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Started By
Message
Home building process
Posted on 11/10/15 at 8:30 am
Posted on 11/10/15 at 8:30 am
I'm currently living in a home I bought and am considering building in a few years.
I'm totally new to this. Can somebody explain how it all works as far as loans, picking a builder, closing, etc?
Also, who are some good, reasonable builders in Baton Rouge?
I'm totally new to this. Can somebody explain how it all works as far as loans, picking a builder, closing, etc?
Also, who are some good, reasonable builders in Baton Rouge?
14
Posted on 11/10/15 at 8:31 am to King of New Orleans
That's me, I downvoted. Suck it.
Posted on 11/10/15 at 8:31 am to King of New Orleans
Contractor threads on the OT turn into shite shows. Post this on the money board for better information.
Posted on 11/10/15 at 8:32 am to King of New Orleans
You should talk to multiple builders and get multiple quotes. Talk to references as well.
Posted on 11/10/15 at 8:33 am to King of New Orleans
I probably wouldn't build again. But the fact that we built during one of the wettest springs and summers in recent memory probably soured me to the whole process.
Just start calling and meeting with builders. They can usually walk you through the whole process and you can at least start looking at plans.
Just start calling and meeting with builders. They can usually walk you through the whole process and you can at least start looking at plans.
Posted on 11/10/15 at 8:36 am to King of New Orleans
custom house?
I'm in the process of shopping for someone to draw our plans then from there I'll get quotes from a few builders. Depending on what I get back will make up my mind if I want to self contract.
I'm in the process of shopping for someone to draw our plans then from there I'll get quotes from a few builders. Depending on what I get back will make up my mind if I want to self contract.
Posted on 11/10/15 at 8:38 am to yellowfin
quote:
I'm in the process of shopping for someone to draw our plans
What are expecting to pay?
I get asked to draw plans every now and then, but I rarely accept, not enough time.
I imagine someone that's done house plans for years has a library to start with that makes it a much quicker process.
Posted on 11/10/15 at 8:43 am to LSUBoo
prices are all over the place, probably what I'll do is find something close and modify what I don't like about it
Posted on 11/10/15 at 8:45 am to yellowfin
That's always a good starting point.
Posted on 11/10/15 at 8:48 am to yellowfin
quote:
'm in the process of shopping for someone to draw our plans then from there I'll get quotes from a few builders
I'll plug Zaunbrecher Design in Lafayette if you're looking for something different from the normal homes you see around here.
Posted on 11/10/15 at 8:50 am to King of New Orleans
quote:
picking a builder
By far the most important step. Spend a lot of care choosing your builder. He will smooth the rest of the process. I just finished building and had a very good one. (Florida)
Building involves a lot of work for you even with a good builder so be sure there is a good reason for you to do so. My needs were pretty unusual.
Posted on 11/10/15 at 8:51 am to yellowfin
Where are you building? My sister and brother in law used some guy out of carencro I forget his name but he ended up $30k under budget and they were in the house a month and a half earlier than expected
Posted on 11/10/15 at 8:54 am to King of New Orleans
I'm in the process of building my house right now.
1. Get house plans. You have to have these first.
2. Take house plans to several builders to decide if you are going turn key or sub yourself.
3. Regardless of choice on #2, go to lumber yard and get a quote on material cost. This will benefit you in picking a GC based on turn key cost. Bank will also want to see material cost.
The way the bank works is, you bring them plans and cost list, they tell you how much they will loan based on plans. A construction loan is 6 months term. When construction is complete you close out the construction loan and they sell loan on market to mortgage companies.
1. Get house plans. You have to have these first.
2. Take house plans to several builders to decide if you are going turn key or sub yourself.
3. Regardless of choice on #2, go to lumber yard and get a quote on material cost. This will benefit you in picking a GC based on turn key cost. Bank will also want to see material cost.
The way the bank works is, you bring them plans and cost list, they tell you how much they will loan based on plans. A construction loan is 6 months term. When construction is complete you close out the construction loan and they sell loan on market to mortgage companies.
Posted on 11/10/15 at 8:57 am to King of New Orleans
This post was edited on 11/8/20 at 11:13 am
Posted on 11/10/15 at 8:59 am to King of New Orleans
Anything else you need to know feel free to ask. Here is where I'm at,
I made a good bit of money off my house I sold. I bet with 6 different GC's and had them bid turn key and just blacked in cost with me providing materials. Then I went to 3 lumber yards and got quotes on cost list. I am paying cash for materials and CG to get my house blacked in with shingles installed as well as plumbing stubbed out in slab.
Then I will wire and insulation myself and then sub out and borrow money from bank to finish.
I made a good bit of money off my house I sold. I bet with 6 different GC's and had them bid turn key and just blacked in cost with me providing materials. Then I went to 3 lumber yards and got quotes on cost list. I am paying cash for materials and CG to get my house blacked in with shingles installed as well as plumbing stubbed out in slab.
Then I will wire and insulation myself and then sub out and borrow money from bank to finish.
Posted on 11/10/15 at 9:00 am to King of New Orleans
You need land before anything else...
Posted on 11/10/15 at 9:09 am to King of New Orleans
How dare the king of New Orleans build a house in Baton Rouge
Posted on 11/10/15 at 9:09 am to King of New Orleans
quote:
Also, who are some good, reasonable builders in Baton Rouge?
I can't speak for the Baton Rouge area so do your research and remember the cheapest is usually the cheapest for a reason
Posted on 11/10/15 at 9:19 am to malvin
quote:
Where are you building? My sister and brother in law used some guy out of carencro I forget his name but he ended up $30k under budget and they were in the house a month and a half earlier than expected
in lafayette near the oil center
send me his name
Posted on 11/10/15 at 9:21 am to King of New Orleans
Being that you can't wipe your arse without asking the board how, this is a bad idea
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