I'm thinking about building a new home a little at a time and do most of the work myself. I don't want to take out a 20-30 year loan. Only God knows what all will happen in the next 30 years! Plus, I would be up in my 70's when I get it all paid off. So I want to build the house in stages but some stages might take a good chunk of money that might be hard to raise in a short amount of time. Basically what I want to do is start out with the foundation which I might be able to raise the money without a loan. Then borrow money to build the frame and roof. While paying off that short term loan, any extra money I receive will go to finish building the house. I think with proper planning I could almost do about 85 - 90 percent of all the labor involved.