Dave Ramsey's Guide To Building Your Own Home

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  • Опубліковано 30 січ 2025

КОМЕНТАРІ • 858

  • @TheRamseyShow
    @TheRamseyShow  3 роки тому +30

    Work with a trusted real estate agent who can help you with building your new home: bit.ly/3sZJYtb

    • @dr.kikipsychnp5731
      @dr.kikipsychnp5731 2 роки тому

      Yes! As a former real estate broker, use a buyers agent!!! It truly doesn’t cost YOU anything, but you are protected.

    • @samwdavis
      @samwdavis Рік тому +1

      THIS JUST DIRVES ME CRAZY!!! Pretending that you have performed some miracle because you've worked with a builder, and architect, etc.... I've done major construction without a builder or an architect. I dealt directly with the bricklayer, the floor layer, etc. This is just ridiculous. If you have project management skills, you don't have to deal with all these middlemen. Admittedly, the US laws on codes and regulations make it an horrific experience. but that's more a reflection on the US than what makes sense to do.

  • @AnnMitt
    @AnnMitt 5 років тому +856

    1. Buyer's Realtor
    2. Project blueprint
    3. Detailed schedule
    4. Budget
    5. Select the fixtures
    6. Stay in your lane
    7. Don't drive builder crazy
    8. Have a clear path

    • @brianshishnia3278
      @brianshishnia3278 3 роки тому +24

      Good luck on the detailed schedule! Been building houses and dealing with contractors for 40 years, the detailed part will often simply not be possible. Flexible detailed schedule, sure, or build in buffer hours/days where contractor run together in an area.
      Buyer's realtor, everything they do a good GC can do without the added 1-4% overhead.

    • @christopherbeddoe406
      @christopherbeddoe406 3 роки тому +4

      Detailed schedule is there to help understand where slips are going to impact the overall project.

    • @wd269
      @wd269 3 роки тому +17

      Get the contract and costs right and then 'Drive the builder crazy' if that is what it takes to get what you contracted....this is the largest purchase of your life---treat it as such and NOT like buying a dish washer.

    • @Watermelon_Shuga
      @Watermelon_Shuga 3 роки тому

      @@wd269 good point

    • @SHAUN646
      @SHAUN646 3 роки тому +1

      Every one gets paid on Friday I guess 👀🤦‍♂️🤦‍♂️💭💭😩😩2-3 change orders oh 😯

  • @Edgarrre
    @Edgarrre 4 роки тому +895

    I’m 16 right now. I’m watching this video to be prepared and to have the knowledge that I need to be able to build my own house. It’s been my dream forever.

    • @Candorous7
      @Candorous7 4 роки тому +52

      Don't give up on your dream. Rely on elders and take your time.

    • @fletch397
      @fletch397 4 роки тому +6

      Same here

    • @blaze-uz6or
      @blaze-uz6or 4 роки тому +60

      Dont get married lol

    • @tylerleigh3264
      @tylerleigh3264 4 роки тому +8

      I’m 13

    • @14samueld
      @14samueld 4 роки тому +5

      blaze, why not?

  • @erikhay3519
    @erikhay3519 4 роки тому +327

    I am general contractor, and everything David said is 100% true. Facts.

    • @Turin-Fett
      @Turin-Fett 3 роки тому +4

      @Lauren Romero how old are you?

    • @borp6912
      @borp6912 3 роки тому +4

      @@Turin-Fett how old are you?!

    • @christopherbeddoe406
      @christopherbeddoe406 3 роки тому +3

      @Borp,
      How old are you?
      Sorry I couldn't resist.

    • @dec1slh
      @dec1slh 3 роки тому +1

      @@christopherbeddoe406 how old are you?

    • @TRUYORK718
      @TRUYORK718 3 роки тому +1

      Facts ?? How old are you ?

  • @ggslitlife9545
    @ggslitlife9545 5 років тому +393

    My dream is to own land and build my own home I’m glad I have DAVE to give me that dad advice

    • @bethanystill3449
      @bethanystill3449 5 років тому +3

      Same

    • @Fazman81
      @Fazman81 4 роки тому +7

      Thats my dream too! I can actually do a lot of the finishing work myself because I’ve worked doing trim carpentry, installing doors and windows, building cabinets and installing fixtures. Dave is really helping me get to a place where I can achieve my dream.

    • @yongfaces
      @yongfaces 4 роки тому +3

      Omg me too. And we will make it happen. We must!!! 💕

    • @isidoramartinez6510
      @isidoramartinez6510 4 роки тому

      Me too and it’s on my vision board too

    • @lindakincaid4530
      @lindakincaid4530 4 роки тому +7

      I'd suggest buying one that's already built first. Live in it, breath it, feel it. make a list of things you like and don't like. THis way when you to build your house you will have a better feel for what things you want. look at lots of plans. But if you look at too many they will all start to look the same. Our home is 2700 sq foot. big enough, but i'd lay things out a little different. I'd focus more on storage in a space. big is great, but it doesn't give you storage. I'd have smaller bedrooms with bigger custom closets, custom mud room and a custom pantry rather than lots and lost of cabinets.

  • @yamamancha
    @yamamancha 6 років тому +321

    This process Dave described is exactly how our house-building process went. I would add that another piece of paper required is a detailed estimate outlining all parts with serial numbers. This forces you to pick out materials before the project starts and ensures accountability to the budget.

    • @Icrownqueens
      @Icrownqueens 5 років тому +1

      Thanks for this @yamamancha

    • @Natedoc808
      @Natedoc808 2 роки тому +2

      I’d go back into building professionally again instead of just building spec homes on the side of the clients would follow your advice

    • @hawktuft7028
      @hawktuft7028 Рік тому +1

      Material costs fluctuate

    • @carmp3fan
      @carmp3fan Рік тому +1

      @@hawktuft7028 It's called an estimate for a reason.

    • @carmp3fan
      @carmp3fan Рік тому +2

      I believe you mean part/model numbers. Serial numbers are unique.

