WHAT'S AN OWNER BUILDER?
This person is a "do-it-yourselfer" (hands-on or not): They want to control and be involved in their project. They may own land, and they have a strong desire to realize the home of their dreams. They may own a home and have their own ideas about remodeling it! 10% of (residential) construction projects each year in the US are started and completed by "owner-builders" and this number is growing: There's a definite do-it-yourself trend in this country, with more people expressing a desire to have control and involvement in their new construction or major remodel project, while saving money in the process. That means the market for Consultation Services is rapidly expanding. Imagine the mistakes made and the dollars lost by not having the available counsel of a construction expert when trying to self-manage a project. Mr. Anderson provides the expert guidance and local subcontractors that satisfy the needs of the owner-builder.
WHY BE AN OWNER/BUILDER?
Have you seen Dateline's broadcast called Monet Pit? Homeowners share their nightmares with unlicensed and unscrupulous licensed contractors! This show will convince you to consider doing it yourself! If you are an owner/builder or someone who will use sub-Contractors or tradespersons, Mr. Anderson can help you save time and money and provide you with a range of options that you'll require to complete your project successfully. Many people over the years have hired a Contractor, only to learn when it's too late, that they're being taken advantage of. Why not "do-it-yourself", with the consultation and advise of a seasoned professional! Imagine saving $25K, $50K or more on your next homebuilding project. You could, it happens all the time. Being your own contractor empowers homeowners, plus the opportunity to SAVE Thousands of dollars via cutting out the middleman in the building (or remodeling) of their own home! You have full control over your homebuilding project. You choose any home plan You desire (see below). You purchase materials from any source or any local lumber company. You hire the sub-contractors, or, use friends and relatives or take on projects yourself. The harder You work the more money You save. Remember, there are risks with hiring a licensed contractor as well, and you will need to spend time/monies to find/hire one. Remember, knowledge is power!
LICENSING: First, the State of Colorado does not have a State Contractors Board. When you see the word "licensed" coming from a contractor, they're attempting to validate themselves. Notwithstanding, licensed Contractors "purchase" licenses from the 20 States that require this process; They do it more to track work for taxation purposes (income tax from the workers, property taxes for the improvements), than for pre-qualifying individuals. Experience does not equal talent or logic. Contractor licensing schools guarantee its student-customers that they'll pass the contractors license exam. In other words, you don't have to be talented, experienced or intelligent to get licensed, just determined! All Contractors (licensed or not) are required to carry workers compensation if they have employees, prior to commencement of work on your property. They may or may not be covered, and so it's up to the homeowner to check them out in any situation. Should you decide to hire a contractor, doing so does not shift liability away from you, the homeowner! All owner-builders (homeowners) should carry Construction Liability
Insurance: check with your homeowner's insurance carrier (agent) to see what you're already covered for...your own agent could likely suppliment your policy for the duration of construction, if needed.
OTHER RESOURCES FOR THE (HOME) OWNER/BUILDER:
Indymac Bank:
Building a new home or just remodeling? Go from groundbreaking to housewarming
in one easy loan. One application. One set of closing costs. Permanent financing provided. Loan specialists with you every step of the way.
Owner/Builder Financing:
The "ULTIMATE Construction Loan™" lets YOU be the general contractor even without a builder's license! Get virtually unlimited draws disbursed directly to your checking account and maintain TOTAL OWNER-BUILDER CONTROL!
Denver Creative Mortgage Funding:
The owner builder loan or construction loan is available both as an owner occupied property and also as an investment property.
Financing w/Home Gain:
Apply for a loan or find out how much home you can afford.
Bankrate.com is the Web’s leading aggregator of interest rates and information on over 100 financial products. We provide the most current objective, unbiased rates on banking products such as mortgage rates, auto loans, home equity loans, credit cards and more.
Owner Builder Guide: Better Manage Your Home Building or Remodeling Project!
Owner Builder Books: Books and DVDs focused on the owner/builder market!