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Updated almost 3 years ago, 04/05/2022

User Stats

43
Posts
9
Votes
Ryan Sweeney
  • Investor
  • Austin, TX
9
Votes |
43
Posts

First time home build

Ryan Sweeney
  • Investor
  • Austin, TX
Posted

Hello Everyone,

I have scrubbed through several threads and haven't seen anything that could help me.

I am going to build my first two (investment) homes on empty lots that I own.  I am looking for general guidance for the journey (good updated book, website, etc.) which I can reference.

The overall concept is in my head. I have read the POA ACC rules, know what I can and cannot do, have a general checklist to move forward on that end (albeit slower than someone with experience).

I am planning on providing my portfolio to local banks (cost of projects, estimated ROI- short term BnBs, etc) to get a construction loan followed by a refinance to mortgages (ideally with the same bank).

I am stuck on how/where to begin the floor plan...The home designer vs Engineer vs Architect.

I am leaning on 1 of 2 companies to do my custom home builds.  I want them to run the project, but want to be deeply involved so that I can learn along the way (development is going to be my path forward in Real Estate).  This is in short of having a mentor in development/home building.

The plot thickens a bit because I own the materials, SIPs panels, and need a designer who understands how to generate a legitimate floorplan for these eco-based home builders.  

Two local quotes (with knowledge of SIPs) came out similar (~$14k and $16k).  It seems very steep to me, but my gut is telling me that going with a drawing off FIVERR or UPWORK will end up being a waste of money given the uniqueness of the home/materials I am building.

How would you proceed?  Is the price fair for such a unique project?  What are experiences getting cheaper home designs online?

I am located around Austin, Texas

Thank you

Ryan

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