  • @smokey4343
    @smokey4343 6 років тому +796

    I built my house back in 2000. I did a lot of the work myself. Skipped the contractor and hired subcontractors. I bought and old backhoe to dig a full basement on my 40'x28' two story house. Took me a year to build but only cost $60k for material and labor. The only permits i had to buy was electrical and septic. I built outside the city limits on land I already owned with an old house that i lived in. I sold the old house with 2 acres and recooped most of my money on the new house with it's 8 acres.

    • @enriquebruce1928
      @enriquebruce1928 6 років тому +14

      Pete S how big is the house you built? It’s costed 60k to build your home?

    • @DylanBegazo
      @DylanBegazo 6 років тому +10

      Pete S you are an inspiration sir.

    • @DylanBegazo
      @DylanBegazo 6 років тому

      General Education TV why move from Cali? I live New York City. Never been away from the east coast but just curious. Why leave Cali? I thought everybody wants to move there cause it’s where Hollywood is.

    • @DylanBegazo
      @DylanBegazo 6 років тому +1

      General Education TV Good point. 😂

    • @RobertRyanThompson
      @RobertRyanThompson 6 років тому +4

      Pete S post a picture of it

  • @elliottaltman8832
    @elliottaltman8832 2 роки тому +27

    I’m a production home builder and used to work in the custom home business. Now looking to build my own house and about to get my residential contracting license. Hearing Dave talk about change orders and how you the homebuyer should conduct yourself was so refreshing. Find a builder you trust, and trust them to handle the process. Starting to go grey at 27 but I’m still loving my career choice in building.

  • @BoomStickTactical
    @BoomStickTactical 6 років тому +28

    I was the GC, the electrician, plumber and general labourer on mine. Saved a fortune.

    • @stec1808
      @stec1808 6 років тому

      nice, how did it turn out?

  • @PaperBagMedia83
    @PaperBagMedia83 6 років тому +115

    As a paint contractor Dave had me rolling during this segment. So many times people want to change their minds on paint colors AFTER the paint has been painted on the walls. Killing me smalls! Lol

    • @johndavis8746
      @johndavis8746 2 роки тому +5

      Then they wanna go off on the contractor for the cost going up when they make changes after things have already been installed. Yikes

    • @accordv6er
      @accordv6er 2 роки тому

      Painter here... Can confirm lol

  • @jeffersonlink9882
    @jeffersonlink9882 5 років тому +26

    I have been in construction for over 25 years and have never seen a house stay on schedule. Coupled with the labor shortage i know it is worse yet. The one variable that was not present in all of my experience was the "developer"; this case given is Dave, was conducting assessment meetings every Friday with cash in hand. Theres the incentive to keep things on schedule.

  • @VictorGuerrero-zd9by
    @VictorGuerrero-zd9by 7 років тому +31

    I work in the construction industry as an engineer. Dave nails it. All this is good and 100% true. Make up your mind and stick to it. Make selections, keep your single point of contact with the Prime Contractor. Contract documents include the contract itself, drawings, schedule, and budget. On bigger projects than a house you use specifications too, where you have to select everything before you even bid out the work.
    Don't be the bottle neck. Great advice.

  • @SherryEllesson
    @SherryEllesson 4 роки тому +45

    Dave, I'm watching this is August of 2020 and can tell you that I actually walked away from what would have been a good project (I built upscale, one-off custom homes that were well above code). The job I refused, after meeting twice with the prospective owners, involved a husband and wife who couldn't agree on anything. I'm a flexible designer, and normally I could find creative solutions to accommodate what seemed like disparate ideas; but these two were actually sabotaging each other, calling me individually and "instructing" me as to how to change the basic concepts their spouses had insisted on during our in-person meetings. I was not only ready to take on all the permitting and subcontracting work but was saving them tens of thousands in architects' fees. Please encourage your listeners to be sure they're on the same page with their spouse before they even think about having a house built.

    • @t.j.7789
      @t.j.7789 3 роки тому

      Sounds like fun!!

    • @DrgnTmrSirGawain
      @DrgnTmrSirGawain 2 роки тому

      how far apart where these two meetings?

    • @SherryEllesson
      @SherryEllesson 2 роки тому

      @@DrgnTmrSirGawain About two weeks. Why are you asking now?

    • @DrgnTmrSirGawain
      @DrgnTmrSirGawain 2 роки тому

      just trying to get a better picture of the case

  • @keithp115
    @keithp115 5 років тому +29

    My wife and I built our own house in 2000. My background was a book and two how-to videos. The banker said we were more prepared than anyone he has seen. Built it in 11 months to perfection. I plan on doing this again when I downsize. Education, planning, budgeting. Great advice Dave!

    • @anjin77
      @anjin77 3 роки тому +1

      Any recommended reading/viewing materials for someone who wants to do the same? I would like to be just as prepared!

    • @keithp115
      @keithp115 3 роки тому +3

      @@anjin77 you can find anything for this process on Amazon nowadays or at book stores. The videotapes I viewed were from the PBS series Hometime, back in 1999. We began to plan six months before the lot was purchased. Best of luck Les!

    • @jamesdufrene3572
      @jamesdufrene3572 4 місяці тому

      did you have trouble getting homeowners insurance since you built yourself?

