|Real Estate Information|
Questions You Always Wanted To Ask A Master Builder But Never Had The Chance
Building a house (or lots of them) seems to be an area of knowledge that is kept secret (insiders only), with clients kept in the dark and fed on expensive "cow dung."
A while ago I asked my US readers of my e-book, "Residential Development Made Easy" for questions they would like to ask a Master Builder.
I found a unique individual, Leonard Manion, who has been very generous with his time (he builds in 48 States) who gives answers straight from the shoulder with apologises to no one.
I must also say that few builders would spend the time to cater to these questions and answer so frankly.
Leonard answers are denoted by the ProCustom Home tag. I have kept the questioner's identity private, however the answer has been send to them by email.
My wife and I are planning a new small retirement home. We have in mind a couple of builders in this area, and I plan on asking him these questions.
My wife is very adept at planning and researching. Under what circumstances do you recommend we hire an architect? and Why or why not? (This is not a loaded question. I am not an architect and neither is my brother-in-law. We would prefer to build without hiring an architect.)
Master Builder Replies
This would depend upon your budget. Some architects charge as much as 10% of the budget of a home to do the plans. We don't like to place our clients into a position of hiring an architect until they really need one.
First, the loan, then the land, then the architect. In our case, we have in-house architects and structural engineers. We recommend our clients to hire a Interior Designer (ASID) and have them work with you to design the floor plan which is uniquely suited for how you and your family use space and the style you like.
Armed with the floor plan you would then send it to us and we would create your architect blueprints from it. Blueprints are part of the quote we provide our clients. This way they don't have sticker shock from a local architect.
How much price and quality research re materials can we expect our builder to do or to have done?
Master Builder Replies
This depends upon the builder you hire. For the most part, you can't expect too much. Most builders work in their comfort zone. With materials they're used to working with. They usually won't try something else unless insisted upon by the home buyer or developer. And, then they usually hire an outside source to do this.
In our case, we use current technology and one of the reasons why we are both profitable and successful is that we keep abreast to new technology and want our buyers and developers want in their homes.
Is it reasonable for us to ask our builder to identify his subcontractors and allow us to talk with the primary subs before we contract (and after)?
Master Builder Replies
It is reasonable, however, not very realistic. Subs come in and out of a job site. If one is not available another one is called in.
Instead, you may want to concentrate on ensuring the builder has the proper permits and insurance for building. Especially for workman's comp and for liability.
What few people realize is that they can be held accountable if the builder doesn't have the correct insurance. Let's say that a child comes on to the site after the builder has left. Decides to climb to the roof and jump. Guess who's liable? Check the references of others he's built for.
What do you, as the builder, expect the homeowner to do (other than to pay you as and when agreed).
Master Builder Replies
As the builder, we expect the home buyer to be reasonable and realistic in their expectations. We have made is easy as possible to work with us. We can provide financing required.
We can provide the Realtor to assist you to finding the ideal location. We can tell you the appraised value. And, we can help you find an Interior Designer to help you come up with a visual floor plan.
The biggest problems that most builders run into is when the home buyer to either change what has been agreed to or is unrealistic in what they want. This is why we have our home buyers sit down with an Interior Designer.
The ASID can sit down with you and help you visualize exactly what you want and help you make any compromises you may have to make.
It is very expensive for to make changes. Let's say that you wanted a 17x20 kitchen. Sounds like a big kitchen. Probably too big. However, once the cabinets and appliances start coming in you realize that it's too small and want the kitchen to be bigger.
This may cost you an extra $50k to make those changes. You can save yourself a small fortune by first working with ASID on floor space, storage, placement, design, and style.
Colm Dillon, $1.2 Billion Developer & Author of "Residential Development Made Easy," The Only E-book In The World That Teaches 'Individuals' How To Develop Residential Real Estate, Has Readers In All US States And 83 Other Countries Growing Their Wealth.
Learn More About What This "Guy Who's Done It" Has To Teach You On His 'No Padding' Web Site: http://www.realestatedevelopmentcoach.com/ez
His Motto: Learn It The Right Way, The First Time
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Where are South Florida's 8 Amazon headquarter sites? Real estate experts identify potential candidates - Sun Sentinel
Ask a real estate pro: Can you speak at an association meeting with a proxy? That depends - Sun Sentinel
Mattress Firm Fraud Defendant Claims Retailer Has 'Unclean Hands' In Real Estate Conspiracy - Forbes
Will a 1031 Property Exchange Solve Your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1.
