It's funny that this topic came back up. On Saturday I attended an auction and purchased a Woods 9000 backhoe for a great price. It was barely used, heck the teeth on the 18" heavy duty bucket are barely scratched. The machine has a little sun fading but nothing wrong at all. I've got to get the proper subframe for the backhoe and then have it attached, but even then I figure for what I bought the backhoe for I think I'm at least $1000 better than what I saw looking around for used backhoe attachments and about a third the price of new. So I ended up getting my backhoe anyway, and it will come in handy digging trenches for electrical, natural gas, public water and sewer lines for my house. I'm sure it will also be good to have for a bunch of other projects during contruction that would have required the rental of a backhoe. I figure even if I gave the backhoe away I'll probably save the rentals fees for some of the equipment that I would have used and I'll have a handy tool for lots of other projects should the need arise.
As for digging the foundation, it may be more feasible than I originally anticipated. After owning the property for a year, we've had the chance to look into some of our options. Near the border of our property is a hill which has a section that juts out more than the rest. This area is all nice, compact able gravel, confirmed by a few test holes. My uncle and I have decided that we will make the hill completely unfiform for the length of the property and use the gravel that will be removed to help elevate the foundation. There will be plenty of fill in that hill to accomplishg this task. Just guessing we're thinking that I might not need to dig down more than about 3 to 4 feet for the entire footprint of the house. A bulldozer will be used to move the hill and bring up the elevation around where the house will go so that there is even better drainage away from the house. So I'm thinking that the bulldozer will do most of the actual excavation for the house and I can square things up as need be. The backfilling can be accomplished with my FEL and backhoe so I think there is a good chance that I will not need to rent an excavator at all.
Regardless of what equipment we need to bring in to get the job done in the end for the price that I paid for this backhoe, it will more than pay for itself when it's time to break ground. I'll have the added benefit of having it around for various other projects both before and during the construction phase of this project. I'll likely keep it afterwards too as I'm sure it will be useful for various projects around the house. I think it will especially come in handy for digging stumps associated with the Christmas trees that we intend to grow and sell every year. It should help keep me busy with plenty of projects that help me relax and get my mind off of other things, which is a big reason why we bought what property we did and what tractor we bought to maintain it too.