    • @keithp115
      @keithp115 4 місяці тому

      Not at all at the time

  • @randykuhns4515
    @randykuhns4515 7 років тому +184

    I bought a piece of land back in 86 and bought a used trailer and was wowed that we put a hundred dollars down, and then with our refund money and working with a friend on the side paid the 800 dollars to close the deal on the land, this was in March, and we move onto the land in August,... I borrowed the money for the trailer on a three year loan, we paid cash for the well ($750.00)and septic tank($1250.00) and deposit on the electricity,.. so from March to August we were Blessed with the $2,400 it TOOK to make the move with NO payments on the well OR septic tank as we could never have afforded that much monthly debt with me being the only one working and at that time was grossing less than $20,000.00 and with two boys to raise,..this was such a surprise we decided to pray and ask again to build our own house rather than upgrade later to a better mobile home,.. I began in 1988 with a permit and drew up my own drawings of the house,beginning on paper napkins while sipping coffee with a friend at a small restaurant, I drew the house so many times on paper that I learned HOW to build it ON paper before I even picked up a hammer,..I had bought an 84 Nissan (bought new IN 84) base pickup at $166.00 a month, a tv at $35.00 a month, $99.00 a month land payment (2and a half acres) electric was 30 to 40 dollars a month yet when we began to build I had saved $4000.00 to buy all the lumber and plywood for a 32x48 house,..all earnestly earned,.. JUST working at a creosote plant on very meager pay,... it took me five years to build the house but I never once ran out of money OR supplies to work with, I ALWAYS had MORE money and supplies than I had time to work on the house, And this house was built with absolutely NO corners cut on quality. I saved on the free labor that I provided, We moved in in 93, with the house PAID for and WITH all receipts to prove the material was bought with earnest money,.. and the land was paid for in 96 never having had a mortgage, escrow accounts, or the ghastly 33 year monthly payments that I simply could NOT abide in peace,.. The gist of this is when we began on this property we prayed for help and began to make the attempt and NEVER found ourselves needing,.. we were frightened to even purchase a piece of land, much less find a trailer we could afford to get us on the land, yet with GODS True Blessing, we made it with flying colors, When we began to build, I prayed for success,.. and IF it DIDN'T work out I would simply bury it and quit, but at least, gratefully I wouldn't owe ANYONE for what I DID get built as I was building out of my pocket,.. and the money continuously flowed out of that pocket and never once ran dry. This is a true story and it's reflects what happens when prayer and hope mingles with an idea and is pursued to achieve such a goal.

    • @genxmurse7019
      @genxmurse7019 6 років тому +12

      That's quite an accomplishment, you ought to post photos of it here. There's a guy in a trailer park adjacent to my neighborhood, that's been building a home, (brick by brick) for the last 6 years. Just recently, he finished the roof and is preparing his driveway for the concrete.

    • @DylanBegazo
      @DylanBegazo 6 років тому +18

      Hi. I’m 23 years old. Still in college. But I’m already picking out the type of concrete and the type of concrete pour and the solar panel system and house design I want. I’m planning now. Just like you though Gonna start building it before I turn 30. Not gonna rely on the bank to give me a 30 year loan. Instead of a trailer though, I’m going to purchase an School Bus for $3000. Renovate it easily on a budget of $15000 and that will be my RV Substitute while my house is being built. Thanks for your story. I am nervous and scared too but I read in the Old Testament that the Israelites didn’t like owing anybody anything. They loved being debt free. Think it was in Proverbs. I want to be the same way. Free. Free man. My wife and I want to scuba dive and motorcycle and travel and stay fit. Hopefully in following in your footsteps we can accomplish the same feat instead of being broke and slaves to the bank. We don’t have kids yet though. I want to wait until the house is almost done. With God’s help because I don’t have the courage without Him. But yea. I’ve got the drainage system figured out. I got the kitchen figured out and the floors and the stair case and everything. I even got the electrical systems figured out too. I’m still nervous though.

    • @vicktory4712
      @vicktory4712 6 років тому +4

      A true inspiration

    • @cavy95
      @cavy95 6 років тому +1

      Catalyst - D B insulate and ventilate that bus, will make sleeping and living more enjoyable.

    • @ghostthesnake1805
      @ghostthesnake1805 6 років тому +2

      Randy Kuhns congratulations
      Looking to build a small place for me too

  • @cadmando18
    @cadmando18 4 роки тому +6

    I am a BIM Manager and have worked in construction for 25 years. I have run coordination meetings for over 10 years on libraries, hospitals and data centers. Let me tell you, building your own home is different, and I'm glad I have watched a lot of these types of videos. I can't wait to start, build and then live in my own home on property my great grandmother owned. This video has been a good overall. Can't wait to see more of them.

  • @jdbjoshua
    @jdbjoshua 5 років тому +14

    I quit building houses after 25 years because of crazy, but I think I'd build one for Dave Ramsey, he's the kind of customer I can get along with

  • @AMindInOverdrive
    @AMindInOverdrive 7 років тому +8

    I'm a construction estimator. Change Orders are big extra costs. The initial project is priced competitively (minimim cost) to beat the price of the other guys. Once the sub-trades are awarded the contracts, they price additional work (changes) based on maximum amount of labor and material required (no risk for the sub-trade). Making changes during the project is expensive

  • @Welcometomyworld4754
    @Welcometomyworld4754 27 днів тому +1

    Nothing more important than a good builder. Not the easiest thing to find though. You need to take your time and talk to a bunch of them before you pick one. Building my first home now, it took a long time to sort through the local builders and pick one, but it was worth the wait. I have the right guy on the job, we work together well as a team, and I am moving in in 3 weeks, ahead of schedule and under budget!!

  • @levilarsen
    @levilarsen 4 роки тому +21

    “Take food, smile, and tell everyone how good they are” great advice

  • @brianadixon8995
    @brianadixon8995 26 днів тому +1

    My grandfather also had pre-ordered all the supplies needed. Then had it delivered when it was needed. He was able to shop around and get sales of supplies. My grandma was even able to vintage shop and get some gorgeous peices that only come from taking time to look for.

  • @OpenBookBuild
    @OpenBookBuild 4 роки тому +20

    Like the video. I've built a couple thousand homes and totally agree with the idea of the schedule and budget being massively important. I would also suggest getting as much education as possible about the building process to hold your builder accountable...some are good and some not so good. Stay involved. Hire an inspector or architect to check things out just before drywall. I agree with Dave here in that so many people hire a builder and then they show up every day to check things out. If you can't find a builder you trust and you have the time, build it yourself as an owner builder. You'll put the time in but you'll also save the money.

  • @jasonJones-ks5co
    @jasonJones-ks5co 6 років тому +8

    Dave you nailed it on this one. Those of you that are or are planning on building a house please watch this video at least 10 times.

