Should I build with a National Builder or buy a lot and custom build?
Mitul Patel
5 years ago
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robin0919
5 years agoBT
5 years agoRelated Discussions
"Build on Your Lot" Builders and Other Newbie Questions
Comments (5)I don't know what you ought to do, but I will tell you about what our process has been to build on our own lot. We started by asking around for recommendations of builders. You could also go on the parade of homes to try to find builders. We took the design/build route and are building a custom home, but since cost is a big issue for you, I'd recommend picking among plans the builder builds regularly, because he can probably build those plans more cheaply than a house he's never built before. Then you can get quotes for the plan(s) you're interested in. Make sure the quote is as complete as possible-- if there's an allowance, price out what you want and make sure the allowance is sufficient. Then add in a buffer for whatever you and your builder forgot to account for. Once you've got it all worked out, you will sign a contract with the builder and apply for the construction loan. The bank will want to ensure 2 things: that you can afford the loan, and that the property (house+land) will appraise for what you will owe when it's finished. If you are approved, and appraisal is good, then you can go forward with seeking the building permit. Once you have a building permit, then you can start building. Payments for your construction loan begin as soon as your builder starts drawing money from it. There will be procedures in place to ensure that your builder only takes money as he needs it to build your house-- he can't take the full amount immediately. FWIW, I'd do as much as I could to clear out the old mess before getting the builder involved. The bank doesn't want to see any kind of construction having begun before the loan closes, but you could certainly clean up the lot. And that will probably be a good thing even if you decide that you're better off selling the lot....See MoreTips for Buying Land, Designing and Building A Custom Home, Reposted
Comments (2)Hi Mr Carter. I’m interested in the first part of your Post about “Tips on buying Land” and the beginning of your “Designing a Plan”. You said searching Houzz I can find them. How might I do that please? I appreciate the quality of your commentary. Thanks Marilyn...See MoreShould we let our custom builder go and build with someone else?
Comments (20)Move On. Do not pressure yourselves about when you break ground, and only do so *after* you have vetted every aspect of the house over time. Hire an architect to draw your plans. You can tell him what you liked and didn't like about stock plans, but let him draw your house to fit your needs and your lot. (Do not rely on anything the architect tells you about building costs. He's not building anything.) Put your plans out to bid. This is where you'll see cost *estimates*. Your actual cost will be much more. Do not think that the architect or the contractor will be *building* your house. You will have to check on every sub's work every day. From the start, the lead carpenter is going to be *building your house*. He will probably need to tweak the architectural plans to make it all come together. This is common because, as I said, architects don't swing the hammers or have to make Angle A fit against Angle B in the real world. Almost none of the cutie-pie builder plans are live-able 'as is'. They usually have five different architectural styles pasted on a 'box', drawn in some story book setting. They short on natural light and go long on elaborate porches that nobody has used since the advent of air conditioning -- but that cost an arm and a leg to build and to maintain. Look at the living space. Look for windows on at least two sides of most rooms. Ignore anything labeled "bonus room". Think about orientation on your lot -- how light will strike each room during the day or how some aspect will enhance or block the light....See MoreWho should have recognized the water table problem on a custom build?
Comments (35)I'm not a lawyer but since 1971 I've been the primary or assistant project architect or owner's rep for countless construction disputes some involving hundreds of thousands of dollars and far more complicated than the OP's problem. To my knowledge, in none of them was the intervention of lawyers needed. Well I have been a lawyer for 15 minutes or so and ran capital project development for a petroleum company and eventually for a country. I can tell you for sure having been in a few contractor disputes, that the lawyers were always involved. Involving a lawyer doesn't mean going to court and suing someone. It means being fully informed. The advice to work out a problem that could amount to a significant amount of money without seeking legal advice from someone who doesn't have a vested interest is simply good advice. Frankly, you may well be a great architect, but you suck at dispute resolution. You would have the OP go to someone who has a vested interest in paying less rather than spend a couple of hundred dollars or less to loop in their attorney. ETA: Just to be clear, the OP has noted a question about a diminished value claim, a detrimental reliance cause, and stated that they had concerns about the integrity of the architect and builder. Your advice is to work it out with the architect, the one with questionable integrity... ETA2: RES deleted the referenced post......See MoreMark Bischak, Architect
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5 years agolast modified: 5 years agoMark Bischak, Architect
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5 years agolast modified: 5 years agoVirgil Carter Fine Art
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5 years agolast modified: 5 years agoMark Bischak, Architect
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5 years agoVirgil Carter Fine Art
5 years agoMark Bischak, Architect
5 years agolast modified: 5 years agobry911
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