<prompt> Human: Im a full time student, I graduate in may 2018, I work part time time. What kind of savings and what kind of time line should I expect? In the US what kind of loans are best for building? Any advice in general?  <response>: First, from the time you get the title to the land, you will need to pay property taxes of some kind on it.Second, it is usual to get a construction loan to pay for building the house.Third, after the house is built it is usual to convert the expensive construction loan to a cheaper ordinary mortgage.Ideally you should have savings which will be 25-30 of the cost of building the house before you start.Talk to your local bank or credit union about getting these loans.Talk to a local real estate agent about what the value of a finished house on this land might be. You dont want to build a house that will never recoup its expense once built due to location, or the local market, or whatever.Check that the land has utilities connected to it, or, if not, what bringing in electric, cable, phone, water, sewage, etc. might cost.Check what permits and planning permissions might be needed.Talk to a local builder about building costs and timescales.Good luck. 