“Would-be owner-builders need to objectively assess their own abilities before making this kind of decision. Its not for the faint-hearted.”
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“Second home purchase can be a rewarding way to spend relaxing time with family and friends. If the costs, deductions and income tax changes brought about by owning a second home are a benefit or at least not a burden, the pleasures are even greater.”
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“Some things go as planned in the construction project. Some dont. And its the some that dont [that] are the real test in the life of a full-time or a one-time general contractor.”
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“Bear in mind that youll have to pay slightly higher mortgage insurance premiums for FHA (loans). But, the good news is that FHA recently lowered these premiums.”
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“Almost anyone can become a homeowner today. So, dont feel that you have to rush into the first deal youre offered. Consider all of the factors. Ask questions and take your time.”
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“A lot of utilities have loan financing programs because air conditioners, from their perspective, are a big energy drain during the summer. The utilities are very motivated.”
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