@@OGtruthserum I don't trust the big tract homebuilders either. But there are some great small time builders out there who do quality work for reasonable prices. They are just harder to find.
My ideal house 1st floor no inner walls huge open space kitchen , island , 1 guest restroom , 2nd floor same exact as living room huge open space with 1 restroom. Done 👏 we build we repair we do everything ourselves.
New builds quality definitely depend if you are hiring a company yourself vs getting a new build from a development company that is building an entire neighborhood, those new development houses are built like straw houses and tend to fall apart after 2 years
I disagree with what you said about existing homes wining when it comes to financing options. I just went under contract for a new build and used their preferred lender to get 20k in cash for closing costs and upgrades. I also got qualified for a higher amount at better rates using the builder's preferred lender. Moreover, the builder's preferred lender is more likely to be timely with documents and communicating with the seller/builder so that you can close on time. I love my loan officer, who is the preferred builder's lender, and the builder owns the lending company. Considering that 20k in cash savings can now be used to do a rate buy down or make a higher down payment or invest in something else, I'd say new build wins by a long shot for financing options if you use their preferred lender.
@@brandon-built THANK YOU and GOD BLESS! It definitely depends where someone is buying. In my area, I haven't seen home builders not offer at least 10k in incentives right now (Spring 2023), but I know some markets are not as good as where I just purchased. What's important to note is that sometimes the incentives aren't advertised online, since they may come and go on a week-to-week basis. So people shouldn't assume that they won't get a massive incentive with a new builder. I'm a glass-half-full kinda gal, and it's been working for me for 30 years :)
@@SelahreeYeah, I'm not sure he had contacted a builder himself. Oh well. When I closed on my home in October, my interest rate was 2.5-3% lower than the national average on any given day.
Looking at building my 1600 sf of just what I need. No one - absolutely no one - designs houses for single adults, post-menopause with no children/grandkids, who have collected a lifetime of interests, such as music, art, and/or crafts. I don't need 3 bedrooms. I do need a 40-foot studio with actual natural light. So, designed my own 1600 sf, 1BD, 1BA in such a way as to be easily converted to a very nice 3BD if ever need to sell. 2024 is the year it will happen. And, yes, it will have a 40-foot studio with ample natural light, stained cement floors, and a topcoat of Anti-Graffiti Clear. Some things I WANT to do myself - paint, grout and sealer, finishing/shelving closets, some interior trim. Found the lot already - under $7K, in an established but not crowded neighborhood, almost half an acre - plenty. Should have lots of yard left over for a garden in my golden years. And I've found the contractor - stellar reputation and quality, plus very easy to communicate with. He was very impressed with what design could be roughed out by a layperson using Microsoft Excel (LOL). I saw no point in buying what will not work for me and saving the build for a retirement only 10 years away. If I have to move within a year, then it is time now. Wish me luck.
@@newkirk7591 depending on the level of demand I guess they are getting away with those shenanigans. If there is a lot of supply then I would call them out on that BS to get the fees removed.
I personally bought a new construction (builder building new neighborhood), semi-detached, for the price of 15-25yo semi-detached homes in the area. Fully detached homes at that price range were either miniscule,
Building a custom house in California is a year minimum starting from scratch with an architect. Design takes time. Engineering. Closing on a construction loan. Permits alone take a couple months before you can even start construction.
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I rather buy an acre lot and then have it built. Lots of trees. I cannot live without trees!
@@OGtruthserum same
@@brandon-built I don't trust new construction, but my dream home design style isn't available to purchase in my state.
@@OGtruthserum I don't trust the big tract homebuilders either. But there are some great small time builders out there who do quality work for reasonable prices. They are just harder to find.
My ideal house 1st floor no inner walls huge open space kitchen , island , 1 guest restroom , 2nd floor same exact as living room huge open space with 1 restroom. Done 👏 we build we repair we do everything ourselves.
👍 That's the way to do it if you have the resources to be an owner builder.
