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Forum topic by pete57 posted 01-13-2013 11:10 PM 938 views 0 times favorited 0 replies Add to Favorites Watch
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01-13-2013 11:10 PM

Topic tags/keywords: shop construction loans

Hi all,
I stopped by the Penn Dutch Structures (here in Shrewsbury, PA) yesterday to start the process of designing a dream workshop. Same dream shop but getting closer to reality. The real reality is money and what I can build and work in with-in my means. I have to accomplish several things. Any advise on how to get this building cheaper due to what you have learned through trials and tribulations will be much appreciated. What sucks is that I have built and help build some pretty nice shops in my life for all different things but never tried to build one on my own for me as a home owner.

I have to build the floor. Concrete vs Wood, I chose wood because wood sits up and I can heat that space to 50 degrees in the winter with a couple of those radiator $35.oo and I can put joist closer together in one area and plywood twice with 3/4 tongue and groove to hold up most lawn equipment and a car if needed. Basically I can do the work. I will have to hire out doing the block work but I can dig and pour the footings.

I can do all the plumbing, electrical, duct work on the heat ac and just have a licensed pro hook up the unit and outdoor condenser.

I am waiting on a quote price for the building from the design people. It is a barn type structure 32 X 44. Upstairs has 5 dormers with 2-10, pre-hung 9 over 12 windows and an egress window in one end and a door in the other. The First floor has 10 ft. ceilings and a door with a sight glass over the top, a double door out the back and medium garage door, and 5 more windows.

I plan to Sheetrock the upstairs with a full bath and a half bath and couple mop sinks on the first level with 3/8 T1-11 on most of the walls. I have to price out some of the labor for finishing the rock. I plan to do all the painting, woodwork, trim, and flooring, cabinet building, and anything else that comes up.

Now here is the question: Do I need to see bank and get this as a separate loan as my house? Do I need to get a Equity loan? what do all of you think? Keep in mind that all materials have to be included on the loan and this building might get a tad smaller but not much and may lose a couple dormers but will basically stay the same. The upstairs will be designed as a Mother-in-Law Suite and upholstery/sewing area. I plan to have the first floor (above basement) come across my deck to the upstairs of the new building.

Any tips are welcome and I plan to tie into my sewer and water from my house. Electric will be a new 200 amp service. Thanks

-- Humble Wood Servant

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