The team at The Owner Builder Club LOVES this part of the process. It’s where creative juices really start to flow.
When applying for an owner builder loan, banks are looking for detail.
They will require the job to have quotes for all trades & products. The other requirement by the bank is for the client to have funds to cover 20% of the build cost…
It’s compulsory in some states to complete an Owner Builder course in order to obtain an Owner Builder Permit. The Owner Builder Club is big on knowledge being power (we write this often) so if you reside in a state where it’s not compulsory, we HIGHLY recommend that you still consider doing one.
The requirements to obtain a permit differ by state so again, you need to understand what these are depending on the state you’re building in.
If you hover over the Pre-Plan tab on the menu bar, simply select ‘Where to Find More Information’.
The Owner Builder Club likes to dot our I’s and cross our T’s which means getting written contracts in place with tradespeople is a no brainer.