Save 100K Or More When You Build Your Dream House
Buy your land at a County tax auction
I should say right up front that I actually did better than that. I bought seven acres of land and was able to divide it into two parcels. I sold the three acre parcel for more than I paid for the seven acres. Later, while I was writing this book, I learned about County tax sale/auctions, and I bought a couple of parcels just so I could understand the process and then include this interesting topic in my book. See chapter 2.
Live on your property while you build
My wife, myself and our two daughters lived comfortably in this mobile home while we built our house and paid no rent. As you can see, it has two bedrooms, two bathrooms, a nice kitchen and the pop‐out for extra living room space. I paid $3,000 and when we moved into our new home I sold it for $5,500. See chapter 6 for more information.
Design you house around the materials you collect
I bought this complete kitchen at the end of a home show at a huge discount, then we designed the room around the kitchen, this turned out to be a brilliant idea and saved us tons of money. Lots more ways to save like this in chapter 4.
Keep the Design Simple
If you don’t have a lot of money then obviously you will need your house to be a reasonable size. I designed the house pictured here using a simple software program which sells for around $100, it has three bedrooms and two bathrooms. This house is about 1600 square feet. The software program also generates a list of the materials. At 2019 prices here in California the cost of materials to build this house is under $50,000. More information on the software and other things to consider in chapter 5
Do some of the work yourself
This is the biggest money saver of all. I had taken a few classes and learned some basics, but then I was lucky enough to hire John who was a family friend and semi‐retired, fortunately for me, he had a little experience also. Between us, we did about 90% of the work. I was able to get the building permit as an Owner‐Builder. Building my own house was one of the most rewarding experiences of my life.