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Articles and Information about Real EstateNetFinancial | Institutions | LoansColleges and Universities | Search Engines Master Builders Ask, Do You Know What Design/Build or Design/Construct Means? You Should
These real questions are answered by me and US Master Builders after receiving them from readers of my e-book, "Residential Development Made Easy." Question 1. 'Design / Build,' sometimes called 'Design / Construct' is a development process where the contractor (the builder) engages all the consultants for the project and submits a price for the design and construction of the project to the developer meeting the developer's requirements as far as aesthetics and space requirements. The builder, if awarded the project, goes ahead and builds the project without the developer having to deal with any consultant. This generally saves the developer the hassle of going through various tender exercises. Can you elaborate further on this issue please? Master Builders & Developer's Reply: Essentially what you have said above is correct, however as with most things in life, there is a "BUT" involved. "But" - not all builders can provide 'Design / Build services. Just because a builder can build a house, does not mean he can design one or supervise the design of one. Remember, in thepecking order of seniority in the industry, the designer architect usually 'tells' the builderwhat to do. 'Design / Build reverses these roles. Builders are usually practical people - they get things done - and like to complain about the fancy ideas of designers. However it is the fancy ideas that distinguish your house for the one next door and makes it work better and sell better. Now lets go up a few rungs on the builder expertise ladder to the Master Builders level. Well as with all human endeavors, there are different levels of expertise. Design / Build is basically what I do at USA Master Builders.com (formally ProCustomHomes.com) except we have taken the process several steps further. We call our Design / Build teams, "Residential Development Teams." Where we go further than other Master Builders is as follows: * We do the basic market research for you. Question 2. Will the builder be able to work out a package with me where I provide the initial concept and schematic design whist the builder provides all the working details and specifications to come to an agreed fixed price plus agreed profit? Master Builders & Developer's Reply: Depending upon the Master Builder you choose they should be able to do this for you. Let me walk you through how we work with developers. Let's say that you've done your home work. Know what property you want to build. Know how much you want to budget for each property. (If not, we can assist) I want you to tell me: 1) Fair Market Value $X 2) Appraised Value $X 3) Cost of each lot $X 4) How much you have budget for each property. 5) If you have floor plan that would be good. If not, we would help you with that. You would tell us what you have budgeted for each unit and ask us if we can build for that? We review the information, discuss details with you and give you a quote. When we provide you with a final quote it is all inclusive. It includes everything we can control. Included are the: *Certified architect blueprints, *Structural engineering reports, *Cost for building the property, *Providing financing for those who will be purchasing the property, *Insurance for those purchasing the property, *Realtors trained to sell and create a demand for your properties. In addition, to the above we would provide you with a 100% Money Back Guarantee which simply stated, "If you don't like the property once it is completed you don't have to buy it." We insist that you hire the property inspector of your choice to inspect the property BEFORE you take possession of it. We also provide you with daily video updates on the project so you have video documentation of the progress of your property. Unlike a lot of builders we think "long term" not short term. We understand that we make our money building and you make your money selling at retail. If we want more business from you it's important to help to ensure your profitability as much as possible. Question 3. What kind of warranties do Master builders offer? Master Builders & Developer's Reply: Depends upon the property and place. Some areas require warranty on plumbing, gas lines, etc? We provide all standard warranties in each area. In addition our structural warranty is 20 years instead of five or ten that local builders offer. Our roofs are 20 years. And, we have a 100% Money Back Guarantee to ensure you're not stuck with a lemon. Oh yes, one last point that does not really come under warranties, but it does give peace of mind to out clients. Every part of the house we build for you is computerized for you. So What? Well let's say, in 4 years or 10 years, you have a window badly damaged, a door, a kitchen bench - whatever - think about what you would have to do to get it fixed. Well with us, you just phone or email - tell us which part you want replaced, it's exact location, and we'll have the exact part, in the right size, in the right material sent to you, after you have approvedthe pricing. So you see that the "BUT" I mentioned above covers a lot that is within the term 'Design / Build.' Author & $1.2 Billion Developer, Colm Dillon, Has Written The Best Selling Teaching 'How-To' E-book, "Residential Development Made Easy," With Readers In All States Of The USA, Canada, Australia, New Zealand, UK, Ireland and 79 Other Countries. His Independent Web Site is: http://www.realestatedevelopmentcoach.com/ez
