How do you make money on a spec build?

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  • Опубліковано 29 жов 2024

КОМЕНТАРІ • 61

  • @Real.Estate.Report
    @Real.Estate.Report  Рік тому +5

    Meant to get an update out yesterday but have been a bit behind. Make sure to leave any more questions in the comments!

  • @SpencerCornelia
    @SpencerCornelia Рік тому +1

    house is getting put together pretty well. excited to keep seeing progress

  • @Gezza2515
    @Gezza2515 Рік тому +5

    Scott, polished concrete floor is great and don't fret as 2-3mm is removed when you polish. Even if they drop a hammer and a chunk comes out you can fill with epoxy before adding sealer. Very popular in Australia . Floor can look austere / industrial so try and off-set with some timber stairs etc. Have fun....

  • @TheRideshareHub
    @TheRideshareHub Рік тому +1

    LOVE THESE HOUSE UPDATES!!!

  • @carringtonbeauchamp
    @carringtonbeauchamp Рік тому +1

    Thanks for the update Scott! I love the addition of that tiny balcony that overlooks the pool! Such a simple add that gives so much.
    I’m looking forward to seeing more of the design choices. I remember past flips you’ve done and was just wowed- you didn’t choose basic flipper stuff. Excited to see what you come up with!

  • @kenjd57
    @kenjd57 Рік тому +2

    You are good at what you do so I’m sure you will make a tidy profit. Keep up the great work Scott and continue cranking out these videos and I will keep watching them. Thanks for all the information and insight! 😎

  • @kevinkennedy661
    @kevinkennedy661 Рік тому +5

    love these videos scott, hope you show us some more of your projects.

  • @jesvans
    @jesvans Рік тому +4

    stained concrete floor = AWESOME !

  • @reidwh
    @reidwh Рік тому +4

    I love your videos!! As a contractor myself, I feel like you do a really good job of explaining the build process in really simplistic terms!
    Question, though, how are you planning to make much money if you’re not a general contractor yourself? Anywhere from 10-25% is what I’ll charge depending on the market. As of right now (the market is rough) and I’m only able to charge around 10-12% on spec builds. I feel like the house would be incredibly overpriced if you’re charging a premium on top of the contractor’s cut.
    Hope of works out for you! 👍🏼 the house is going to be awesome! Love the stained concrete floor

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому +2

      Thanks Reid! I’ll keep the videos coming. I can address this one in my next video. You’re right though… it’s very tough to find one where the numbers work for me. That’s why I’m only doing a couple per year at most.

  • @mrbrutal6614
    @mrbrutal6614 Рік тому +1

    it's crazy that houses in America are so cheap since they're made out of wooden frames! i would have thought they would be made out of brick at this size. the design is really nice Scott, well done.

    • @maozedong44
      @maozedong44 Рік тому

      those plywood walls!! they make the cheapest furniture with that material over here in europe!

  • @douglashayes3167
    @douglashayes3167 Рік тому +1

    Looks great!! the floor is going to be amazing... and during the process they remove a couple of mm... so don't worry about any abuse... you will never know it. I just did a project here in MN where we built a pool house for a customer and did the pass thru... it turned out amazing... and its frustrating to not have stairs, we always wait as long as we can to install for safety reasons... like to have windows in first... of course in MN, the windows go in usually immediately after framing... in fact, our framers install them most of the time.... Good luck, it looks awesome! you prob are already planning on this... but make sure they stub in a hard line for patio a misting system... you will be thankful.. :) any special lighting plans for the outside? that place would look amazing with the right exterior Illumination!

  • @brockpedersen5244
    @brockpedersen5244 Рік тому +1

    Great Video. Huge fan. Grab some Ram board from home depot and lay it out over the floor. It works great for protecting floors from debris and just wear from the construction process. Also when you mud the sheet rock and do painting you do not have to worry about trying to cover the floor again. I have found this works really good for slab on grade houses also works good to install over flooring.

  • @freechurros
    @freechurros Рік тому +1

    Lay ramboard over the concrete

  • @natethetoe386
    @natethetoe386 Рік тому +2

    Can not wait to see numbers on this project.

  • @ROCwithMaury
    @ROCwithMaury Рік тому

    Can’t wait for the finished product!

  • @nicholas87541
    @nicholas87541 Рік тому +2

    Looking forward to when there's a stair case and the upstairs is reachable. Would be interesting to see sort of what the view from the balcony would be!

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому +2

      We‘ll get up there within the next 2 weeks !

    • @dinodinosaur2930
      @dinodinosaur2930 Рік тому +2

      @@Real.Estate.Report Would you look at under the stairs storage ... Especially, if that is near the kitchen area.

  • @julianmckernan1348
    @julianmckernan1348 Рік тому +1

    The project is certainly taking shape Scott, well done. The polished concrete is a great look.. 👍👍. What are the pool fence regulations in your garden? Keep posting the updates.. it’s great to watch the your progress.. 👏👏

  • @michaelscanlon6553
    @michaelscanlon6553 Рік тому

    Loving this series, channel is awesome

  • @f.austin
    @f.austin Рік тому +2

    wow, good update, second story and stained concrete detail. it is going to be really interesting to see the finishes - already ready to see! hahaha. wondering if you feel a bit of competition with the house being built "2 doors down" or is that a good thing for your build? thanks for sharing…

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому +2

      I’m ready as well, if only I could snap my fingers and have it done haha. Good question about the neighbor, I’ll talk about that next video 👍🏻

  • @josetorrestorres8755
    @josetorrestorres8755 Рік тому +1

    A few months waiting is not For Ever. Just come here to my place in Spain and you just will wait for YEARS!! just to obtain the municipality building permit alone.

