Real Estate Information Header

Master Builders Ask, Do You Know What Design/Build or Design/Construct Means? You Should


These real questions are answered by me and US Master Builders after receiving them from readers of my e-book, "Residential Development Made Easy."

Question 1.

'Design / Build,' sometimes called 'Design / Construct' is a development process where the contractor (the builder) engages all the consultants for the project and submits a price for the design and construction of the project to the developer meeting the developer's requirements as far as aesthetics and space requirements.

The builder, if awarded the project, goes ahead and builds the project without the developer having to deal with any consultant. This generally saves the developer the hassle of going through various tender exercises. Can you elaborate further on this issue please?

Master Builders & Developer's Reply:

Essentially what you have said above is correct, however as with most things in life, there is a "BUT" involved.

"But" - not all builders can provide 'Design / Build services.

Just because a builder can build a house, does not mean he can design one or supervise the design of one. Remember, in the pecking order of seniority in the industry, the designer architect usually 'tells' the builderwhat to do. 'Design / Build reverses these roles.

Builders are usually practical people - they get things done - and like to complain about the fancy ideas of designers. However it is the fancy ideas that distinguish your house for the one next door and makes it work better and sell better.

Now lets go up a few rungs on the builder expertise ladder to the Master Builders level. Well as with all human endeavors, there are different levels of expertise.

Design / Build is basically what I do at USA Master Builders.com (formally ProCustomHomes.com) except we have taken the process several steps further.

We call our Design / Build teams, "Residential Development Teams." Where we go further than other Master Builders is as follows:

* We do the basic market research for you.
* We create demand for the properties.
* We locate the buyers.
* We provide financing and insurance.
* We locate a developer who develops properties in a specific price range we've specified.

Question 2.

Will the builder be able to work out a package with me where I provide the initial concept and schematic design whist the builder provides all the working details and specifications to come to an agreed fixed price plus agreed profit?

Master Builders & Developer's Reply:

Depending upon the Master Builder you choose they should be able to do this for you. Let me walk you through how we work with developers.

Let's say that you've done your home work.

Know what property you want to build.

Know how much you want to budget for each property. (If not, we can assist)

I want you to tell me:

1) Fair Market Value $X

2) Appraised Value $X

3) Cost of each lot $X

4) How much you have budget for each property.

5) If you have floor plan that would be good. If not, we would help you with that. You would tell us what you have budgeted for each unit and ask us if we can build for that? We review the information, discuss details with you and give you a quote.

When we provide you with a final quote it is all inclusive.

It includes everything we can control. Included are the:

*Certified architect blueprints,

*Structural engineering reports,

*Cost for building the property,

*Providing financing for those who will be purchasing the property,

*Insurance for those purchasing the property,

*Realtors trained to sell and create a demand for your properties.

In addition, to the above we would provide you with a 100% Money Back Guarantee which simply stated, "If you don't like the property once it is completed you don't have to buy it."

We insist that you hire the property inspector of your choice to inspect the property BEFORE you take possession of it. We also provide you with daily video updates on the project so you have video documentation of the progress of your property.

Unlike a lot of builders we think "long term" not short term. We understand that we make our money building and you make your money selling at retail. If we want more business from you it's important to help to ensure your profitability as much as possible.

Question 3.

What kind of warranties do Master builders offer?

Master Builders & Developer's Reply:

Depends upon the property and place. Some areas require warranty on plumbing, gas lines, etc?

We provide all standard warranties in each area. In addition our structural warranty is 20 years instead of five or ten that local builders offer. Our roofs are 20 years. And, we have a 100% Money Back Guarantee to ensure you're not stuck with a lemon.

Oh yes, one last point that does not really come under warranties, but it does give peace of mind to out clients. Every part of the house we build for you is computerized for you.

So What?

Well let's say, in 4 years or 10 years, you have a window badly damaged, a door, a kitchen bench - whatever - think about what you would have to do to get it fixed. Well with us, you just phone or email - tell us which part you want replaced, it's exact location, and we'll have the exact part, in the right size, in the right material sent to you, after you have approved the pricing.

