Posts Tagged ‘build’

9
Jan

You Don’t Have To Spend A Million Dollars

   Posted by: Mike Garabedian    in Food For Thought, General, Picking The Right Builder

You don’t have to spend a million dollars to have a custom built home.  One of the most common misconceptions about custom home builders is that they only build expensive homes.  The reality is most custom homes cost much less than a million dollars.

1

  

  

 

 

 

 

 What is a custom home?

A custom home is when a family works with a builder to design the floor plan, select the site and designate the amenities and features of their new home based upon their own decisions and budget.

The plans can be designed from scratch or modifications of an existing plan.  The site selection can be in a neighborhood or a vacant site regardless if the builder owns the site or not.

Except for your budget, there is almost no limit to the features, colors, finishes, cabinets, flooring, etc… you can incorporate into your custom home.  There is no design center where you pick from 2 things on a wall.  You dream it, your builder builds it.

What does a custom home cost?

A custom home can cost $100,000 or $100,000,000.  The cost is a composite of the following factors; cost of the land (including preparation), the home size and the amenities & features of the home.

Which custom builder should I use?

The short answer is the one you can work with and trust.  Many custom builders are able to accommodate different styles and price points.  However, not all custom builders are able to manage their businesses as a business.  This is why you see so many builders go out of business after a few short years of building. 

Lowest bid has the most mistakes

In our industry there is an old adage, the lowest bidder is the one who made the most mistakes bidding your home.  This means you may decide to go with the lowest bid on building your home, however, the odds are you are going to pay for it one way or another in the coming years.

Find a custom builder who can accommodate your needs and desires while providing you a top notch home you can be proud to show to your friends and family.

Once you go custom….

Almost everyone who has built a custom home will tell you that once you go custom, you will not want to go back to buying a pre-owned (we call them used) or a tract home again.  Building a custom home will cost you a bit more, however, you are spending your money on the features that are important to you.  You will also enjoy the deep feeling of personal satisfaction of having conceptualized and building something from scratch that no one else (out of 6 billion + people on the planet) has.

Thank You

Custom does not mean spending a million dollars, custom means personalizing your families home so it meets your family’s needs and desires.  Make a list of what is important in your next home and visit with your area’s top custom builders.  You will quickly realize that building a custom home is much more obtainable than you had thought.

If you have a question on how we can help you build a custom home, please feel free to email your questions to our offices.  Garabedian Properties is a full service building firm serving the Dallas/Fort Worth Metroplex.  We offer new luxury homes, premium remodels, green building/remodeling, home care services, storm/roof repairs and commercial building contracting.

Please feel free to leave your comments, drop us an email at mike@garabedianproperties.com or call our office at 817-748-2669. I also encourage you to visit http://www.garabedianproperties.com to see movies on our homes, hundreds of pictures and information on how we can be of service to your family or clients.  Or become a fan on Facebook.

If your family is not quite ready for us at this time, we will be at your service when you are in need or wish to request our assistance.  If you know someone we can help, we welcome and honor your referrals.

  • Share/Bookmark

Tags: , , , ,

No Comments
2
Jan

Ten Reasons To Start Now

   Posted by: Mike Garabedian    in Food For Thought, General, Picking The Right Builder

This was post was inspired by a local Realtor and friend, Mark Pennington, who did a similar list for why you should list your home for sale in December.  This is our top ten reasons to act now on your new home building project or remodeling/addition project.

Reason #10 to act now on your home building or remodeling/addition project. Interest rates WILL go higher and could go dramatically higher as the current rates are at historic lows and inflationary pressures are building in the money supply.

Reason #9 to act now on your home building or remodeling/addition project.  Bankers won’t let builders start any speculative homes so if you don’t see something you like the only way you are going to get it is to start from scratch.

Reason #8 to act now on your home building or remodeling/addition project.  Banks are under increased pressure to book loans OTHER than to builders/developers.  This means making more loans to homeowners who want to remodel or build their own homes.  The programs they can offer today due to the very low interest rates may not be available once rates start to rise.

Reason #7 to act now on your home building or remodeling/addition project.  Over half of all builders and subcontractors have been forced out of business.  The experienced ones who are left are the first to be hired back.  So if you wait too long, then you may have to settle for less experienced builder/contractors building your home.

Reason #6 to act now on your home building or remodeling/addition project.  The Texas Residential Construction Commission has been disbanded so there is no governing agency to oversee builders in Texas.  Many builders who were barred from the industry and others who have little to no experience will be opening up shop once activity resumes in the industry.  Buyer beware has never been more important than now.

Reason #5 to act now on your home building or remodeling/addition project.  New federal regulations being proposed by the President and Congress will add even more regulatory costs to construction projects if passed.  Which means you will get more for your money now. 

Reason #4 to act now on your home building or remodeling/addition project.  Building from scratch takes time to work on plans, make selections, secure permits, etc…  With fewer proven builders in the market and more detailed loan applications, the delays may make it hard for your family to get the current low interest rates.

 Reason #3 to act now on your home building or remodeling/addition project.  The best building sites will go quickly and there are very few new subdividions in the works.  Acting quickly can help prevent you from having to “settle” on a community that was not one of your top choices.

Reason #2 to act now on your home building or remodeling/addition project.  Current construction techniques can save you on your utility bills while giving you space for your family that they have been clamoring for.  You know your wife wants to move forward and if momma is not happy, you won’t be happy.

Reason #1 to act now on your home building or remodeling/addition project.  You have to start at some point so why are you waiting for higher interest rates, higher costs, and fewer choice  lots to chose from?  Procrastination is not going to get you a new home or more living space.  Procrastination is not going to give you the features you have been dreaming of.  Action will!  Calling a trusted builder tonight and start your journey to your new home.

Thank You

If you have a question on the steps to move forward in the process, please feel free to email your questions to our offices.  Garabedian Properties is a full service building firm serving the Dallas/Fort Worth Metroplex.  We offer new luxury homes, premium remodels, green building/remodeling, home care services, storm/roof repairs and commercial building contracting.

Please feel free to leave your comments, drop us an email at mike@garabedianproperties.com or call our office at 817-748-2669. I also encourage you to visit http://www.garabedianproperties.com to see movies on our homes, hundreds of pictures and information on how we can be of service to your family or clients.  Or become a fan on Facebook.

  • Share/Bookmark

Tags: , , ,

No Comments
Back to top