bruce Fine wrote:I have a very good friend who has just begun a business building tiny houses that I'm pretty sure are well planned and well built and much less than $150,000. he also has in the works a tiny house community in north central florida. I'll suggest to greg that he share what he is doing on this web site . what he is doing is very interesting and a great thing for people wanting a tiny house and a place where it can be situated.
John C Daley wrote:I have been a builder in Australia, generally with smaller one man shows if the builder asks for no upfront money he has cash behind him.
I ask for no deposit, but I ask for materials to be paid for by the customer as they are delivered, then I am never out of pocket for large invoices and the customer has the materials.
I submit weekly invoices on Friday and ask for payment by the next Monday or negotiate around that style of payment.
The subbies get paid within the terms they offer the customer.
Sometimes on bigger jobs, after materials payments are made at specific stages;
- foundation completed
- frame completed
- walls extertior complete
That sort of thing.
Its worked well for my jobs.
Cole Tyler wrote:I don't know your circumstances and house plans, so I apologize if some of my thoughts about your $150,000 price tag are off-course :)
That seems very expensive to me for a tiny house, but everyone has their own definition of what that means to them! Any way you could manage to cut that cost in at least 1/2, that way following the terms with a builder don't seem so daunting and you will be able to keep a large chunk of your cash on hand in case something doesn't go as planned, instead of going all in?
Maybe design the house for a future add-on if you desire (like one side flat and simple...think half of a double-wide), once you actually go through a first building process and cost. You might find out that you can make due just fine with less "house" and more $ in your wallet for property improvements, tools, etc etc etc??
The whole point being, if your house cost 50-75k or so, it would feel much more acceptable to put $ up front to get the project rolling, where an amount 3x that is clearly stalling you because it's scary!! I dunno, just a suggestion, because I think most builders and skilled tradesmen are going to be very costly these days to create someone else's wildest dreams for them...so maybe a more mediocre dream for the time being could suffice and you'll learn enough through the process to do your addition down the road more on your own labor and skills to save $.
Again, please just take that as my opinion, which may or may not be valid...hope it all works out!!
Anne Miller wrote:If I wanted a tiny house built, I would find the nearest tiny house builder. You know, someone already building and selling tiny homes.
I would look at their reputation and if they are a member of the Better Business Bureau.
Do they offer financing, to me that means that someone else is willing to lend them money so they can lend you money, whether you want financing or not.
I would show them my plans for a tiny home and get them to give me an estimate.
I might even look for several tiny house builders to give me an estimate. I have always liked the number three, so I would get three estimates.
I have heard too many stories of people getting burned when hiring someone to do something for them.
It will be interesting to hear how others would attempt this build.