Building Futures
Dave Ramsey Says Build Your Own New House Now!

Dave Ramsey Says Build Your Own New House Now!

Yesterday, I shared Dave Ramsey’s advice to a caller on his show where he not only advised the caller to go ahead and build their new home, but he said he’s about to do the same!

My Book: “Don’t Buy a New House! BUILD IT” shows you how you can too,
You can see some of the numbers in my prior video Here: https://youtu.be/46Kgn48KMc4
But better yet read my book, there is a link below!
✅ Get Print Book on Amazon: Don’t Buy a New House! BUILD IT https://www.amazon.com/gp/product/B09PRTVBMH/
✅ Amazon Author Page: https://www.amazon.com/author/rogerluri
✅ Download FREE eBook: http://ld2development.com/custom-homes/ _________________________
✅ Let’s connect:
YouTube: https://bit.ly/LD2YouTube
Linkedin: https://www.linkedin.com/company/ld2-development/
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Dave Ramsey: https://youtu.be/Vgbny3M6VOo

Appreciation vs Depreciation

Appreciation vs Depreciation

People often talk about houses appreciating, but what if I told you that this is actually a myth?  What actually appreciates is the land that your house sits on.

The “sticks and bricks” and all the building components that make up your house itself actually start losing value as soon as they leave the supplier, just like any other items you buy new at the store and bring home to use.
The appreciation that you see in your home’s value over the years includes the appreciation in land value plus the affect of inflation on replacement value (which includes both labor and materials).
In other words, the cost to build a new house keeps going up, so an older house gets a bump from inflation.
Still, This value is actually reduced by the depreciation of the existing structure. As the existing structure loses value over the years, at some point, the value is equal to the land value.
When you are close to this point, unless you are talking about major renovations, any money that you put into fixing it up is basically down the drain because it will still only be worth land value.
The repairs / renovations will just not be enough for a buyer to think it’s in move in condition, so it will still only appeal to a buyer who wants to tear it down.
That’s why you always want to look at any major renovation project very carefully and extrapolate the future value of your home.
In other words:
1. Value today?
(Estimated renovation cost)
2. Value after planned renovation?
3. Value estimated upon future sale?
For #3 you’ll need to estimate how long you’ll probably stay in your home.
What we see is that when we renovate, the finishes seem new to a buyer for the first few years. After a few years, finishes begin to seem dated and negatively affect the price.
If you own a property that is in need of some major work, you’ll want to get a professional to help you to evaluate your options.
I find that often, people are surprised when they look at the numbers.
It can make a substantial difference to your bottom line.

✅ Get New Book on Amazon:

Don’t Buy a New House! BUILD IT https://www.amazon.com/gp/product/B09PRTVBMH/

Of course It’s going to take some effort on your part and it’s definitely not for everybody, but if you enjoy creating new things in your life and building wealth in the process, it will be a lot of fun for you.

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri_________________________

✅ Let’s connect:

YouTube: https://bit.ly/LD2YouTube

Linkedin: https://www.linkedin.com/company/ld2-development/

Facebook: https://www.facebook.com/LD2Development/

Instagram: https://www.instagram.com/ld2development/

Mistake to Pay Cash for Your New House?

Mistake to Pay Cash for Your New House?

More people are paying cash for their homes now!

We’re seeing some people who would really like to find a brand new home settling for an older house in order to keep it within their cash purchasing budget.
A cash offer is much more likely to be accepted In a multiple offer scenario.
So if you have the cash, it seems like a great strategy; But here, we’ll look at the numbers to see how this investment’s going to play out for you in the long run.
When you really look at your home purchase as an investment and compare the returns, It’s just crazy not to strongly consider building your own new custom house.

So get my new book: Don’t Buy a New Home! Build IT and learn how to do it.

 ✅ Get New Book on Amazon: Don’t Buy a New House! BUILD IT https://www.amazon.com/gp/product/B09PRTVBMH/

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri

Trick to SAVE BIG $$ on Your New Custom Home!

