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Buyer’s Remorse in New Construction Home Purchase
New construction home buyer gets buyer’s remorse and wants to buy a different home. Q: I signed a contract two months ago for a newly-built house with a leading builder. The home will take about four months to build. The …
Construction Spending Report for July 2011 Less Than Exciting
Earlier this month, the U.S. Census Bureau of the Department of Commerce released new data regarding construction spending during the month of July 2011. As is the case with the majority of housing and construction data that we’ve encountered in …
U.S. Non-Residential Construction Decline An Important Economic Indicator
Anirban Basu wants the public to pay more attention to U.S. non-residential construction. “These non-commercial projects are how countries are judged,” he said, during our recent conversation about how non-residential construction, anything that is not housing, which includes roads, schools, …
Find A Good Builder For New Construction Home
Trying to find a good builder for a new construction home? Finding a good builder is important because you spend a huge amount of time with a builder and put complete trust in them to do build your new construction home. Selecting a good builder is the first step in a new construction project, you should also hire a good real estate attorney with experience in new construction contracts.
Condo Association Fees, Dues, Lawsuits Can Strain A New Buyer
If you’re living in a condo, you will have to deal with the condo association and all that comes with it, including condo association fees, dues, meetings, rules, and if the condo association gets involved in a lawsuit, it can become even more complication. Especially if you’re a new buyer, you should receive disclosure about any lawsuits the condo association is involved with before you buy. If you do not request or receive such seller disclosure, you may be able to get out of paying some costs, or get out of the sale itself.
Is Anybody Building Anything These Days?
Architecture design jobs are looked at as a good predictor of where the construction industry will be in the next year. While other segments of the economy might be showing signs of life, architecture billings are down, predicting a very slow next year in construction. However, some people are still getting jobs and working on construction projects. Economist Kermit Baker discusses what the architecture numbers mean, and what’s happening in the construction and architecture industries.
Backing Out Of New Construction Home Contract
Home buyers are having second thoughts about a new construction home they purchased and want to back out and receive some of their money put down back as well. The selling agent for the new construction home has told them cancellations are not allowed, but the buyers say that is not part of the contract. A real estate attorney who specializes in new construction litigation can help these buyers determine if they can back out of their contract.
Renovate Or Start With New Construction?
How should you make the decision to renovate or gut rehab your existing home, or if you should tear down your home and start from scratch with new construction? Good builders can make a renovation just as good, if not better, than new construction. The price of completely renovating versus new construction will be about the same, as well. To make the decision to tear down or renovate, you need to think about what kind of benefits, like size or amenities, you will get from both options.
Teardown Projects More Common For Builders
Teardowns have become commonplace in many parts of the U.S. where the value of the land is worth more than the property that sits on it. When a property is purchased as a teardown, the one home is replaced with two or even more. Teardowns are a way for developers to maximize profit in in-fill communities.
What Needs To Be Included In A Contractor’s Bid?
Before starting any sort of major home renovation or remodeling project, you will want to get bids from contractors and compare price estimates. A bid from a contractor should not be a single number estimate. You will want to see a detailed, multi-page report with a line item for everything that will go into your home remodeling project. With a detailed line item report, you will be able to better estimate your costs and plan for changes later in the renovation project. Watch this Expert Real Estate Tips Video for more help with how to prepare for a home remodeling project.
