Dave Ramsey's Guide To Building Your Own Home
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- Опубліковано 29 вер 2024
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Work with a trusted real estate agent who can help you with building your new home: bit.ly/3sZJYtb
Yes! As a former real estate broker, use a buyers agent!!! It truly doesn’t cost YOU anything, but you are protected.
THIS JUST DIRVES ME CRAZY!!! Pretending that you have performed some miracle because you've worked with a builder, and architect, etc.... I've done major construction without a builder or an architect. I dealt directly with the bricklayer, the floor layer, etc. This is just ridiculous. If you have project management skills, you don't have to deal with all these middlemen. Admittedly, the US laws on codes and regulations make it an horrific experience. but that's more a reflection on the US than what makes sense to do.
This process Dave described is exactly how our house-building process went. I would add that another piece of paper required is a detailed estimate outlining all parts with serial numbers. This forces you to pick out materials before the project starts and ensures accountability to the budget.
Thanks for this @yamamancha
I’d go back into building professionally again instead of just building spec homes on the side of the clients would follow your advice
Material costs fluctuate
@@hawktuft7028 It's called an estimate for a reason.
I believe you mean part/model numbers. Serial numbers are unique.
I built my house back in 2000. I did a lot of the work myself. Skipped the contractor and hired subcontractors. I bought and old backhoe to dig a full basement on my 40'x28' two story house. Took me a year to build but only cost $60k for material and labor. The only permits i had to buy was electrical and septic. I built outside the city limits on land I already owned with an old house that i lived in. I sold the old house with 2 acres and recooped most of my money on the new house with it's 8 acres.
Pete S how big is the house you built? It’s costed 60k to build your home?
Pete S you are an inspiration sir.
General Education TV why move from Cali? I live New York City. Never been away from the east coast but just curious. Why leave Cali? I thought everybody wants to move there cause it’s where Hollywood is.
General Education TV Good point. 😂
Pete S post a picture of it
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
I work in the construction industry as an engineer. Dave nails it. All this is good and 100% true. Make up your mind and stick to it. Make selections, keep your single point of contact with the Prime Contractor. Contract documents include the contract itself, drawings, schedule, and budget. On bigger projects than a house you use specifications too, where you have to select everything before you even bid out the work.
Don't be the bottle neck. Great advice.
My wife and I built our own house in 2000. My background was a book and two how-to videos. The banker said we were more prepared than anyone he has seen. Built it in 11 months to perfection. I plan on doing this again when I downsize. Education, planning, budgeting. Great advice Dave!
Any recommended reading/viewing materials for someone who wants to do the same? I would like to be just as prepared!
@@anjin77 you can find anything for this process on Amazon nowadays or at book stores. The videotapes I viewed were from the PBS series Hometime, back in 1999. We began to plan six months before the lot was purchased. Best of luck Les!
did you have trouble getting homeowners insurance since you built yourself?
Not at all at the time
I'm happy to say that even though I didn't pick out the exact materials ahead of time I never had to change anything, but I do wish I had made the builder adhere to a schedule, but in my case I'm not sure it actually would have helped much.
My project was one born out of no longer having the income to sustain the rental property we were living on due to the passing of the main breadwinner of the family, one of the very earliest casualties of Covid in Feburary of 2020. Used the small life insurance and big chunk of my inheritance to have a 550ft efficiency apartment built on the land of the house I was now living with my grandmother, which was only a 2 bedroom home built in the 40's which now three people were living in...
Because of the timing of the construction, however, schedules were completely out of the window because of availability of parts and materials. I had to wait 4 to 6 months just for glass because it was literally impossible to get in my area due to the pandemic and the amount of construction and window replacements that were already underway in my area. My builder, at the time of building my little house, was also working 14 other projects at once, and he's a damn good builder but he was in incredible high demand, which meant we got put on the back burned a bunch of times in addition to the issue of material availability.
