Скачать или смотреть Atlanta GA Custom Home Lot Review and Market Value Assessment

Bill Schulte holds a Georgia Real Estate Broker license and is associated with Keller Williams Realty Atlanta Perimeter in Atlanta, GA. You may send me an email with specific questions to [email protected]. In this video I walk a lot one of my custom home builder clients was considering. Ultimately the topography and other site improvement costs ruled this purchase out. I provide a running commentary as I walk the lot and mention site conditions I notice which will impact the cost of site preparation to build. In my experience, an extensive career working in sales management for various major home building companies across the USA, we assess the feasibility of future projects by 1-determining the product that will fit on the lots. 2-Determining the Target Buyer for the product line including their income range, family size, need for proximity of schools, shopping, transportation, etc. 3-price range for the completed home product to be competitive in the market and within the affordability range of the target buyer. 4- once potential sales price is decided, the cost to build must be determined. This includes all estimated costs including site work, home construction costs, labor costs, insurance costs, loan interest costs from land purchase date through sale and closing to the home buyer. 5- reasonable profit margin to make the effort worthwhile. 6- once the cost to build is deducted from the proposed retail sales price, the remaining number is the price we can pay for the land. Unfortunately many folks entering the business of building or renovating and flipping do not "Begin With The End In Mind" and utilize this Top Down approach. I've seen too many individuals with such strong desire to build their first custom home or first renovation that they purchase the land (or property to be renovated) first, not establish a budget for building costs first, continue to add features and improvements to make the home better, and end up with building costs that eliminate their ability to price their product at market. The completed home is then priced above market, doesn't sell, and each day the loan interest continues to reduct their profit until the pain becomes too great and the home is sold at no profit just to stop the interest clock. Don't make this mistake! Start with the end in mind, estimate costs, allow for construction delays, price at market, and earn a fair profit for your work efforts.