Hi all,
My wife and I are in the final stages of bidding between two contractors to build our new home.
Builder #1
They have been the builder who has designed the plans, is a large home building company in our home town and has a ton of resources due to their size. As a result they have a Project manager and building 'assistant' who will spoon feed you and walk you through the entire process...picking out all the carpeting, doors, fixtures...matching things, etc...
They dig on average 2 homes a week to give an idea of volume...also due to the size of their operation I feel they are a little more on the expensive side.
Builder #2
Is an established builder of over 10 years (13 to be exact I think), built over 220 custom homes and has built homes that are 100,000 to 1,000,000 dollars in price. He probably builds 25 - 40 homes a year...maybe less with the economy...
He is the whole show along with his wife so is overhead is low and the prices tend to be a lot less than builder #1. He manages the operation and subs out all the work.
His wife is his assistant and does help with some guiding but probably not as much as builder #1 and from what I am seeing he will hand us off to ear sub to meet with vs. having someone go with us to pick stuff out.
I think they both do a great job on the homes and they are both part of a home parade program where you get to view newly built homes for them to showcase. They have excellent quality for the final product.
SO...my questions are this...
When we got the plans developed by Builder #1, the bid out all the work and gave an itemized list of the costs and projected allowances. We reviewed them and I took that estimate and handed it to Builder #2 with all the costs whited out and he is in the process of bidding the same.
If you keep the same allowances for both they should cancel out and you would be left with an apples to apples comparison of would be cheaper (assuming the final product would be on the same level) Correct?
Also...anyone that has gone though this process please give me some past experiences, things that caught you off guard or that were the hardest part...
Did anyone have any horror stories of things during their build or unexpected expenses?
I am thinking it won't be that terrible to pick out fixtures, cabinets, flooring...etc as my wife and I are pretty level with each other when it comes to stuff like that...
Cliffs
1. Building new home
2. Have two builders bidding out project
3. Looking for past experiences from others
4. Any gotcha's that you didn't expect
5. Would you do it again
P.S.
We had this bid out by both builders a year ago when we started and Builder #2 was about 20-25,000 dollars cheaper...a year later it has gone down in price with the second bid from builder #1 due to the economy and new home sales / builds. I am anxious to see what the second bid comes back from builder #2 (should know at the end of the week)
I am leaning towards builder #2 as he is cheaper, does just as nice of a job and just today mentioned that we could possibly have our new home in the home parade which would allow even more upgrades at a discounted rate (BONUS!).
Wife wants builder #1 because she has a re pour with our 'consultant' and feels she will guide us through the whole process and hold our hands while we pick things out. I tend to agree on that part but not if it is 20,000 dollars more!
Thanks for reading.
Lee
My wife and I are in the final stages of bidding between two contractors to build our new home.
Builder #1
They have been the builder who has designed the plans, is a large home building company in our home town and has a ton of resources due to their size. As a result they have a Project manager and building 'assistant' who will spoon feed you and walk you through the entire process...picking out all the carpeting, doors, fixtures...matching things, etc...
They dig on average 2 homes a week to give an idea of volume...also due to the size of their operation I feel they are a little more on the expensive side.
Builder #2
Is an established builder of over 10 years (13 to be exact I think), built over 220 custom homes and has built homes that are 100,000 to 1,000,000 dollars in price. He probably builds 25 - 40 homes a year...maybe less with the economy...
He is the whole show along with his wife so is overhead is low and the prices tend to be a lot less than builder #1. He manages the operation and subs out all the work.
His wife is his assistant and does help with some guiding but probably not as much as builder #1 and from what I am seeing he will hand us off to ear sub to meet with vs. having someone go with us to pick stuff out.
I think they both do a great job on the homes and they are both part of a home parade program where you get to view newly built homes for them to showcase. They have excellent quality for the final product.
SO...my questions are this...
When we got the plans developed by Builder #1, the bid out all the work and gave an itemized list of the costs and projected allowances. We reviewed them and I took that estimate and handed it to Builder #2 with all the costs whited out and he is in the process of bidding the same.
If you keep the same allowances for both they should cancel out and you would be left with an apples to apples comparison of would be cheaper (assuming the final product would be on the same level) Correct?
Also...anyone that has gone though this process please give me some past experiences, things that caught you off guard or that were the hardest part...
Did anyone have any horror stories of things during their build or unexpected expenses?
I am thinking it won't be that terrible to pick out fixtures, cabinets, flooring...etc as my wife and I are pretty level with each other when it comes to stuff like that...
Cliffs
1. Building new home
2. Have two builders bidding out project
3. Looking for past experiences from others
4. Any gotcha's that you didn't expect
5. Would you do it again
P.S.
We had this bid out by both builders a year ago when we started and Builder #2 was about 20-25,000 dollars cheaper...a year later it has gone down in price with the second bid from builder #1 due to the economy and new home sales / builds. I am anxious to see what the second bid comes back from builder #2 (should know at the end of the week)
I am leaning towards builder #2 as he is cheaper, does just as nice of a job and just today mentioned that we could possibly have our new home in the home parade which would allow even more upgrades at a discounted rate (BONUS!).
Wife wants builder #1 because she has a re pour with our 'consultant' and feels she will guide us through the whole process and hold our hands while we pick things out. I tend to agree on that part but not if it is 20,000 dollars more!
Thanks for reading.
Lee