Material shortage was so bad I was having to wait a significant amount of time on amazon for even just normal door handles and basic stuff like that, not to mention the lumber was not only in extremely short supply at the time but a single pylon of lumber was up 3x the price of what it would have normally been in other circumstances.
It took a year and a half to two years to have it built, inspected, and moved in on a project that probably should have been done in 6 to 8 months.
It was a nightmare, but I'm glad I'm here..
The piece about change orders is very true. They are hard on everybody. It’s especially hard on morale if it means having to undo work that’s well done.
Let me tell you something about that schedule of the build dave. When's the framer showing up? When's the painter showing up? When is the drywall showing up? When's the floor man showing up? All those people are me so I don't need that schedule. I'm building the whole house from top to bottom. But thanks for your advice dave.
We are building. Supposed to be done next couple weeks. Ours was on our own land. Not a subdivision. Had property a year and a half before we started. My sister worked with my dad for a year coming up with the blue print. She is a draftsman with our builder.
We didn’t have a detailed scheduled but did have a date it was to be finished. It was on our papers with the bank. We had a one time close. We had everything picked out before the bid went to the bank. So we haven’t had any big change orders. Just a few tiny things that were not anything expensive.
We had everything picked out in May. Started building in August after our house sold.
My dad is over there every day. Our builder used a ap called builders trend. We knew what days stuff was going to be done. My dad was a project manager. He always communicated with the contractors.
It will only have taken six months to build it. Everything has run smooth. Very few issues.
I would love to see you do a video on construction loans. One time close verses two time close.
Christine C hey there! Do you mind telling me what bank you used if you didn’t pay cash?
Brea Albritton We used a local credit union in northeast Indiana called three rivers. They were excellent and everything went smooth. We moved into our house last Friday.
Christine C that’s so awesome!! Our bank was great during the land purchase but another location handles the construction loans and I’ll just say the process has been less than exciting. Our interest rate went up twice and our appraisal came in lower than expected bc they’re aren’t any good comps in the area. So basically everything has gone out of control and we’re about ready to back out. It’s pretty sad and idk what we will do if we don’t build this house... we’ve put off having kids to get this done and now we feel so defeated 😕
Brea Albritton That’s very sad. We paid off our land when we sold our house. So we have 100k in equity. One thing is you dont want to put money into your mortgage that are upgrades that won’t matter. We bought all appliances with cash. We bought all our light fixtures on our own. It was very simple since when we closed on construction we also closed on permanent. Our builder called credit union when it was done and we had closing 2 days later. They updated credit scores and verified income a second time right before it was finished.
Because we went and picked everything out at the design center before it went to bank we had no suprises. We only ended up owing the builder 29.00.
I'm showing this to all my clients from now on. I am doing specs for EXACTLY these reasons
Based on my experience in the building industry, no one building a house does this, but they should! I've had contractors tell me crazy stories about customers they work for and I've witnessed a lot of craziness from both sides too. If you do it this way, should keep everyone, including yourself in line
Hard part is looking at the actual costs. We build my grandmas house. Materials cost just under $40,000. However with all the hours we put in....it added over $100,000 worth of $ we would have made at our own jobs. So if you have weekends off and have lots of spare time building isn't bad. But when you personally build your own house then you are committed. You can't stop half way.
I'm an apprentice carpenter and I have to say... this is sage advice, but I don't think we've ever had a client that had heard it before.
This is the best attitude advice to send to my dad, I hope he sees it when I send it
My big question - I have a rough floor design, I have the switches, outlet, appliances, framing, doors, HVAC, ERV, faucets, tile, cabinets, Breaker box, Roof, flooring, carpeting, interior wall insulation, roof insulation, exterior wall insulation, basement (ICF), every window selected. I have the driveway width and length selected. I know the max price I pay for the land. What I don't have is the slightest idea is how much it will cost to build the house. I looked up a ton of sites that give estimates - unfortunately I have no more idea now then when I started how much the house will cost. Apparently I can estimate it will be between 375,000 to 2,825,000 to build the house. Where do I even start to figure out the cost/budget?
