Custom home pricing is a complex subject. Here are some ways to think about it. Have you ever called a car dealership to ask how much cars cost per pound? You say that’s a ridiculous question? We agree. In fact, we expect the dealership’s sales staff would wonder what you had been smoking. The serious
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How to keep your new home on track amid COVID-related price spikes and shortages If you’re ready to start a new custom home, you may need to deal with the ongoing fallout from the coronavirus-related economic shutdown. That means working with your builder to mitigate its impact. The problem, as we all know, started in
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Transparency about what you can afford is the only way to get the most house for your money. Your new custom home is likely one of your biggest-ever investments, so you obviously need a builder you can trust. Ways to confirm trustworthiness include reading online reviews, calling references and noting the builder’s professional certifications. As
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Clients deserve a straight answer, but getting it requires an honest conversation Tract builders and realtors often market homes in terms of square-foot costs, but that approach can be misleading for a custom home. Sam Rashkin, founder of the Energy Star for Homes program, expressed this idea forcefully at a recent industry conference. “If you
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Post-contract changes need not be a problem, but they absolutely need a well-thought-through process. Professionals who build fantastic homes for satisfied customers share some important traits. Two of these are an obsession with details and with clearly communicating those details to the homeowners. Great builders are great communicators, and part of being a great communicator
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For best results, narrow down the options up front Allowances–that is, budgeting general costs for items before the specific items are chosen–are a fact of life on many projects. Some homeowners have trouble making decisions before work begins, most commonly for appliances, cabinets, floor coverings, and plumbing and electrical fixtures. In those cases, the builder
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Identifying the best pro to build your new home starts by clarifying your wants and needs.
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It’s natural to have questions and changes when building a custom home. Prevent surprises and delays by getting answers from the top. There are lots of things homeowners can do to keep their building project running smoothly. Number one is making timely product choices, but another key action is to direct all change requests and
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A great finish doesn’t come cheap, but it can make or break the look of a custom home. Many homeowners expect plumbers and electricians to be expensive but are surprised at the prices charged by other subcontractors. The most obvious example of this is the professional painting company.
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Government red tape takes time, money and skill to navigate. That’s why you need a pro. Some people don’t realize how highly regulated the construction business has become. According to the National Association of Home Builders, the costs of complying with government regulations now account for nearly a quarter (24.3%) of new home prices—30% more than just five years ago.
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The work of building a price and schedule for your custom home is a project in itself. There’s a reason that quality project estimates don’t happen overnight. Every home is a collection of thousands of individual components that range from large-scale assemblies like walls and roofs to small items like doorknobs and faucets. The builder
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Should you tell us your real budget? If you want a successful project, the answer is yes. Here’s why: We occasionally meet homeowners who don’t want to reveal their true budget numbers. This lack of disclosure is not in their best interests and almost always sets the stage for disappointment.
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Home pricing is a complex subject. Here’s how we answer the most common question. A question we get from a lot of potential clients is “What’s the per-square-foot cost of your homes?” Some clients arrive armed with numbers gleaned from Internet articles. Others quote realtors who appraise and advertise houses by the square foot.
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A successfully managed budget is a partnership between the builder and the homeowners. Custom builders work hard to make sure their clients get the home they want at a price they can afford. Cost-control strategies include value-engineering the structure, writing clear product specifications, and managing the construction in the most efficient manner possible.
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Some big obstacles stand in the way of the three-bid advice. Folk wisdom, online articles, and basic instincts advise homeowners to solicit bids from several qualified contractors.
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Custom home pricing is a complex subject. Here are some ways to think about it. Have you ever called a car dealership to ask how much cars cost per pound? You say that’s a ridiculous question? We agree. In fact, we expect the dealership’s sales staff would wonder what you had been smoking. The serious
How to keep your new home on track amid COVID-related price spikes and shortages If you’re ready to start a new custom home, you may need to deal with the ongoing fallout from the coronavirus-related economic shutdown. That means working with your builder to mitigate its impact. The problem, as we all know, started in
Transparency about what you can afford is the only way to get the most house for your money. Your new custom home is likely one of your biggest-ever investments, so you obviously need a builder you can trust. Ways to confirm trustworthiness include reading online reviews, calling references and noting the builder’s professional certifications. As
This imaginative and fun exercise will get you a space that’s just right for your needs One of the many benefits of a new custom home is that the kitchen can be perfectly tailored to support how you cook and entertain. A first step to getting that result is to think through the space in
Societal trends are making the home office a must-have for many homeowners. Careful planning is the key to getting a space where you can be truly productive. Remote work arrangements have been on the upswing for a long time. Research firm Global Workplace Analytics figured in 2019 that there were 4.3 million telecommuters in the