Thats a lot of money, but that large of a down payment saves you the expense of private mortgage insurance when you do complete construction.
We saved thousands of dollars by doing some of our own work.
Luckily, we did qualify for nice credits for making our home energy efficient.Both can also make sure the mortgage offer has a validity of six months rather than the usual three, which can help ensure that any mortgage offer doesnt expire before the property is built.We found a local realtor who really knew our neighborhood and after the first meeting we realized how little we really knew.They"d us 132/hour and claimed that the other companies underestimated how long it would take to move us and would then end up costing us more.Our builder has a 3 man team and then subs out most of the other work (drywall, paint, concrete, plumbing, etc).Use your own skills (or find someone that has skills) and do some of the labor on your own. .We are looking for some advice before our brains explode, as if moving back in with my parents to enable us to save iguazĂș grand hotel spa & casino wasnt hard enough!Be specific, and make sure you are all on the same page.
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A rough calculation had us saving 4-6k of interest because of this.
The money you save goes into your home-building fund.To our luck and amazement, our builder only required a 5k down payment (which we paid cash though here are some tips on taking out a personal loan from a bank if you need to go that route.You dont want to have to go back and re-do your poor quality job.Make an extra 1,000 a month after taxes, and youre putting 12,000 into your fund annually.After one planning meeting, we already felt much more comfortable with the situation compared to the previous experience we had.Building your dream home may not be cheap, but youll save oodles of money if you take advantage of a credit card with 0 APR.You can save money by doing some of the work yourself, even if it is just painting or cleanup.Find a Good Architect When it comes to having a vision of what something is to look like, Im horrible! .We were what age can you buy a lottery ticket bummed out, but not shortly after, had a second offer.Of course, the most important thing is that the builder stays within that bid.

Trust me it will save you many headaches and arguments in the end.
The first two moving companies didnt even come out to the house and"d us 80/hour and 107/hr respectively and both expected the move to take around 6-8 hours.