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Message
re: Builder Asking About Budget on House?
Posted on 3/3/14 at 11:26 am to BeerMoney
Posted on 3/3/14 at 11:26 am to BeerMoney
I don't know if it's "normal", but I understand his question if he's being paid a percentage.
I'm building now using cost plus. I'll pay the actual cost of everything and a flat fee for the house being built.
The builder gave me a turn key price with the budgets he had for everything.
I joined Direct Buy and I get a quote on what I want and compare it to the builders quote from his usual suppliers.
I then purchase from the one who has the best price, which has been Direct Buy on everything. I am using the same suppliers my builder usually uses.
Right now I'm at about $60,000 in savings on my house using Direct Buy. I will be using the savings to upgrade everything from floors to appliances.
The builder has no incentive to cut corners or draw the process out.
I have 5 draws with my construction loan. The builder receives payment as things are completed and pass inspection.
Even though some of the things I've upgraded will cost more in labor, the savings from Direct Buy will cover the added costs.
On top of all that, I'll be doing some of the work myself. So, I'll be onsite and checking things throughout the build.
I'm building now using cost plus. I'll pay the actual cost of everything and a flat fee for the house being built.
The builder gave me a turn key price with the budgets he had for everything.
I joined Direct Buy and I get a quote on what I want and compare it to the builders quote from his usual suppliers.
I then purchase from the one who has the best price, which has been Direct Buy on everything. I am using the same suppliers my builder usually uses.
Right now I'm at about $60,000 in savings on my house using Direct Buy. I will be using the savings to upgrade everything from floors to appliances.
The builder has no incentive to cut corners or draw the process out.
I have 5 draws with my construction loan. The builder receives payment as things are completed and pass inspection.
Even though some of the things I've upgraded will cost more in labor, the savings from Direct Buy will cover the added costs.
On top of all that, I'll be doing some of the work myself. So, I'll be onsite and checking things throughout the build.
Posted on 3/4/14 at 5:28 pm to GeauxElliott
Good info and suggestion
What about doing self contractor ? Do the research on materials and you call and make the material purchase instead of the contractor doing it. Doing this will allow the self contractor to shop price comparison instead of purchasing from same supplier. Yes this will take more time but if cost savings is your intention then doing the homework is key.
What about doing self contractor ? Do the research on materials and you call and make the material purchase instead of the contractor doing it. Doing this will allow the self contractor to shop price comparison instead of purchasing from same supplier. Yes this will take more time but if cost savings is your intention then doing the homework is key.
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