Is it hard to build your first home?
475753
My husband and I were faced with the question to build our first home, or just buy.  After talking with plenty of friends who have or are building their home, and doing some research on it - we decided to buy a brand new home instead.  \n\nThe biggest complaints I heard was getting all those permits... water,  sewer, utilities, building... the list goes on.  (Where I live - which is cheap compared to most places, each permit is no less than 500$)\n\nI don't want to discourage you though... perhaps you have a bit more patience than us!  I would just do all the research you can do for the area you live in.  Ask around.
902823
It's probably a lot of stupid stuff they will make you explain, like a late payment, a gap in employment, that sort of thing.  First-time homebuyers have to jump through hoops for financing.  The best thing is, if you execute it perfectly for the next several years, the very next mortgage you apply for will happen almost effortlessly.
1067764
The hardest part is making up your mind to do it.  Once you really have, the rest is fairly simple.  Decide if you want to lose yourself in a big city, or if you want to be part of a community in a small town.  Jobs might be scarcer in a small town, but odds are you might like the job itself a little better because of interacting with neighbors and friends.\n\nIf you have a lot of possessions you need to take, then the planning can get more detailed.  In that case, take your time, do some research, rent a truck if you need it, take care of things where you are, and go.  It helps to have a plan and a place to stay when you get there.\n\nBut it sounds to me like you might be looking to get away from something or someone, and I don't know if you have to do this in a hurry or on the sly.\n\nI have done it both ways.  I've done the carefully planned out move, and I've done the grab what money I can and run move.  They both work out, one can just be a little tougher than the other.\n\nHaving a job in the new place first always helps, but depending on your skills or experience, some jobs are just easier to get if you're already in the new town.  Temp jobs while you look for the right position could tide you over.\n\nThere are cheap motels that rent by the week, and while they're not always the best places to live, it gives you a roof and a base to work from while you find a job and a home.\n\nBut keep your chin up - this could be one of the most positive experiences of your life, if you just look at it that way.  A little time to be self-sufficient, empower yourself, maybe even get to know yourself better.\n\nGood luck to you.
352537
owner will aloow you to make payments on house rather then have you bother with going to bank and trying to get loan and paying owner in full. most owners are pretty basic and easy to work with...a hell of alot better then lenders...each owner may have their own criteria's you have to meet so it is best to ask them what the payment plan entails.
90159
If you have no credit, its almost like having bad credit. Nobody will want to finance you because you have no history. Your best bet would be to go for a HUD home. They will build a home for you or give you a standing home in good condition and they will work out a payment that meets your budget. It was designed for people in simaler postitions. There is also Section 8 houseing that you can look into. There are probably waiting lists for them. Other than that you could get a realitor to point you in the right direction.
857843
Most states have a first time homebuyer program available for people who have never owned before, low credit score are acceptable, your income must be below a maximum guideline.  Low interest rates and immediate second morgtages for closing costs are usually available.  Chech with you local banks, they will know what programs are available.\nGood Luck!
455936
Yes, owning your own business.\n\nThe hard part is finding what you're good at and realizing taht you can make a living off of it. Hobbies can turn into incomes.
