owner builder construction: Owner-Builders Saving Money - 07/07/09 02:27 PM
This year, probably half of the construction loans I have done have been for owner-builders. This is the term we use for people who are building a home without a general contractor. In reality, the projects vary from individuals who never lift a hammer and just schedule all the subcontractors, to the people who are out there on the project themselves setting their own concrete forms and doing all their own framing and finish work.
For those who are a little nervous about being completely in charge, there are now lots of consultants available, as well as companies who will build … (1 comments)
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owner builder construction: Owner-Builder Financing in Eastern Washington - 04/23/08 12:36 AM
I wrote last time that this was a great year for building your own home, and I have had lots of requests for financing. One thing I want to point out to people, is that at this point in time, if you want someone to finance you as an owner builder, you will need some equity in your land or have some cash. This is a t least true in my market of Eastern Washington.
In the past, some lenders would finance 100% of your entire land acquisition and construction, but those programs are gone, and you should plan on having 10-20% … (0 comments)
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owner builder construction: Wenatchee Owner Builder Financing - 03/17/08 12:10 AM
2008 seems to be a great year to build your own home in the Wenatchee area. I have seen a large increase in the number of clients requesting owner-builder mortgages. Some bought land a few years ago and others are buying their lots now. It looks like people will save some money building their homes this year versus 2007. The reason for this is that every subcontractor and supplier was scrambling last year to keep up with all the projects from their regular builders; this year, fewer builders are starting new speculative projects, which means the subs are a little hungrier … (1 comments)
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