Building on Your Lot in the Raleigh NC Area
It's The Same House - So Why Does the Price Vary So Much?
Raleigh Custom Home Top Building Questions
"I've gotten bids from a couple of different builders for my new home that I'm planning to build in Chatham County. However, the quotes I've gotten back vary quite a bit. Why is there such a big variance when each builder is working with the same floor plan?"
This is a very good question - and one that will probably come up with anyone looking to build a new home.
Basic Standards are Different with Each Builder
The exact same floor plan can be built with a wide variety of finishes and features, and each builder bids out the plan according to their set of basic standards, which may or may not match what you have in mind.
Just in the kitchen, the differences can be extensive:
- Is the floor vinyl, laminate wood, site-finished wood, or tile? What is the allowance per sq ft?
- Are the standard upper cabinets 36" or 42" in height?
- Is crown moulding included on the walls?
- Is crown moulding included on the upper part of the cabinets?
- What cabinets are standard?
- Are roll-out shelves included in the cabinets?
- Are the countertops laminate, solid surface, or granite?
- Is there a backsplash? If so, what kind?
- Are the ceilings smooth or textured?
- What kind of lighting is included?
A comprehensive bid should include all these details. Ask to walk through a home with that specific set of standards, so that you can see the details - and make sure anything you see is noted in the bid as well. Just because the home you walk through has tile in the kitchen, doesn't mean it's included in your bid unless it is specifically noted.
Compare New Home Bids, Line by Line
Each builder uses a different set of suppliers and subcontractors, always considering a balance between cost and quality.
Builder resources and management costs can vary widely. Take some time to look at each bid, line by line. Compare allowances for items like flooring, lighting, and plumbing.
Be wary of projects with very small allowance amounts, or allowances that are only able to be used at one specific location. An allowance means that you will pay for any overruns, usually before work continues.
Make Sure Your Builder is Familiar with the Area
Also, if the builder is bidding a plan in an area he is not familiar with, they may not be aware of common septic costs, typical well depths, and other costs. Impact fees and building permit costs vary considerably by jurisdiction. If costs for sewer, water, permits, and fees are set up as allowances, and are insufficient, you may have some surprise costs later in the project.
A valid bid should be detailed enough that you know exactly what is going in to your new home at each stage of construction, so that there are no surprises during or after the project.
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Gathering history.
In addition to gathering interviews, the NVHAI has gathered thousands of documents to replace those lost in a devastating government warehouse fire in the 1970s - which particularly affects WWII, Korea, and Vietnam veterans.
Marine Colonel James Wagner served in the first Pacific WWII battle, and talked about how he was shipped to Australia to recuperate. He met his future wife on a blind date. They got married just before he was shipped out, didn't see each other again until the end of the war, and today they've been married for 60 years. They were interviewed together at Pine Knoll Shores.
Stanton Homes is hosting an interview opportunity Saturday January 17th, from noon to 4 pm, where veterans and their families are encouraged to come and talk.
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In order for this new home to be "certified green" through the Green Home Builders of the Triangle third party certification program, a total of 257 points must be earned across 7 categories. Bronze level certification requires 12 points in the Lot Design, Preparation, and Development category.
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In order for this new home to be "certified green" through the Green Home Builders of the Triangle third party certification program, a total of 257 points must be earned across 7 categories. Bronze level certification requires 12 points in the Lot Design, Preparation, and Development category.