Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: BJungNan
I hope the land is not developed. Builders and Developers care nothing about the communities they develop. All they see is money. Tremendously overpriced and poorly constructed homes are popping up as fast as the illegal labor they've hired can build them.

I recently spoke with a former finance/personal accountant who worked for one of the major home builders in my area. I asked her what kind of profit does a typical home builder realize on the sale of one of his homes. She responded "around 30%". I said, "so, on a $200,000 home a builder could expect to make $50k-$60k?". She responded "yep".

My problem isn't profit but rather the matchbox size of these homes and the fact that some many are built with inferior materials. Then you have the unusable floor plans. They need redesigning from the moment you move in, I am left with no love for the average builder. It's clear to me that they are only in it for the money as evidenced by the exuberantly unwarranted and over inflated prices they want for these homes. They could not care less.
3 posted on 04/02/2007 5:54:11 AM PDT by Arcy
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Arcy

matchbox size ? around here new homes don't even get built unless they're at least 2200 sq ft, and most are closer to 3000 sq ft.

And why should developers "care" about the land ? Obviously the people who sold them the land don't "care", and the neighbors don't care enough to buy it and keep it off the market. Developers are in the market to build homes, not be altruists.


4 posted on 04/02/2007 6:43:27 AM PDT by cinives (On some planets what I do is considered normal.)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Arcy

We bought an existing home in '92, that had been built in '85.

Over the next 10 years, I found that scrimping of $100 by the builder had literally cost me thousands of dollars.

Lack of flashing between the deck and the house. Cost, a few bucks, repairs were around 600.

Lack of a torque arrester on the well. Cost around $7.00. Repair of well and replacement of pump, around $1200.

Lack of flashing where roof changed elevation, a few bucks cost. Repair of water damage down to the sub floor on the second level, a few thousand.

I could go on and on.

I always swore if I ever met the builder I would head butt him.


8 posted on 04/02/2007 8:48:44 AM PDT by TC Rider (The United States Constitution ? 1791. All Rights Reserved.)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Arcy
...I am left with no love for the average builder. It's clear to me that they are only in it for the money...

As opposed to all those altruistic homebuilders out there...?

14 posted on 04/03/2007 5:25:09 AM PDT by Oberon (What does it take to make government shrink?)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson