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Home Building questions, answered by experts

Yes, shipping container homes have a very high resale value if they’ve been well maintained over the years. You can resell this home similar to how you’d resell any home. The value depends on the market and the condition. As a bonus, you can transport many container homes depending on the design, which makes them easier to sell if the local market is challenging. 

Due to the expansion of the tiny house movement, you can usually find tiny houses to buy in your state. Prices range considerably based on size, style, and type. If you’re looking for a tiny home that’s move-in ready, you may be able to find a good deal to buy or a prefab dealer near you. 

Prefab kits like a small sunroom for around $20,000 or even a basic gazebo roof for as little as $60 can save you big over professional installation. However, you lose the option for customization, and these structures tend not to last nearly as long. As for bigger projects like a deck or patio, you shouldn’t go with the DIY route unless you’re fully prepped with the tools and know-how to get it done right. Mistakes can be frustrating and costly, so choose a pro if you’re looking to eliminate your risk of error.

It is almost always more affordable to buy an existing home than to build one from scratch. First of all, new construction mortgage interest rates are often higher than traditional loans. Also, when building a home, you're covering the cost of brand-new finishes, appliances, electrics, plumbing, utility hookups, and labor. Between the cost of labor and permits, building a home will often cost more in the long run.

Yes, most general contractors require a down payment for project completion. A reasonable down payment for a contractor is 10% to 25% of the total project cost, though that will vary based on project size and location. The down payment helps cover the upfront costs of materials and permits and helps ensure payment for the project at hand. 

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The Billings, MT homeowners’ guide to home building services

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