Building Futures
Compare – Buy New House vs Buy Re-Sale vs Build Custom House

Compare – Buy New House vs Buy Re-Sale vs Build Custom House

From the new book release:

Don’t Buy a New House! BUILD IT,

We’ll compare investing in Purchasing a New Construction House from a builder vs Buying a Newer Re-Sale House vs Building Your Own Custom Home.

You can adjust the parameters as you like, but I think you’ll be surprised to see how the numbers will work out for you when you sell your new home a few years down the line.

You can find:

Don’t Buy a New House! BUILD IT

on Amazon: https://www.amazon.com/author/rogerluri

There’s a special price on the ebook this month. It’s a short read, but will give you a lot of great information and an eye opening perspective on building your own home.

Please post a review on Amazon. Your feedback is really appreciated.

If you have questions or want more info you can also check out: http://ld2development.com/custom-homes/

Save 10-15% on Your New House!

Save 10-15% on Your New House!

My new book was just released, it’s called:

Don’t Buy a New House, BUILD IT.

Yesterday I said that this is the best time I’ve ever seen to build your own custom house and I mentioned that you’ll save 10-15% or more compared to buying a new house that a builder built on spec.

Why? Let’s look at how the numbers work. Suppose you are able to find & buy a new construction house that a builder just built. and let’s say you purchase it for $1.3M.

In order to build that house, the builder had to purchase the lot (probably a tear down) and put up maybe about $300,000 of their own cash to get the construction loan to build it. The builder’s cash has been tied up for at least a year til the house is sold.

At closing, the builder pays commissions and closing costs of about 7% right off the top. That’s about $91,000. And to keep it simple, let’s suppose that the builder makes a profit of 7% on the sale, that’s another $91,000.

Now 7% of sales is not a very big margin considering all the work that goes into it. The builder would certainly be targeting a profit closer to twice that. But let’s just say the builder makes only a 7% profit. By you building that same house yourself, you would save the 7% closing costs and 7% profits that are built into the builder’s selling price.

That’s 14% savings for you right off the top! In this example, that’s $182,000 of instant equity the day you move in.

You might even get the same builder to build it for you. This is a win/win for both of you. They can make money building for you at the same time they can invest their money into building another spec house.

In the book, I explain more about how the whole process works. It pays to understand the numbers! There is a link below to get the book on Amazon.

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

It’s a quick read, but gives you a lot of insight and all the steps to get started.

If you read the book, I’d appreciate it if you could review it on Amazon. Your feedback would really be helpful.

If you follow or subscribe to this channel, I’ll be going into more or the specifics of how it all works.

Let me know if you have questions.

http://ld2development.com/custom-homes/

Thanks

Don’t Buy a New House! BUILD IT

Don’t Buy a New House! BUILD IT

Hey, After some last minute revisions, my new book was just released!

It’s called:

Don’t Buy a New House! BUILD IT

You know, the last couple of years, I’ve seen so many people struggling to find a new house , and I wanted to show them how they can build their own custom house. In fact, a couple days ago, i shared a post from Bob Villa talking about why you might want to build your own NEW house right now. https://www.bobvila.com/articles/pros-and-cons-of-building-a-house/

I know a lot of people may have never even considered the possibility of building themselves, but Bob definitely has the right idea!

I built my own first new home about 25 years ago now. and looking back, it was really a life changing experience for me, so that’s what inspired me to write this book.

I’ve never seen a better time for someone to build their own custom house. You get exactly the house you want and if you follow the method I talk about in the book, it’ll be a really great experience for you and you’ll save 10-15% or more compared to what you’d pay for the same house that a builder builds and sells on spec.

So on a million dollar house, that’s $100 – $150 thousand dollars!

Of course it’s going to take some work on your part, but hey, that’s a lot of equity to start out with!

And It’s really not that hard There are a lot of great professionals out there who will be happy to help you do it, That’s what they get paid for!

So If this sounds like something that you might want to learn more about, Grab a copy of the book on Amazon. Because it was just released, the kindle version is starting at only $.99 just for this month. https://www.amazon.com/kindle-dbs/entity/author/B09PTK1XCH?_encoding=UTF8&node=283155&offset=0&pageSize=12&searchAlias=stripbooks&sort=author-sidecar-rank&page=1&langFilter=default#formatSelectorHeader

It’s not a big book, it’s a short read, but there’s a lot of great information.

If you read the book, I’d really appreciate it if you could take a minute to leave a review on Amazon. It will really help me to get your feedback.

In the coming weeks, I’ll be talking about more specifics from the book like lending programs, finding your site and the whole construction process. so please follow or subscribe to this channel so we can keep you in the loop.

And if there is something that you’d like me to talk about in more detail, just let me know.

 

Custom Home Builders in Chicago

Custom Home Builders in Chicago

Custom Home Builders

Choosing efficient custom home builders in Chicago is a tedious job. After all, they are somebody you will work closely with for the next six to twelve months or more. Developing a house is a stressful event. Hence, choosing the right custom home builder is crucial to ensure the process runs seamlessly.

It would help if you considered many things while choosing a home builder in Chicago to help you understand your dream house. Finding the right builder that suits your personality will give you a smooth home development experience. Read on to know our thoughts on qualities you must consider while choosing a custom home builder!

Qualities of Efficient Custom Home Builders

1. Building Process

Creating your dream house must be one of the best things you can do. Ask your builder to share their construction process with you. The process should be simple and clearly understandable.

2. Project Portfolio

Want to judge a Chicago home builder? Then, look at their previous projects. Ensure they have built houses within your selected area, size, and budget before. If you are searching for a home builder in Chicago, make sure they know about Chicago’s building codes and local restrictions.

Also, remember to ask how long they take to finish specific projects. Inspecting the portfolio of a custom home builder will help you get ideas and inspiration also.

3. Client-Friendly Builders That Fits Your Personality

You will start the long-term process of building your dream house. So, you need a client-friendly builder to help you make some personal decisions also. Hence, before choosing a builder, consider the type of personality that fits your working process. Make a wish list and must-have list for your dream home.

Considering these, meet the Chicago builders and share these lists with them. Assess the personality fit when you discuss your project vision. Ask whether you may get their contact numbers to contact them straight if you have any queries.

4. Communication Capacity

Communication is crucial during the building process. Builders should communicate decisions, data, and changes daily. An efficient custom home builder can interact properly with you, other subcontractors, and their team.

5. Strong Client References from Previous Home Buyers

No matter how excellent an interview went with a Chicago builder, looking at their references from past clients can help you get essential info and make an informed decision. A reputed home builder will never hesitate to provide you with their earlier clients’ references.

Closing Words

It would help if you found the right home builder for your dream project. Hiring efficient custom home builders may be a daunting job, but finding them with the proper qualities for you will help you run your home construction project seamlessly. If you are searching for reputed and trustworthy custom home builders in Chicago, contact LD2 Development to discuss working together.

Want to consult with our team and discuss your custom home building ideas? Schedule an appointment today! We look forward to helping you make your custom home building project successful.