You take what you have and bring it to the builders. Ask them their price to build your house.
And if you don’t mind me asking, how did you go about figuring all of that out? That’s the step I need to be taking at this very moment.
I don't like to over spend to sticking to the budget and NOT changing one single thing to possibly make me go over budget is not something I want to do. Also I love the idea of sitting down with the builder once a week.
Hey hey hey! I love you dearly so I need to set you straight. Designers like myself, not a decorator (I went to school for this stuff!) save my clients thousands every time!
I love working for customers like you!
Okay, I’m taking as u build homes. Can you tell me looking at a floor plan is there any way to tell if I can make it ICF? I found a plan I like but m not sure if it I could use ICF or not.
Thanks...and wish you could be both right and kind.
What's the process for getting the money to build? Is it the same as getting a mortgage?
How do I find out the zone codes and stuff to get permits
When Dave built his 18,000 sf mansion on a hill in a gated community in Franklin....he had a contractor. He also had armed guards on site 24/7 and high tech video surveillance.
Remember, the only place Dave wants you to use your credit card is on his website.....
SoManyBasses 🤣😂
Three years late on this one,but this is invaluable for my!💕
Currently 19 here. How much in terms of USD do you need to get a project like this rolling?
So if not getting a loan and I have my lot will I still need a realtor? When we go pick and get everything will I get builders discount if I pay for things and not the builder? 😊
Schedules look good on paper but don’t really apply in the real world. We stick to the general rule of thumb that we allow 6 months for construction but realistically we may complete in 4 months.
If you’re looking to build a house in PA jet me know I’d be glad to get you started!
hi, I am actually looking to build in hawley PA
Hi! Should we have a separate bank account to disburse funds to the builder?
Excellent advice Dave, especially on picking out fixtures etc.
Smart builders are Spec builders.
Some decent advice here (and some just incorrect).
Changes= DEATH.
Death to timelines, death to budgets, and death to relationships.
One thing not addressed: marital standing.
If you are on shaky ground with your spouse- building a house will finish off the marriage. It’s a commitment of time and effort. And some stress. Most “normal” people have no business dealing with home construction. They are somewhat ignorant, naive, and unrealistic. That’s the facts, Jacks.
I really should have watched this before I started hurricane harvey repairs...still rebuilding.
Great content, so accurate. Thank you for sharing.
Why is the schedule so important though
I am the builder and the roofer and the sider lol
"I mo killer" lol
I want to do a garage conversion with reclaimed materials and do some of the labor myself.
This has very little to do with building your own home. This is entirely about paying other people to do everything for you. Buying a floorplan in a subdivision is nothing like building a home yourself.
colormesarge Your Right
I agree. It’s like come on forget all these agents and garbage just build it yourself.
@@dylanharper7529 I get it. You have to be a MAN to build it and those are in short supply.
BEST ADVISE EVER!
Contractors can not afford to milk the job the longer they take the less money they make
I feel silly listening to this. I want a new updated kitchen. No walls removed or addition, but bring the room up to current 2019; remove the crumbling wallboard that's peeking out from the paint that is gone......my husband and his 'team' knows how to do it. It will cost me about $10,000. He's saving us a lot of money, so why am I all nervous about the project not going well? I need to calm down a bit. Have a glass of wine.
The education of an Architect is quite extensive and for you to dismiss them as you have, IS A MAJOR DISSERVICE to all those that watch this video. To be called an “architect” you must be licensed. This requires minimum supervised work experience of nearly 4000 hours in all aspects of planning to construction and 5-7 major tests that take 2 years studying after a 5 year professional degree or 7 year masters degree. Not to mention the YEARLY continuing education requirements of holding an architectural license and insurance. You would be a fool to choose a Buyers Agent over an Architect. Agents get their credentials in just weeks with no work experience. I know you said “find yourself a good buyers agent” but without qualifying that statement it has no value to the people watching. That is an impossible task, buyers agents don’t have any real credentials/education/code of conduct in construction. And so called recommendations from friends/or someone that built 1 house does not a qualifier. Some Architects specialize in “Construction Administration” and have valuable insight in pricing and cheap substitutions that the GC wants to push on the client. It’s the Architect’s job to protect the interests of the owner.
