This leads us to next issue that pertains especially to building a log home. Normally, banks release a draw after work has been completed. However, log home manufacturers require COD when logs are delivered (or ideally day before). Historically this had been a bone of contention between banks and manufacturers, until certain banks took lead and set up accounts directly with log home companies. This expedited whole process. These direct deposits become draws on your construction loan.  

EXAMPLE: In our case, we ordered a total of 11 draws. On settlement of construction loan, bank started us with about $38,000 for misc. expenses. We used much of this to bridge gap between draws (the contractors want to get paid regularly). There was a draw for Log Kit deposit. There was a draw for our Superior Walls precast foundation (another direct deposit). Another draw paid for COD log delivery; another draw paid for window delivery.   Then things got more tricky, because next draw covered well and septic, which had to be completed first. Once log walls were raised another draw came, another when "weathered-in shell" was complete, and another draw when mechanicals were installed. The last draw came at end of project, but bank wouldn't release money until we had stained house and planted grass seed. They wanted to make sure house was ready for sale. 

With luck, you won't be delayed by weather or on-site errors, which could derail your whole plan. However, if you don't have some extra money set aside, your contractors might quit working until they get paid, knowing full well that you won't get paid until work is finished. Coffee and donuts help to keep relations smooth, but nothing works like cash.

And remember: if by some miracle you don't use all money you requested in construction loan, you can always give rest back. So don't cut corners. Estimate high, spend less, and you just might have enough left over for that luxury item you always wanted.

4. Have an idea. As with everything else in life, your pen will turn out better if you have an idea on what you want to create before you start. Decide before using wood lathe on what type of shape you want your pen to be.

5. Mark wood blank before you cut. It is nice to put a pencil mark across grain of wood before you start. This will make it easier to match up grain pattern after you cut wood blank.

6. Make sure your ends are square. If ends of your wood blank are not perfectly square before using wood lathe, there will be possibilities of cracking when pen is assembled.

7. The smaller wood lathe better. This tip is really just meant to make your life easier. Any wood lathe is suitable for pen turning; however, smaller wood lathe easier your job is.

8. Keep it simple first couple of times. It is tempting to want to do some fun and intricate pen shapes first couple of times but stick to basics until you figure out just exactly what it is you are doing.

A pen is an easy project that can help you with beginning possibilities of your new wood lathe. After you conquer creating your own pen, there are several other projects to start with such as table and chair legs, wooden bowls, wooden hammers, candle sticks, or even pieces to a chess set. Just remember to begin with a simple project with your wood lathe to get use to your new tool before attempting more difficult projects.