An owner builder is a homeowner that is acting as his/her own general contractor rather than hiring a licensed general contractor. Owner builders manage the building schedule and take on all the responsibility and liability that would normally fall on the general contractor. The owner builder would be responsible for ordering materials, scheduling and supervising any subcontractors or laborers completing construction work for the project. Additional responsibilities include (but are not limited to): inspecting quality of work performed, ensuring safety on construction site, applying for permits needed, and securing the property.
Not at Del Mar Financial & Investments, L.L.C. If you have the proper experience, hiring a Contractor or having a Contractor’s License is not required to get a construction loan from Del Mar. In most cases, if the lot is owned free and clear then 100% of construction costs can be financed when using Del Mar. Please be advised, that additional costs may be involved to place insurance coverage for the construction site.
In the near future, we will have a General Contractor on staff available to answer any of your construction questions.