Can You Be Your Own Custom Home Builder?

Do it Yourself, Financing, Owner/Builder

Contractor hires HomeWrights

General Contractor Hires HomeWrights to Help Build Custom Home

Watch the video here to learn how to be your own contractor and save a fortune! But what skills do you need to be successful at building a custom home – for the first time? Listen to why this Denver CONTRACTOR hired HomeWrights Custom Homes! He needed help getting financing if he was going to act as his own contractor on his own property. Banks may be nervous about first-time home builders trying to do their own thing. BUT, like John Krauklis found, with HomeWrights on the team, funding a custom home can be a whole lot easier! 

Owner-Builder Skills, Simple – But VERY Important! 

  1. Project Management Skills – You must be an organized person, able to manage a calendar and capable of thinking ahead.
  2. Managing the Checkbook – Your money management skills are critical. These are not complex accounting skills, just a basic understanding of where your money is going. If you can manage your checkbook, pay bills on time, and keep things up to date you’ll do well as an Owner-Builder.
  3. Communication Skills – Can you get along with difficult people? Can you be kind and firm? Can you hold someone accountable without being rude? Can you make others your friend? If so, you’ll be an effective Owner-Builder.
  4. Patient and Flexible – Can you stay calm in chaos? Things get hectic on a build site and you need to make quick decisions. And, since this is the first time anyone has ever built your exact home, you’ll need to be flexible and patient. Challenges always come up with custom home building and the more patient and flexible you can be the better experience you will have.

Financing Your Custom Home

Many first-time homebuilders think that getting a construction loan, while acting as your own builder, is the same as getting a traditional mortgage. It’s not. It’s understandable why many lenders would be hesitant to lend money to someone for a project with little or no experience. But, when HomeWrights Custom Homes is supporting and guiding the project, the lender knows there are professionals on the job to protect their investment and make sure the home gets built right, on time, and on budget. We have suggestions on where to go for a new construction loan here. 

The HomeWrights Owner-Builder Program could save you $100,000 to $200,000 in construction fees! That’s money in your pocket or equity in your home.

 

Learn more about the Owner-Builder Program.

Don’t hire a contractor. BE the contractor!

Why HomeWrights Custom Homes? 

Every custom home is unique and HomeWright’s has a team of professional builders to partner with you as you build wealth for your future by acting as your own custom home builder.

Whether you’re taking advantage of our Owner-Builder program or our Turnkey approach to building your custom home, recognizing the importance of setting goals and having clear intentions will make that journey towards your dream home a lot smoother! 

Call with any questions: 303-756-8870

We have representatives in Boulder, Colorado Springs, Denver, Fort Collins, Pueblo, and I-70- Mountain Corridor areas.

We’re happy to meet at your home, our office, or virtually.