  • @mdffwoodworker
    @mdffwoodworker Рік тому

    To what extent do you see interested buyers caring about building performance? Is it marketable, or do people typically look only at appearance and amenities?

  • @ArizonaLuxe
    @ArizonaLuxe Рік тому +1

    I live in Arizona and i HATE concrete floors. It makes it seem as if the seller (mostly flippers) are cheaping out and cutting corners. I would pass on a house with them. But other than that, thanks so much for sharing the process. I really enjoy watching your videos!

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому +3

      That’s good feedback to know! Oddly enough, the exposed concrete floors will end up costing me more than if I lay tile. It may appear simpler on the surface but it’s a labor intensive job to get right

    • @dinodinosaur2930
      @dinodinosaur2930 Рік тому +1

      @@Real.Estate.Report Yes, In the UK polished concrete is a high end finish ... But we have it on the walls also with clean finish or rough for the rustic or industrial look.

    • @ArizonaLuxe
      @ArizonaLuxe Рік тому

      @@Real.Estate.Report Regardless of the process, I just personally think concrete AND tile in the main living areas (living, dining, kitchen) cheapen a house. I know those two materials are common in warmer climates, it's just not my personal preference. I'm sure you've done your research and know what will work for the demographic that you will be marketing to. I'm sure whatever you decide on the floors, the house will be beautiful and will sell quickly! I'm also glad that, in spite of the yard size, you are putting in a pool. Again, being an Arizona native, I am a huge fan of swimming pools! And if I can make one more comment (LOL!) - I see so many houses here in Arizona with the cooktop in the island - PLEASE DON'T DO THAT! Again, thanks for sharing and I will be excitedly following along with the progress of this house.

  • @dinodinosaur2930
    @dinodinosaur2930 Рік тому +1

    💧Scott, with the water restrictions coming into effect in your region of American, large size home developments have new water usage compliance rules to deal with ... Your property and other spec home developers should see selling price increases with less stock available 🙏🏽

  • @swschilke
    @swschilke Рік тому

    Is that really just wood 😮 is that stable enough? What about isolation? Nor steel framing / concrete for walls and ceiling? No basement/cellar?

  • @ndabenhlentombela6290
    @ndabenhlentombela6290 Рік тому

    Do you speak to neighbors? What's your relationship with the neighbors usually?

  • @the_village_elder
    @the_village_elder 4 місяці тому

    Did you ever do a video on the concrete floor?

  • @patricec.2957
    @patricec.2957 Рік тому +1

    I'm glad to see that the work is progressing, but as Europeans, the way it's done and the materials used mean that you could never call it a house in Europe - at best, you could say a garden shed. 🤣🤣🤣

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому +1

      😂 that made me laugh. I suppose things are done much differently out here

    • @patricec.2957
      @patricec.2957 Рік тому

      @@Real.Estate.Report In Europe, houses are built in brick and mortar, and if they're made of wood, they're made of hardwood, not framewood.
      I find it incredible that Americans aren't more interested in buying more solid, higher-quality construction.

  • @gianniferrari1122
    @gianniferrari1122 Рік тому +1

    Scott, I'm a designer for sfh, mfh, commercial and sky scrapers. Let's get in contact and see if I can save you some money on your next developments.

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому

      My email is in the description... please send over some info on your company

  • @victorbarton3039
    @victorbarton3039 Рік тому

    Why do you not GC it yourself?

  • @NewProvidenceUF
    @NewProvidenceUF Рік тому +1

    Why stick frame vs other methods

  • @samuelfairley1432
    @samuelfairley1432 9 місяців тому

    How do you run your numbers?

  • @deluxe91
    @deluxe91 Рік тому

    Are you not worried about the fire risk using all that wood?

    • @CJ2K
      @CJ2K 12 днів тому

      This is how all houses are made in the US

  • @kobyschmitz6775
    @kobyschmitz6775 Рік тому +1

    add a

  • @predator-20244
    @predator-20244 Рік тому

    sloppy construction workers. Good luck Scott, keep up the hard work.

  • @jaredhowell7104
    @jaredhowell7104 10 місяців тому

    Should have covered the floor

  • @user-mp4rr2gc7o
    @user-mp4rr2gc7o Рік тому +2

    Very interested in how this turns out for you but you make it hard to watch these on site videos. Camera work is so shaky and harsh I’m about to throw up.

    • @jesvans
      @jesvans Рік тому +2

      I disagree, his vids are fine

    • @Real.Estate.Report
      @Real.Estate.Report  Рік тому +1

      Thanks for the feedback. I have image stabilization turned on. But maybe need a gimbal

  • @PachinkoMedia
    @PachinkoMedia Рік тому +3

    Cigarette butts + sawdust + exposed wood frame...

  • @steveevelyn5175
    @steveevelyn5175 Рік тому +8

    Being able to provide all my needs without the help of the Government is really a dream come through and I’m getting $20,000 returns from my $7,600 investment ☺️

    • @steveevelyn5175
      @steveevelyn5175 Рік тому

      @Sheldon Bernard This is all thanks to Mr Jeff Clark. I invest with him and have made a lot of money investing with him

    • @Brunomars-9
      @Brunomars-9 Рік тому

      I heard a lot of investing with Mr Jeff Clark how good is he, please how safe are the profit

    • @scrumpy615
      @scrumpy615 Рік тому

      @Jack Paker I just sent him a message now. With all the recommendations I've seen here, I'll definitely give it a try.