So if the home is empty; no animals, no kids, no people and no furniture, in other words, as close to the condition the builder would face when building a brand new home, the vendors and subcontractors will price the job with lower prices.
This is because the hassle factor has been reduced.
The vendors and subcontractors don’t have to work around the furniture and worry about ruining it, they don’t have to worry about keeping dogs and cats in the house when the workmen go in and out of the doors. They don’t have to worry so much about safety of the little kids, they don’t have to make sure the utitlities are on at the end of each day – the water, the electricity , the heating and cooling.
So when we can get this type of condition, we explain to the vendor that they will be able to work faster and have fewer interruptions.
Plus the construction workers are always trying to be friendly to the homeowners and visa versa, the homeowners want to be friendly to the workers. So what happens is that “hello” in the morning can turn into a 30 minute chat about what the worker thought about the Washington Redskins or Obamas State of the Union or about the pipe burst at the Shady Grove Red Line Metro Station. And the cumulative impact is that the job ends up taking longer.
Now you might say what about the cost of moving out and fining a place to stay?
Well you can rent a pod for I think $80 per month. Also, through good planning the home builder may be able to set aside certain areas in your home that are not being worked on and block those areas off by building temporary protective walls to move some furniture and store it during the duration of the job.
Also, we have temporary homes that we put our clients in that we rent back to the client for $1500 or so per month. These homes are in Bethesda, Chevy Chase, McLean and Arlington (call and reserve these way ahead of time).
We have seen jobs that we estimated 10 months to complete but where the client moved out and we saved 4 months of time.
So when you net out the 4 months of interest savings on a construction loan and the lower unit prices from the vendors, against the cost of moving out, we’ve actually seen savings of $3000 or more.
Plus lots of these homes that are being renovated were built prior to 1978 and have lead paint. So if you have little kids you really don’t want them exposed to the dust particles and it’s just a lot more pleasant not living on a “construction site” for 5 months.
I always joke and tell our clients that they’ll live longer if they don’t live on site!
So when you think about that, this tip is really priceless!
Thinking of selling our home? Call 301-370-6463 – – We Buy Homes.
We are now reserving construction starts slots for summer and fall 2010. Don’t miss out on these low interest rates. Email me at [email protected] to get on our schedule.
Do Want A Custom Home That Reflects Your Lifestyle? Not Some Cookie-Cutter House Plan You Can Find In A Magazine, But A Design That Truly Reflects Your Lifestyle? Check Us Out – World Class Architecture Designed For You. This home has 9 foot ceilings, wood floors, luxxury bath great yard – 13ksf Award Winning Architect and Builder Paramount Construction Homes Starting at $425,000 on your lot – call 301-370-6463 s 9 foot ceilings, wood floor granite tops great design Several new homes under construction – call 301-370-6463 for home tours go here for our homes for sale Or if you already have a lot and you need an award winning architect to create a set of custom home plans click here
Wheeeew…it’s over – – we had over 200 guests visit our Bethesda Open House yesterday!
I want to thank everyone for attending and I hope you liked what you saw.
First, I want to announce the winner of the Flip Mino Camera Drawing – the winner is…
…Mary H. (we’ll be contacting you today and sending out the camera) – Congratulations!
Second, I apologize for not being able to meet with everyone individually and answer your questions.
So I wanted to give you a quick FAQ below to answer some of the most common questions and least technical (which I’ll answer in future emails – like, does the $6500 tax credit apply to building a new home, can you really get tens of thousands of dollars in tax credits with a tear-down and how do you obtain a “Green” LEED rated home?).
Here you go:
Q: Did we create the architectural design and perform the construction of the new home on Berkley Street? A: Yes. We are architects and builders. Kevin is our on-staff, full-time architect.
Q: Is the home for sale or did we build it for an owner? A: The home is not for sale, the home was built for the owner.
Q: Was the home design from our Paramount Portfolio Plan Book or was it custom designed? A: When the owners were checking our references, they visited and met the owners of our Belmont Model and fell in love with that home. However, given the owners unique needs and wants and given the unique characteristics of the lot on Berkley, we created a custom design for the owners.
Q: Do we charge a premium for creating a custom design vs building a home plan from our Paramount Portfolio of over 80 New Home Plans? A: Currently, we do not charge anything additional to create a custom home design.
Q: Was there an existing home on the property that was torn down? A: Yes (we had many questions about the potential tax benefits of tens of thousands of dollars associated with the tear-down, and a subsequent email will detail the benefits and how that works)
Q: What was the price of the Berkley home and what was included? What was not included? A: Price was in the $600K +/- range and was all inclusive – demolition of existing home, excavation, permitting, blueprints, engineering, surveying, utilities, custom selections, etc.
Q: Do you take on home additions and home renovations, as well as new homes? A: Yes. Currently we have six projects of that type in process.
Q: Do you take on small remodeling projects – $50k to $200K? A. No, but given the demand, we are considering accepting a few projects on a very limited basis.
Q: I want to build a new home but I don’t have land. Do you have land or lots? Can you help? A: Yes, we have about 10 lots in Bethesda, Chevy Chase, Mclean and N. Arlington.
I hope this helped.
I’ll be sending out another FAQ in the next few days on some of the more technical issues brought up and we’re working on a video series that will answer many questions at an even deeper level, which will come out in the next few weeks.
Again, Kevin and I really appreciate your interest in what we do and please feel free to email me at [email protected] or Kevin at [email protected] or call me at 301-370-6463 with any questions you have.