Saving a lot of money while building a home on your own lot
In the present economy EVERYBODY is looking for new ways to save money. In this low point, businesses and industries are finding new, innovative ways to market themselves and reduce overhead so they can maximize profitability. In the auto industry, manufactures are starting to invest their money on energy effecient vehicles as rising energy costs have changed demand. Real Estate and Building is seeing a similar trend.
I have recently teamed up with Lake Norman Custom Builder, Greg Fisher promoting a new hybrid building program which focuses on getting clients into a house that they wouldn't normally be able to afford using a full service contract. I have not seen any other programs like this out there and it is unique to the Lake Norman area. Greg has already finished 2 homes using this program, saving the clients hundreds of thousands of dollars. Using this program, you are simply building the home "along with" an experienced custom general contractor. To put it into simple terms, it is a cross between a full service contract and building the home yourself.
The negative aspect of building a home under a full service contract is the high price that you will pay a builder. The negative aspect of building a home on your own is having a lack of experience, the inability to sell within 2 years because of tax purposes, and not having a recommended subcontractor base.
This hybrid program is designed to overcome all of these pitfalls and deliver our client into a quality built home at a reasonable cost.
I recently came across a great article in the Herald which is a local Lake Norman publication. I'm going to put up some of the findings of the article.
- 80% of buyers look on the internet for real estate. - Many homeowners are now trying to sell their homes as FSBO's and trying to avoid paying commission, although homes represented by agents historically sell faster and for a better price. - The best thing to do in the current market is to select an Internet-savvy real estate agent to represent you. - Buyers and sellers should use the internet to find an agent, because if you can find them online, so can others. - It is the time to buy. The inventory is flooded on the market and now is the time to find a great deal.
Some of this information is pretty basic, but it shows that our economy and technology are ever changing and the way of doing things of old, are not always the way of the future. With energy costs going through the roof, people are turning to the internet to locate properties and for low cost marketing. Lets face it, the internet is the future of the real estate world.
For more information on this post, contact your Real Living real estate broker at 704.315.8106.
As an avid reader of Builder magazine, I came across an interesting article called "To go Green, or not to go Green." I just wanted to share some information from the article.
Green building is projected to grow as a share in the overall residential construction market from just 2% in 2005 to between 12% and 20% in 2012. In current US dollars, that's from $7B to $40B-$70B by 2012.
Here is an average one builder has made on the Cost of going green.
Green Items Additional Cost Inspections/Modeling $3,000 - $5,000 2 by 6 exterior wall $4,000 - $6,000 Housewrap $2,000 - $4,000 Asphalt paper over housewrap $1,000 - $2,000 High-Quality Windows $8,000 - $10,000 Blown Insulation $3,000 - $40,000 Tight Duct Systems $1,000 - $2,000 Upgrade furnace or boilers $2,000 - $5,000 Upgrade a/c units $2,000 - $5,000
So you can see that building green can cost quite a bit extra money up front, but can also help you save in the long term. If you are planning on staying in a home for a long time, building green may be the way to go!
DK Construction - Affordable, high quality custom homes in the Lake Norman area.
General Contractors
Greg Fisher has over 20 years of homebuilding experience through his career. Greg has lived on Lake Norman in the highly touted "The Point" community for the last few years. Greg understands the challenges of the current market and has developed a HYBRID homebuilding program designed for the Lake Norman area that can literally save those that want to build a custom home, hundreds of thousands of dollars! Greg served on the NC committee to adopt the International Building code and is also a master carpenter. He believes in using the highest standards to building a new home and uses standards that far exceed the Residential Building code.
Jeremy Adair has built over 175 homes in the Washington DC and Charlotte, NC markets. A graduate of Penn State University and former Project Manager for Ryan Homes, Jeremy understands the pitfalls that come with builder's saving pennies and the strengths and weaknesses of buying/building a production home. Working for a production builder for some time, Jeremy new it was time to switch over to the custom side and focus more on the customer and building a 100% quality home that families will enjoy for a lifetime. Jeremy is also a certified site inspector in Charlotte/Mecklenburg and a licensed Real Estate Broker.
For more information on these Licensed General Contractors and the New Lake Norman Hybrid Building Program, contact Jeremy Adair at 704.315.8106 or at Jeremy.Adair@RealLiving.com.
New Hybrid Home Building Program Introduced to the Lake Norman Area
DK Construction has introduced a new building program that consolidates the strengths of a full service construction contract and owner/builder programs. Greg Fisher, NC General Contractor and Project Manager, points out the problems of owner/builder programs, such as obtaining favorable financing, managing subs, hands on management, and the requirement to hold the house for 2 years before you can sell it. By contrast, those seeking a full service contract will be subjected to the high cost of doing business.
A hybrid construction program was developed to take the best of both programs and help people get the best product at the lowest price. A flat fee of $12 per square foot is charged to the owner. A DK Construction general contractor pulls the building permit, provides cost estimates, manages the job, provides all sub contractors and oversees all county inspections. The home owner acts as a superintendent, aiding in scheduling and paying all bills. The end result is that a quality home is built with huge savings. For example, under this program, local home owners have built high end homes in the $118 to $155 per square foot range. As comparison, most full service contracts in this market are priced at over $200 per square foot.
