Real Estate Information

Questions You Always Wanted To Ask A Master Builder But Never Had The Chance


Building a house (or lots of them) seems to be an area of knowledge that is kept secret (insiders only), with clients kept in the dark and fed on expensive "cow dung."

A while ago I asked my US readers of my e-book, "Residential Development Made Easy" for questions they would like to ask a Master Builder.

I found a unique individual, Leonard Manion, who has been very generous with his time (he builds in 48 States) who gives answers straight from the shoulder with apologises to no one.

I must also say that few builders would spend the time to cater to these questions and answer so frankly.

Leonard answers are denoted by the ProCustom Home tag. I have kept the questioner's identity private, however the answer has been send to them by email.

Question 1.

My wife and I are planning a new small retirement home. We have in mind a couple of builders in this area, and I plan on asking him these questions.

My wife is very adept at planning and researching. Under what circumstances do you recommend we hire an architect? and Why or why not? (This is not a loaded question. I am not an architect and neither is my brother-in-law. We would prefer to build without hiring an architect.)

Master Builder Replies

This would depend upon your budget. Some architects charge as much as 10% of the budget of a home to do the plans. We don't like to place our clients into a position of hiring an architect until they really need one.

First, the loan, then the land, then the architect. In our case, we have in-house architects and structural engineers. We recommend our clients to hire a Interior Designer (ASID) and have them work with you to design the floor plan which is uniquely suited for how you and your family use space and the style you like.

Armed with the floor plan you would then send it to us and we would create your architect blueprints from it. Blueprints are part of the quote we provide our clients. This way they don't have sticker shock from a local architect.

Question 2.

How much price and quality research re materials can we expect our builder to do or to have done?

Master Builder Replies

This depends upon the builder you hire. For the most part, you can't expect too much. Most builders work in their comfort zone. With materials they're used to working with. They usually won't try something else unless insisted upon by the home buyer or developer. And, then they usually hire an outside source to do this.

In our case, we use current technology and one of the reasons why we are both profitable and successful is that we keep abreast to new technology and want our buyers and developers want in their homes.

Question 3.

Is it reasonable for us to ask our builder to identify his subcontractors and allow us to talk with the primary subs before we contract (and after)?

Master Builder Replies

It is reasonable, however, not very realistic. Subs come in and out of a job site. If one is not available another one is called in.

Instead, you may want to concentrate on ensuring the builder has the proper permits and insurance for building. Especially for workman's comp and for liability.

What few people realize is that they can be held accountable if the builder doesn't have the correct insurance. Let's say that a child comes on to the site after the builder has left. Decides to climb to the roof and jump. Guess who's liable? Check the references of others he's built for.

Question 4.

What do you, as the builder, expect the homeowner to do (other than to pay you as and when agreed).

Master Builder Replies

As the builder, we expect the home buyer to be reasonable and realistic in their expectations. We have made is easy as possible to work with us. We can provide financing required.

We can provide the Realtor to assist you to finding the ideal location. We can tell you the appraised value. And, we can help you find an Interior Designer to help you come up with a visual floor plan.

The biggest problems that most builders run into is when the home buyer to either change what has been agreed to or is unrealistic in what they want. This is why we have our home buyers sit down with an Interior Designer.

The ASID can sit down with you and help you visualize exactly what you want and help you make any compromises you may have to make.

It is very expensive for to make changes. Let's say that you wanted a 17x20 kitchen. Sounds like a big kitchen. Probably too big. However, once the cabinets and appliances start coming in you realize that it's too small and want the kitchen to be bigger.

This may cost you an extra $50k to make those changes. You can save yourself a small fortune by first working with ASID on floor space, storage, placement, design, and style.

Colm Dillon, $1.2 Billion Developer & Author of "Residential Development Made Easy," The Only E-book In The World That Teaches 'Individuals' How To Develop Residential Real Estate, Has Readers In All US States And 83 Other Countries Growing Their Wealth.

