Realtor, ABR, SFR, TAHS
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
In response to Melissaâ€™s â€œit cost you nothingâ€ comment I get so tired of it cost you nothing to have representation answer. It does usually cost you indirectly, as a builder when I have an unrepresented client and when they ask directly, I deduct 3%-6% off the cost of the home depending on the subdivision. The money is â€œbuilt in for agent commissionsâ€ but it is a fee just like all other fees & cost associated with building a home. (See above) Now having given you the truth about costs let me give you the pluses of having a good RealtorÂ®. If you are doing a new construction build job the RealtorÂ® can be the perfect teammate; they will offer sound advice and give you guidance into finding other team members which can help the process go smoothly. The good ones usually know price is not negotiable but upgrades are and can help you get a better deal. Also since they are familiar with new construction they can help protect you from gouging from subcontractors and assist you in keeping a budget. They also will make sure your interests are protected since they have a fiduciary relationship with you. This requires a ton of work (at least 10 meetings) so interview several RealtorsÂ®, pick one with new construction experience, and finally pick a FULL TIME RealtorÂ®. In addition if you are interested in an inspection from a third party expect to pay 1500.00-2000.00 dollars for an inspector/ architect / engineer to be at all city inspections and be active during the process of building the home (this is a good idea), the builder should have no problem with this type of inspector but they may have a huge problem with a non-credentialed inspector coming in after the home is complete and making judgment calls about items they know little or nothing about. RealtorsÂ® love home inspections because it reduces liability to the RealtorÂ® if a problem arises. In our state we make clients sign a waiver if they do not want in inspection CYA. Good Luck!
Price will vary greatly. Average....probably $110 on a custom home. It all depends on lot size, location, and finish out. You might be able to build on a 1/5 acre with very basic finish out in the 70s/sqft range. High end finishes with lots of custom work might run in the 150s/sqft.
It will depend on things like carpet vs wood....what kind of wood, what kind of carpet.
Do you want factory cabinets or handbuilt on site.
Do you want thick slab granite in custom color or Wilsonart counter tops.
Do you want crown molding...where...4", 6" or layered....
What kind of appliances....GE from Lowes, or Wolf, Thermidor, Bosche, and Sub-Zero.
ALWAYS ALWAYS ALWAYS use a Realtor. You can see a small list of big things that can go wrong. When they do and you're on your own, get ready to get railroaded by the builder. Often when you have a realtor in your corner, this mistakes get rectified or resolved. Check out the link below.
Additionally, your Realtor will likely recommend having a 3rd party home inspection. The builder will tell you that you don't need one because you get to walk the home with their builder representative. However, the people actually doing the work are contractors and there have been plenty of issues with things not being done right in new construction.
Hire a Realtor and get a home inspection from a 3rd party. You will be glad that you did!
Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors