Posts Tagged ‘Many People’
Six Steps To Building A Modern Prefab Home
January 20th, 2010
Renee Adelmann asked:
Many people dream of building their own custom designed home but don’t for a variety of reasons. The complexities of the construction process can seem overwhelming. Some people assume you have to be rich to build your own home, others just don’t know where to begin.
Actually, building a home can be both fun and affordable. This is especially true for modern home buyers since there are a variety of high-quality, modular and prefabricated homes which can literally be had “out of the box”. These prefabricated homes (often referred to as prefab homes, modular homes, or manufactured homes) combine the best of high-end architecture with eco-friendly living.
If you decide to go with a modern prefabricated home, the tasks involved in building a home become even simpler than a traditional stick-built home. This doesn’t mean that there isn’t work involved, but it is a very logical, step-by-step process.
1. Crunch the numbers. Think about what you can afford. Talk to your banker or mortgage lender and find out what you qualify for. It might be a good idea to get pre-qualified so that when you find the right property, you can get things rolling without delay.
2. Buy your land. Obviously you must own the land before you can build the house, but what many people don’t realize is that the lay of the land will help to define your housing choices. The layout you ultimately choose will depend to some degree on the topography, exposure, and location of the property. Be sure you pay attention to local building regulations, soil conditions/drainage, and CC&Rs. An experienced real estate agent who has assisted other home buyers with land or lot purchases for either prefabricated or custom homes should be able to assist you with this process.
3. Find a prefab design company. This is really when the fun begins. There are many choices out there, so do your homework. You will quickly realize that there are modern prefab designers and architects out there for just about every need and pocketbook. Check out companies such as Clever Homes, Michelle Kaufmann Designs, Marmol Radziner Prefab, and the Dwell Homes by Empyrean. Even IKEA is assembling homes for the European market. It wouldn’t surprise me to see them eventually make their way over to our shores.
4. Organize the team. Once you’ve chosen your prefab home design company, you’ll need help! Some prefab companies will handle this for you (for a fee), but many require that you line up your own professionals. At a minimum you’ll need a general contractor to prepare the site and assemble the home once it has been delivered.
5. Get permits. You will need building permits and perhaps design reviews, depending on your neighborhood. Your contractor may handle some of this for you, although you will be responsible for the permit fees, etc.
6. Have fun. Don’t sweat the small stuff. Just be sure to arrange contracts with everyone and get everything in writing!
Building a modern prefab home requires careful coordination and patience however the result is often well worth the wait. Proper due diligence and planning should result in a fabulous prefabricated home with architectural and “green living” flair which you can enjoy for many years.
Many people dream of building their own custom designed home but don’t for a variety of reasons. The complexities of the construction process can seem overwhelming. Some people assume you have to be rich to build your own home, others just don’t know where to begin.
Actually, building a home can be both fun and affordable. This is especially true for modern home buyers since there are a variety of high-quality, modular and prefabricated homes which can literally be had “out of the box”. These prefabricated homes (often referred to as prefab homes, modular homes, or manufactured homes) combine the best of high-end architecture with eco-friendly living.
If you decide to go with a modern prefabricated home, the tasks involved in building a home become even simpler than a traditional stick-built home. This doesn’t mean that there isn’t work involved, but it is a very logical, step-by-step process.
1. Crunch the numbers. Think about what you can afford. Talk to your banker or mortgage lender and find out what you qualify for. It might be a good idea to get pre-qualified so that when you find the right property, you can get things rolling without delay.
2. Buy your land. Obviously you must own the land before you can build the house, but what many people don’t realize is that the lay of the land will help to define your housing choices. The layout you ultimately choose will depend to some degree on the topography, exposure, and location of the property. Be sure you pay attention to local building regulations, soil conditions/drainage, and CC&Rs. An experienced real estate agent who has assisted other home buyers with land or lot purchases for either prefabricated or custom homes should be able to assist you with this process.
3. Find a prefab design company. This is really when the fun begins. There are many choices out there, so do your homework. You will quickly realize that there are modern prefab designers and architects out there for just about every need and pocketbook. Check out companies such as Clever Homes, Michelle Kaufmann Designs, Marmol Radziner Prefab, and the Dwell Homes by Empyrean. Even IKEA is assembling homes for the European market. It wouldn’t surprise me to see them eventually make their way over to our shores.
4. Organize the team. Once you’ve chosen your prefab home design company, you’ll need help! Some prefab companies will handle this for you (for a fee), but many require that you line up your own professionals. At a minimum you’ll need a general contractor to prepare the site and assemble the home once it has been delivered.
5. Get permits. You will need building permits and perhaps design reviews, depending on your neighborhood. Your contractor may handle some of this for you, although you will be responsible for the permit fees, etc.
6. Have fun. Don’t sweat the small stuff. Just be sure to arrange contracts with everyone and get everything in writing!
Building a modern prefab home requires careful coordination and patience however the result is often well worth the wait. Proper due diligence and planning should result in a fabulous prefabricated home with architectural and “green living” flair which you can enjoy for many years.