New builds quality definitely depend if you are hiring a company yourself vs getting a new build from a development company that is building an entire neighborhood, those new development houses are built like straw houses and tend to fall apart after 2 years
Very true. I had custom built homes in mind when I made this video as opposed to tract homes.
I disagree with what you said about existing homes wining when it comes to financing options. I just went under contract for a new build and used their preferred lender to get 20k in cash for closing costs and upgrades. I also got qualified for a higher amount at better rates using the builder's preferred lender. Moreover, the builder's preferred lender is more likely to be timely with documents and communicating with the seller/builder so that you can close on time. I love my loan officer, who is the preferred builder's lender, and the builder owns the lending company. Considering that 20k in cash savings can now be used to do a rate buy down or make a higher down payment or invest in something else, I'd say new build wins by a long shot for financing options if you use their preferred lender.
Congrats on your new build! You are the exception on the financing front, not the norm.
@@brandon-built THANK YOU and GOD BLESS! It definitely depends where someone is buying. In my area, I haven't seen home builders not offer at least 10k in incentives right now (Spring 2023), but I know some markets are not as good as where I just purchased. What's important to note is that sometimes the incentives aren't advertised online, since they may come and go on a week-to-week basis. So people shouldn't assume that they won't get a massive incentive with a new builder. I'm a glass-half-full kinda gal, and it's been working for me for 30 years :)
@@brandon-builtat this point in time, builders are throwing in everything... lots of incentives, buy downs, appliances etc😊
Oh wow the interest rate is definitely not higher.. builders are suffering. The interest rate is much lower with them.
@@SelahreeYeah, I'm not sure he had contacted a builder himself. Oh well. When I closed on my home in October, my interest rate was 2.5-3% lower than the national average on any given day.
Looking at building my 1600 sf of just what I need. No one - absolutely no one - designs houses for single adults, post-menopause with no children/grandkids, who have collected a lifetime of interests, such as music, art, and/or crafts. I don't need 3 bedrooms. I do need a 40-foot studio with actual natural light. So, designed my own 1600 sf, 1BD, 1BA in such a way as to be easily converted to a very nice 3BD if ever need to sell. 2024 is the year it will happen. And, yes, it will have a 40-foot studio with ample natural light, stained cement floors, and a topcoat of Anti-Graffiti Clear. Some things I WANT to do myself - paint, grout and sealer, finishing/shelving closets, some interior trim. Found the lot already - under $7K, in an established but not crowded neighborhood, almost half an acre - plenty. Should have lots of yard left over for a garden in my golden years. And I've found the contractor - stellar reputation and quality, plus very easy to communicate with. He was very impressed with what design could be roughed out by a layperson using Microsoft Excel (LOL). I saw no point in buying what will not work for me and saving the build for a retirement only 10 years away. If I have to move within a year, then it is time now. Wish me luck.
You know exactly what you want and how to get it. That's awesome. I'd love to hear how it turns out.
Absolutely right
just took a look at some new builds and the closing costs were Double the costs of an existkng home, ridiculous.
What were the additional fees if I may ask?
@@brandon-built from what i understand from someone i know in that industry, the builder tacks on some of their fees on there without your consent.
@@newkirk7591 depending on the level of demand I guess they are getting away with those shenanigans. If there is a lot of supply then I would call them out on that BS to get the fees removed.
I personally bought a new construction (builder building new neighborhood), semi-detached, for the price of 15-25yo semi-detached homes in the area. Fully detached homes at that price range were either miniscule,
12 to 18 months to built a house lol. At most 9 months! Come on now.
Building a custom house in California is a year minimum starting from scratch with an architect. Design takes time. Engineering. Closing on a construction loan. Permits alone take a couple months before you can even start construction.
My boyfriends mom has been in the process of trying to build for over a year now they haven’t even broken ground yet
Took us 3 years in Seattle
Seen one built in 5 months here in Tucson!