![]() | |
![]() | |
![]() |
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. Question 1. 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. Question 2. 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. Question 3. 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. Question 4. 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
MORE RESOURCES: Americans believe real estate, gold are the best long-term investments. They're wrong, advisors say CNBC Rennie lays off 31 employees from real estate firm, cites ‘changing market’ Business in Vancouver Don’t Trust Your Landlord? Here’s How You Can Find More Information. The New York Times A 24-year-old learned about real estate investing on TikTok. Now he plans to convert a $2 million motel into apartments. Business Insider Private real estate sees ‘bifurcation’ in compensation growth Private Equity Real Estate | PERE Here’s a snapshot of the area commercial real estate market in April Baton Rouge Business Report Senior Living More Tariff-Resistant Than Other Real Estate, Immigration Remains Big Issue Senior Housing News OT Real Estate Spotlight of the Week: 4295 Saddlebrooke Trail The Owensboro Times Homes for Sale in New York and New Jersey The New York Times Montgomery County and MCB Real Estate Partner on First-Ever Tax Increment Funding to Support $2.8 Billion Investment in East County Montgomery County (.gov) Who's buying up Quincy real estate? What one buyer has spent $78 million in last 5 years The Patriot Ledger European real estate somewhat shielded from tariff chaos Institutional Real Estate, Inc. Real estate’s winners and losers of the state budget The Real Deal Real estate sales in Peoria, Tazewell and Woodford counties for May 10, 2025 Peoria Journal Star Bray Real Estate releases its April 2025 numbers KKCO 11 News Grant Cardone Shares The 4 Greatest Opportunities For Real Estate Investors: 'Lower Rates Coming' Yahoo Finance Athens Riviera Set To Lead Europe’s Prime Real Estate Boom With Ultra-Luxury Demand In 2025 Travel And Tour World Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes Insurance Journal Westmoreland County Real Estate Transfers The Latrobe Bulletin Homes.com aims to one-up Zillow with listings ‘boost’ Real Estate News by RealEstateNews.com Sherley Real Estate, LLC - Ad from 2025-05-10 The Independent Record EG Real Estate: 7 New Listings & 5 Sold East Greenwich News Here are businesses on the move in Marin, Sonoma, Napa and Mendocino counties The North Bay Business Journal llinois bill looks to enshrine Clear Cooperation in state law housingwire.com Global Surge in Data Infrastructure Demand Reshapes Real Estate Landscape, Cushman & Wakefield Reports Boston Real Estate Times Property transfers: Marion County sales range from $4K to $595K The Marion Star What’s next for StepStone after its record real estate fundraise? Secondaries Investor Tributes – part III: Giving credit where credit is due Institutional Real Estate, Inc. Turbulent times: A mixed picture in European real estate reveals signs of a changing market Institutional Real Estate, Inc. ‘Wildly Inappropriate Behavior’: Real Estate Group Is Accused of Cover-ups The New York Times How’s the Market? AI and real estate The Ukiah Daily Journal Thriving in change: The value of a Realtor and top association Real Estate News by RealEstateNews.com People: Mark Nowaczewski, Sakara Ferebee join Street Commercial Real Estate Northern Nevada Business Weekly JLL announces senior leadership appointments Boston Real Estate Times TIM SCOTT REAL ESTATE - 82410 Caledonian Record When markets speak louder than politics: Real estate in an uncertain economy Rochester Business Journal NextGen Realty Opens Worcester Office to Meet Growing Demand for Central Massachusetts Housing Boston Real Estate Times Real Estate Transactions: Friday, May 9, 2025 Daily Camera Alexander Brothers Face More Sex Crimes, Including Against Underage Girl The New York Times Number crunching: How have top-down and bottom-up allocation strategies influenced real estate investment and performance during the past 40-odd years? Institutional Real Estate, Inc. Boston real estate firm expands into Worcester, opens Downtown office Worcester Business Journal Israeli veteran's Cincinnati real estate empire collapses amid fraud allegations - WCPO 9 Cincinnati Form 253G2 Roots Real Estate Invest StreetInsider AIM Media Texas Plans to Sell Real Estate Property to UTRGV Texas Border Business Gold tops stocks as second-favorite long-term investment, real estate still no. 1 - Gallup poll Seeking Alpha Sprinkman Real Estate Announces Expansion to Meet Rising Demand in Madison Housing Market openPR.com Shelter Island Reporter Real Estate Transfers: May 9, 2025 Shelter Island Reporter Suspect in Houston-area real estate agent's Downtown Dallas killing denied bond reduction FOX 4 News Dallas-Fort Worth Southside regional real estate forum showcased highlights and challenges of growth Chatham Star-Tribune See how the real estate market fared in New Caney, Porter in April Community Impact Residential urban inventories rise 22% in Jackson County, real estate data show - Rogue Valley Times Welcome to Real Estate Friday! The Berkshire Edge 2 Northwest Arkansas commercial real estate companies merge Talk Business & Politics Real estate transfers: 5/7 Toledo Blade A real-estate giant wants sellers to list their homes privately. Will homeowners benefit? MarketWatch LOCAL REAL ESTATE TODAY 5.9.25 KQEN News Radio Pope Leo XIV’s boyhood home in Dolton was on the market until Thursday. What comes next for the house remains to be seen. Chicago Tribune Real estate news: Beckman Coulter campus in Brea up for sale ‘as-is’ Orange County Register JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE Bluefield Daily Telegraph Norway’s sovereign wealth fund appoints Knapp as global real estate head Private Equity Real Estate | PERE |
![]() |
![]() |
![]() |
RELATED ARTICLES
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. Hassle-Free Homebuying 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 |