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re: Better to buy a lot up front or finance with home?
Posted on 5/14/12 at 8:47 pm to guttata
Posted on 5/14/12 at 8:47 pm to guttata
quote:
I'll have to disagree. If you get any reputable builder, they are not going to want to have crappy subs. Additionally, subs are going to want to do better work for a builder who might give them more work, than a one time deal working for an individual.
Exactly. They will bust their asses to make a guy happy who builds 30 homes a year as opposed to a guy who will never use them again. Plus, the builder will know better than I do if someone is trying to take shortcuts or screw my eyeballs out.
Posted on 5/15/12 at 6:08 am to JonTheTigerFan
I considered subing it out myself, but after a week realized I definitely made the right choice by paying a builder to take care of everything. In my opinion, unless you have alot of free time on your hands, I would pay someone else to build it.
Posted on 5/15/12 at 7:18 am to JonTheTigerFan
Many times the builder can get the lot at a discount or has tap and landscaping budget (or all) when builder buys lot from developer. Factoring in this and carrying the construction loan.
I'll agree with majority subbing out should only be done by experienced individuals.
Make sure you are aware of specs for your particular house, as builders in "parade of homes" tend to show finest upgrades to lure you in. If you know you want steel Kohler tubs in biscuit, oil rubbed bronze moen faucets, soft close cabinets, etc... Detail it in contract. Leave no wiggle room for builder on your must haves.
I'll agree with majority subbing out should only be done by experienced individuals.
Make sure you are aware of specs for your particular house, as builders in "parade of homes" tend to show finest upgrades to lure you in. If you know you want steel Kohler tubs in biscuit, oil rubbed bronze moen faucets, soft close cabinets, etc... Detail it in contract. Leave no wiggle room for builder on your must haves.
Posted on 5/15/12 at 5:52 pm to JonTheTigerFan
quote:
Exactly. They will bust their asses to make a guy happy who builds 30 homes a year as opposed to a guy who will never use them again. Plus, the builder will know better than I do if someone is trying to take shortcuts or screw my eyeballs out.
Not really, in this economy builders are taking shortcuts because they know how much per sq foot they can sell a house. They have adjusted over the years in order to sell a house and stay profitable.
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