Also, if you use the term “Blue Print” these days, it will tell the G.C. (The guy making all the money) that you don’t know anything and can easily squeezed for more money. The term “Blue Prints” (multiple), died like 40 years ago. The proper term is “Construction Documents” and it includes plans, sections, elevation, details and specifications. Recommending a Good Buyers Agent ( what ever that means) is poor advise.
I was hoping for this to be: "don't"
Man great advice!
Great!
Some people build a tiny house
Tiny people?
Zac Golus look it up. No rent
I’m building a house to move in 😂
this should be titled "How to contract a builder".
1. Buyer's Realtor
2. Project blueprint
3. Detailed schedule
4. Budget
5. Select the fixtures
6. Stay in your lane
7. Don't drive builder crazy
8. Have a clear path
Good luck on the detailed schedule! Been building houses and dealing with contractors for 40 years, the detailed part will often simply not be possible. Flexible detailed schedule, sure, or build in buffer hours/days where contractor run together in an area.
Buyer's realtor, everything they do a good GC can do without the added 1-4% overhead.
Detailed schedule is there to help understand where slips are going to impact the overall project.
Get the contract and costs right and then 'Drive the builder crazy' if that is what it takes to get what you contracted....this is the largest purchase of your life---treat it as such and NOT like buying a dish washer.
@@wd269 good point
Every one gets paid on Friday I guess 👀🤦♂️🤦♂️💭💭😩😩2-3 change orders oh 😯
My dream is to own land and build my own home I’m glad I have DAVE to give me that dad advice
Same
Thats my dream too! I can actually do a lot of the finishing work myself because I’ve worked doing trim carpentry, installing doors and windows, building cabinets and installing fixtures. Dave is really helping me get to a place where I can achieve my dream.
Omg me too. And we will make it happen. We must!!! 💕
Me too and it’s on my vision board too
I'd suggest buying one that's already built first. Live in it, breath it, feel it. make a list of things you like and don't like. THis way when you to build your house you will have a better feel for what things you want. look at lots of plans. But if you look at too many they will all start to look the same. Our home is 2700 sq foot. big enough, but i'd lay things out a little different. I'd focus more on storage in a space. big is great, but it doesn't give you storage. I'd have smaller bedrooms with bigger custom closets, custom mud room and a custom pantry rather than lots and lost of cabinets.
I feel like dave is my dad talking to me... ok dad
Hashtag Addictt seriously lol
OMG SAME 😂
Exactly!!!
Me too! I like it he’s real
He's so annoying.
I’m 16 right now. I’m watching this video to be prepared and to have the knowledge that I need to be able to build my own house. It’s been my dream forever.
Don't give up on your dream. Rely on elders and take your time.
Same here
Dont get married lol
I’m 13
blaze, why not?
I am general contractor, and everything David said is 100% true. Facts.
@Lauren Romero how old are you?
@@Turin-Fett how old are you?!
@Borp,
How old are you?
Sorry I couldn't resist.
@@christopherbeddoe406 how old are you?
Facts ?? How old are you ?
The schedule is very important. If you don't have a schedule, the workers will milk the job.
The contractor won’t milk a job. As a contractor I can tell you that time is money. The longer it takes the more money a contractor loses. Cracking a whip on a home builder is ridiculous and very immature and counter-productive
@@toddkennedy449 Just make sure your boss, the homeowner, is kept 100% informed and communication is constant and ongoing. Then you won't have to worry about that cracked whip!
