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re: Avoid turnkey pricing?
Posted on 8/29/14 at 10:31 am to man117
Posted on 8/29/14 at 10:31 am to man117
quote:
I've been plodding through the process of getting my 1st home built. It will be custom and I own the lot already. I just had the preliminary plans completed from which I'll get a few bids. In my casual conversations with a couple builders and the draftsman, turnkey pricing was mentioned. Do I have the pros and cons right?
I may be wrong but I'm not sure a builder is going to finance and close on a house where you already own the lot.
1
Posted on 8/29/14 at 10:46 am to ForeLSU
quote:
I may be wrong but I'm not sure a builder is going to finance and close on a house where you already own the lot.
Just get construction loan. Can go cost plus or turnkey with that route. Then switch to perm at closing.
Most builders cant finance project on land they don't own
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