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Belmont Resident · 09-10-2010, 04:43 AM

You are mistaken. It might not be the norm but it does happen. Laconia Savings bank is backing a new home construction that I’ve been contracted to paint and the homeowner is overseeing the whole project.
Unless you have the time and resources and have ALL of your contractors lined up its a big mistake. This house has been under construction for over a year.
Many costly mistakes have been made which have driven the cost up significantly.

I doubt many contractors would be willing to do this even with unlimited financing.
In a situation like this the only thing the homeowner is really entitled to is the value of the property when the sale is complete. A builder would be crazy to put up all the money to complete a project like this then split the profits. That is if that’s what the plan is.

09-10-2010, 04:43 AM	#1
Belmont Resident Senior Member Join Date: Apr 2004 Location: Belmont NH but prefer Jackman Maine Posts: 1,857 Thanks: 491 Thanked 410 Times in 251 Posts	jmen24 You are mistaken. It might not be the norm but it does happen. Laconia Savings bank is backing a new home construction that I’ve been contracted to paint and the homeowner is overseeing the whole project. Unless you have the time and resources and have ALL of your contractors lined up its a big mistake. This house has been under construction for over a year. Many costly mistakes have been made which have driven the cost up significantly. I doubt many contractors would be willing to do this even with unlimited financing. In a situation like this the only thing the homeowner is really entitled to is the value of the property when the sale is complete. A builder would be crazy to put up all the money to complete a project like this then split the profits. That is if that’s what the plan is.