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Commercial breal estate/b is becoming a bigger issue for US banks after the Treasury decided that funds under the Troubled Asset Relief Program b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-1fd=Rurl=http://www.nytimes.com/2008/11/23/business/23gret.htmlcid=1273013942ei=p7snScv5NqDM8ASK3_kRusg=AFQjCNGupSkuABDyjT7h029pz0aESLdcvQThat Money Isn’t Leaving the Vault/a font size=-1 color=#6f6f6fnobrNew York Times/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1273013942hl=ennobrall 36 news articles/nobr/a/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://seattlepi.nwsource.com/business/388778_realestate21.html%3Fsource%3Dmypicid=1272982782ei=p7snScv5NqDM8ASK3_kRusg=AFQjCNFn5WAQvM-paCLUxvh-yGdA28Qe4gbReal estate/b recovery not seen until 2011/abrfont size=-1font color=#6f6f6fSeattle Post Intelligencernbsp;-/font nobr11 hours ago/nobr/fontbrfont size=-1By AUBREY COHEN That was the main message of the Seattle Urban Land Institute#39;s Emerging Trends in bReal Estate/b breakfast Thursday. b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-1fd=Rurl=http://www.bizjournals.com/albuquerque/stories/2008/11/17/daily34.htmlcid=1272982782ei=p7snScv5NqDM8ASK3_kRusg=AFQjCNE3Q3u56Ff8iBQfD-sLcJ0oYptJtwSeminar to give development overview/a font size=-1 color=#6f6f6fnobrBizjournals.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1272982782hl=ennobrall 5 news articles/nobr/a/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.bizjournals.com/milwaukee/stories/2008/11/17/daily46.htmlcid=1272967893ei=p7snScv5NqDM8ASK3_kRusg=AFQjCNFaJS9oFIlKWZ9jjo_58k7Ify0zPAbReal estate/b group backs sick leave law challenge/abrfont size=-1font color=#6f6f6fBizjournals.com,nbsp;NCnbsp;-/font nobr14 hours ago/nobr/fontbrfont size=-1Fearing a flight of businesses from the city of Milwaukee, leaders of a major organization of commercial breal estate/b professionals have voted to support the b.../b/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.bizjournals.com/houston/stories/2008/11/24/story1.htmlcid=1273095459ei=p7snScv5NqDM8ASK3_kRusg=AFQjCNGzKFH1h617pGzYYNTHfsCLiN3AqAbReal estate/b trophies on hold/abrfont size=-1font color=#6f6f6fBizjournals.com,nbsp;NCnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1A host of high-profile commercial breal estate/b projects are having trouble getting off the ground in Houston. 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In short, the answer is that it depends on your individual circumstances. 11 Different Ways to Participate in The New Millennium Real State Boom Many parts of the country are going through a real estate boom. In recent reports real estate is showing double digit growth in many parts of the country. Real Estate Investing: Beware of Subject To Promises Another real estate writer's mini course, full of promises and fluff, ended with a "lesson" on why you need to buy his book so you can finance multiple properties "subject to." The reason, he said, "because banks won't let you finance more than ten mortgages. Real Estate for Beginners: Residential Property Taxes Whenever you own a piece of land, you will be taxed for it. Whether it is commercial property or residential property, there is still a tax to pay, whether it is for a village, town, city, county, or state. Real Estate Research By Talking Real estate research might start with a look at the U.S. Writing on the Wall - Are REITs a Better Investment for You? When I was a young child I had many annoying tendencies. My mother explained to me that the most annoying was my need to write on the walls of every room. The Value of Building Home Equity There are numerous advantages to owning a home. One of the serious advantages is the equity that is built over time. Do You Speak Real Estate? Anyone interested in real estate should be able to talk the talk. Here is a list of common phrases and words with ashort explanation. 3 Top Real Estate Investing Methods for Maximum Wealth Real Estate investing can be used to gain wealth in three major ways -1. Long-term Real Estate investing is most often utilized using appreciation as a planning tool. Real Estate Investing Deals That SkyRocket Your Net Worth 10-Fold Consider these parameters for a real estate deal:Property Value: $250,000 Purchase Price: $160,000 Repairs: $2,500If you analyze the numbers, you see that the equity available in this deal is $87,500 (Property Value minus Purchase Price minus Repairs).So here's a hypothetical question for you: Assuming that the information above is accurate, and the property is located in an area that you view as acceptable and/or favorable, then:If I offered to give you this deal in exchange for $10,000 in cash, would you do it?Remember - this is hypothetical. How To Spot A Good Buy Beauty is in the eye of the beholder, particularly when it comes to buying a home. Features that attract one home-buyer may repel another. |
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