  • @davep2945
    @davep2945 4 роки тому +3

    This is an old thread but while many of you say Dave is annoying, when it comes to building a house he is pretty much spot on. If you know what you want and stick to the plan then you won't have many, if any, problems with the process. I've remodeled two homes on my own, designed complete homes for two friends and designed/helped remodel roughly a dozen other projects and the hardest part is getting people who really don't have a vision to understand that they really do need to see everything as it will be finished in their minds before ever starting. Sure, if you have millions of dollars and plenty of time you can go along and revise everything as you finally see it in the flesh and either like or dislike it. However, most of us don't have those unlimited resources. I asked my friends when designing their homes what sort of faucet they wanted. Why do I need to know that now, they asked. Well, because you wanted a certain type of pre-fab counter top and there are single hole, twin hole and even three hole faucets with different center spreads on the faucets. So you have to match the counter you order to the physical specs of the faucet you desire. Oh, we didn't think of that. Right, and that's the simple stuff but if you've never considered it before then it comes as a surprise that even seemingly simple choices have hidden considerations.

  • @kendalcabrera4376
    @kendalcabrera4376 4 роки тому +5

    Everything here is spot on. As a person who produces detailed blueprint drawings for builders on large scale buildings (hospitals, corporate hq, etc.) knowing what you want, not changing anything, and allowing us to stick to our written schedule makes everyone’s life working in the project much easier. If you don’t, you’ll end up still getting blueprints produced far after you expected it to be built and way be over budget.

    • @DrgnTmrSirGawain
      @DrgnTmrSirGawain 2 роки тому

      and the key "knowing what you want" comes from hiring an architect!

  • @joshuapirolo6263
    @joshuapirolo6263 4 роки тому +4

    This is my first time coming across your videos, and in one throw away sentence, you've changed my life. I don't know if its your catch phrase, or if you heard it somewhere and liked it, but "Begin with the end in mind." is the most simple and most prolific sentence I've come across. Thank you.

  • @zone4garlicfarm
    @zone4garlicfarm 3 роки тому +3

    I've been a painting contractor for over 20 years. Disorganized general contractors who can't stay on schedule is why I stopped working on new houses. There have been too many times I showed up when scheduled to find that the project was weeks behind schedule and I wasn't informed. Now I work directly for homeowners specializing in exterior repaints. I make my own schedule and I don't get to blame anyone else if I fall behind.

  • @Chocolate.barbie444
    @Chocolate.barbie444 6 років тому +946

    I feel like dave is my dad talking to me... ok dad

  • @PhantomSavage
    @PhantomSavage Рік тому +1

    I'm happy to say that even though I didn't pick out the exact materials ahead of time I never had to change anything, but I do wish I had made the builder adhere to a schedule, but in my case I'm not sure it actually would have helped much.
    My project was one born out of no longer having the income to sustain the rental property we were living on due to the passing of the main breadwinner of the family, one of the very earliest casualties of Covid in Feburary of 2020. Used the small life insurance and big chunk of my inheritance to have a 550ft efficiency apartment built on the land of the house I was now living with my grandmother, which was only a 2 bedroom home built in the 40's which now three people were living in...
    Because of the timing of the construction, however, schedules were completely out of the window because of availability of parts and materials. I had to wait 4 to 6 months just for glass because it was literally impossible to get in my area due to the pandemic and the amount of construction and window replacements that were already underway in my area. My builder, at the time of building my little house, was also working 14 other projects at once, and he's a damn good builder but he was in incredible high demand, which meant we got put on the back burned a bunch of times in addition to the issue of material availability.
    Material shortage was so bad I was having to wait a significant amount of time on amazon for even just normal door handles and basic stuff like that, not to mention the lumber was not only in extremely short supply at the time but a single pylon of lumber was up 3x the price of what it would have normally been in other circumstances.
    It took a year and a half to two years to have it built, inspected, and moved in on a project that probably should have been done in 6 to 8 months.
    It was a nightmare, but I'm glad I'm here..

  • @kbcinmedusn
    @kbcinmedusn 7 років тому +585

    The schedule is very important. If you don't have a schedule, the workers will milk the job.

    • @toddkennedy449
      @toddkennedy449 6 років тому +64

      The contractor won’t milk a job. As a contractor I can tell you that time is money. The longer it takes the more money a contractor loses. Cracking a whip on a home builder is ridiculous and very immature and counter-productive

    • @brnt034
      @brnt034 6 років тому +32

      @@toddkennedy449 Just make sure your boss, the homeowner, is kept 100% informed and communication is constant and ongoing. Then you won't have to worry about that cracked whip!

    • @1stzard
      @1stzard 5 років тому +9

      @@toddkennedy449 Time and material or cost plus you have to watch the job and try not to change too much stuff and just let them know what you want when the time comes. be the boss if your owner builder. If not like brnt034 said, communication is key.

    • @kreteman777
      @kreteman777 5 років тому +6

      Really? Are you paying them hourly? Just stop.

    • @vze21gwa
      @vze21gwa 5 років тому +2

      You'd be surprised how many people forget to take this into consideration.

  • @erikhopkins9488
    @erikhopkins9488 4 роки тому +1

    Excellent advice [manage it like a project]
    Blueprint [Design]
    Schedule [pace of work]
    Budget [paying for work]
    Meeting each week to monitor progress.

  • @frankish5314
    @frankish5314 5 років тому +7

    Doubled the size of our house back in 2001. The only contractor I hired was to pour the concrete for the foundations.. We did everything else ourselves from framing to finish carpentry. Cost us $40k to go from 650 to 1400 sqft on 5.5 acres of land..:)

  • @richardbourestontn
    @richardbourestontn 6 років тому +149

    Don't pay your contractor until you get conditional and unconditional lien releases. And make sure your contractor doesn't touch your site until the land loan has recorded.

    • @richardbourestontn
      @richardbourestontn 6 років тому +21

      The short answer is: It means that you always have to protect your property against liens, whether for your own protection or to protect your lender - so they can stay first.
      The shorter answer is: It's too long to explain with clarity in a comment. You'll have to look it up.