293790
I see a question like this and wind up with more questions than answers. You say you want to start professionally remodeling houses, but I don't know where you're starting from or what direction you're moving in from.\n\nAre you a real estate agent, a developer, a tradesman? Have you got a builder's license? For that matter, are you in the U.S. or some other part of the world? \n\nEach of these would affect the course that you take. You don't need to do more in areas where you've already got the practice and development, but you will need to expand to cover new areas.\n\nMy son is a builder specializing in remodels, fully licensed, insured, etc. as a builder. I have worked for him, other contractors, for homeowners, for real estate developers and agents, property management companies. I'm not a remodeler but have been around them quite a bit.\n\nI would say that the one thing that seems to help a lot and take much of the strain off being in that business is having a good relationship with an architect and/or a building engineer. Nothing seems to integrate a job as well as having a good plan directly related to the property in question.\n\nBuilding/remodeling skills, business skills, good money handling, an aptitude for scheduling, the ability to meet commitments, knowledge of codes and law..... all needed. Some you can do. Some you hire other people to do. You maintain oversight and the buck stops with you, meanwhile other people are working so that you don't have to all the time.\n\nA good architect will provide you with a plan that minimizes problems during the process. Scheduling is easier, you're less likely to run into something you don't expect, less work has to be done twice. Nothing's ever completely easy, but this one "tool" - the architect - can make most of the construction process easier. Better workflow = more profit for time and effort invested.\n\n(edit)\nI'm going to add this on because I think it may help if you are starting with nothing but a vague idea you'd like to do this. Here's some of my son's history:\nWent to University on music scholarship. Played professionally. While in College of Music started building stage sets and found he enjoyed it.\nStarted using these skills he gained in building sets to repair apartments in the college town in return for housing, cash.\nTook year off to travel professionally. Came back saying "I've been doing this since I was 12 and it's not fun anymore and I want my music to be fun." \nGot job in another college, College of Business, doing maintenance and repair/remodeling. Lowered his tuition (as employee) and provided him with business background.\nApprenticed to remodeler taking part in rebuilding of a registered Historical Neighborhood.\nLeft school without a degree, but lots of education. Took state tests, filed papers, and started his own business.\nGot into tax trouble. Closed business and went to work for another outfit. Paid off tax problem and vowed never to get into that situation again.\nWent independent again.\nBusiness has been growing steadily for more than ten years now. Maintains music studio in his house and teaches music for fun (and profit). Keeps office in house also, but doesn't spend much time in it. Is incorporated, licensed, insured and carries a payroll. Sub-contracts where necessary. Has 3~4 trucks on the road.
1160197
It depends on what you want to do.  If you want to make commercial software then yes it is hard. If you want to make simple programs then no.
442071
To build a basement to a house is to expensive. If you don't need it why? It can increase the building costs in some cases with ~ 30%, because of the bigger foundations, water insulation's, digging etc. It's much easier and cheaper to build at ground level.
723040
If you have to try at it, no!  It should come naturally and not be something you pre-plan.
494552
I don't think anyone can build a home, let alone buy a home that cheap. Even bank REOs are more than 5-10k in cost and the majority of the time need to be fixed up. I suggest you find someone that is having a difficult time paying their mortgage and if their loan is assumable, take over their mortgage and title to property. Give them a few grand once they move out to cover their moving expenses. \n\nRegards...
58531
Well 1st of all give me the country and exact place you want to build your home. By the way where is bay area? I know people in banks and loan companies in the US, Canada, Australia and the Philipines so I might be able to help you.
772660
Just do it....it will get easier with experience. The first couple of times, it will be hard, but you'll feel really good about yourself when you finally do it.
668122
By the end of high school one is supposed to have decided what he/she would like to be or do. I was a university freshman at 17 and just taking general courses when I saw some guy carrying a drafting board. Since I grew up around my father's drafting board and I am very good at drawing, the decision to ba an architect came easily. Got licensed and worked abroad. (Twenty years later I have decided to be something else---a mom.)  Go for something you enjoy doing because it will be more fun than work.
369971
Yes, although the most popular is an FHA loan that most mortgage bankers carry.  Go to http://www.hud.gov/ Here you will find answer to many questions as a first time home buyer.  I purchased my first property with an FHA Loan and even though the paperwork is a little more, it is the way to go due to the low down payment required.  Also look for a bank with "FHA credits" this can lower the money required at closing.
13090
If you are going to back it financially, any construction company will welcome you with open arms. It takes a large amount of time, money and work just getting the real estate and permits. If it is a fantastic idea and you are not going to finance it, as soon as you let the cat out of the bag, it is no longer your idea.