@@toddkennedy449 Time and material or cost plus you have to watch the job and try not to change too much stuff and just let them know what you want when the time comes. be the boss if your owner builder. If not like brnt034 said, communication is key.
Really? Are you paying them hourly? Just stop.
You'd be surprised how many people forget to take this into consideration.
As a paint contractor Dave had me rolling during this segment. So many times people want to change their minds on paint colors AFTER the paint has been painted on the walls. Killing me smalls! Lol
Then they wanna go off on the contractor for the cost going up when they make changes after things have already been installed. Yikes
Painter here... Can confirm lol
Like the video. I've built a couple thousand homes and totally agree with the idea of the schedule and budget being massively important. I would also suggest getting as much education as possible about the building process to hold your builder accountable...some are good and some not so good. Stay involved. Hire an inspector or architect to check things out just before drywall. I agree with Dave here in that so many people hire a builder and then they show up every day to check things out. If you can't find a builder you trust and you have the time, build it yourself as an owner builder. You'll put the time in but you'll also save the money.
As a former contractor, my two favorite words- change order
shaverlocal olo
Ditto.
The sweetest words in the world !
Well, Those words can be a nightmare. Positive Change orders depend on what it is and if it’s going to extend your dead line because of some stupid undeceive decisions therefore not making the profit you should due to time extension and Even if you charge more the scheduled time may be a affected and not worth the money or the headaches.
@@CesarLopez-iw3wm I agree about the nightmare part...
I was expecting a 2 second video.
“Advice for building a house!”
Dave:DON’T!
"Sell the car."
Hehehehehe
Don't pay your contractor until you get conditional and unconditional lien releases. And make sure your contractor doesn't touch your site until the land loan has recorded.
The short answer is: It means that you always have to protect your property against liens, whether for your own protection or to protect your lender - so they can stay first.
The shorter answer is: It's too long to explain with clarity in a comment. You'll have to look it up.
I’m a production home builder and used to work in the custom home business. Now looking to build my own house and about to get my residential contracting license. Hearing Dave talk about change orders and how you the homebuyer should conduct yourself was so refreshing. Find a builder you trust, and trust them to handle the process. Starting to go grey at 27 but I’m still loving my career choice in building.
I was the GC, the electrician, plumber and general labourer on mine. Saved a fortune.
nice, how did it turn out?
Ok first of all I need you to sell all your vehicles and walk to work. then take all your popsicle sticks and we will use those for framing. Next we go to the Home Depot for landscaping wait until the store closes and dig out all the bushes around the store and the mulch
LOL !!!!!!!!!!!
I have been in construction for over 25 years and have never seen a house stay on schedule. Coupled with the labor shortage i know it is worse yet. The one variable that was not present in all of my experience was the "developer"; this case given is Dave, was conducting assessment meetings every Friday with cash in hand. Theres the incentive to keep things on schedule.
This was a good topic. I don't think Dave has covered this before. Good info!