  • @bt1959
    @bt1959 7 років тому +18

    I'm showing this to all my clients from now on. I am doing specs for EXACTLY these reasons

  • @jordansoucy
    @jordansoucy 6 місяців тому +1

    The piece about change orders is very true. They are hard on everybody. It’s especially hard on morale if it means having to undo work that’s well done.

  • @shaverlocal
    @shaverlocal 7 років тому +277

    As a former contractor, my two favorite words- change order

    • @robmadiyan2716
      @robmadiyan2716 6 років тому +2

      shaverlocal olo

    • @jasonJones-ks5co
      @jasonJones-ks5co 6 років тому

      Ditto.

    • @fortuzikedmd
      @fortuzikedmd 6 років тому +2

      The sweetest words in the world !

    • @CesarLopez-iw3wm
      @CesarLopez-iw3wm 6 років тому +17

      Well, Those words can be a nightmare. Positive Change orders depend on what it is and if it’s going to extend your dead line because of some stupid undeceive decisions therefore not making the profit you should due to time extension and Even if you charge more the scheduled time may be a affected and not worth the money or the headaches.

    • @theguyinthehelmet1875
      @theguyinthehelmet1875 5 років тому

      @@CesarLopez-iw3wm I agree about the nightmare part...

  • @tomsiravo
    @tomsiravo 4 роки тому +7

    If you are building now in 2020 be cautious as supplies are limited. Lumber prices are increasing as well as other supplies which means if you are working with a builder they can increase your purchase price. Happened to me back in 2006, it's all about timing and the builder contract but definitely legal for them, just know that you have the right to cancel if they try a price increase.

  • @061banyon
    @061banyon 7 місяців тому +1

    Thank you Dave for being like an extra dad with all this great advice! God bless you and your family! 🌟

  • @JoeGarofaloII
    @JoeGarofaloII 4 роки тому +8

    Based on my experience in the building industry, no one building a house does this, but they should! I've had contractors tell me crazy stories about customers they work for and I've witnessed a lot of craziness from both sides too. If you do it this way, should keep everyone, including yourself in line

  • @aidancash1
    @aidancash1 7 років тому +38

    We are building. Supposed to be done next couple weeks. Ours was on our own land. Not a subdivision. Had property a year and a half before we started. My sister worked with my dad for a year coming up with the blue print. She is a draftsman with our builder.
    We didn’t have a detailed scheduled but did have a date it was to be finished. It was on our papers with the bank. We had a one time close. We had everything picked out before the bid went to the bank. So we haven’t had any big change orders. Just a few tiny things that were not anything expensive.
    We had everything picked out in May. Started building in August after our house sold.
    My dad is over there every day. Our builder used a ap called builders trend. We knew what days stuff was going to be done. My dad was a project manager. He always communicated with the contractors.
    It will only have taken six months to build it. Everything has run smooth. Very few issues.
    I would love to see you do a video on construction loans. One time close verses two time close.

    • @breaalbritton1848
      @breaalbritton1848 7 років тому +1

      Christine C hey there! Do you mind telling me what bank you used if you didn’t pay cash?

    • @aidancash1
      @aidancash1 7 років тому +7

      Brea Albritton We used a local credit union in northeast Indiana called three rivers. They were excellent and everything went smooth. We moved into our house last Friday.

    • @breaalbritton1848
      @breaalbritton1848 7 років тому +7

      Christine C that’s so awesome!! Our bank was great during the land purchase but another location handles the construction loans and I’ll just say the process has been less than exciting. Our interest rate went up twice and our appraisal came in lower than expected bc they’re aren’t any good comps in the area. So basically everything has gone out of control and we’re about ready to back out. It’s pretty sad and idk what we will do if we don’t build this house... we’ve put off having kids to get this done and now we feel so defeated 😕

    • @aidancash1
      @aidancash1 7 років тому +7

      Brea Albritton That’s very sad. We paid off our land when we sold our house. So we have 100k in equity. One thing is you dont want to put money into your mortgage that are upgrades that won’t matter. We bought all appliances with cash. We bought all our light fixtures on our own. It was very simple since when we closed on construction we also closed on permanent. Our builder called credit union when it was done and we had closing 2 days later. They updated credit scores and verified income a second time right before it was finished.
      Because we went and picked everything out at the design center before it went to bank we had no suprises. We only ended up owing the builder 29.00.

  • @jeffmeagher7809
    @jeffmeagher7809 4 роки тому +6

    As a builder this is music to my ears. Should be required for all people wanting to build or remodel!

  • @1987Confused
    @1987Confused 6 років тому +22

    I always tell people to remember someday you or your kids are going to want to sell this house and you can change light fixtures and stuff fairly easily in the future but the bones you have to live with for the most part.

  • @Johndoe12145
    @Johndoe12145 Рік тому +2

    I’ve built two of my 4 properties for less than HALF of the market value, this is actually a great way to get things done affordable if your savvy and good at problem solving

  • @Dribbling_monk
    @Dribbling_monk 5 років тому +4

    I'm an apprentice carpenter and I have to say... this is sage advice, but I don't think we've ever had a client that had heard it before.

  • @marthamurray7470
    @marthamurray7470 4 роки тому +1

    I am here looking for some information on how to build your own house and then I stumble on Dave. You have help me understand so much. thank God for sending you along. thank you so much

  • @j.olin-harris9126
    @j.olin-harris9126 5 років тому +6

    This is the first video of yours that I've watched and I absolutely LOVE your non-nonsense way about you! YES!!! THIS is what I've been looking for. Finally. Thank you!

