As you build a-frame-houseplan, keep in mind that your goal is to own your home in 3 housebuilds. You'll want to sign a contract with each of your selected sub contractors.
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With the first two houses, keep in mind that you need to build for someone else to buy them. Many times your likes and dislikes are totally different from the persons' you want to appeal to who will ultimately buy your home.
Don't build for your likes, but use neutral colors and less “you”. You can bring color into the room with accessories. Build it to sell. You may like it but someone else won't necessarily like what you like. Think more “this home's buyer..” not “our home.”
If you make a-frame-houseplan a simple starter home, which appeals to a 1st time buyer, it will be easier to sell. Remember, you want to be able to sell this home not build a rental. Your #1 objective is to own your free house in 5 years.
You have to keep reminding yourself, “This house is not mine.” Your final home can have more frills in it.
See more of our experience with first home building.
A Starter Home
We recommend that you go visit a-frame-houseplan at an open house in your area to get an idea of what is being purchased by first time buyers. That will give you an idea of what you'll want to build for your first simple starter home.
Keep it simple, and put it on a basement to accommodate a little growing family, with room for them to grow. We put our home on a basement and have enjoyed the space for storing all our tools and miscellaneous things. And, even though we are just "two" we have room when the grandkids come to visit.
Stick to your houseplan
I have to say, that we ended up building 300 sq feet larger house than we should have, and so our learning curve wasn't based on taking my own advice by starting with a-frame-houseplan, nor did we stay with the plans entirely.
It is so easy to want a little more, a bigger this or that, brushed nickle instead of chrome on the fixtures, because it isn't “much more” money. A little here, and a little there, adds up to a fair amount of money in the end. Both you & your spouse have to remind each other that “this first home is NOT OUR HOME!!!” Save your wants till your final build, however, choose colors and fixtures that you could live with - if you had to.
Your first a-frame-houseplan should be around $150,000-$200,000 in value, and the 2nd can be around $200K-$300,000 value, while your final home can be $400,000 to $500,000. This is based on home prices of 2007 before the housing bubble burst, so you will want to adjust your thinking to the price of homes of "today"
NOTE: You need to realize that these numbers are based on the housing market before the housing "crunch" of 2008-09, so these figures need to be adjusted accordingly. In some cases the larger million dollar homes have been devalued to $500,000. And in another case a $569,000 home was re-evaluated to $300,000. This represents the price of land that has dropped in value. If only the cost to build the homes would follow the same numbers, but it costs even more to build now (2012) because of less home construction crews available, and increase in costs of cement, lumber, etc.
The good thing is that when the housing market takes a "hit" and values go down, they always rebound back up. Back in the '80's people added on to their existing home when housing prices dropped, instead of building new homes. You may want to consider that right now (2012). Personally, we are waiting until the price comes up again to build our 2nd home because we would lose our equity if we sold right now. Now is a good time to buy the land for our next home though.
If you are retirees you may be thinking of leaving a nest-egg for your children by building a bigger house. But remember, a bigger house costs more for taxes and insurance AND it has to be cleaned – uhg, and if you don't have a mortgage for several years, because you've paid it off, then you have the monthly payment that can accrue for the kids inheritance, if that's important to you.
Personally, I think the kids need to learn how to build a-frame-houseplan for themselves and do all this for themselves, without my help. Then whatever they inherit is pure gravey. Besides that, I want my kids to be self-sufficient and not rely on an inheritance to bale them out.
- Getting started with the building process
Select your subcontractors
Sign a contract with your subs
Selecting your house plans
MOREOwn your home in 3 housebuilds
Importance of an engineer drafting your plans
A step by step guide to building your free home
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