Do You Really Want to Build Your Own House?

Do You Really Want to Build Your Own House?

New Construction

Some dear friends of ours decided to try and save some money by being their own builder for their personal home. Everyone wants to save money right? Of course we do! The problem however, is when that great idea actually becomes a MAJOR expense.

 

This people are smart, in the trades business for builders and decided that by being around the industry they would be able to contract out their own home. They did have a "good friend" who was the builder of record so they could get their project approved. What ensued down the road will make your hair curl!

 

Everything started off nice and peachy. Things began to go wonky little by little. The first "off" signs were contractors not showing up. Next were the items scheduled to be delivered either not showing up or were damaged when they did. Finally, the so called "friend" wasn't returning phone calls.

 

This couple found the bank calling in their note as their home sat unfinished and deteriorating. Their budget was completely blown and their moral at an all-time low. They were angry, humiliated and felt very betrayed. 

 

Unfortunately, I have seen this scenario play itself out over and over. And, it isn't always with building a home. Sometimes it is with the "be your own real estate agent", or perhaps the DIY project gone bad.

 

The good news is this couple is finally completing their home. Needless to say, the end result ended up costing them much more than they originally planned. They learned a tough lesson and lament that they should have used a professional builder from start to finish. A hard lesson they are sharing with others.

 

As a real estate professional, if you are ready to buy or sell real estate, we are your "go-to" folks! We know real estate and will be there with you from start to finish! Give us a call today!

 

We are your Granbury, Texas lake property experts!  Hood County real estate professionals! Waterfront properties in Granbury, Texas real estate team!

     Magnolia Realty Granbury    

"Have you fully lived today?"

   Paula L. McDonald ~ REALTOR®

       Managing Broker ~ Granbury, Texas 

 936-203-0279 Direct

Selling Hood County and surrounding areas!

PaulaMcDonald@MagnoliaRealty.com 

      CNE

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Copyright 2017 Paula McDonald

Comment balloon 3 commentsPaula McDonald • December 16 2016 03:16AM

Comments

Paula, I can't even imagine trying to be my own builder.  Sure, I've seen a lot of new construction homes go up for our buyers, but it's a big leap from being associated with the building to being THE person responsible for getting one built.  Glad they were ultimately able to finish their home.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.520.5305 www.LizTour.com) 11 months ago

Paula, I am a contractor, and I am not going to build my own home. I know the business, and I can't be 100% committed to a home construction project and run my real estate brokerage at the same time. I'll farm the construction out to one of the builders I know and my company will do the sub-contracting we specialize it. It's not as easy as it looks. 

Posted by Mike Cooper, Your Winchester, VA Real Estate Sales Pro (Cornerstone Business Group Inc) 10 months ago

Hi Paula - that is risky at best.  Only if they are not in a hurry and need no loan do they have a chance.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 10 months ago

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