How much % can you negotiate down with a custom builder these day
topman
13 years ago
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mydreamhome
13 years agotopman
13 years agoRelated Discussions
Attn: Owner Builders: How much did you spend per sq ft on home?
Comments (45)Wow, am I envious! I live in the Tampa Bay area and we are hoping to come in somewhere about $110-120/ft. Average prices are between $175-300/ft. The main thing to consider is that our building codes are probably some of the strictest in the country due to the hurricanes. The home is built to withstand 130mph winds. It is built from concrete block which definitely increases our cost substantially. As we are the GC, we did hire a manager to over see the entire project (he also did the slab/block/frame). But the money we are paying him to manage is definetly worth the peace of mind! He is very reputable in our area and has many many contacts so we are able to get his pricing. In the end, his management fee will probably wash with the savings. We are also going pretty high end with everything else from windows to appliances to flooring and so forth. In the end, it will all be worth it. However, our cost to build does not include what we paid for the lot. Land is NOT abundant here and you pay for it - ALOT. Our lot had a home which we initially wanted to add on to. But after talking with our architect and engineer, the cost was more to do that (by going up a floor) than it was to demo and start over. We went that route since then we are not limited to the footprint and could then have exactly what we wanted. Our new home is 4000 sq ft living/8900 sq ft under roof incl 1500 sq ft covered lanai/3 car garage/semi-detached 4 car garage. So, with all of this, in the end we should be about $450K (not including pool). For Florida, this is not bad at all....See MoreDo builders expect you to negotiate after presenting bid?
Comments (6)If a contractor submits a responsive bid it should represent the lowest price he is willing to do the work for. If it is not responsive you should assume he doesn't really want the job rather than allowing bid modifications. If you select one of the contractors based on his bid and other issues, the process of further reducing the price is called "value engineering" and involves reviewing the cost of each aspect of the work and asking the contractor to suggest how the cost could be reduced without severely reducing quality or performance. Taking the time to do this is something a contractor is usually willing to do if he has reasonable assurance that you are not doing the same thing with the other bidders or intend to modifying the contract and rebid the job....See MoreHow much 'down' time should you expect?
Comments (12)I hate to see you suffering with this. Your build has been going so fast compared to most of those here on the forum. It really has. Rain/nature you have to take out of the equation, and I think you have. From the very beginning you've had to stay on your builder to get anything done. He has other projects going on and it seems like he, like many people, respond to the "squeaky wheel". I agree that you should respectfully keep up the pressure, but I wouldn't even think of it that way. I'd just think of it as "checking in as to the progress." Sounds like he makes a lot of statements (and MANY people do this) just to reassure you/get you off his back. I never believed you would be in as fast as you thought. Just like I don't for one minute believe my own, much trusted builder, when he says the time from building permit to CO is 5 to 7 months. NO WAY. HOWEVER, every statement like that becomes one I can repeat back to him--respectfully--just quoting him and use that as a tool to keep things moving forward. If I need to. And you apparently do. I do remember, however, that he is difficult to get in touch with. He's avoiding you? Since you're the one in charge now with DH away, why don't you talk to him, sweetly and calmly, and set up a weekly check-in. So you will not obsess and feel blown around in the wind. So he will know there is a regular report he needs to make. A good routine is a real help. Then leave the worrying off. Your build is a business arrangement; maybe treating it that way would make the builder act more businesslike. Assuming he's capable of it. My gosh! When in your schedule do you plan to go to a paid job? Or, maybe that will get your mind off your build and onto something else. You have more energy than anyone I know. Well, over age 22 anyway. BTW, I know you don't want to hear this, but it is really hard to move during the holidays. And if you could clear your mind of that expectation I think things would go so much easier for you. In fact, why not plan to wait till after the first of the year, whether the house is ready or not? That way, you can plan your holidays wherever you're living with whoever you're living with. Or, go on a mini-vacation and have your holiday out of town for a change--something to look forward to and take your thoughts off of: "Why, oh why, isn't the house ready for the holidays like the builder said it would be?" Put yourself in charge; not the builder. A mental shift like this is useful because it gives you such a feeling of control. You can control only what YOU can control. Is any of this giving you food for thought?...See Morehow much did you put down for non-custom cabinets?
Comments (12)We purchased Kraftmaid cabinets through HD and we paid in full for them when we ordered. We just assumed that because they weren't custom, that's how it was done in the industry. We had a few doors come in with some imperfections and Kraftmaid and HD have been VERY helpful in getting everything resolved (this was my one worry because at that point they have ALL of our money and could have turned their backs on us). As for granite, when I tagged my granite I didn't put anything down. The stoneyard slapped a "SOLD" sticker on the two slabs we picked and then I went through my fabricator. They require half down when we signed the contract (after the granite was picked) and before setting up an appt for templating. The balance is due the day the job is complete....See Morecarolwaw
13 years agomomtoollie
13 years agobooboo60
13 years agocarolwaw
13 years agojmagill_zn4
13 years ago
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