I bought a piece of land back in 86 and bought a used trailer and was wowed that we put a hundred dollars down, and then with our refund money and working with a friend on the side paid the 800 dollars to close the deal on the land, this was in March, and we move onto the land in August,... I borrowed the money for the trailer on a three year loan, we paid cash for the well ($750.00)and septic tank($1250.00) and deposit on the electricity,.. so from March to August we were Blessed with the $2,400 it TOOK to make the move with NO payments on the well OR septic tank as we could never have afforded that much monthly debt with me being the only one working and at that time was grossing less than $20,000.00 and with two boys to raise,..this was such a surprise we decided to pray and ask again to build our own house rather than upgrade later to a better mobile home,.. I began in 1988 with a permit and drew up my own drawings of the house,beginning on paper napkins while sipping coffee with a friend at a small restaurant, I drew the house so many times on paper that I learned HOW to build it ON paper before I even picked up a hammer,..I had bought an 84 Nissan (bought new IN 84) base pickup at $166.00 a month, a tv at $35.00 a month, $99.00 a month land payment (2and a half acres) electric was 30 to 40 dollars a month yet when we began to build I had saved $4000.00 to buy all the lumber and plywood for a 32x48 house,..all earnestly earned,.. JUST working at a creosote plant on very meager pay,... it took me five years to build the house but I never once ran out of money OR supplies to work with, I ALWAYS had MORE money and supplies than I had time to work on the house, And this house was built with absolutely NO corners cut on quality. I saved on the free labor that I provided, We moved in in 93, with the house PAID for and WITH all receipts to prove the material was bought with earnest money,.. and the land was paid for in 96 never having had a mortgage, escrow accounts, or the ghastly 33 year monthly payments that I simply could NOT abide in peace,.. The gist of this is when we began on this property we prayed for help and began to make the attempt and NEVER found ourselves needing,.. we were frightened to even purchase a piece of land, much less find a trailer we could afford to get us on the land, yet with GODS True Blessing, we made it with flying colors, When we began to build, I prayed for success,.. and IF it DIDN'T work out I would simply bury it and quit, but at least, gratefully I wouldn't owe ANYONE for what I DID get built as I was building out of my pocket,.. and the money continuously flowed out of that pocket and never once ran dry. This is a true story and it's reflects what happens when prayer and hope mingles with an idea and is pursued to achieve such a goal.
That's quite an accomplishment, you ought to post photos of it here. There's a guy in a trailer park adjacent to my neighborhood, that's been building a home, (brick by brick) for the last 6 years. Just recently, he finished the roof and is preparing his driveway for the concrete.
Hi. I’m 23 years old. Still in college. But I’m already picking out the type of concrete and the type of concrete pour and the solar panel system and house design I want. I’m planning now. Just like you though Gonna start building it before I turn 30. Not gonna rely on the bank to give me a 30 year loan. Instead of a trailer though, I’m going to purchase an School Bus for $3000. Renovate it easily on a budget of $15000 and that will be my RV Substitute while my house is being built. Thanks for your story. I am nervous and scared too but I read in the Old Testament that the Israelites didn’t like owing anybody anything. They loved being debt free. Think it was in Proverbs. I want to be the same way. Free. Free man. My wife and I want to scuba dive and motorcycle and travel and stay fit. Hopefully in following in your footsteps we can accomplish the same feat instead of being broke and slaves to the bank. We don’t have kids yet though. I want to wait until the house is almost done. With God’s help because I don’t have the courage without Him. But yea. I’ve got the drainage system figured out. I got the kitchen figured out and the floors and the stair case and everything. I even got the electrical systems figured out too. I’m still nervous though.
A true inspiration
Catalyst - D B insulate and ventilate that bus, will make sleeping and living more enjoyable.
Randy Kuhns congratulations
Looking to build a small place for me too
Dave, I'm watching this is August of 2020 and can tell you that I actually walked away from what would have been a good project (I built upscale, one-off custom homes that were well above code). The job I refused, after meeting twice with the prospective owners, involved a husband and wife who couldn't agree on anything. I'm a flexible designer, and normally I could find creative solutions to accommodate what seemed like disparate ideas; but these two were actually sabotaging each other, calling me individually and "instructing" me as to how to change the basic concepts their spouses had insisted on during our in-person meetings. I was not only ready to take on all the permitting and subcontracting work but was saving them tens of thousands in architects' fees. Please encourage your listeners to be sure they're on the same page with their spouse before they even think about having a house built.
Sounds like fun!!
how far apart where these two meetings?
@@DrgnTmrSirGawain About two weeks. Why are you asking now?
just trying to get a better picture of the case
I'm a college student making barely above minimum wage at a part time job. Why am I watching this?
You'll be suprised what you'll grow into
Preparation.
