Q&A: For new construction loan: Can we get a loan if we want the builder to finish the shell but we finish inside?

Question by Lynda M ♥: For new construction loan: Can we get a loan if we want the builder to finish the shell but we finish inside?
My husband and I are looking to build a new home and would like the builder to take it only to the studs. We have a lot of construction know how and want to finish the inside ourselves to save money (We will subcontract some of it out). Will the bank loan us enough to pay the builder and buy the supplies we will need to finish it? How do we go about doing this?

Best answer:

Answer by ed m
yes you can get a loan like this — but you will need a complete detail estimate of how much it will cost to finish out the house === i did the very same thing == i took out one loan for the construction and a separate loan to finish the project. you want to set up the 2nd loan on a line of credit where by you only draw money out as you need it. i do not know your schedule but you will find that unless you are working at this full time it will take much longer than what you plan == that is why you want a line of credit type loan so you are only paying interest on the money as you use it. same way with the insurance == you will want to work with you agent so as the value of the house goes up so does the coverage. i wish you the best of luck and keep smiling because you two are taking on a task that will be putting a big strain on your personal life but it can be very rewarding in the long run.

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Builders: Class, Gender and Ethnicity in the Construction Industry (Routledge Advances in Ethnography)

Builders: Class, Gender and Ethnicity in the Construction Industry (Routledge Advances in Ethnography)

Building workers constitute between five and ten per cent of the total labour market in almost every country of the world. They construct, repair and maintain the vital physical infrastructure of our societies, and we rely upon and trust their achievements every day. Yet we know surprisingly little about builders, their cultures, the organization of their work or the business relations that constitute their industry. This book, based on one-year’s participant observation on a London constructi

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Waste Solutions Inc. – Construction & Demolition Waste Recycling

Waste Solutions Inc. - Construction & Demolition Waste Recycling

Landfills are no longer a viable option for construction and demolition (C & D) wastes, which account for more than a third of the waste stream generated in Massachusetts. USGBC’s LEED certification program, which many clients, architects and municipalities require, awards up to three points for waste recycling efforts. Recycling is now the mandated and preferred solutions to C & D debris disposal. Waste Solutions Inc of Marshfield, MA is the New England leader in C & D debris disposal.

Recycling Construction & Demolition Waste: A LEED-Based Toolkit (GreenSource) (McGraw-Hill’s Greensource)

Recycling Construction & Demolition Waste: A LEED-Based Toolkit (GreenSource) (McGraw-Hill’s Greensource)

A Complete Reference on Construction Waste Recycling This GreenSource guide offers comprehensive information on how to recycle as much as 95 percent of new construction and demolition waste, reuse existing materials, and comply with U.S. Green Building Council (USGBC) LEED waste management guidelines. Recycling Construction & Demolition Waste provides the strategies and tools you need to develop and implement a successful jobsite waste management plan. This practical resource also

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Related Demolition Products

Anyone can tell me how I can buy the technology to recycle waste construction material from demolition?

Question by nathan: Anyone can tell me how I can buy the technology to recycle waste construction material from demolition?
I’m interested in having the technology to recycle the waste material so that can save the cost. The materials might be concrete, steel et…

Best answer:

Answer by Renegade
Such a thing doesn’t exist for private people.

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