Posted by dpendzic on April 20, 2012 at 16:54:06 from (72.70.241.119):
In Reply to: O/T:Building a house posted by c-man on April 20, 2012 at 14:19:58:
I think the most important fact is need.If your current home is too small, or needs many costly repairs, then if you can afford a construction/mortgage loan to cover the costs you can"t cover it would be feasible to build new. When I was first married we rented for 2 years, bought land, and I built our house on it the second year and have lived there for 40 years. I obtained a construction/mortgage to cove costs i couldnt swing. saved enough to eventually build two vacation homes, but sold the first as it was too much maintaining 3 homes!
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