Learn More About What This "Guy Who's Done It" Has To Teach You On His 'No Padding' Web Site: http://www.realestatedevelopmentcoach.com/ez

His Motto: Learn It The Right Way, The First Time


MORE RESOURCES:

CBS News

Police: Ind. gunman who shot himself after releasing hostages from real estate ...
Washington Post
VALPARAISO, Ind. — A gunman looking for someone he believed owed him money shot himself inside an Indiana real estate office several hours after releasing hostages Friday, and he died after being rushed to a hospital, police said.
Shots fired at Ind. real estate officeCBS News
Police: Indiana real estate office gunman taken to hospital with self ...Duluth News Tribune
Gunman holding hostages at Indiana real estate officeUSA TODAY

all 759 news articles »


Commercial real estate services expanding in US
Reuters
By Ilaina Jonas | NEW YORK (Reuters) - New commercial real estate brokerages are launching in the United States, in what may be a sign that the market's recovery is durable. Australia's UGL Ltd (UGL.AX), a huge property manager, plans to expand in the ...
Newmark Knight Frank Devencore Issues Spring/Summer 2012 Toronto Industrial ...Marketwire (press release)

all 5 news articles »


Real Estate News: Fannie Mae CEO Search Down to Two
Wall Street Journal (blog)
By WSJ Staff Fannie CEO Search Now Down to Two: Fannie Mae has narrowed its search for a new chief executive to two finalists and could soon offer the position to Timothy Mayopoulos, the mortgage-finance company's general counsel and lead candidate, ...

and more »


Celebrity Real Estate: 'Hunger Games' star, Oprah, DiCaprio deal
msnbc.com (blog)
By Zillow staff Celebrity real estate heated up this week with some big real estate moves by some big names. Josh Hutcherson of "The Hunger Games" picked up a home rich in Hollywood history, Oprah Winfrey is listing a home she never lived in and ...

and more »


Seattle Real Estate Inventory: 34% Drop Is 4th Biggest in Country, Home Prices ...
Seattle Post Intelligencer (blog)
The inventory of homes for sale has always been a leading factor for home prices in national real estate markets. When inventory contracts to a breaking point and there just aren't enough homes for sale to supply the number of home buyers in the market ...

and more »


Real Estate| Apartment complex proposal to go back before Myrtle Beach City ...
MyrtleBeachOnline.com
Tom Maeser, a real estate analyst with the Coastal Carolinas Association of Realtors, said the jump in the foreclosure rate might have to do with the banks realizing it is better to release some of the foreclosures they were holding back, ...

and more »


Real estate figure indicted in mortgage-fraud case
Bizjournals.com
He also allegedly created Cambridge Real Estate Consulting LLC and Chateau Real Estate Investments LLC. Though paperwork filed through the Colorado Secretary of State showed the companies as independent entities, “Capra or his associate, a person with ...

and more »


TMZ.com

Anne Hathaway's Italian ex-boyfriend released from Pa. prison after real ...
Washington Post
An Italian ex-boyfriend of actress Anne Hathaway has been released from a Pennsylvania federal prison following a real-estate scam. Federal Bureau of Prisons spokesman Chris Burke says Raffaello Follieri was released Friday morning from a prison in ...
Anne Hathaway's ex-boyfriend freed from Pa. prisonTheNewsTribune.com

all 159 news articles »


OregonLive.com

How the real estate market is changing: walkability counts a lot more
OregonLive.com
As we enter a three-day weekend when I'll undoubtedly be doing plenty of walking and biking around my close-in Portland neighborhood, this column in The New York Times about changing real estate values caught my eye. Christopher Leinberger, a business ...

and more »


Jupiter FL Waterfront Homes For Sale - Luxury Real Estate - Call 561-339-7003
Sacramento Bee
By Seiss Real Estate JUPITER, Fla., May 25, 2012 -- /PRNewswire-iReach/ -- Anton Seiss is the realtor of choice in Jupiter Florida and Palm Beach County Florida when it comes to Waterfront homes and luxury real estate. Residential and commercial sales ...
Jupiter FL Waterfront Homes For Sale – Luxury Real Estate – Call 561-339-7003NEWS.GNOM.ES

all 4 news articles »

Google News

home | site map
© 2006