So you see that the "BUT" I mentioned above covers a lot that is within the term 'Design / Build.'

Author & $1.2 Billion Developer, Colm Dillon, Has Written The Best Selling Teaching 'How-To' E-book, "Residential Development Made Easy," With Readers In All States Of The USA, Canada, Australia, New Zealand, UK, Ireland and 79 Other Countries. His Independent Web Site is: http://www.realestatedevelopmentcoach.com/ez


MORE RESOURCES:

Target rejects Pershing's proposals on real estate structure
MarketWatch - 23 hours ago
Ackman had proposed that Target spin off the land it owns into a real estate investment trust in a bid to boost the company's value. ...
Target Corp. Won't Pursue Pershing Real-Estate Plans Wall Street Journal
Target rejects Pershing's real estate proposal Reuters
Target rejects Pershing's real estate proposal Bizjournals.com
WELT ONLINE - Reuters UK
all 417 news articles


Real-estate agents to buyers: Can we talk?
Seattle Times, United States - 13 hours ago
In the rapidly changing real-estate world, savvy agents say they're busy, not necessarily with customers, but with keeping up with the changes so they can ...
Slow housing market means more hours, more expenses for agents Seattle Times
all 2 news articles


Web sites offer real estate agent rankings
The Associated Press - 16 hours ago
LOS ANGELES (AP) — Word of mouth is one of the most common ways homebuyers and sellers find a real estate agent. Now, there are several Web sites that tout ...


NAR, REAL ESTATE CHANNEL Create Online News Partnership
MarketWatch - Nov 21, 2008
RealEstateChannel.com) is pleased to announce today that the NATIONAL ASSOCIATION OF REALTORS(R) has become a regular content contributor to the REAL ESTATE ...
Realtors content on Real Estate Channel Bizjournals.com
all 12 news articles


Real-estate investment firm fights to stay afloat
Arizona Republic, AZ - 18 hours ago
22, 2008 12:00 AM Last week, Phoenix-based real-estate investment firm Right Place Properties spent investors' money to purchase multifamily housing units, ...


Washington Times

Hypo Real Estate Gets EU20 Billion Guarantee From Rescue Fund
Bloomberg - Nov 21, 2008
21 (Bloomberg) -- Hypo Real Estate Holding AG, the German property lender bailed out by the German government and financial institutions last month, ...
Hypo Real Estate to receive euro20 billion loan The Associated Press
1-Hypo Real gets 20 bln euros in govt guarantees guardian.co.uk
DGAP-Adhoc: DEPFA Deutsche Pfandbriefbank AG: SoFFin grants EUR 20 ... Ad-Hoc-News (Pressemitteilung)
all 119 news articles


Reuters

Citigroup says commercial real estate bigger issue now for banks
Reuters - Nov 21, 2008
(Reuters) - Commercial real estate is becoming a bigger issue for US banks after the Treasury decided that funds under the Troubled Asset Relief Program ...
United States: Potential Real Estate Opportunities Under TARP Mondaq News Alerts (registration)
That Money Isn’t Leaving the Vault New York Times
all 37 news articles


Real estate group backs sick leave law challenge
Bizjournals.com, NC - Nov 21, 2008
Fearing a flight of businesses from the city of Milwaukee, leaders of a major organization of commercial real estate professionals have voted to support the ...


Real estate trophies on hold
Bizjournals.com, NC - 19 hours ago
A host of high-profile commercial real estate projects are having trouble getting off the ground in Houston. The economic downturn and national financial ...


Real estate recovery not seen until 2011
Seattle Post Intelligencer - Nov 21, 2008
By AUBREY COHEN That was the main message of the Seattle Urban Land Institute's Emerging Trends in Real Estate breakfast Thursday. ...
Seminar to give development overview Bizjournals.com
all 5 news articles

Real-Estate - Google News

General Real Estate Information HomeHome ContactContact
Real Estate Information © 2006