Understand What Your Allowance Budgets Mean
Typically in a custom home project there will be "allowance" items, which usually are budgetary amounts that are preset for certain selection items such as flooring, plumbing fixtures, appliances and the like. For instance, if [...]
Custom Homebuilding – Part 4
Be Wary of a Builder-Driven Choice of Construction Lender Many of you that are contemplating building a custom home will likely end up borrowing money from a construction lender to finance the construction. The construction [...]
Custom Homebuilding – Part 3
Minimize the number of owner-hired contractors Sometimes owners want to hire some of the contractors directly. Generally in my opinion the fewer owner-hired contractors the better since if problems arise the builder may attempt to [...]
Custom Homebuilding – Part 2
Consider hiring your own stage inspector(s). You may have little protection from lender-driven and governmental (i.e. permitting) inspections. The lender's inspector most probably will not be conducting quality control inspections, and instead most probably will [...]
Minimizing the chance that your “dream” custom home doesn’t turn into a “nightmare” – Part 1
Many of you may be considering building your dream custom home. I have represented many individuals that unfortunately have had difficulty with this process. I will be providing information on a continuing blog basis concerning [...]
Considering Buying a Home That Has Had Foundation Repair?
Some of you may be considering purchasing a home with prior foundation repairs. The seller or one or more real estate agents may tout the “lifetime” warranty provided by the foundation repair contractor as your [...]