building: Red Lines and Blue Tape - 12/28/14 01:01 AM
New home construction is a markedly different process than buying pre-owned housing. Whether buying a spec home (built to the Builder's specificiations, also known as an 'inventory home'), or whether starting from scratch -- new home construction has its own timeline, vocabulary, and rules.
Two important meetings that take place between Buyers and Builders include the Redline Meeting, and the Blue Tape Meeting.
Because of the reference to colors, combined with word familiarity of other common real-estate related vocablulary like 'blueprints' and 'blue line survey', these two meetings often introduce a bit of confusion for both Buyers and their Realtors®.
The … (21 comments)