Landlords Dance The FICO Fandango
Fair Isaac Corporation is the creator of the FICOcredit score that is used today by most lenders toevaluate consumer credit risk. FICO scores rangefrom a poor credit low of 500 to a best credit ratingof 850.
Purchasing Land: What To Look For
It doesn't take long to realize that finding the right piece of property is the most important aspect of new home construction. In a development, restrictions and easements have already been sorted out, but if you are looking for a stand-alone piece of vacant land, you're on your own.
You Dont Need Health Insurance!
Seems almost every situation in our lives is centered on communication. Good or bad, the way we express our thoughts, wants, and needs to each other determines how we live, love, and learn together.
How Come No One Told Us About This When We Were Buying a Home?
Development, it's bound to happen.Simply because there is a large open field, or the property you're looking at borders woods, doesn't mean it will or can stay that way in the future.
Condo Hotels Offer Luxury and Great Investment Potential
Not Your Typical Vacation HomeWhat could be more perfect that owning a luxury vacation home at a landmark resort and receiving rent revenue whenever you're not using it? Condo hotels are the newest trend in vacation home ownership. Live in it when you're there; rent it when you're not.
Making Money In Real Estate - 10 Ways
Making money in real estate is an endless topic that includes all the various types of real estate investments. There is land, apartment buildings, homes, commercial buildings and more.
Tax Deferred Exchanges of Investment and Business Real Estate
The Primary Residence taxation, the Residential Replacement Rollover, Sec. 1034 exception is gone.
How Do I Fix Up a Home to Sell?
The first thing you need to do is stop thinking of your home as "home" and start thinking about it as a commodity that you want to sell. To be a successful seller you must detach yourself emotionally from your home and be brutally honest about how it should look in order to sell.
Do I Have To Buy Real Estate Through An Agent?
Sometimes when we are very busy professionals and very rich it might be convenient to let an agent do the groundwork for us. Letting them make appointments, drive to the property, roam through house after house sizing them up until they find a few great homes that might be just perfect for us.
Boston Real Estate - You Still Have Considerable Control Over the Sale of Your Boston Home
Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our treasuries keep interest rates low.
Log Homes - What is the Log-Home Lifestyle?
Typical log home company advertisements in popular log home magazines talk about the "log home lifestyle" or "it's not just a home, it's a lifestyle." What does this mean? What is "the" log home lifestyle?It's often difficult to discuss the particulars of log home living without also talking about where the log home is located.
FSBO: For Sale By Owners Chapter Two
Sheriff's Deputy Ted Rasmussen was thinking about Carrie-his pregnant waitress problem-when he sighted the traffic disruption meandering near the yellow line on Bay Street. A Bremerton merchant had called the Sheriff's emergency number reporting a wet morning commuter mess.
One Stop Shop for Buy to Let
As the buy to let market continues to go from strength to strength, a unique selling opportunity has been created for landlords looking to dispose of both residential and commercial buy to let property with the ability for transactions to take place directly between landlords.Set up by experienced property investors with an acute understanding of all aspects involved in buying and selling of investment property.
Boston Real Estate - Choosing the Right Boston Real Estate Agent
As a successful Boston real estate agent, it always puzzled me how and why some people choose particular Boston real estate agents to sell their homes. For most of us, a real estate purchase is the single largest investment we will ever make in our lives.
Property Types A, B, C And D
One of the biggest problems individuals just starting out have is the type of property they look for, and working outside their immediate area. One of the constants around the country and for every state, is that there are the most desirable areas to live and the least desirable; and then those that fall in between.
Real Estate Investing - FSBOs vs. Agent Listings?
Many would-be real estate investing professionals face discouragement because of the assumption that acquisitions require deep-pockets. Some even believe the myth that nothing-down purchases are impossible.
Property Investing Secrets 9
Property Investing: Here Are Two Important Tactics You Must Do When Buying Real Estate Off The InternetYou can purchase property off the internet. The off line fundamentals of property investing apply on line.
Perhaps you'd like to take advantage of today's great buyer's market in housing but feel a little intimidated by everything that's involved.You know the routine: finding the right locale and the right house; negotiating an agreement; putting together a down payment; and selecting the best mortgage available.
Property Investing Secrets 8
Property Investing: A Buyer's Secret Weapon When Purchasing Real EstateMy friend, Roger, does property investing and is a licensed real estate agent. Recently he looked at a property in another state that was probably worth $225,000.
|home | site map|
|© 2006 TIGER MEDIA|