the options and there are alot of them. Determine if it would be worth saving $50,000 for 4-6 months of your time. If you have questions on how to get financing or how to get started deciding what you could build, we can help. As an independent representative for Eagles Nest Homes I can help you build ANY home design you would like to live in. Send me an email.
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