Construction loan and permits: You might be required to carry the construction loan on the building process if the builder does not do this for you. You will also need to understand the permit requirements in your area if the builder does not do this for you. Even if the builder handles the permits, it’s a good idea to understand what is needed to ensure everything is built up to code. If you are unsure, it is best to hire your own inspector to make sure the job is done correctly the first time.