Ground-up residential development, often called spec building, means constructing a new home on vacant land with the intention of selling it, on speculation that a buyer will materialize at a profitable price.
Log in to followThird spec on the same plan, 1,850 square feet, entry level neighborhood where clean resales trade 372 to 388. Lot is paid for, permit is in hand, I break ground in three weeks an…
Two identical lots, same 1,900 square foot plan, budget of 268,000 vertical on each. Carry runs me about 2,900 a month once the loan is drawn up, so five months from framing to cl…
Finished spec, listed at 469, three weeks in with decent traffic and no offer. My agent wants to advertise a permanent buydown, roughly 12k of points to the buyer's lender, which…
I've got two things I could put the same money into and I've been stuck on this for three weeks. The first is four raw acres in a growing outer suburb, priced around 112k, that wo…
My first rental hasn't even closed yet, so I'm asking about someone else's problem that I've been shown the spreadsheet for. A builder I know has a finished four bedroom sitting a…
Twice this year I've been asked to frame for builders doing one-off spec houses, and my crew is small. Both times I said no because my guys were booked, and both times the builder…
Small builder, four to six houses a year, I've watched him work for two years without doing anything about it. He's got a finished 1,700 foot three bedroom sitting since August, l…
I've swung hammers for eleven years and I've run other people's jobsites, so the framing and the sequencing don't scare me. What I've never done is carry the money side of a house…