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I have not seen a lender that will give an "owner-builder" a construction loan without being a licensed general contractor. There are various common ways to str

I have not seen a lender that will give an "owner-builder" a construction loan without being a licensed general contractor. There are various common ways to structure a deal with a general contractor - fixed price, "cost-plus", or construction manager (where you convince them to "use" their license and they check your work).

bluGill 8y ago
Several of my family members have gotten such a lot, so as of 15 years ago it was still possible. Building your own house is a good way to get end up in divorce. It hasn't happened in my family but they tell me that the stress is too high. You have to get that house built quick because the loan terms only give you a few months before you have to refinance.
- sjg007 8y ago
  Or a remodel is a quick way to divorce as well.
  - newnewpdro 8y ago
    Some of my fondest childhood memories are from periods of major DIY home rennovation projects. Remodeling the kitchen, replacing the windows, installing tile and hardwood floors, all sorts of fun and hugely educational experiences. These were times of pleasure, excitement, and productive collaboration for the entire family. When I see comments like these it makes me wonder what sort of dysfunctoinal marriages people have got themselves into, and if taking on any sort of project requiring teamwork is simply forcing a realization of an already failed state.
    - lostlogin 8y ago
      But was it a fun memory for your parents? I remember renovations being exciting too but the reality of looking after children with an unsafe house, no proper kitchen or bathroom etc, gets old really fast.
      - newnewpdro 8y ago
        Good question, and I can't speak on their behalf. All I can say is it didn't drive them to divorce, and they're still together to this day. I like to believe living in a home surrounded by the fruits of those past projects has played a positive part in their staying together, especially long after the kids left the nest. But that's nothing more than romantic speculation on my part.

bluGill 8y ago

Several of my family members have gotten such a lot, so as of 15 years ago it was still possible. Building your own house is a good way to get end up in divorce. It hasn't happened in my family but they tell me that the stress is too high. You have to get that house built quick because the loan terms only give you a few months before you have to refinance.

sjg007 8y ago
Or a remodel is a quick way to divorce as well.
- newnewpdro 8y ago
  Some of my fondest childhood memories are from periods of major DIY home rennovation projects. Remodeling the kitchen, replacing the windows, installing tile and hardwood floors, all sorts of fun and hugely educational experiences. These were times of pleasure, excitement, and productive collaboration for the entire family. When I see comments like these it makes me wonder what sort of dysfunctoinal marriages people have got themselves into, and if taking on any sort of project requiring teamwork is simply forcing a realization of an already failed state.
  - lostlogin 8y ago
    But was it a fun memory for your parents? I remember renovations being exciting too but the reality of looking after children with an unsafe house, no proper kitchen or bathroom etc, gets old really fast.
    - newnewpdro 8y ago
      Good question, and I can't speak on their behalf. All I can say is it didn't drive them to divorce, and they're still together to this day. I like to believe living in a home surrounded by the fruits of those past projects has played a positive part in their staying together, especially long after the kids left the nest. But that's nothing more than romantic speculation on my part.