Wednesday, March 28, 2007

How To Plan a House

The title of this blog is Simplify my Life, but it seems like life is anything but simple these days. We're in the process of planning and building a house, and hope to get this done by the end of the year. My parents want to give my sisters and I each a house lot on their farm. I'm the first to try and do this, as my younger sisters are not ready to settle in just yet.

There's a whole lot to do here. Here's a very basic outline of the steps we think we'll need to get done:
  1. Choose an area where we want to build (done)
  2. Have that area surveyed and divided
  3. Obtain that lot from my parents (either nominal sale or gift)
  4. Inquire and start the process of bringing electricity and telephone to the lot
  5. Select a house plan (We're going modular)
  6. Get a construction loan
  7. Get the lot ready - foundation, septic, well, driveway, etc
  8. Have the House delivered and move in
We got step two put into action this week, as we've been interviewing surveyors and getting proposals on getting the lot done. One of the engineering firms we talked to was someone that a friend of the family had used several times in the past, was pleased with them, and they also came in a full $1500 less than the next firm's price. We ensured that all the proposals contained the same work and went with this firm. We had to send a 50% deposit to them, which was mailed this Monday and pretty much wiped out one of my savings accounts (ING Direct).

We'll try to keep you posted on the process!

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run from the "modular"

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Planing a house its a very good work to do, for those who are in the business. I belive you can have some good results, if u are a good house planning man.!

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Getting a house can be very costly this days. Also the additionals costs, are also important to consider them.!

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One type of loan that can be very beneficial in this situation is a home equity loan. You avoid the up front fee's that other loans make you pay so, you have the cash from your loan immediately. You can use the loan at any time which is great for construction and improvements. The variable interest also has its perks. These loans are difficult to get if you have bad credit but, if your credit score is good, you can get one fairly easily.

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