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post #1 of 24 Old 02-27-2013, 06:48 AM - Thread Starter
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I've been given the ok from the wife to build a ht add on to my home. I plan to build in the back yard.

We have no equity because of the housing bubble.
We both have excellent credit and a healthy income.

My question is how did most of,you secure funding?

I've been looking at a secured line of credit or a secured loan. What other options are there?

Thanks for any help
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post #2 of 24 Old 02-27-2013, 07:28 AM
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I'm not trying to be mean but I do financial planning. I'd say cash. If you can't do that right now then save and do it when you're ready. Especially if you don't have any equity you're already stuck in a money pit, don't dig the hole deeper.

Ok, off the soapbox.

Other options would be loans against investments, 401(k) loans, etc.
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post #3 of 24 Old 02-27-2013, 07:49 AM
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Mine was cash and an existing Home Equity line of credit, with you not having equity in the home it might be best to just set up a savings account until you can afford to do it in stages.

The MacBeth Theater (flood resilient build)
 

Play like a Raven

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post #4 of 24 Old 02-27-2013, 07:53 AM
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+1 for pay as you go. Divide the project into phases that you complete and then wait. Something like:

Phase 1 site work and foundation

Phase 2 Frame/Sheath/Roof and siding

Phase 3 interior which you can drag out forever.
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post #5 of 24 Old 02-27-2013, 07:55 AM
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Originally Posted by BIGmouthinDC View Post

+1 for pay as you go. Divide the project into phases that you complete and then wait. Something like:

Phase 1 site work and foundation

Phase 2 Frame/Sheath/Roof and siding

Phase 3 interior which you can drag out forever.


agreed...... just look at some the builds here .... look at when they start and when they end sometimes it is few years.
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post #6 of 24 Old 02-27-2013, 07:56 AM
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I have been doing mine the same way.

I had
phase 1: Framing
phase 2: Electrical
phase 3: Plumbing and HVAC
Rough-in inspection


That's as far as I've gotten since October 2012.
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post #7 of 24 Old 02-27-2013, 08:02 AM - Thread Starter
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Ouch, this damn housing bubble. I guess y'all are correct. What kind of money am I looking at? What's a rough estimate for 250sq room?
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post #8 of 24 Old 02-27-2013, 08:14 AM
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Depends on what you want to do. I can tell you on the construction I didn't have to do any exterior work. I had to frame, insulate, plumb, electric and hvac and without any theater "stuff" like equipment, acoustic treatments, etc I will probably have $10-15K in my 18.5'x30' room. I am doing everything up to code and having it all permitted as well.
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post #9 of 24 Old 02-27-2013, 08:18 AM - Thread Starter
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Quote:
Originally Posted by wraunch View Post

Depends on what you want to do. I can tell you on the construction I didn't have to do any exterior work. I had to frame, insulate, plumb, electric and hvac and without any theater "stuff" like equipment, acoustic treatments, etc I will probably have $10-15K in my 18.5'x30' room. I am doing everything up to code and having it all permitted as well.

Nice, I'm gonna go by the book also. I'm guessing 50k should suffice
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post #10 of 24 Old 02-27-2013, 08:30 AM
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Oh yes. Unless you want a 11.2 THX concrete bunker that Lucas would be proud of!
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post #11 of 24 Old 02-27-2013, 08:55 AM - Thread Starter
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Ha ha, I wish. I just want something sound proof that I can hide out in.
I'm also gonna have a office/equipment rack room. The office so I can write it off on my taxes using my llc
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post #12 of 24 Old 02-27-2013, 10:50 AM
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Yep home theater is a luxury - should be a cash purchase. Don't expect it to increase the value of the home unless you live in an area with expensive homes where something like that is expected. Its also nice to have a paid for theater so you can actually enjoy it and not have to work to pay it off.
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post #13 of 24 Old 02-27-2013, 11:54 AM
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Quote:
Originally Posted by Charles Whiting View Post

