We plan to sell our house, which we own outright, and build a new one. We have $100,000 cash as well as our house and would like to know the best way to do this.
Will we have to sell our house before we start to build?
If we want to build first then pay on completion, will the cash be enough for progressive payments?
We are aged pensioners and have never built a new house before, and don't like the idea of a "double move" let alone paying rent.
Any ideas please?