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101 things to do with a Pound Coin!
August 25th, 2009
pound asked:
Many people who follow me in property know that I am promoting Rick Otton’s strategies for buying property using no bank financing and none of my own money (except a pound)! I recently bought a house for
Many people who follow me in property know that I am promoting Rick Otton’s strategies for buying property using no bank financing and none of my own money (except a pound)! I recently bought a house for
How To Flip A House And Be Financially Independent
August 12th, 2009
Chris Chico asked:
To become financially independent many people learn how to flip a house. This process could not be simpler to understand and it is even easier to execute once the basic methodology has been understood. It is a simple process that typically involves four steps: first, identify a potential house to purchase. Second, acquire the funds needed to purchase the property. Third, negotiate an acceptable buying price for the property. The fourth and final step is to then find a buyer that is willing to buy the newly acquired for a higher price.
The first step of any real estate investment is to find and identify a potential property. A potential property can be identified by its sound appearance, availability, and, most importantly, a low asking price. It is a good idea when searching for a property to invest in to research the surrounding real estate market. Real estate is valued on a comparative basis. This means that the price of a particular house is based on the value of similar houses in the immediate area. By studying these properties a smart investor can identify those houses which are priced below the comparative market value.
A house may be priced below market value for many reasons including poor condition, foreclosure proceedings, tax liens, or any number of other reasons. A great way to find houses that have been foreclosed on is to contact your local bank or lending institution. Properties with tax liens against them can be found at the court house or local tax office. Once you have identified a promising property, you have to acquire the funds necessary to retain ownership of the house. If you are not an experienced or wealthy investor, then this could be a tricky and confusing process. The first thing to remember is that a bank lends money in order to make money. If they do not think that your investment opportunity will be profitable, then they will be unlikely to extend the needed or requested funds. Therefore it is important to be as prepared as possible when answering the loan officer’s questions. Have facts about the property, the surrounding market place, and your personal financial history at hand and accurate. Do not attempt to mislead the officer. They will find out the facts eventually and any dishonesty will hurt your chances of completing a successful loan application.
Once the property has been identified and the money acquired, then you must negotiate the best possible asking price. This step in the process can mean the difference between an ultimate profit or loss at the end of the day. Again it is important to have your facts. Know the comparative market place and make sure you have identified the possible negatives of the house in question that may force the owner to lower the asking price. Remain confident and always stand firm with any and all offers.
When you have gained ownership over the property, then the final step to learning how to flip a house is to locate and extend an offer to a potential buyer. Again negotiation is key to the success of the transaction. Highlight the positive aspects of the house and only accept an offer that nets a profit. Follow these steps and you will be flipping house in no time.
To become financially independent many people learn how to flip a house. This process could not be simpler to understand and it is even easier to execute once the basic methodology has been understood. It is a simple process that typically involves four steps: first, identify a potential house to purchase. Second, acquire the funds needed to purchase the property. Third, negotiate an acceptable buying price for the property. The fourth and final step is to then find a buyer that is willing to buy the newly acquired for a higher price.
The first step of any real estate investment is to find and identify a potential property. A potential property can be identified by its sound appearance, availability, and, most importantly, a low asking price. It is a good idea when searching for a property to invest in to research the surrounding real estate market. Real estate is valued on a comparative basis. This means that the price of a particular house is based on the value of similar houses in the immediate area. By studying these properties a smart investor can identify those houses which are priced below the comparative market value.
A house may be priced below market value for many reasons including poor condition, foreclosure proceedings, tax liens, or any number of other reasons. A great way to find houses that have been foreclosed on is to contact your local bank or lending institution. Properties with tax liens against them can be found at the court house or local tax office. Once you have identified a promising property, you have to acquire the funds necessary to retain ownership of the house. If you are not an experienced or wealthy investor, then this could be a tricky and confusing process. The first thing to remember is that a bank lends money in order to make money. If they do not think that your investment opportunity will be profitable, then they will be unlikely to extend the needed or requested funds. Therefore it is important to be as prepared as possible when answering the loan officer’s questions. Have facts about the property, the surrounding market place, and your personal financial history at hand and accurate. Do not attempt to mislead the officer. They will find out the facts eventually and any dishonesty will hurt your chances of completing a successful loan application.
Once the property has been identified and the money acquired, then you must negotiate the best possible asking price. This step in the process can mean the difference between an ultimate profit or loss at the end of the day. Again it is important to have your facts. Know the comparative market place and make sure you have identified the possible negatives of the house in question that may force the owner to lower the asking price. Remain confident and always stand firm with any and all offers.
When you have gained ownership over the property, then the final step to learning how to flip a house is to locate and extend an offer to a potential buyer. Again negotiation is key to the success of the transaction. Highlight the positive aspects of the house and only accept an offer that nets a profit. Follow these steps and you will be flipping house in no time.