Wow, this question has numerous "what if's" connected with it.
If you are young and have many 10's of thousands of dollars in cash flow with a bank willing to do a construction loan, and you have a skill set that would help you to build a home, then YES by all means you should try to build a home for yourself. Anything less than this would be a one way trip to the bankruptcy court.
Thanks for your ans, I have seen many optimistic people trying building their dream houses. However I agree with your what if scenarios but what would be your opinion if some one approach the works with the right techniques, tools, money and skills?
Prefab construction is easier than DIY. Some vendors will do most of the work to get a prefab home placed on your property. Most are single and double wide prefab homes.
Yeah, prefab can minimise the burden of the owner by reducing number of direct traders but the precision of the design and implementation is more vital for the successful delivery.
"Building your own home" can be done in more than one way. There is more than one type of dwelling, and more than one way to build each. In other words, there's a right way and a wrong way. If you are suggesting doing all of the labor to build a conventional residential home by yourself, I think that the odds are against you. There are too many different aspects to handle for one person to do it alone. If you sub out the foundation and any other areas that require precision and expensive equipment that you don't own, your odds increase a lot if you know the trades you intend to do yourself well enough to do it right. If the person in question does not have an in depth understanding of at least a few of the trades involved and construction in general, then attempting to build your own home would be a terrible idea.
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