Tips & Advice
How long does it take to build a house?
The time it takes to build a house varies, with the average time of the construction being 6-7 months from the time the permits are approved. If a customer chooses a personalized production home in a development, the construction phase can take only 4-5 months.
Custom homes take longer, for a few reasons: before the permits are approved, the custom design, floor plans and pre-construction process has to be complete, and this alone can take a few months. Getting financing and choosing a contractor can also add time to the process.
All home builds can be delayed due to weather, permit and inspection delays, waiting on construction material supplies, and disagreements between homeowner and contractor on design details.
Is it cheaper to build rather than buy a house?
It is not easy to figure out whether it’s cheaper to build a new house rather than buy. Industry reports show that the final price of a new construction home is significantly higher than buying an existing home. However, this isn’t necessarily an accurate side-by-side comparison, since new builds tend to be larger, more energy efficient, and more customized in terms of features and materials. Pre-existing homes will often end up requiring significant repairs, and ongoing upkeep.
What is a general contractor?
A general contractor is a company or individual that oversees an entire construction process and is responsible for pulling permits, liaising with inspectors, hiring subcontractors, working with homeowners and designers, and handling day-to-day oversight on the construction site.
How much does it cost to build a new house?
The cost to build a new house varies widely and is affected by many factors including the market, the specific location, the size of the house, what kinds of materials will be used, and what kinds of special features will go into the house. To get a better idea for price of new homes, start by researching comparable new builds in the area and neighborhood you’re interested in buying. Speak with architects and builders in your area. Also, read local blogs and trade websites. In general, the cost per square foot of a new development is $150.
How to choose a home builder
Choose a home builder based on their reputation for quality work, their style (it should match what you want in a home), their price, how busy they are, and how well they listen to and understand your needs. Take lots of time to research and interview. Read plenty of articles and profiles, ask people you trust for their recommendations, and ask your potential builders as many questions as you need to before committing. This is a major decision and above all you should not feel rushed or boxed into a decision.
What types of service do real estate agents provide?
Agents provide a wide range of services that can help you make a speedy and profitable real estate transaction. Real estate agents can assist sellers with marketing their homes, and this includes things like coordinating open houses and scheduling photography that presents the home in an appealing manner on real estate websites. Agents can assist both buyers and sellers with all aspects of the negotiation process, with the aim of helping to maximize profits on the transaction. Finally, agents can also support both property managers and tenants with property rental.
How long does it take to become a real estate agent?
It's possible to get the licensing you need to become a real estate agent in just a few weeks. Some states require you to take pre-licensing coursework, and this can range from 45-75 hours or more. If you choose to train for licensing at a real estate school, the educational requirements can usually be met in four to six months. Online real estate schools are also available, and these allow students to proceed at their own pace. At an online school, a motivated student can complete the coursework necessary for licensing in a few short weeks.
What is the difference between a real estate agent and a broker?
There are key differences between a real estate agent and a broker. A broker is typically an owner of a firm or franchise, and these professionals handle such tasks as setting up earnest-money accounts and approving final contracts. Agents are employed by brokers, and they split their commissions with these professionals. Relative to agents, brokers typically have to deal with more exams and a larger course load to obtain licensing.
How can someone become a real estate agent?
To become a real estate agent, you'll need to prepare for and pass a licensing exam. Pre-license education hours may be required, and the exact amount varies from state to state. Once you've passed the exam, the next step is to connect with a real estate broker. Agents act on behalf of a broker, and are not allowed to handle real estate transactions independently. The broker will assist in completing the final paperwork that will allow you to manage real estate transactions in your state. Some states require a broker to sponsor an agent prior to the agent's licensing exam.
What is a real estate agent?
A real estate agent is a professional who represents clients who are purchasing, selling, renting, or leasing property. Real estate agents need to be licensed in order to practice. These individuals usually work solely on commission, so it's necessary for them to close deals if they hope to generate income.