  • @altha-rf1et
    @altha-rf1et 6 років тому +10

    Back in 1980 when I started in 12th grade. I got a job that summer and worked trapping animals most of the year saving $1,000... I brought a camper for $750.00 made it completely off the grid with the rest.. My parents had a farm. They let me put it on it. they had a 120 acre farm. I put it on the far side of it... I was the oldest. My older brother and sister 3 of them was still living in the house.. I lived in the Camper for 5 years.. saved my money paid cash for a double wide mobile home. fixed it up. lived in it for 5 years brought a Farmers Home Administration House for $20,000 did the interior work myself.. still own it and the double wide,

  • @happyfeetacres3397
    @happyfeetacres3397 7 років тому +9

    my house is in progress of building on my own land.. have a good site supervisor that informed you of what is happening or schedule like Dave says here. I’ve a great supervisor and I checked just in case..and change orders very important.. like Dave said.. anything different on site talk to the supervisor not the workers... that’s what I did.. I’ve awesome experience...

  • @kerryfitting6070
    @kerryfitting6070 3 роки тому +4

    I appreciate how straightforward you are. We want to build our own house, but was worried it would be a headache.

    • @DrgnTmrSirGawain
      @DrgnTmrSirGawain 2 роки тому

      It will be a headache. But still the best choice.

  • @bravechicken6251
    @bravechicken6251 4 роки тому +2

    Dave 6:38: ‘’ I don’t enjoy the process, I wanna get it done!” that’s so me.

  • @ncatstate
    @ncatstate 7 років тому +79

    This was a good topic. I don't think Dave has covered this before. Good info!

  • @chip5199
    @chip5199 Рік тому

    This is the best attitude advice to send to my dad, I hope he sees it when I send it

  • @outdoorsnevada4138
    @outdoorsnevada4138 6 років тому +3

    Hard part is looking at the actual costs. We build my grandmas house. Materials cost just under $40,000. However with all the hours we put in....it added over $100,000 worth of $ we would have made at our own jobs. So if you have weekends off and have lots of spare time building isn't bad. But when you personally build your own house then you are committed. You can't stop half way.

  • @notdonaldduck7056
    @notdonaldduck7056 5 років тому +11

    So true what he said about change orders, I'm working on a commercial project and the customer has gone through 3 sets of prints in 3 weeks. I'm at my wit's end lol.

    • @Sexyboricuamejicana
      @Sexyboricuamejicana 5 років тому

      What if we have 2 seperate projects in one huge land one personal one for business purposes.

  • @BusyBeeInspector
    @BusyBeeInspector 6 років тому +155

    You forgot a very important person, a highly qualified home inspector on your team.

    • @ashtonlong1235
      @ashtonlong1235 6 років тому +18

      If you need a home inspector on a custom new house you should be reevaluating taking the lowest builders bid. Now if you are buying an already built new construction spec home by all means get an inspection because many in that market will either cut corners or code minimum things they should not in order to keep their profits high.

    • @1stzard
      @1stzard 5 років тому +1

      agreed

    • @jadenbrijalba1823
      @jadenbrijalba1823 5 місяців тому

      @@ashtonlong1235still wrong

  • @SplashyCannonBall
    @SplashyCannonBall 2 роки тому +3

    Money. That’s what you need. Then it’s all about what you want.

  • @mydcunited
    @mydcunited 4 роки тому +6

    My sister in law has never been told no. She had one house built and them sold it because ppl werent jealous. So she started a second house. Its been 4yrs now and the house still isn't done because she keeps changing things. Poor husband hes going broke cause of her.

  • @boedillard8807
    @boedillard8807 4 роки тому +2

    My big question - I have a rough floor design, I have the switches, outlet, appliances, framing, doors, HVAC, ERV, faucets, tile, cabinets, Breaker box, Roof, flooring, carpeting, interior wall insulation, roof insulation, exterior wall insulation, basement (ICF), every window selected. I have the driveway width and length selected. I know the max price I pay for the land. What I don't have is the slightest idea is how much it will cost to build the house. I looked up a ton of sites that give estimates - unfortunately I have no more idea now then when I started how much the house will cost. Apparently I can estimate it will be between 375,000 to 2,825,000 to build the house. Where do I even start to figure out the cost/budget?

    • @Thatguyujustmet
      @Thatguyujustmet 3 роки тому +1

      You take what you have and bring it to the builders. Ask them their price to build your house.
      And if you don’t mind me asking, how did you go about figuring all of that out? That’s the step I need to be taking at this very moment.

  • @2thankyou4watching
    @2thankyou4watching 5 місяців тому +1

    Can you buy a piece of land then put a 2 car garage on it & then put a cargo container house on it & expandable house?

  • @jamesgroverwindham
    @jamesgroverwindham 5 років тому +2

    I love listening to grumpy old people. It’s the best.

  • @melissakorte7038
    @melissakorte7038 7 років тому +15

    Dreaming of building someday, I will remember this advice.

  • @wd269
    @wd269 3 роки тому +13

    This isn't about "Building Your Own Home" it's about having a GC build your house and how you pick light fixtures.

    • @dylanholmes4239
      @dylanholmes4239 3 роки тому +4

      Ya "Builing Your Own Home" to most people these days is "buying a home thats being built" all they have to do is alter the plans a little and decide paint color

    • @Emily-ij1hf
      @Emily-ij1hf 3 роки тому

      And what’s wrong with that

    • @wd269
      @wd269 3 роки тому +2

      @@Emily-ij1hf Hi....nothing really, if that's what you want....it's just not really "building your own home" -- as is indicated by the title.

    • @Sam-ny9tz
      @Sam-ny9tz 8 місяців тому

      Exactly! My husband works in commercial and residential roofing. We're building our own home. If you know what you're doing, it can be done!

    • @matthew1992ya
      @matthew1992ya 8 місяців тому

      You can't build your on own home unless you have the money to pay for it yourself

  • @KarolQasba
    @KarolQasba 8 місяців тому +294

    What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

  • @davidunderwood4341
    @davidunderwood4341 6 років тому +13

    I must be in a unique situation. I have most of the money to build a 5500 sq ft house. My son and I are doing most of the work. I'm pulling homeowners permits and I'm a licensed builder and electricians. The longer it takes me, the more money I bring in to continue through the project. I'm shooting for 3 years. Once the quick push to get it framed, windows, doors, and roof, (dried in) I don't really care what the time frame is from there. No need for the stress.