Home owners are not required to have construction experience. DK Construction's general contractors provide the required experience and consultation to keep the job on track and eliminate costly mistakes; however, homeowners need to allocate an average of 1 hour a day to keep on top of their responsibilities.
With real estate changing, buyers need to buy at wholesale prices to help maintain 80% Loan to Value and protect their equity. This hybrid program does this and much more! For more information, contact Jeremy Adair @ 704.315.8106 or visit www.CharlotteAreaNewConstruction.com.
July 11 - 13, & 18 - 20, 2008 - Sherrills Ford Green Home Tour
Jennifer Pippin will host a Green Home Tour of her Green Home Renovation project for two consecutive weekends, from 10am-6pm each day. We will invite the public to tour the Green Home as a fund-raising event, with proceeds from ticket sales going to 'Our Town's Habitat for Humanity' 2009 'Woman Build' home. Tickets for the event are $11.00 See Green Home Tour for directions and more details.
October 4, 2008 - Charlotte, NC NCSEA Solar and Green Home Tour Tour homes in the environs of the Charlotte area and learn about readily-available building alternatives.
Save hundreds of thousands on your new custom home!
Sitting on that beautiful lot near lake norman but not ready to build a new house yet? Our new custom home construction program can literally save you hundreds of thousands of dollars. Hear from past clients on this exciting program that saved hundreds of thousands on their own custom built homes in the Lake Norman area.
This is different than the Mooresville based Ubuildit program. Our program offers more guidance and you simply build your home "together with" an experienced custom homebuilder that has built homes in well over the $1M range. This reason we can offer this program is the fact that we do not have a lot of the overhead that some of the larger builders/programs use. Use our 25+ years experience and find out how you can build a custom at cost of $12 per sq. ft. contractors fee!
We are with you 100% of the way until the home is completed!
Economic times are difficult and EVERYONE is trying to stretch that dollar out to see how far you can make it last. Right now new construction is the way to go finding new deals and programs around every corner.
I have recently teamed with Greg Fisher, a Custom Builder that is well known around the lake norman area and has over 20 yrs. of experience in the custom homebuilding industry. Together we are promoting the "Build it Together" program which focuses on getting people into a custom home at a very affordable price.
I would like to share with you how much some of them saved by using this program!
So why would you want to build your own home? - It empowers you to take control of your own project - Focus your budget on labor and materials, rather than markup and overhead costs - You can design/customize your home from the ground up - No fees for changes or late upgrades, simply pay the actual cost - Move into your home with EQUITY! - Achieve your 80% LTV using your equity in the program
How much can I really save? - Most custom builders in the Lake Norman area charge $200.00+ per sq. ft. - Our clients have paid between $117 to $155 per sq. ft. depending on level of finish - Under our Program, we charge a consulting fee of $12.00 per sq. ft. - On a custom 4,000 sq. ft. home you pay a builder approx. $800,000 - you can build it using our program for approx. $520,000 That's a savings of approx. $280,000!
Meet your NC licensed General Contractors
Greg Fisher - 20+ years of experience - Served on the NC committee to adopt the International Building Code - Master Carpenter - Green Builder
Jeremy Adair - Has built over 175 homes in the DC and Charlotte markets - Certified Site Inspector (CMCSI) for the city of Charlotte and Meck. County - Licensed NC General Contractor and Real Estate Broker - Graduated from Penn State University in 02'
How the Program Works - The house is permitted to a licensed GC who manages the project to meet all county building requirements - Use the GC's recommended sub contractors or we will help you find others - Utilize our 25+ years experience, solid sub base, and contractor discounts - You pay all bills and supervise construction - With a licensed GC pulling permits, financing is available and you are free to sell the house at any time. If you pull your own permit, you must live in the home for 2 years and you are responsible for your own financing. - Contractor fees are set at $12 per sq. ft. and are paid over the course of construction - No additional fees for changes, upgrades, or overhead. You pay actual cost - Full service contracting is also available - No building experience is required, we provide experience and teach every one of our clients the right way to build a house.
This program allows you to - Use from our high quality sub contractor base - Design your own home - Build on your own lot - Control your own project and get the most for your investment - Move into your new home with EQUITY! - Achieve your 80% LTV with your instant equity - No building experience is required, we provide expericence and teach every one of our clients the right way to build a house
To find out more information on this exciting program contact Jeremy Adair NC Licensed GC NC Licensed Broker Phone: 704.315.8106 Fax: 704.892.9766 Jeremy.Adair@RealLiving.com
I came across an article on MSN today that is called "66 Cities where buying makes sense." It simply runs the numbers on 100 different markets and establishes where the numbers point to buy or rent.
Charlotte comes up in the top 50 places where it makes sense to purchase a home, rather than rent a home in the next few years. The study predicts that if you were to purchase a home today in the Charlotte region that in 4 years you would accrue $27K-$30K in equity.
You are seeing in the study that all the markets that were on fire just a few years ago, are the ones that got hit the hardest. The Charlotte region has a history of stability and growth and still remains one of the better markets to this day. Making money/building equity in buying and selling property is all about timing. The numbers are pointing to now being the time to invest in property in the Charlotte Real Estate Market!
Office Phone: (704) 315-8106
Cell Phone: (704) 315-8106
Email Me
I created this blog to give other's the current real estate news in the Lake Norman area as well as give area information. Also see my blog at www.CharlotteAreaNewConstruction.com
Jeremy Adair
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