Violence is always an option
There is always another way
-- Orlanthi sacred laws
A first decision anyone looking to purchase a home must make is whether to buy one from someone else, or go for new construction. Trish and I started out looking for an already built home for the following reasons:
- it's environmentally sound
- there are lots of people out there trying to sell off underwater houses
- taking out a construction loan and acting as a general contractor -- "Are You Nuts?!?"
But... "There is always another way." [1] So we will be neither buying an already built home nor taking on the risk of new construction. Instead, we're working with Mike Salvador. (You can see a link to his web site over ---> there.) He is buying a lot and building a house on it. He is working from a plan created by Shane Structures (also over ---> there), and customizing it to suit our needs. He will then sell it to us.
Is this risky? Yes, for both of us. Lots of things can go wrong on a building site. He could go bankrupt and we lose the deposit. We could lose the ability to get a mortgage in six months and he's stuck with a white elephant of a structure no one else wants to buy. But that's why I'm a professional worrier. We're currently working on the paperwork to minimize the risk to both sides.
Another way Trish and I minimized our risk is that this is not the first time Mike has built from these plans. We visited another homeowner, who raved about his work. And it's a lovely home.
The outside:
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The other two rules ("NOCMYDA" and "VIAAO") are not especially appropriate for housebuilding. But I digress
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