checklists for building new home
dormmom
2 months ago
Featured Answer
Sort by:Oldest
Comments (11)
BeverlyFLADeziner
2 months agoRelated Discussions
Building a new house - value after building?
Comments (28)In our small town in Arkansas, builders are building spec houses that are selling well. However, the houses are more modest than in the past, though still nice, and price points are lower. In our second home ski-resort town in Colorado, its a bit different. True, that this is a unique market being a resort and has a mix of second-home owners and full time residents. The high-end spec. homes were in the 4-7.5M range in the boom. High end spec. duplexes in the 2-5 million range and high end condos in the 1.5-2.5 million range were being built in the boom. This inventory is slowly getting absorbed, but with some faily significant price reductions, especially for the condos). Now the few spec residences are at a more modest scale and lower price points. Only a very few of the higher end(now about 1.4-2.4M) spec. homes/duplexes are in the building and/or permitting phases in prime locations. No condos are buing built, but one developer is building a new apartment complex (instead of condos as originally planned) for long-term rentals and a fabuoulous senior center is winding its way through the permitting process. So at least there is some building activitiy. One builder however appears to be having some success with $220,000 to about $350,000 single family homes in a nearby "bedroom" community about 20 miles out. He bought the entire subdivision from the bank after it had been foreclosed and is now building more affordable housing. In the middle of the boom, the city approved several subdivisions in prime (very prime) mountain areas very near the base of the ski-mountain. One of those subdivisions of 62 lots announced that it was 100% "pre-sold" in the fall of 2007, with waiting lists. Prices ranged from about 450,000 for a .15 acre lot to around 1,200,000 for a creekside lot just under an acre. After all the infrastructure was in place, in May of 2010, 51 lots remained unsold and prices were slashed in half. At that time, a local builder was quoted in the paper as saying that this meant that a 3000 sq ft. home on one of the smaller lots could probably be built for just over 1M. Since that time, 4 lots sold to one local long-time investor, for an additional approx 10% off the already prices. This summer another 30% discount off the reduced prices (making it 65% of original asking) was announced. Five lots quickly went under contract, but four (all creekside duplex lots, I think) have already dropped out. A hedge fund bought another smaller, well located subdivision on the golf course from the bank about 6 months ago and cut the prices in half. No sales yet. I think this tells us (1) land prices haven't bottomed out and (2) until they do (and more remaining inventory is absorbed) there probably won't be any significant spec activity....See MoreIs Building new Home always cheaper than purchasing an existing home?
Comments (11)I suspect that this question really can't be answered in any meaningful way without very specific information. In general, buying an existing home is cheaper than building a home, however, renovating is much more expensive than building. So the question becomes at what point are the costs of remodeling greater than the savings from buying existing, and the answer is simply not that concrete. For starters, some homes lend themselves to additions much better than other homes. Siding vs. brick, crawlspace vs. slab, etc. Additionally, there is the location problem. While it might be cheaper to build a house on an available lot, the total cost of ownership for a more suitably placed home might be lower. Parks, schools, groceries, etc. within walking distance will often make a house more suitable and lower commuter costs sufficiently to make up for the marginal costs of remodeling. Not to mention general quality of life issues when the location of a home enhances the way you live. Finally, depending on location, lot development can be a pretty important consideration. I have personally paused my home design as I labor over an extraordinary piece of property. It is absolutely everything I want, however, it is going to cost me seven figures just to develop the property into something I can build a house on, so those costs can be significant if no satisfactory lots are available. ---------------- As others have said, assuming there is a satisfactory larger home available, it will always be cheaper to find a way to acquire that rather than remodeling, however, if nothing works, you might not have many options. At some point a tear down starts making a lot of sense. I suspect your friends are actually naive about the costs of remodeling and are overvaluing the infrastructure available. However, we should allow that, that might not be the case....See MoreNew Construction Homes - Home Building Options
Comments (23)Kristen we have built 4 houses, the first being a tract builder and could only choose from a few options. The others were totally custom where we provided plans to the builder who then gave us a estimate. Included in his estimate was a allowance for lighting, plumbing, appliances etc. We could choose from stores that he had accounts at which we would pay the “contractors” price. Or we could get them from anywhere we chose. When comparing, we found that the contractor’s price was not significantly higher than the big box stores. See Jeffrey Grenz’s comment above.... it was well worth it to go with our builders accounts....See MoreWe are building a new house, and the workers smoked in the house.
Comments (9)We just got a reply from our project manager that their trades are well aware of the builder's policy of no smoking. They are going to make signs to post around the home to remind the workers and re-emphasize this policy. They will keep informing their trade contractors that smoking is strictly prohibited on our property....See MoreMark Bischak, Architect
2 months agores2architect
2 months agolast modified: 2 months agoaklogcabin
2 months agodormmom
2 months agoFranklin
2 months agores2architect
2 months agolast modified: 2 months ago
Related Stories

MOVINGHome-Buying Checklist: 20 Things to Consider Beyond the Inspection
Quality of life is just as important as construction quality. Learn what to look for at open houses to ensure comfort in your new home
Full Story
GREEN BUILDINGBuilding Green: How Your Home Ties Into Its Community
You can reduce your environmental footprint in a number of ways. Here are some ideas to consider when deciding where to live
Full Story
MONTHLY HOME CHECKLISTSTo-Dos: Your January Home Checklist
Protect your home from harsh winter weather and get a start on your top projects for the year
Full Story
MONTHLY HOME CHECKLISTSTo-Dos: Your June Home Checklist
Make summer easy by getting your home and outdoor gear in shape now
Full Story
MONTHLY HOME CHECKLISTSJuly Checklist for a Smooth-Running Home
Pare back inside while you fire up outside for the Fourth. And why not donate some spare produce while you're at it?
Full Story
MONTHLY HOME CHECKLISTSYour Fall Home Maintenance Checklist
Prep your house and yard for cold weather with this list of things to do in an hour or over a weekend
Full Story
MONTHLY HOME CHECKLISTSTo-Dos: Your May Home Checklist
Get your house and yard in order now, and you’ll be ready to enjoy the summer days ahead
Full Story
HOUSEKEEPINGMarch Checklist for a Smooth-Running Home
Get a jump on spring by spiffing up surfaces, clearing clutter and getting your warm-weather clothes in shape
Full Story
MONTHLY HOME CHECKLISTSSeptember Checklist for a Smooth-Running Home
Get ready to get cozy at home with snuggly blankets, well-stocked firewood, added insulation and more
Full Story
HOUSEKEEPINGTo-Dos: Your May Home Checklist
Dig out that touch-up paint and rotate that mattress in preparation for the lazy days of summer
Full Story
Jeffrey R. Grenz, General Contractor