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Real Estate
Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How much are structural upgrade? What about design center upgrades? And finally lot up charges and upgrade like tray ceilings, home automation, extra lights and outlets etc? When do we find these things out...after we sign??[/quote] I can't imagine they won't show you prices until after you've signed[/quote] I heard they won’t share info until after you sign...everything is in stages and you won’t see stage 2 until stage 1 is signed. Hope I’m wrong, but that’s what the internet is showing. First you pick your home/lot/structural upgrades...then after signing, you pick your other upgrades like driveway/extra lights/alarm/smart home etc...then after agreeing to that, you go to design center and add your options...it’s not all upfront. That’s what I’m seeing at least.[/quote] FWIW, you can go to their design studio and tell them your development and they can give you a price list. I've read that about TB.[/quote] +1 to this. And as an additional FWIW, I was also immediately given a price list with the different elevations by TB without even asking during my first visit to the model. Any builder I've ever worked with has also been willing to give me a full options list before signing--I haven't yet decided if we're going to build with TB, but I would be very wary if they didn't do that. The problem with the options list is it can be very hard to understand and very long, but can give you a good sense of what you may be paying. I do think there is a learning curve when it comes to buying a new build, no matter who the builder is, in understanding the process and a lot of things can feel like a surprise. And, even if your builder has a great reputation BRING IN AN OUTSIDE INSPECTOR at both the framing and completion stage. If helpful for anyone, this is the process I've been though that seems pretty standard: -At signing: You'll put down a deposit (sometimes a certain percentage of the house, sometimes a set amount) as well as a percentage of the total cost of your structural upgrades at signing. Very generally, you can guesstimate a 20-30k lot premium if you want a bigger lot or one with privacy and can also assume that any major structural updates (as in an extra bedroom suite, finished basement, etc.) will cost around 30k each. In addition, the elevations usually get more expensive in 10k increments. While you may have 5-15k thousand extra added in for other miscellaneous upgrades for things like additional windows, french doors, or a fireplace or what have you, the lot and the bigger structural options will be the big ticket items at the start. -After signing/before design: You'll put down another percentage of the total cost of any electrical updates you make. Typically much less than 10k. -At design: Unless you go super top of the line with all your design choices, 30-50k in those upgrades as a max. -At closing, obviously the rest of whatever you will be putting down as your downpayment. At the risk of stating the obvious, all of the above is "credited" to the downpayment. [/quote]
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