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Building a house -- architect/loan question
Posted on 12/17/19 at 9:13 am
Posted on 12/17/19 at 9:13 am
Got a great deal on an empty lot in an expensive area of town. We're getting ready to build a rental house on the lot. The builder is well vetted and comes highly recommended.
Do we need an architect? We were referred to an architect who quoted us a $13,000 fee on a $200k house.
Also, probably a dumb question, but do we need building plans before a bank will give us a loan?
Do we need an architect? We were referred to an architect who quoted us a $13,000 fee on a $200k house.
Also, probably a dumb question, but do we need building plans before a bank will give us a loan?
4
Posted on 12/17/19 at 9:23 am to TheOcean
That is stupid fricking high for a $200K house. Shop around.
Posted on 12/17/19 at 9:27 am to Brobocop
Whoops...architect fee is $9,000 and seems rolled into the construction quote
Posted on 12/17/19 at 9:33 am to TheOcean
Use a drafter. I am in the process of doing something similar now. He charged $1/sqft under roof. No need to get an architect to stamp where I am and only need engineer stamp if ceilings are 12ft I believe.
And yes you will need plans and contractor bid to get the loan.
And yes you will need plans and contractor bid to get the loan.
Posted on 12/17/19 at 9:35 am to TheOcean
quote:
Also, probably a dumb question, but do we need building plans before a bank will give us a loan?
Yes maybe not all, but 99% will need to see the plans before the loan. They will need to give the plans to the appraiser so he can use it when appraising the projected build.
What state are you building in?
Posted on 12/17/19 at 9:41 am to thatguy777
Agreed on the drafter part. We printed out some plans from online and gave it to a guy who charged us $350 to make it into blue prints with some changes. $350k house.
Posted on 12/17/19 at 10:13 am to thatguy777
quote:
No need to get an architect to stamp where I am and only need engineer stamp if ceilings are 12ft I believe.
I'm an architect, I've never heard of this. For single-family residential, you need either an architect's stamp or an engineer's stamp. You do not need both (regardless of ceiling height)
If you're looking for a cookie cutter design for a rental, sure...use one of those draftman/designer guys and save yourself some money.
If you're designing your forever home...hire an architect
ETA: love all the cheap asses with their down votes
This post was edited on 12/17/19 at 4:00 pm
Posted on 12/17/19 at 12:03 pm to TheOcean
Get on the city's website and find out what they require to approve a building permit. It will tell you what specific drawings you need and what situations might require a stamp. As mentioned, home designers or even complete plans online will be more cost effective. Unless you have something unique online plans may be fine. You'll need a set of plans and a budget for construction costs for any loan from a bank.
Posted on 12/17/19 at 1:39 pm to Roberteaux
quote:
single-family residential, you need either an architect's stamp or an engineer's stamp.
Does this change by parish? Because if so, I just built a house without either.
Posted on 12/17/19 at 3:59 pm to nugget
quote:
Does this change by parish? Because if so, I just built a house without either.
I suppose this could be the case. But most places are going to require stamped drawings
Posted on 12/17/19 at 4:47 pm to TheOcean
If it’s a rental find a plan the builder has built before and has the cost down to the nail.
Yes, generally lending institutions want to see scope of project you are asking them to back with several hundred thousand dollars. On an investment property they may want as much as 25% down, but the value of lot would go towards that number
Yes, generally lending institutions want to see scope of project you are asking them to back with several hundred thousand dollars. On an investment property they may want as much as 25% down, but the value of lot would go towards that number
This post was edited on 12/17/19 at 4:50 pm
Posted on 12/17/19 at 8:41 pm to Shepherd88
quote:
Agreed on the drafter part. We printed out some plans from online and gave it to a guy who charged us $350 to make it into blue prints with some changes. $350k house.
It amazes me what people feel the need to cheap out on. You probably spent way more on change orders, bad designs, etc than you saved by not using a qualified professional. Nobody with experience would charge only $350. I mean, how much time do you really think they spent ripping off these “online plans” you found?
Posted on 12/17/19 at 9:58 pm to nugget
Yes. Requirements can vary by municipality.
This post was edited on 12/17/19 at 10:00 pm
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