Quit college go work in a factory
@@austintomkewitz7206 robots are gonna steal yo job
Because anything's possible. The skys the limit. God can make anything happen for u. Shall I continue? 🥰
I always tell people to remember someday you or your kids are going to want to sell this house and you can change light fixtures and stuff fairly easily in the future but the bones you have to live with for the most part.
I quit building houses after 25 years because of crazy, but I think I'd build one for Dave Ramsey, he's the kind of customer I can get along with
You forgot a very important person, a highly qualified home inspector on your team.
If you need a home inspector on a custom new house you should be reevaluating taking the lowest builders bid. Now if you are buying an already built new construction spec home by all means get an inspection because many in that market will either cut corners or code minimum things they should not in order to keep their profits high.
agreed
@@ashtonlong1235still wrong
This isn't about "Building Your Own Home" it's about having a GC build your house and how you pick light fixtures.
Ya "Builing Your Own Home" to most people these days is "buying a home thats being built" all they have to do is alter the plans a little and decide paint color
And what’s wrong with that
@@Emily-ij1hf Hi....nothing really, if that's what you want....it's just not really "building your own home" -- as is indicated by the title.
Exactly! My husband works in commercial and residential roofing. We're building our own home. If you know what you're doing, it can be done!
You can't build your on own home unless you have the money to pay for it yourself
I’m offended, architects are required to know about building, construction, building codes and budgets. We do not go to art school, architecture school is required plus an intensive licensing exams and many many hours of hard work.
He is referring to decorator, so called interior designer, not architects. Some does not have budget or schedule in their mind set. I have seen in real life.
@@FloridarealtorElena but he specifically said "some architect went to art class...."
@@FloridarealtorElena now you’ve just offended interior designers by calling them decorators. Haha… I speak from experience.
I just want a simple house, I want a roof over my head and stop paying rent that makes my money flushed in the toilet.
Think about buying land in a good state and neighborhood and get a modular home. Prices out it can be as low as 90k
You are not talking to the average person. The average person is not going to have a decorator.
Dave spent 18 *million* dollars on his house. I doubt staying in budget was much of a challenge.
Your so right!!!
@@bguen1234 You know this, how?
TTundragrizzly Dave isn’t the type to hide his life from the public, he’s right about it
Everyone has a decorator. But, most of the time it's us!
Dave has said, the building he broadcasts from is worth $20 Million, and it's paid for.
I have a good friend who now works for Ramsey Solutions. They recently moved to Nashville.
Most realtors are not that competent when it comes to new builds and if you have been through the process multiple times your better off to manage it yourself. Most realtors are lazy and don’t understand the process. In addition, it’s easier for them to make more money focusing on existing homes
No realtor I’ve ever paid in Mississippi ever worked their anything off - bad advice about reators
I'm a construction estimator. Change Orders are big extra costs. The initial project is priced competitively (minimim cost) to beat the price of the other guys. Once the sub-trades are awarded the contracts, they price additional work (changes) based on maximum amount of labor and material required (no risk for the sub-trade). Making changes during the project is expensive
You talk as if the general lay person who has likely never built a house should know this stuff. Aesthetics and getting things the way you want them are just as important. It's their $$ and their time. If they run over on either because they've never been through design and building that's their problem and.. their right. The reason people are watching this is to learn before hand not be berated after the fact. It may be safe and wonderful advice but I could do without the chastisement and demeaning tone.
If you are building now in 2020 be cautious as supplies are limited. Lumber prices are increasing as well as other supplies which means if you are working with a builder they can increase your purchase price. Happened to me back in 2006, it's all about timing and the builder contract but definitely legal for them, just know that you have the right to cancel if they try a price increase.
Doubled the size of our house back in 2001. The only contractor I hired was to pour the concrete for the foundations.. We did everything else ourselves from framing to finish carpentry. Cost us $40k to go from 650 to 1400 sqft on 5.5 acres of land..:)
Frank Hinde nice
So true what he said about change orders, I'm working on a commercial project and the customer has gone through 3 sets of prints in 3 weeks. I'm at my wit's end lol.
