Home Building Mistakes You’ll Miss

[@EarlBalentine]

I once got a construction loan to build a vacation home. I made sure there was funds available to make my 1st 6 months of loan payments starting after the 1st draw of funds for the foundation. We had a shell built along with rough plumbing and electrical. We installed our own insulation, dry wall, wood walls, fixture. But if I was to do it all over again I would get 3 bids from local contractors and weigh the cost against me buying the materials. I found contractor that were cheaper supplying the materials and labor cheaper than me buying only the materials.

[@BendyChoy]

Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.

[@georgeearling905]

Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times, while orders tend to avoid them. Well, at least my advisor does too.

[@ClayneBanks]

No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

[@christopherherbert2407]

I don’t think i need a finance advisor. I can manage my own finances and investments. I don’t want to pay someone to tell me what to do with my hard earned cash.

[@sebastiaanthijn7982]

I used to think like you. I thought I knew enough about finance and investing to handle everything myself but then I realize that I was spending too much money and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and give me peace of mind.

[@ClayneBanks]

Most people miss it but the secret to retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.

[@xephael3485]

Glad you mentioned it may take slightly longer to build a house.. you definitely don't want a contractor that'll pound out a job just to complete it and skimp on quality.

[@TheRealWayneTurner]

Very true.

[@mrlarry999]

I’m surprised at how many people remodel kitchens, and never install lights under the cabinets. Between the electrician and materials, it’s probably $300-400 tops.

[@heminole4life849]

From one Turner to another. You do a great job of explaining things.

[@TheRealWayneTurner]

Thank you!

[@kaleidoscope8743]

​@@TheRealWayneTurner I agree. I understood everything you said. So well that now I want to build my own home. You make it seem very doable if you just know what to do.

[@Ricky-Darts]

Wayne, You better use blue tile roofs. :)

[@KidCity1985]

I believe that is a coming market

[@Ricky-Darts]

@@KidCity1985 unfortunately so do I. :(

[@KidCity1985]

@@Ricky-Darts I looked at paint yesterday but I don't know anything about it. I wonder if Sherwin Williams does.

[@Ricky-Darts]

@@KidCity1985 My son is a manager there. I am not sure if the properties of paint will stop dews but it may be a good idea to look into. I saw a video from China and they were rolling a blue tarp over thier roofs to protect their homes. I will ask my boy.

[@KidCity1985]

@@Ricky-Darts let me know if he has heard anything.

[@derekhanson2151]

Going out a window instead of using the door thats right next to it, I like your style. It definetly seems like something I would do LOL

[@anthonytyson1708]

Wayne, I appreciate the clear and concise straightforward talk. 👍🏾 Thanks

[@gerdberg4188]

As a career electrician , I agree , most plans and people do not plan for enough outlets . Also lighting , you can always turn some off , but , if there are not enough to start with……………

[@steveh1460]

A lot of 💎💎💎's in here! Thanks

[@TheRealWayneTurner]

Thank you. More to come.

[@bjkjoseph]

The first house I bought was in a flood zone, and I didn’t even know it, but I found out real real quick

[@Jakerd-tj7cl]

Thanks again Mr. Tunner awesome teacher. 👍👍👍

[@BartonThom]

Wayne--this is an excellent video--and to me the builder seemed top of the line--I really liked the features in this house!

[@TheRealWayneTurner]

Yep, great floor plan too.

[@CitizenJohnnyRico]

Wayne, could you do a video on a new build of a stone and brick house sometime?

[@michaellautermilch9185]

I agree that you shouldnt nitpick your contractor's work, but you also shouldnt wait for the 6 month conpletion date to bring up timing concerns. If in your example you think people should he working but you dont see amyone out there, its totally fair to ask about that. Stay on top of the timing. I'd recommend not asking constantly, but asking for weekly or bi-weekly schedule updates.

[@larrylucas5731]

Nice home. Just wish I could afford something like that. As always , thank you!

[@amiribrahim7091]

Thanks for the golden advices sir

[@Bryan-yq9pz]

Thanks Wayne, solid tips.

[@TheRealWayneTurner]

You bet

[@xa3558]

Thank you

[@tgould1966]

I know someone in Kansas who built a home in a flood zone. It has more to do with the water table than how close they are to water

[@khronosbest9448]

Appreciate all the wisdom Wayne , Thank You !

[@scottmurphys]

Very very informative, may be your best one yet (at least for me). Hoping to be in a position to buy or build a home next year, so looking forward to any and all info you can share. ~Scott

[@TT-co3gj]

Fun and Exciting. Ohh please

[@fernanaceved9023]

Beautiful house, amazing! I got a question, having a land first with the intention to build, should I buy the land in my name or as a living trust? Thanks for your help

[@bingo7799]

Excellent advice.

[@joenguyen4092]

Excellent tips 👍👍👍

[@birdnestfarms]

Awesome information. Much appreciated

[@legacyonloc6239]

Fantastic 🎉

[@Jacblack69]

Do to hi instrest rates isn't it better to build a container home than a conventional home? And will the apr ever come back down?

[@mariovega2353]

What is the best floor plan for 1700sf house with garage for 2 cars and front and back cover porch?

[@CLR13]

Does the bank loan the money based on the construction cost or the the value once completed? If I'm building a home as my own contractor, I did the work, therefore would want the loan based off the construction cost only.

[@lawrencelanghorne1793]

Hey Wayne I have been working on property fixing and remodeling for little over 16 years and Iam in a position to buy land and build my own house my question to you is what if I want to build my house no mortgage sub work threw my company is that possible

[@TheRealWayneTurner]

You mean have your company pay the subs to do the work?

[@Antonia.h896]

I actually hate split bedrooms. And I can’t stand the kitchen practically in the living room. That might be a great selling point for someone but not me. Huge fan of everything else though.

[@matthewronsson]

Yeah, those couples with or soon to have small children may want the kids BRs closer, but in the overall scheme of things, I'm confident that Wayne is correct. One size does not fit all, but this probably fits most.

[@ThatOnePizzaMan]

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[@nikkibeck3918]

I'm hoping to sell my house to buy land & build a community.