Saturday, May 9, 2009

Timeline to Build a Custom Home



One question we get asked early on is how long does it normally take to build a custom home. I like to break that up into four components usually.

1. Planning Stage: This is the moment you finally sit down with an architect and begin to draw up plans. This process can take anywhere from 30-90 days based upon revisions. I'd say the average time though is probably about 60 days.

2. Site Prep and Clearing: This is a stage where we prepare the lot for the home. This generally takes about 1-3 weeks.

3. Construction: This is the part where we actually build the home, plan for landscaping if any and prepare for final inspections. This can take anywhere from 6-8 months usually depending upon complexity and weather.

4. Final Inspections and Closing: This is the part where we invite third party inspectors and do what we call "punching out" the house. We like to get ultra critical at the end and make sure the house is tight and free of final concerns. Of course, there is usually post move in follow-up at certain points within the first year to make sure the homeowner is satisfied.

Wednesday, April 22, 2009

The Importance of Home Inspections

One thing you may want to consider before moving into a new home is to hire the services of a third-party inspector.  The purpose of an inspector is to come into the home for a few hours and stress it out.  What I mean by that is make sure to the best of their ability the home is safe, to code and livable.  The reports can get fairly detailed and the best ones that I have seen actually have pictures of the items that require correction and have inserted arrows pointing to the alleged defect.  They should normally cover things like framing, electrical, plumbing, insulation, appliances, HVAC and some cosmetic features.  When you get your report, it should be clear and legible, and refer to the specific code defection by chapter and verse.  Most builders will use this as a guide to "punch out" the house, or correct the items once agreed upon by the home owner and inspector.  It is an excellent resource for homeowners who may not know the latest codes and gives peace of mind before moving in.  As a builder, we are not at liberty to suggest an inspector because it could be construed as collusion.  So the best way is to ask around, consult the phone book or ask for a referral from a trusted real estate agent, title company or friend.  There is also a list of qualified inspectors at the Texas Residential Construction Commission website.  

Thursday, April 9, 2009

Average ROI for Renovation Projects

Renovation Average Cost Resale Recovery
Paint $700 200% plus
Add a Bathroom $10,000 96%
Add a Fireplace $4,000 94%
Kitchen Renovation (minor) $8,500 79%
Kitchen Renovation (major) $24,000 70%
Bathroom Renovation $7,500 69%
Add a Skylight $4,000 68%
New Siding $7,500 67%
Add Insulation $1,750 65%
Addition $35,000 62%
New Roof $4,600 61%
Deck $6,000 60%
Greenhouse Addition $17,000 56%
Replace Windows /Doors $12,000 55%
Add a Swimming Pool $24,000 39%
Source: National Association of the Remodeling Industry