Comments on: The process of building a house

By: bob

bob — Wed, 05 Aug 2009 13:00:26 +0000

@Carol not from the site itself, but if you copy and paste it into Google Docs you can convert those documents into PDFs. Please see the article reprinting policy for more detail... Thanks!

By: Carol

Carol — Wed, 05 Aug 2009 09:02:00 +0000

Would it be possible to create this article as a PDF download from your website?

By: Carnival of Twenty Something Finances for July 13, 2009 | Money Under 30

Carnival of Twenty Something Finances for July 13, 2009 | Money Under 30 — Tue, 14 Jul 2009 14:18:01 +0000

[...] ChristianPF: The Step-by-Step Process of Building a House [...]

By: BankruptcyAccess.com

BankruptcyAccess.com — Mon, 13 Jul 2009 11:42:27 +0000

The 45th Bankruptcy & Debt Carnival- Links Online……

Welcome To The 45th Bankruptcy & Debt Carnival!

July 13th 2009

*Posts presented according to subject*
Bankruptcy
Finance Tips 101 presents Tips To Help You Qualify For A Home Mortgage | Finance Tips 101 posted at Finance Tips 101.
Credit C…

By: Angie

Angie — Thu, 09 Jul 2009 12:51:52 +0000

Congrats. I built from the ground up as well and have been in my home for a year now. First, be careful if you take the advice of the gentleman that suggested adding wire. I wanted to do that, but doing anything during the building process that is not by the builder may void your 1 year warranty. I also agree to pay attention to the little things, but also the big things…they almost put a wall where a wall wasn’t supposed to go, they left the ceiling fan brackets out of two of the bed rooms and some other stuff. Just keep a close eye and follow up, follow up, follow up with everyone. The process can be slow if you don’t. Visit the site while the workers are there so they have a face with the house.

Building a home the way you want it is a wonderful thing. I love my house (not real happy with my builder), but really love my house because it really is what I wanted.

Prayers of blessings for your family, for the builder and mortgage lendor.

By: Joe

Joe — Thu, 09 Jul 2009 07:42:43 +0000

Very wise and practical tips!

By: bob

bob — Wed, 08 Jul 2009 19:40:36 +0000

Kevin,
yea, we first were pre-qualified and I was amazed at how little they actually knew about our situation when they gave us that approval. The commitment letter that we got from them really is a commitment contingent only on the “house stuff” and not on us as borrowers – the builder was actually very specific about this as they didn’t want to get started building without knowing for sure that we would be able to get financing…

By: Patrick

Patrick — Wed, 08 Jul 2009 18:34:31 +0000

Bob,
Dude, you have to do this AS SOON as the framing is up. Buy a large roll of speaker wire. Sneak into the job site after everyone has left and run the wire all over the freaking house. Anywhere you could possibly imagine having speakers. Definitely in the upper corners of any room having a TV or Stereo. If you don’t use it, fine, but it will be a Life saver when you go for that banging surround sound.

Being computer savy, you could also run some ethernet lines around the house, so you can come back and install a nice computer network connected throughout the whole house. That way you never have to pay extra for wireless, and you don’t have to worry about the security hassles of wireless.

If you still have a landline telephone, you can do the same.

Congrats, I hope everything goes well .

By: Kevin at OutOfYourRut

Kevin at OutOfYourRut — Wed, 08 Jul 2009 18:32:22 +0000

Bob, from a former mortgage guy, look at your mortgage commitment, and make sure it’s a commitment, and not a prequalication letter, or a “preapproval” subject to everything. Not saying this is you, but a lot of people think just about any letter from a bank that doesn’t have DENIED written on is a commitment chiseled in stone, which is often not the case.

To echo BMM, inspect, inspect, inspect, and don’t close if you aren’t happy.

Also, since you’re buying new construction, the re taxes will be assessed on the land only so your escrow will be low at the closing table. Be prepared for that to be corrected about a year or so later. A little extra in the emergency fund is never a bad idea.

By: Lakita

Lakita — Wed, 08 Jul 2009 16:38:33 +0000

First off….congrats!!!

I will also be taking advantage of the 1st Time Homebuyer’s Credit, but I am not going to have my first home built…I’m going to save that for later down the line!

Thanks for sharing, because one day I will have a house built and this type of information will be useful!

Lakita