In the past year and a half or so, we have seen a definite change in the market. I have noticed that the lending institutions have become very skittish about loaning to Owner/Builders. Most are not loaning unless there is a General Contractor involved. This defeats the purpose for most owner/builders because they wanted to build their home themselves and not use a General Contractor.
In years past we were always building for owner/builders and there was no problem borrowing the money. The banks now want to have a general contractor on the project before loaning the money and the General Contractor has to be on the approved list of contractors for that institution.
We are offering our services to Owner/Builders so they can get the financing. We still do the dried-in shell and even the wiring, plumbing, insulation and sheetrock if necessary but the Owner/builder takes care of the rest with our help selecting subcontractors and products. We are on board to satisfy the bank and keep everything on schedule. We will be recommending sub-contractors to do the work that you can't do or don't have the time to do. Most importantly, we will be helping you with the paperwork which can be daunting if you have never done it before.
Promise only what you can deliver. Then deliver more than you promise. ~Author Unknown