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Home Improvement, Design, and Decorating
Reply to "do architects generally dislike renovations using construction loans?"
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[quote=Anonymous]You should not write one big check under any circumstances. Using a construction loan adds a degree of difficulty and generally you cannot use the loan to pay for architects' services, since you need the plans to have the home appraised and you likely want to be pretty close to filing for permits when you start the lock on the loan. We used construction financing and a design/build firm. I thought the financing helped establish a reasonable draw schedule. There were pluses and minuses but on the whole it worked well for us.[/quote]
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