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Home Building questions, answered by experts

Depending on size, customization, and location, costs range from $100,000 to $300,000.

The number of rooms a guest house should have really depends on your needs. A small guest house might only need one bedroom, a bathroom, a living room, and a kitchen. Larger units may have multiple bedrooms and bathrooms. Your local building codes may limit the number of rooms or square footage you can have in a guest house.

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.

How long it takes to build an in-law suite will vary by type. The time it takes to build an addition will typically be less than for completely new construction. Expect to spend about two months if you convert a basement, attic, or other existing room in your home. New structures can take up to five months, plus up to two months to receive the required permits.

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. 

The Guys, TN homeowners’ guide to home building services

From average costs to expert advice, get all the answers you need to get your job done.