Dave Ramsey's Guide To Building Your Own Home

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[AnnMitt]

1. Buyer's Realtor
2. Project blueprint
3. Detailed schedule
4. Budget
5. Select the fixtures
6. Stay in your lane
7. Don't drive builder crazy
8. Have a clear path

[Edgarrre]

I’m 16 right now. I’m watching this video to be prepared and to have the knowledge that I need to be able to build my own house. It’s been my dream forever.

[erikhay]

I am general contractor, and everything David said is 100% true. Facts.

[ggslitlife]

My dream is to own land and build my own home I’m glad I have DAVE to give me that dad advice

[yamamancha]

This process Dave described is exactly how our house-building process went. I would add that another piece of paper required is a detailed estimate outlining all parts with serial numbers. This forces you to pick out materials before the project starts and ensures accountability to the budget.

[smokey]

I built my house back in 2000. I did a lot of the work myself. Skipped the contractor and hired subcontractors. I bought and old backhoe to dig a full basement on my 40'x28' two story house. Took me a year to build but only cost $60k for material and labor. The only permits i had to buy was electrical and septic. I built outside the city limits on land I already owned with an old house that i lived in. I sold the old house with 2 acres and recooped most of my money on the new house with it's 8 acres.

[KarolQasba]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[elliottaltman]

I’m a production home builder and used to work in the custom home business. Now looking to build my own house and about to get my residential contracting license. Hearing Dave talk about change orders and how you the homebuyer should conduct yourself was so refreshing. Find a builder you trust, and trust them to handle the process. Starting to go grey at 27 but I’m still loving my career choice in building.

[Chocolate.barbie]

I feel like dave is my dad talking to me... ok dad

[kbcinmedusn]

The schedule is very important. If you don't have a schedule, the workers will milk the job.

[VictorGuerrero-zdby]

I work in the construction industry as an engineer. Dave nails it. All this is good and 100% true. Make up your mind and stick to it. Make selections, keep your single point of contact with the Prime Contractor. Contract documents include the contract itself, drawings, schedule, and budget. On bigger projects than a house you use specifications too, where you have to select everything before you even bid out the work.

Don't be the bottle neck. Great advice.

[banyon]

Thank you Dave for being like an extra dad with all this great advice! God bless you and your family! 🌟

[randykuhns]

I bought a piece of land back in 86 and bought a used trailer and was wowed that we put a hundred dollars down, and then with our refund money and working with a friend on the side paid the 800 dollars to close the deal on the land, this was in March, and we move onto the land in August, ... I borrowed the money for the trailer on a three year loan, we paid cash for the well ($750.00)and septic tank($1250.00) and deposit on the electricity, .. so from March to August we were Blessed with the $2, 400 it TOOK to make the move with NO payments on the well OR septic tank as we could never have afforded that much monthly debt with me being the only one working and at that time was grossing less than $20, 000.00 and with two boys to raise, ..this was such a surprise we decided to pray and ask again to build our own house rather than upgrade later to a better mobile home, .. I began in 1988 with a permit and drew up my own drawings of the house, beginning on paper napkins while sipping coffee with a friend at a small restaurant, I drew the house so many times on paper that I learned HOW to build it ON paper before I even picked up a hammer, ..I had bought an 84 Nissan (bought new IN 84) base pickup at $166.00 a month, a tv at $35.00 a month, $99.00 a month land payment (2and a half acres) electric was 30 to 40 dollars a month yet when we began to build I had saved $4000.00 to buy all the lumber and plywood for a 32x48 house, ..all earnestly earned, .. JUST working at a creosote plant on very meager pay, ... it took me five years to build the house but I never once ran out of money OR supplies to work with, I ALWAYS had MORE money and supplies than I had time to work on the house, And this house was built with absolutely NO corners cut on quality. I saved on the free labor that I provided, We moved in in 93, with the house PAID for and WITH all receipts to prove the material was bought with earnest money, .. and the land was paid for in 96 never having had a mortgage, escrow accounts, or the ghastly 33 year monthly payments that I simply could NOT abide in peace, .. The gist of this is when we began on this property we prayed for help and began to make the attempt and NEVER found ourselves needing, .. we were frightened to even purchase a piece of land, much less find a trailer we could afford to get us on the land, yet with GODS True Blessing, we made it with flying colors, When we began to build, I prayed for success, .. and IF it DIDN'T work out I would simply bury it and quit, but at least, gratefully I wouldn't owe ANYONE for what I DID get built as I was building out of my pocket, .. and the money continuously flowed out of that pocket and never once ran dry. This is a true story and it's reflects what happens when prayer and hope mingles with an idea and is pursued to achieve such a goal.

[PaperBagMedia]

As a paint contractor Dave had me rolling during this segment. So many times people want to change their minds on paint colors AFTER the paint has been painted on the walls. Killing me smalls! Lol

[jeffersonlink]

I have been in construction for over 25 years and have never seen a house stay on schedule. Coupled with the labor shortage i know it is worse yet. The one variable that was not present in all of my experience was the "developer"; this case given is Dave, was conducting assessment meetings every Friday with cash in hand. Theres the incentive to keep things on schedule.

[OpenBookBuild]

Like the video. I've built a couple thousand homes and totally agree with the idea of the schedule and budget being massively important. I would also suggest getting as much education as possible about the building process to hold your builder accountable...some are good and some not so good. Stay involved. Hire an inspector or architect to check things out just before drywall. I agree with Dave here in that so many people hire a builder and then they show up every day to check things out. If you can't find a builder you trust and you have the time, build it yourself as an owner builder. You'll put the time in but you'll also save the money.

[SherryEllesson]

Dave, I'm watching this is August of 2020 and can tell you that I actually walked away from what would have been a good project (I built upscale, one-off custom homes that were well above code). The job I refused, after meeting twice with the prospective owners, involved a husband and wife who couldn't agree on anything. I'm a flexible designer, and normally I could find creative solutions to accommodate what seemed like disparate ideas; but these two were actually sabotaging each other, calling me individually and "instructing" me as to how to change the basic concepts their spouses had insisted on during our in-person meetings. I was not only ready to take on all the permitting and subcontracting work but was saving them tens of thousands in architects' fees. Please encourage your listeners to be sure they're on the same page with their spouse before they even think about having a house built.

[cadmando]

I am a BIM Manager and have worked in construction for 25 years. I have run coordination meetings for over 10 years on libraries, hospitals and data centers. Let me tell you, building your own home is different, and I'm glad I have watched a lot of these types of videos. I can't wait to start, build and then live in my own home on property my great grandmother owned. This video has been a good overall. Can't wait to see more of them.

[jdbjoshua]

I quit building houses after 25 years because of crazy, but I think I'd build one for Dave Ramsey, he's the kind of customer I can get along with

[AMindInOverdrive]

I'm a construction estimator. Change Orders are big extra costs. The initial project is priced competitively (minimim cost) to beat the price of the other guys. Once the sub-trades are awarded the contracts, they price additional work (changes) based on maximum amount of labor and material required (no risk for the sub-trade). Making changes during the project is expensive