Find Serious Savings With Sweat Equity
Building a custom home gives you flexibility to create a home that is perfectly tailored to your lifestyle and preferences. But your house is more than just a home. It is a long-term asset that can matriculate more value in equity. And the sooner you built equity, the sooner your investment can yield more financial options. Increasing your equity can involve a hefty down payment or making extra payments towards your principal. Should you wish to build equity further, you can build sweat equity into your custom home.
The majority of the process of building a custom home requires skilled professionals. But, if you have the time and some skill, there are a few tasks that you can do yourself to build sweat equity. If you can invest the time to manage certain projects or do some homebuilding tasks yourself, you can build equity before your custom home is complete. However, keep in mind that if you cannot keep on schedule while you participate in the homebuilding process, you may cause delays that will increase the overall cost of your home. So, if you do decide to tackle sweat equity tasks, you should treat it like a real job by committing the time and planning properly.
What Sweat Equity Tasks Can I do?
Prepare Your Site
Before you even start to build on your lot you can begin to build sweat equity. You can start by clearing your land and putting in a temporary driveway that can support large construction vehicles coming in and out of your property. In about one weekend you should be able to rent the necessary equipment, grade the soil, and install a gravel driveway. The construction crew will also need access to utilities. If your site doesn’t already have them, you can set up temporary water and electricity until the final hookups are installed.
Minor Construction Tasks
There’s no need to swing a hammer with the crew everyday. You can build sweat equity with minor tasks that require minimal tools and experience. One of the most common tasks for homeowners to take on is painting the interior of their home. But beyond painting you can also install your garage door opener, handrails, shower rods, towel bars, bathroom mirrors, closet and garage shelving, closet clothing rods, mailbox, house numbers, and more. These quick and easy tasks can add up to significant sweat equity. If you wish to take on a larger task, building your own deck can often be done without hindering interior house construction. Just keep in mind, as you take on these tasks to keep on schedule with your site superintendent in order to avoid any delays that will cost you money during your home build.
After you home is built you can continue to build sweat equity in your home by taking on the task of construction clean up. Construction debris will need to be removed from your home site during your home’s construction, and after construction is complete. You can also build sweat equity by tackling the exterior features of your home. You can build walkways, install exterior lighting, and put in your own landscaping, further customizing your home while building significant sweat equity.
Putnam Builders can work with you if you want to build sweat equity during the build of your custom home. But not everyone has the time or desire to invest sweat equity. Which is why we offer a turn-key custom home program that doesn’t involve the hassle of participation. Whichever approach you prefer, Putnam Builders is here to help you build on your lot.
Putnam Builders has been building custom homes on the Gulf Coast of Texas and surrounding areas since 1963. We would love the opportunity to discuss your custom home ideas in our design studio in Kemah, TX or in the comfort of your own home. Please contact us at 281-339-0838 or request a free consultation.