The Secret Costs of Choosing Blueprints for Your New HomeWhen building a new custom home, either as an owner builder or with a general contractor, you'll need to decide on the right home plans. Do you buy stock blueprints or have them custom designed? Choosing incorrectly can lead to unforeseen construction costs that will blow your budget.
Four Email Marketing Tips: Turn Your Tire Kickers Into Eager BuyersWhether you're selling owner builder construction loans, collectible stamps, or a lawn care service, you can generate very large numbers of prospects through email marketing. But, you have to do it correctly. Even though you are marketing through email, you still need to build a relationship with your prospect in order to get the sale.
How Owner Builders Should Find Land to Build On - The Right WayAre you considering building a new home? You'll need to find the right piece of land. But, you probably don't buy land every day. Whether you're hiring a builder, or being an owner builder, finding land is the first step of what may be the biggest purchase of your life. There are many things to consider, and doing it incorrectly will spell disaster for your future home.
Marketing Diction: Pyschological Triggers from Your Word ChoiceGood sales copy has psychological triggers that influence customers to respond in a certain way. One main type of trigger is your copy's diction, or choice of words. The specific words you use in your sales copy have a major impact on your marketing success rate - and your income. Here is a list of specific terms and concepts that every marketer should understand when writing sales copy.
The Truth About Owner Builder Loan Closing CostsAfter owner builders work their way through the maze of loan qualifying, it will be time to close on the loan. This is essentially where you sign a huge stack of documents that you will never read, nor understand if you try. Basically, this is where the owner builder loan promises to give you the money, and you promise to repay it. Sounds simple, but it takes a hundred pages to accomplish it.
Owner Builder Construction Loans: The Three ImperativesOwner Builder construction is a great way to build instant equity into your new home by eliminating the costs of a general contractor. However, owner builder construction loans can be complicated and difficult to find. Here are the three owner builder loan features that you absolutely must have to be a successful owner builder.
What Makes You Different? Hone Your Unique Selling Proposition (USP) or PerishMy office works in a very crowded industry. However, we make a lot of money, because we have found a better way to market our services. We stand out from our competitors thanks to our Unique Selling Proposition (USP) within our industry. Without a strong USP, your business will not succeed.
What You Need to Know About How Construction Loans Really WorkA construction loan has some similarities to a regular purchase or refinance mortgage. You will still be judged on your income, credit, savings and monthly debts. However, with a construction-to-permanent loan, there are a additional factors that lenders consider - you need to know them if you want to build a new home.
An Almost Free Way to Generate New Business - A Creative Twist on the Joint VentureAlmost any marketer already knows how a joint venture basically works. However, very few people apply it properly to their business. If you do it creatively, you will build a strong list of new leads. Best of all, it will cost you next to nothing.
Building a Home? You'll Need to Know Your Insurance RequirementsWhen building a new home, you will need insurance to protect yourself while the home is under construction. If you're hiring a general contractor, he should have insurance in place to cover the bulk of the requirements. However, if you are going to be an owner builder and oversee the construction yourself, you will need to get your own insurance coverage to protect the home and yourself.
Ten Common Mistakes to Avoid with Your CreditHow many of these ten common credit mistakes do you make? How many of them are currently keeping your credit score lower than it should be? Knowing the answers to these questions could boost your credit score and provide opportunities for better financing terms.
Will Email Marketing Campaigns Work for You?Most business owners or entrepreneurs will probably tell you that email simply won't work as a marketing tool. And, I must admit that if you are using email campaigns incorrectly, it will be a large waste of time and effort. But, if used correctly email marketing is a highly effective and cost-efficient way to generate new leads as well as stay in contact with previous customers.
Nine Key Credit Factors that Could be Damaging Your Credit Score Right NowDo you know the main credit factors that affect your FICO credit score? If you don't know these nine key factors, you could be unintentionally damaging your credit score and chances at better financing terms.
Today's Credit Scoring Basics and the Effects on Construction FinancingAt one time, not too long ago, there was no such thing as a numeric credit score. Your credit report either showed that you paid on time or you didn't, and that was that. But, times have changed. Today, it's more vital than ever to understand the basics of the FICO credit scoring system and how it will affect your qualifications for construction financing.
The Construction Loan Timeline and the Number One Mistake Most People MakeThe number one mistake, hands down, that people make when building a new home is not allowing enough time to get through the process. Building a custom home, and obtaining a loan to do so, is not as simple as getting a mortgage to buy an existing home. You CANNOT do it all in 30 days. So, before you sign a contract to buy a piece of land, take a moment to learn how to avoid potential disaster.
The Construction Appraisal - What You Need to Know Before Your Loan Gets DeniedIf you are building a new home, the appraisal is just as important to your construction loan qualification as your income or credit scores - maybe even more important. If you don't understand the appraisal process for a construction loan, you run the very real risk of wasting a lot of time and money.
The Ultimate DIY Project: Owner Builder ConstructionIf you enjoy working around the home and doing various DIY projects, then maybe you're ready for the Holy Grail of DIY - building your own home as an owner-builder. By eliminating the costs of a general contractor's overhead, you will save tens of thousands of dollars on your next home. And it's not as labor intensive as you might think.
Who Are the People Involved in Your Construction Loan Process?Whether you are going to be an Owner Builder or hire a General Contractor, there are several people that will be involved with your loan process in addition to the loan officer with whom you choose to work. Knowing the roles of each of these people will make your loan process flow smoothly and quickly.
Are You Pre-Qualified or Pre-Approved? Knowing the Difference Can Save You a Lot of Time and MoneyNearly everyone who has wanted to buy or build a home has been told that they need to obtain a 'pre-qualification' or a 'pre-approval' before making an offer on a property. The problem is that these terms are used interchangeably. This is a big mistake, and understanding the difference could save you a lot of time and money.
Shopping for an Owner Builder Construction Loan: The Features You Need to Look For Before BuildingIt is hard to find construction financing when you want to build your own home as an owner-builder. When looking for the loan that is right for your scenario, make sure you see the big picture and look for the right features in your loan. Otherwise, suffer the consequences.
What is an Owner-Builder, Really?You've probably already heard the term owner-builder if you've been involved in residential construction in any way. But, there is a lot of misinformation out there about owner-builders. Before deciding if it's right for you, step back a moment and get a firm grasp of what an owner-builder really does.
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