What if we have 2 seperate projects in one huge land one personal one for business purposes.
My sister in law has never been told no. She had one house built and them sold it because ppl werent jealous. So she started a second house. Its been 4yrs now and the house still isn't done because she keeps changing things. Poor husband hes going broke cause of her.
I must be in a unique situation. I have most of the money to build a 5500 sq ft house. My son and I are doing most of the work. I'm pulling homeowners permits and I'm a licensed builder and electricians. The longer it takes me, the more money I bring in to continue through the project. I'm shooting for 3 years. Once the quick push to get it framed, windows, doors, and roof, (dried in) I don't really care what the time frame is from there. No need for the stress.
I am uncertain as to what you think your very unique and unrelatable comment brings to 99% of the people reading it.
We're all happy for you!
@@fmaz1952 Ok?
David Underwood that’s just a pitiful hatter! Great work, even if I’m not at all in your same position, it is something to look up to.
Building your own house does not involve a builder. That would be paying someone to build a house for you.
This.
I’m looking to build my first house. I’m an apprentice plumber right now so all the plumbing will be done myself. I’m also going to get my HVAC license after so I can save some money on that stuff! Town houses near Toronto are starting at the 400s which is STUPID.
Did you end up building the house?
@@victorzape7671 no it’s much more expensive to build. I bought a house from the late 70s
Dreaming of building someday, I will remember this advice.
I’ve built two of my 4 properties for less than HALF of the market value, this is actually a great way to get things done affordable if your savvy and good at problem solving
Great stuff! Any chance you have an example project plan? Fully aware there are a ton of variables but one that includes milestones and order. Of milestones
my house is in progress of building on my own land.. have a good site supervisor that informed you of what is happening or schedule like Dave says here. I’ve a great supervisor and I checked just in case..and change orders very important.. like Dave said.. anything different on site talk to the supervisor not the workers... that’s what I did.. I’ve awesome experience...
I don't like carpets. There are some really nice ceramic tile choices. Ceramic is easier to maintain.
My current house had carpet everywhere, even kitchen and bath, when we moved in. Replaced it with vinyl asap since it’s a low end area and I needed cheap quick diy. Later we refinished hardwood in the living and dining rooms.
As a builder this is music to my ears. Should be required for all people wanting to build or remodel!
Money. That’s what you need. Then it’s all about what you want.
I am a BIM Manager and have worked in construction for 25 years. I have run coordination meetings for over 10 years on libraries, hospitals and data centers. Let me tell you, building your own home is different, and I'm glad I have watched a lot of these types of videos. I can't wait to start, build and then live in my own home on property my great grandmother owned. This video has been a good overall. Can't wait to see more of them.
Realtors rarely do anything during the purchase of a new home from a production builder aside from docusign a contract and get paid.
Kevin C. This is why Dave said have a good realtor/agent. They should be doing more for you than that.
Before the recession, 90% of my business was new construction and half of those were custom homes, I promise you it's a lot of work. At the time I was representing the builders and they depend on the agent for all contact with the buyer. Compared to a regular transaction, I did double or more work and we still make the same percentage. My builders still work with me today and the reason why is they know I'm keeping up with everything. Change orders, meetings with buyer and builder, and taking all the calls from the buyer. The average person has no idea what goes on behind the scene, they just think we make too much money and don't do anything. I've been doing this 25 years and I promise you I earn every dime and I take care of my clients.
Ev4en the Amish & Mennonites dont build this way. It does depend on weather alot.
Dave you nailed it on this one. Those of you that are or are planning on building a house please watch this video at least 10 times.
Wait, I thought I was the builder
This is the first video of yours that I've watched and I absolutely LOVE your non-nonsense way about you! YES!!! THIS is what I've been looking for. Finally. Thank you!
Dave can show a example of the spreadsheet you worked off of to build your homes?