Trick to SAVE BIG $$ on Your New Custom Home!

So how can you build a brand new custom home affordably?

That’s really what my new book; Don’t Buy a New House! BUILD IT Is all about. It gives you the builder’s perspective and shows you how to take advantage of that.

When you see a builder build a brand new house on spec (spec just means she or he is putting up the money to build it and planning to sell it for a profit when complete). They make a lot of choices; where to build, the style of the house, size and floor plan, construction methods, finishes and everything else.

If you want to build a house affordably and save money as I show you how to do in the book, The first important choice you’ll make is choosing your builder. (I devote a whole chapter to this in the book to show you how to go about it).

You want to find a builder who has experience building spec homes in your price range and preferably also in higher price brackets. You also need to be able to trust them and value their opinion.

An experienced builder has a good sense of where it will pay to spend a little more money (the things buyers really care about) and where you can choose more affordable alternatives (things buyers care less about) and they can guide you in making the right decisions. They’ve already done it, so you don’t have to re-invent the wheel.

You definitely want to make choices that make your home suit your own tastes and lifestyle and make it uniquely yours, but you want avoid things that might turn off a buyer. Especially if it’s a major thing that is difficult or expensive to change.

Get the book on Amazon and learn how you can get your new house built for you and actually make money on it when you sell! It’s a win-win!

✅ Get New Book on Amazon: Don’t Buy a New House! BUILD IT

https://www.amazon.com/gp/product/B09PRTVBMH/

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri

✅ Chance to win a FREE Copy: https://LD2development.com

_______________________

✅ Let’s connect:

YouTube: https://bit.ly/LD2YouTube Linkedin: https://www.linkedin.com/company/ld2-development/

Facebook: https://www.facebook.com/LD2Development/

Instagram: https://www.instagram.com/ld2development/

Why You Might Hold Off on Your New House

Why You Might Hold Off on Your New House

The latest housing reports show that owning a home is now more affordable in most markets than renting, but a lot of people are still holding off on buying a new home and many are even paying record high rents in order to postpone the purchase.

Why are people holding off?

Well first, home prices have increased pretty rapidly over the last couple of years, so some people are experiencing sticker shock when they look at prices. They’re just freezing up like deer in the headlights and they’re putting their lives on hold,

But with inflation creeping up, supply chain troubles and labor shortages, does it really make sense to expect future prices to be lower?

Of course the other reason that people are holding off is the shortage of new construction homes.

In spite of price levels, I think a lot of people would be buying new construction homes if they saw them, When it comes to new homes, most people need to see them to recognize the value.

When they see the new designs, finishes and the lifestyle that they’ll offer, they’d buy them. but unfortunately they don’t see it because so few new construction homes are being built and often those are sold before they are finished. Still, the older homes they see just aren’t cutting it for them.

So if you’re thinking you’d like a new home, you have a couple of choices:

You can go out and get into bidding wars for the couple of descent homes on the market.

Or you can wait for more new homes to be built so that you’ll have better choices,

The other choice you have is you could build your own custom home and get exactly the house you want and you can save a lot of money in the process.

Don’t worry, you don’t need to be an architect or designer or contractor to to it, there are lots of great professionals who will help you.

It’s easy to learn more about the process, just get my new book: 

✅ Get New Book on Amazon:

Don’t Buy a New House! BUILD IT https://www.amazon.com/gp/product/B09PRTVBMH/

Of course It’s going to take some effort on your part and it’s definitely not for everybody, but if you enjoy creating new things in your life and building wealth in the process, it will be a lot of fun for you.

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri_________________________

✅ Let’s connect:

YouTube: https://bit.ly/LD2YouTube

Linkedin: https://www.linkedin.com/company/ld2-development/

Facebook: https://www.facebook.com/LD2Development/

Instagram: https://www.instagram.com/ld2development/