    • @fmaz1952
      @fmaz1952 5 років тому +2

      I am uncertain as to what you think your very unique and unrelatable comment brings to 99% of the people reading it.
      We're all happy for you!

    • @davidunderwood4341
      @davidunderwood4341 5 років тому +1

      @@fmaz1952 Ok?

    • @sethada1846
      @sethada1846 5 років тому

      David Underwood that’s just a pitiful hatter! Great work, even if I’m not at all in your same position, it is something to look up to.

  • @johngraham1427
    @johngraham1427 8 місяців тому

    How do you schedule subs ahead of time when they have other projects that may not fit your schedule?

  • @truckingwithtobee
    @truckingwithtobee 5 років тому +3

    Dave, you are awesome!!! We are building now!!!! And paying cash! Would love to talk to you on ur show! We live in a double wide manufactured home for 27 years. Paid off this property in 05 and have been saving money to build our dream home. We will be building about a 3500 square-foot home and we live 45 minutes north of Las Vegas. So it’s gonna cost us about 320 K to build!!! We followed your plan to get here! Thank you♥️

  • @perplexed1597
    @perplexed1597 Рік тому +1

    Currently 19 here. How much in terms of USD do you need to get a project like this rolling?

  • @han7902
    @han7902 4 роки тому +1

    I wished I watched this 10 years ago when I renovate my home. Very good advices.

  • @robertlaird6746
    @robertlaird6746 5 років тому +3

    Get some land. Get a used travel trailer or something cheep to live in on your land so you don't have to pay rent and then start building on the nights and weekends with your own hands. You can learn how to build by watching UA-cam video's. You can draft up your own plans by showing the building department a top view, side view and front view for a simple design if you purchase in the country. In the city, it's much more difficult. You will also have to give them a footing plan. Make sure you talk to the building department before you purchase the land to make sure you can build on that land. They will not let you build on some pieces of land for a variety of reasons. Do this debt free or make payments on the land why'll you live on it and then once it's paid for, then start the building process. If you start the building process and fail to make the land payments, you loose everything. That's why you need to wait till the land is free and clear before you start building. Learn what to do and how to do it in the mean time. That's one way to win in life.

    • @McScott76
      @McScott76 4 роки тому

      And when you're done learning how to be an architect, heavy-equipment operator, mason, framer, electrician, plumber, HVAC installer, roofer, finish carpenter, painter and landscaper off of UA-cam, you can move on to performing your own surgeries. You know... because there's a UA-cam video for that.

  • @UndercoverArchitect
    @UndercoverArchitect 4 місяці тому

    Thanks for the great points about building your own home! All so important!

  • @JoseReyes-nq3iu
    @JoseReyes-nq3iu 4 роки тому

    We are building our home as well. We are subcontracting everything ourselves. 6785 sq ft / $75 sq foot. It’s been a 3 year process. But we have learned so much.

  • @slymike21
    @slymike21 3 роки тому

    Thanks for putting it in plain English, Dave. Thank you.

  • @BiggHoss
    @BiggHoss 7 місяців тому +1

    Get a good building inspector to assure quality

  • @mcjjghijbvgnnnbbbb
    @mcjjghijbvgnnnbbbb 4 роки тому +2

    If possible work with your builder and architect to develop a spec book containing the products you want installed (light fixtures, tables, door types, ect...) This will help avoid change orders and save both headaches and money.

  • @foolishcreations2259
    @foolishcreations2259 7 років тому +4

    I’m looking to build my first house. I’m an apprentice plumber right now so all the plumbing will be done myself. I’m also going to get my HVAC license after so I can save some money on that stuff! Town houses near Toronto are starting at the 400s which is STUPID.

    • @victorzape7671
      @victorzape7671 11 місяців тому

      Did you end up building the house?

    • @foolishcreations2259
      @foolishcreations2259 11 місяців тому

      @@victorzape7671 no it’s much more expensive to build. I bought a house from the late 70s

  • @JoelRSA-USA
    @JoelRSA-USA 5 місяців тому

    It would be really great to do a pt2 of this covering the funding side. I'm a PMP but the funding side (FHA probably) for construction is intense

  • @jayb7675
    @jayb7675 4 роки тому +2

    Get a home inspector for pre-slab, pre-drywall and final walk-thru. Well worth the extra expense.

  • @nathanstuckey4579
    @nathanstuckey4579 4 місяці тому

    How do I find out the zone codes and stuff to get permits

  • @podcastbard
    @podcastbard 7 років тому +30

    I don't like carpets. There are some really nice ceramic tile choices. Ceramic is easier to maintain.

    • @theanachronisticlife8574
      @theanachronisticlife8574 5 років тому +1

      My current house had carpet everywhere, even kitchen and bath, when we moved in. Replaced it with vinyl asap since it’s a low end area and I needed cheap quick diy. Later we refinished hardwood in the living and dining rooms.

  • @JodiBob30
    @JodiBob30 Місяць тому

    Hi Dr. Ramsey. This is a six year old video, pre-Covid. Would you mind doing an updated version of everything you are talking about post Covid. I feel like there are a lot of excuses going on and a lot of inflation going on and I can’t decipher if I’m getting screwed or not. Sorry for my French.

  • @jray4131
    @jray4131 2 роки тому +1

    Failing to plan is planning to fail!
    Great advice Dave.

  • @freemind9721
    @freemind9721 5 років тому +37

    I was expecting a 2 second video.
    “Advice for building a house!”
    Dave:DON’T!

  • @ikeikeforty
    @ikeikeforty 5 років тому +67

    I'm a college student making barely above minimum wage at a part time job. Why am I watching this?

    • @MrFart451
      @MrFart451 5 років тому +24

      You'll be suprised what you'll grow into

    • @michaelweaver9716
      @michaelweaver9716 5 років тому +15

      Preparation.

