AAbsolute
Banned
Pretty relevant Thread huh? Boy were some people giving poor advice to our neighbors. Imagine how much people who followed the advice have lost by now? Let's try and keep that from happening anymore.
-
Trouble logging in? Send us a message with your username and/or email address for help.
-
Hello all! We will be performing a website & forum update soon. You may get logged out so now is the time to make sure your email address in your account is correct - go to your account to check it and update it now. Send us a message with your username and/or email address if you need help.
Auction on two lots in WaterColor
- Thread starter Smiling JOe
- Start date
Pretty relevant Thread huh? Boy were some people giving poor advice to our neighbors. Imagine how much people who followed the advice have lost by now? Let's try and keep that from happening anymore.
Smiling JOe
SoWal Expert
aabsolute, you are all over the place. I haven't quoted home construction prices on this board in a while, and it can vary from home to home, depending on on design. You also know that though it may take the same, or less, material to build a basic rectangular box, than it does to build one with many nooks, but it is the labor taking more than twice as long, which can drive price up, even if the two homes use the same material. I will add that back in 2004-2005, it was not the home construction costs which were rising so quickly. It was the real estate. Buyers were writing contracts on houses long before they were ever completed.
Yes, builders, and subs were charging more to build a house in WaterColor than they were if they built that same home in Freeport.
We are in a different market today. So, what is your point? How are you going to turn that upside down homeowner into a profitable property owner? I cannot wait to hear it.
Yes, builders, and subs were charging more to build a house in WaterColor than they were if they built that same home in Freeport.
We are in a different market today. So, what is your point? How are you going to turn that upside down homeowner into a profitable property owner? I cannot wait to hear it.
AAbsolute
Banned
I don't have all the answers. One scenario: I know a couple who were led around by a great Realtor in 2005. This Realtor had them buy lots in Watercolor in the 700's. They were upside down when I met them. We talked, I helped them obtain plans for 20% of the going rate. They turned out real nice too and the Owners had good design ideas. We built them a huge home with about 5,000 square feet of great spaces for low 600's. They will obtain 1.3 or so and be o.k. No Voodoo there.
C'mon SJ, that was o.k. wasn't it? I'm not being a smart Alec. It was just simple diligence.
We built out another project for them where they were in heavy. The Beach Group listed the home for them and obtained a contract in 7 days. It closed without a hitch and the buyers love it. That's real good stuff, kudo's to Andy and Ron.
AAbsolute
Banned
I was thinking about another twist. I built a home for a guy in Rosemary Beach for 267,000 on an 85,000 lot. He sold it for 1,350,000. That's pretty good. He said,"Hey Chief, do it again." I secured him a lot in Seacrest, drew him some plans, built him a house in 5 months and he sold it for 220,000 more than he paid. He said, "do it again." I found him some real unique VMU in a seasoned PUD for $525,000. He sold it for 1,050,000 in 60 days. He said, "do it again" I found him a property in Cypress, built him a house in 5 months and he sold it for 100,000 more in bad times.
The same dude goes out and buys 3 lots without me. He's upside down 1.5 He hires me to build him a house for cheap to get cleaned up. I'm sheetrocked and being paid by the bank per inspections. He starts holding back on my payments so his interest carry doesn't grow. We part ways and he says, "Hey Lender, you overpaid the builder and I'm suing you if you don't take the project and call us even. Lender goes along with all the barking. He's even on a stupid purchase where he was formerly fatally upside down. That was not my style, a little to unorthodox. But you know what Sun says, "Engage with the Orthodox and gain victory with the unorthodox. When one follows, one can become followed. It is enexhaustable."
passin thru
Beach Fanatic
You're building in WaterColor in the vicinity of $120-130 per sq ft? Plus plans, plus hardscape & landscape costs?
scooterbug44
SoWal Expert
If he is, I don't want to be in or near that house when the tropical winds start a blowing! 
amazing aa absolute sits here and brags daily how cheap he can build houses and this and that . all i see is a builder trying to solicit business in cyber space.i don't see how you have time to build when you're on this board 24/7 talking trash. ok we know you can build cheaper than any builder alive. good for you but don't you think people are tired of hearing your smack?i'm sorry but your constant bragging how cheap you can build runs business off
Zebraspots
Beach Fanatic
AA's posts severely test my patience - I didn't want to get involved, but this is getting ridiculous.
Option 1 - There is a massive South Walton conspiracy and people who can't agree on anything from the flavor of restaurant entrees to rules for stray dogs have banded together to besmirch AA's good name because he builds quality homes for way less than anyone else and upsets the mafioso like price fixing in the local construction industry.
Option 2 - There's a reason why he's posting instead of building and so many people have carefully worded comments cautioning his prospective clients.
Option 1 - There is a massive South Walton conspiracy and people who can't agree on anything from the flavor of restaurant entrees to rules for stray dogs have banded together to besmirch AA's good name because he builds quality homes for way less than anyone else and upsets the mafioso like price fixing in the local construction industry.
Option 2 - There's a reason why he's posting instead of building and so many people have carefully worded comments cautioning his prospective clients.
Today, I heard that two lots in WaterColor will be auctioned on Dec 10. One lot is Lot 19, Cypress Cove.
Also, WaterColor recently sold one of their homes for $500/sq ft. When the builders are trying to sell homes in WaterColor at $1,000/sq ft, tempers are sure to rise. WaterColor may be hurting itself.
Are they trying or selling? There's a big difference.
AAbsolute
Banned
Depends on the house. The larger the home, the less per square foot. The smaller the home the more per square foot. I don't have a formula per square foot. For me, square foot pricing is a number that is arrived at after the bid on all the parts of a home. We just add up the price to construct all the individual parts of a home and that's the number. When we get that sum, I divide it into the various square footages to show the price per square foot.
One recent bid on a turnkey project could be described as:
4,167 HVAC space @$133 is 554,211
1,360 Porch space @$85 is 115,600
The square foot price has nothing to do with obtaining a price. It is merely a general/probable analysis of the price that was derived at.