Nice, I'm gonna go by the book also. I'm guessing 50k should suffice

Depends on what you want "in scope". Like a car, a HT room can probably start at 15K and easily run over 100K. It all depends what you want (room layout/size, lighting, carpet, av shelving/rack, bar, number of seats, type of equipment, type of speakers, type and number of subwoofers, projector, screen, etc...). You can have a great home theater build at 50K, 40K, 25K, 150K...there is no one answer.
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post #14 of 24 Old 02-27-2013, 06:09 PM - Thread Starter
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Thanks for the help and opinions.
I have most of the equipment ill be using already. I'm thinking 50k or less should suffice fornwhat i want. The only thing I really need an expert for is the building. The equipment I like to research and purchase myself.
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post #15 of 24 Old 02-28-2013, 05:00 AM
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I had purchased detailed plans from Dennis Erskine and had BigMouthinDC help with construction and the room exceeding my expectations. I highly recommend both of them.
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post #16 of 24 Old 02-28-2013, 05:19 AM
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The equipment I like to research and purchase myself.
That is a fun and interesting exercise; but, now is not the time to be doing that. The room isn't designed yet ... you have no clue what the minimum technical requirements your equipment will need to achieve until you know what you're building. If I have a Type 309 Ferrari engine, perhaps I design the car (or boat) to that engine's capability. In the vast majority of home theater projects, you have space and budget constraints. Buying that Type 309 engine when you have a VW or Lexus frame isn't going to produce a happy result. Best time to start researching your equipment is after you have the room design and know what the room needs to produce the result you want.

There is a flip side to this coin. What is more expensive to fix/upgrade ... the room or the equipment? When you're looking to move forward into one of these projects, while it is a balancing act, you are well advised to spend your first dollars on getting the room right and if the budget is weak after that, get "stuff" that "will do" and plan on upgrading that kit over time. Somewhere around 80% of the sound you hear in a room, comes from the room, not the speakers.

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post #17 of 24 Old 02-28-2013, 06:48 AM - Thread Starter
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Yea, I wasn't actually gonna start buying equipment now. I just planned on using my existing equipment and maybe upgrade some items as needed. Right now my priorities are funding and researching room ideas. Im in contact with the builder of my home which will be my contractor.

Thanks for the info
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post #18 of 24 Old 02-28-2013, 04:29 PM
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Originally Posted by bzbase View Post

I had purchased detailed plans from Dennis Erskine and had BigMouthinDC help with construction and the room exceeding my expectations. I highly recommend both of them.

+1. Hire Dennis and get a good plan before anything else.
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post #19 of 24 Old 02-28-2013, 05:49 PM - Thread Starter
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Will do
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post #20 of 24 Old 02-28-2013, 05:52 PM - Thread Starter
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post #21 of 24 Old 02-28-2013, 05:53 PM - Thread Starter
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post #22 of 24 Old 02-28-2013, 06:16 PM
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I think you are getting good advice in this thread. I plan to add a HT also, extending the family room into the back yard. Mine will be 15x12.

I built a shop adjacent to our garage and did 70% of the work myself. That was a huge cost saver. The trick is knowing what you are good at and bad at. Drywall and roofing were my no fly zones. Everything else I did, including the forms for the footings and slab. But on concrete pour day I hired a pro to do the finish work... money well spent.

Best of luck with your project. There is great pride and satisfaction in adding on to your house as I can attest.
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post #23 of 24 Old 03-01-2013, 05:15 AM - Thread Starter
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I'm a athlete and a computer geek. I have no knowledge about construction. I wish I did. I know that adding to your house feels like buying a new car minus the depriciation. How much do you plan to spend on you 15x12?
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post #24 of 24 Old 03-01-2013, 08:46 AM
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Quote:
Originally Posted by snickers1 View Post

agreed...... just look at some the builds here .... look at when they start and when they end sometimes it is few years.

+1 - I actually started my original build thread in 2006, then we decided to do a home remodel and put off the theater - came back to it a few years later (had to create a new build thread because the old one got buried by the old thread monster). The time off afforded me a lot of additional research so that I think I ended up with a much better result than I otherwise would have (including of course the gear - the projectors I was considering back in 2006 were far surpassed by what I was able to afford in 2011, same for receiver, etc.).
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