Your first housebuild should simply be a-frame-houseplan To own your home in 3 housebuilds, start with your houseplan. but first sign a contract with your subcontractors
As you build a-frame-houseplan, keep in mind that your goal is to own your home in 3 housebuilds.
With the first two houses, keep in mind that you need to build for someone else to buy them. Many times your likes and dislikes are totally different from the persons' you want to appeal to who will ultimately buy your home. Don't build for your likes, but use neutral colors and less “you”. Build it to sell. You may like it but someone else won't necessarily. Think more “this home's buyer..” not “our home.” If you make it a simple starter home, which appeals to 1st time buyers, it will be easier to sell. Remember, you want to be able to sell this home not build a rental. Your #1 objective is to own your free house in 5 years. We had to keep reminding ourselves, “This house is not ours.” Your final home can have more frills in it. See Our experience with First Home Building.
A Starter Home
We recommend that you go visit a-frame-houseplan to get an idea of what is being purchased by first time buyers. That will give you an idea of what you'll want to build for your first simple starter home.
Keep it simple, and put it on a basement to accommodate a little growing family, with room for them to grow. The cost for a basement is only a few thousand more, than building on a slab or putting in footings and foundations only. The foundations go so far into the ground, that practically all you have to do is put in a basement floor, so the cost is minimal for the space gained.
Stick to your houseplan
I have to say, that we ended up building 300 sq feet larger house than we should have, and so our learning curve wasn't based on taking my own advice by starting with a-frame-houseplan, nor did we stay with the plans entirely. It is so easy to want a little more, a bigger this or that, brushed nickle instead of chrome on the fixtures, because it isn't “much more” money. A little here, and a little there, adds up to a fair amount of money in the end. Both you & your spouse have to remind each other that “this first home is NOT OUR HOME!!!” Save your wants till your final build. Your first home should be around $150,000-$200,000 in value, and the 2nd can be around $200K-$300,000 value, while your final home can be $400,000 to $500,000.
SEE.Cost Estimator
If you are retirees you may be thinking of leaving a nestegg for the children to split up by building a bigger house. But remember it has to be cleaned – uhg, and if you don't have a mortgage for several years, then you have the monthly payment that can accrue for the kids inheritance, if that's important to you..
Personally, I think the kids need to learn how to build a-frame-houseplan for themselves and do all this for themselves, without my help. Then whatever they inherit is pure gravey. Besides that, I want my kids to be self sufficient and not rely on an inheritance to bale them out.
Getting started building
Subcontractors
Sign a contract with your subs
MORE.....own your home in 3 housebuilds
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