How Do Construction Loans Work?

With our house construction plans in hand and the contract details being hammered out, it’s time to look at the financial side of things. Though we’re bringing a decent chunk of cash to the project, we’ll be financing at least a portion of the build process with a construction loan.

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Financial, Getting Started
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What Does Your Lighting Allowance Include?

Rounding out our discussion of construction allowances, have you ever wondered what your lighting allowance includes? I didn’t, because it seemed obvious. Lights are lights, so that’s what it must cover. Right?

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Construction, Financial
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What Does Your Brick Allowance Include?

Since we’re on the topic of construction allowances… Let’s talk about bricks. Our brick allowance is $300 per 1,000 bricks. But exactly what does that include? Well, as with most things… It depends.

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Construction, Financial
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What’s a Reasonable Carpet (or Tile) Allowance?

As a quick followup to my earlier post about construction allowances, I just wanted to touch on the topic of “how much is enough?” when it comes to flooring allowances. For our project, we have allowances for both carpet and tile. The oak hardwood is included in the base contract price.

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Construction, Financial
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Construction Allowances: How Do They Work, and Why Do Builders Use Them?

Allowances are a tool that contractors use to allocate construction costs when the details haven’t been specified up front. They might, for example, specify that their turnkey price includes a lighting allowance of $3,000 or a carpeting allowance of $20 per square yard.

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Financial
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Scanning Your House Plans for Backup and Customization

After spending $1k or more on a set of house plans, you might be interested in backing them up. While some architectural firms might provide electronic copies, others don’t — or they charge an arm and a leg for it.

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Getting Started
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Frank Betz Discount Code

As I noted in my previous post, we’ve picked out our floor plan and are in the process of thinking through possible customizations. While we do that, I wanted to share a quick money-saving tip for those who are thinking of buying house plans from Frank Betz Associates.

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Financial, Getting Started
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Finding and Buying House Plans

Once the health department approved our septic permit, we turned our attention to buying our house plans. We had already picked out a floor plan, but held off on buying the building plans until we found a suitable lot.

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Getting Started, Planning
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Septic Permit Request: Approved!

Good news… I just heard for the health department that our preliminary septic plan has been approved. This means that we’ll (hopefully!) be able to go with the simplest possible septic system, with the main drain line in the basement, and the septic tank and drain field out front.

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Getting Started
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Septic Tank and Drain Field Considerations

When I previously wrote about selecting a lot for building a house, I mostly discussed personal preferences. Here, I’ll be focusing on another big piece of the lot selection puzzle… The suitability of the land for a septic system.

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Getting Started
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