To Build Or Not To Build....That Is The Question! ...Now Here is my Answer!


This is the post I wrote back on 7.23.11 ...........The comments were great!  Scroll down to the bottom to see what my answer is!


We all know it's a great time to buy an existing home....good supply, lower prices, and great interest rates! The big question is...."Is it a good time to build"?

Some people say because of all the recent storms across the country that building material has sky rocketed.....BUT...

My personal opinion is that it could be a great time to build if you follow some simple steps. With new homes being built at a slower pace than in the past you may just find a builder who is ready and willing to build your dream home at a reduced price...

Here are some important things to consider if you decide to build.....

Home Builder

  • Have a great Builder lined up.....check out other homes he has built. Talk to those people....see what they did or didn't like about the process.
  • Lock in your loan....some institutions give you up to a year to build once you lock it in.
  • Take your time...do not be in a hurry to get started.
  • Go over and over and over your house plans...make changes before you have your final plans drawn up.
  • Know your City or County building codes....Know where to go and who to ask when it comes to permits before you get started.....this will save a lot of time unless your contractor can take care of them for you!
  • Interview several building supply companies...this is a must! It is imperative that you have someone you really like and trust who will stay on top of your project so that they have the material on site when needed....you don't want any downtime waiting on supplies...plus they can save you a lot of money by knowing where to get certain items.
  • Go see other homes that are built with same material you are thinking about....example hardie plank vs LP board.
  • Check out those trees.....if you have doubts about certain trees on your lot being a safety issue in the future then take them out before you start. It can cost hundreds more to take them out once your home is built.
  • Try to have your lot paid for before you build....It may take a little while but, it will be a lot less stressful!
  • Try and save 20% of your estimated building cost.....Not everyone can do this but, if you can you will be way ahead of the game!

Home

By taking the time to follow these simple steps you can possible eliminate a lot of arguments and stress during the process...


AND NOW THE REST OF THE STORY!

At the time I wrote this post my wife and I were in the process of getting ready to build the home of our dreams!  We found a house we loved and designed it completely to go on the lot we had purchased the year before.

We had the blue-prints, the builder ready to go, the lot had been graded and we even had the building supply list confirmed and ready to go ......

UNTIL!

We were standing on the site one night with all involved and it hit me that there was no way that I could handle my job and client responsibilities and my relationship with my wonderful wife if I took on this project!

SO~

My wife and I went back to the home we had patterned this one from and the one we had fallen in love with months before and made them an offer and they accepted .....and we closed today!

We love this house!

So .....my hat goes off to anyone who can go the distance and build!  It just wasn't right for us and we are as happy as can be!

Give me a call today and we will find the home of your dreams!

And Remember For All Of Your Real Estate Needs In The Bristol Tn Va and Surrounding Area....GoWithRobThomas.com
or Give Me A call at 423-341-6954

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Remember that life is not measured by the number of breaths we take ....but by the number of moments that take our breath away!

Have a great day!

Rob

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Most of all, You need to know that I truly love what I do! 

No one anywhere will work harder or smarter for you than I will!

Give me a call today so we can get started and make your dreams come true! 

 

If you or someone you know is thinking of Buying or Selling Property in the Bristol, Bluff City, Blountville, Piney Flats, Johnson City, Gray, Jonesborough, Abingdon, Kingsport, Elizabethton or anywhere in the Tri-Cities Tennessee-Virginia area---or if you would just like more information about our area then please give me a call at 423-341-6954, visit me at GoWithRobThomas or email me at RobThomas@GoWithRobThomas.com

Licensed in Tennessee and Virginia

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Prestige Homes of The Tri Cities, Inc. 701 Bluff City Hwy Bristol, TN 37620

423-341-6954 or 423-217-0346

Information and Photos are the property of this author and are only opinions or personal views and may not be republished without the permission and written consent of Rob Thomas. The opinions and views are not guaranteed and may be based on information collected from several sources, and may be time sensitive, other comments, market reports and stats may be from MLS statistics. It is not necessarily representative of the views or opinions of Prestige Homes of The Tri Cities, Inc.  Information on properties for sale may have changed, expired, been withdrawn or may have been listed with Heritage Homes at Sixth Street Inc.  If posted prior to December 30, 2011. Go to www.GoWithRobThomas.com for current status.

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This post has been included in Virginia Real Estate News Washington County, VA Real Estate News Bristol, VA Real Estate News Country Walk (Bristol, VA) Real Estate News
Post is included in group: 2011 December 31 Day Posting Challenge Group
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10 Comments on To Build Or Not To Build....That Is The Question! ...Now Here is "my" ANSWER!

DEC
02
2011
947,782 Points 8 Featured Posts Outside Blog Called Shot Master

Great post...and I agree with you...an excellent time to buy undeveloped land and to build...that's where the "real deal" is, right now.
6:54pm • #1
759,881 Points 37 Featured Posts Outside Blog Called Shot Master

Li ....Thanks for stopping by!
6:58pm • #2
546,351 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Evening Rob

Thanks for the post and information. Have a great day
7:09pm • #3
273,187 Points 8 Featured Posts Outside Blog Called Shot Master

Hi Rob - There is really much to be said for buying a home that is already up.  As you say, you can't take it on in the manner in which you proposed if you want to maintain sanity and balance in your life.  It is rather like taking on a fixer upper--it always turns out to more than expected.  Enjoy your new home, and make many great memories there!  Kudos to you for being honest with yourself!
9:39pm • #4
1,099,703 Points 25 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Rob, if I had it to do over again, we would look for a house and not build. Once we bought the lot, found the builder after interviewing three, we started the building process. Every weekend that year we drove from Arlington VA to Lewisburg WV (4 hours ) to check the process, talk to the builder, selection items, etc.  It was a BIG headache and I was still working.  Lesson learned....if you don;t live in the area where you are building...move there and rent a place short term...will definitely be easier on all concerned parties.
11:24pm • #5
DEC
03
2011
213,407 Points 5 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Rob: Very interesting post, with a twist ending. Building is not for everyone - time and patience are huge factors.
5:00am • #6
670,111 Points 8 Featured Posts Outside Blog Hit Router Called Shot Master

So I take it you were straddling the fence and decided to go on one side and then the other?  You remind me of a client that can't make up ther minds and do a flip flop...  Enjoy your new home my man.  By the way it's going to snow Tuesday here and it's headed your way
6:45am • #7
759,881 Points 37 Featured Posts Outside Blog Called Shot Master

Patrick ....Thanks for stopping by!

Chris ...I agree totally ....Thanks!

Rebecca ....I know that had to be hard!  Thanks!

James .....Exactly!  We are moving Tuesday ....let it snow!

Hope you all have a great day!
6:54am • #8
563,987 Points 10 Featured Posts Called Shot Master

Some are meant to build, some are not! You did what was best for you. Had a client one who decided to build on the right lot with the right builder and the right design. Just short of 100 change orders later she had almost exactly the same house as she was living in! She made a mistake! Enjoy your day!
7:33am • #9
759,881 Points 37 Featured Posts Outside Blog Called Shot Master

Wayne .....a lot of people do .....Thanks!
7:37am • #10


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Rob Thomas Bristol TN-VA Agent, ABR, GRI, e-Pro

Bristol, TN

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Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954

Address: 701 Bluff City Hwy, Bristol, TN, 37620

Office Phone: (423) 217-0346

Cell Phone: (423) 341-6954

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