    • @austintomkewitz7206
      @austintomkewitz7206 5 років тому +6

      Quit college go work in a factory

    • @j6100
      @j6100 4 роки тому +4

      @@austintomkewitz7206 robots are gonna steal yo job

    • @lenak1438
      @lenak1438 4 роки тому +8

      Because anything's possible. The skys the limit. God can make anything happen for u. Shall I continue? 🥰

  • @kevinc.5073
    @kevinc.5073 6 років тому +26

    Realtors rarely do anything during the purchase of a new home from a production builder aside from docusign a contract and get paid.

    • @BlendedBarbieDoll
      @BlendedBarbieDoll 5 років тому

      Kevin C. This is why Dave said have a good realtor/agent. They should be doing more for you than that.

    • @cherokeelaketennessee7895
      @cherokeelaketennessee7895 4 роки тому +1

      Before the recession, 90% of my business was new construction and half of those were custom homes, I promise you it's a lot of work. At the time I was representing the builders and they depend on the agent for all contact with the buyer. Compared to a regular transaction, I did double or more work and we still make the same percentage. My builders still work with me today and the reason why is they know I'm keeping up with everything. Change orders, meetings with buyer and builder, and taking all the calls from the buyer. The average person has no idea what goes on behind the scene, they just think we make too much money and don't do anything. I've been doing this 25 years and I promise you I earn every dime and I take care of my clients.

  • @austinblanchard2756
    @austinblanchard2756 5 років тому +5

    Which of these steps would I need to follow if I'm personally building it without hiring out other construction workers or contractors

  • @warsawdougschneller3271
    @warsawdougschneller3271 2 роки тому

    As a house designer I agree with most of this. I am not an Architect, just a guy with 16 years under my belt. I design to the budget.
    Get good plans and don't make changes during the build.

  • @turquoisestar9308
    @turquoisestar9308 4 роки тому

    Thanks...and wish you could be both right and kind.

  • @ec5338
    @ec5338 5 років тому +16

    Ok first of all I need you to sell all your vehicles and walk to work. then take all your popsicle sticks and we will use those for framing. Next we go to the Home Depot for landscaping wait until the store closes and dig out all the bushes around the store and the mulch

  • @timadams3703
    @timadams3703 3 роки тому +1

    Alpha male right there. This man is speaking straight facts. BBS (Budget, Blueprint, and Schedule). 🔥

  • @jesterjokes31
    @jesterjokes31 Рік тому

    How cool, I have a background in construction, have a small construction company, and just recently got my Realtor license. Definetly gonna take advantage of this. Lol

  • @keekeemyfirstcat8410
    @keekeemyfirstcat8410 6 днів тому

    Do you do building loans?

  • @bravechicken6251
    @bravechicken6251 4 роки тому +3

    Also Dave, any suggestions on building modular homes? You know the type, where there are preset plans and specs (that you can customize) and the builder prefabricate it in a shop and ship it in 2 or 3 modules and assemble them onsite. Thank you.

  • @SwinginSweetHeart
    @SwinginSweetHeart Рік тому

    Haha, love dave ramsey. We started buiding our own house but we plan on taking 5 years to do it. Due to cost, time and othe responsibilities. But we have the house plans, land, we are putting in the well soon. We are slowly designing and make sure it has what we want. Less changes or no changes thats my goal.

  • @theabstractsunflower7
    @theabstractsunflower7 Рік тому

    Lol get you dagum flooring budget back in line. Loved it.
    Thank you for this step by step i appreciate it so much! Im bad at decisions so ill work on that for sure.

  • @whippermctingle
    @whippermctingle 5 років тому +3

    How can you not love this guy? Great job, loved the dag gum thing.

    • @McScott76
      @McScott76 4 роки тому +1

      I actually can barely stand his narcissism and phony aw-shucks "better than I deserve" persona (while simultaneously plastering his face on every product he sells). But on this topic... he gave good advice. So I'll give a thumbs up to the content, but I'll hold off on paying for membership in the fan club.

  • @forever_golfer1981
    @forever_golfer1981 9 місяців тому

    How do you finance a home building project?

  • @ZedZeta
    @ZedZeta 5 років тому +3

    I'm in architecture school and I've been designing my own house and choosing all of my materials (Grade A plywood (maple /or/ pine base) for ceiling walls and flooring, black concrete for the entry flooring (entry similar to an older japanese house but in modern twist). Majority of the structure from 5 shipping containers. Exterior clad in in faux / real cedar shou-sugi-ban paneling with gatoring. flat roof (or) shed roof. engawa wrapping around 180 of the house externally with single hallway to access to 2 large bedrooms, 2.5 baths, separate living room and kitchen / dining space. Stone gabion walls for privacy. Plot of land .30 Acre plot for $15k ~ $67 / mo. I however not experienced in planning for the build itself def. learned a lot from this. Definitely hiring the architect to do the planning and work with everyone when we start late next year. I'm just glad my boyfriend is leaving me to handling it all and he just said yes and no to ideas for 2 .5 years leading to this point XD. Awesome info.

    • @DrgnTmrSirGawain
      @DrgnTmrSirGawain 2 роки тому +1

      from a fellow arch student. congrats! send me the link to the video once it is getting built and also once it is done!

  • @jeffgiangiulio5341
    @jeffgiangiulio5341 5 років тому +9

    Great stuff! Any chance you have an example project plan? Fully aware there are a ton of variables but one that includes milestones and order. Of milestones

  • @joerome8882
    @joerome8882 2 місяці тому

    Question- so for my growing family I want to either buy a house to renovate or build new. Hear me out-- looking at a house used 20 years old for 80 bux a square foot figured after doing updates and adding rooms in basement and other things I figured total 110 a square and I do the work myself or do I build new at 150 a square- also if I buy this used place and do the work myself is it smart to keep the place I’m in and do the renovations and have 2 payments until I finish and move in then do I sell the current place I’m in and make 70k and put back on the used place to lower the bill or do I rent it out after so conflicted Dave any advice thanks bub

  • @michaelmattson3515
    @michaelmattson3515 3 роки тому

    Thanks for your input and your help, thanks 🙏