What are the Hidden Costs of Building a House - What you Should Know Before You Build a Home

What are the Hidden Costs of Building a House? When it comes to the home build process, it can be confusing & there are a lot of unknowns, especially for those of you who’ve never built a home. So, today I’m going to revel the hidden costs of building a house or, the Real Costs to Build a home so there are NO Surprises & to help you stay within your budget. I’ll cover everything from the base price of a home to builders increasing prices after you’ve signed a contract. This is what you should know before you build a home. Utah Realtor: Ty Wilde 801-995-2337 TyWilde7@gmail.com https://www.eaglemountain.com/ Wise Choice Real Estate Find me on Social Media: Instagram: https://www.instagram.com/ty_the_real_estate_guy/ Twitter: https://twitter.com/Ty_Wilde Facebook: https://www.facebook.com/TyTheRealEstateGuyUtah TikToc: https://vm.tiktok.com/ZMeBoRPK1/ FUN & Exciting things to do in Utah - Adventuretainment TV - /user/WildeKin ... Recommended Videos: The Guide for Buying a New Construction Home - /watch/QdKQOcV3i_L3Q How to Find a Homebuilder - /watch/AeSY6_daAmdaY Build vs buying existing - /watch/wehApRgRILvRA How to SAVE MONEY when Building a Home - /watch/cGkmCAJmAw2mm The 4-way walkthrough - /watch/02nETCp9t919E The Final Walkthrough - /watch/MrMkeYcRzh4Rk The MOST IN-DEPTH Video on HOW A HOUSE IS BUILT - /watch/EeIfgOHlL9plf Why You Need to Buy a House NOW - /watch/Af6AOZkSL1QSA The Home Build Timeline - /watch/EmxYt9YDDnfDY 10 questions to ask homebuilders - /watch/IWGurKVtgPntu How to Choose a Homesite – /watch/ssZ8XEHEeFDE8 Why you should Use the Builder Preferred Lender - /watch/YgA0Ib0eKHCe0 The home build process – Step by step - /watch/giY3YjE1C_013 How to Buy Your First Home - /watch/gcl7lrgl6WKl7 Buy vs Rent - /watch/cDu3tf1AW9mA3 Utah Videos: UTAH What You NEED to Know - /watch/oLOgx53eOC3eg Reasons NOT to Move to UTAH - /watch/c6g1A7TAN8LA1 Why You Should Move to Eagle Mountain - /watch/AW0_bKV8f1Z8_ Before you choose a homebuilder, you need to understand that they are all different & it’s hard to get an apples to apples comparison. It’s not as simple as looking the base prices of each builders & going with the one that offers the lowest price. I once worked for a builder that was the low-price leader wherever they built. A lot of people bought homes based off the starting price. But, as time passed, the builder got a reputation for nickel & diming people. Buyers would need to add thousands of dollars in upgrades to get the items that came standard with the other builders. A few years later, I worked for a mid-sized local builder that constructed high quality, beautiful homes & they offered upgrades at a fair price. My competition, was a large national builder with advertising all over town. Our starting prices were close, but we included more features & the other builder charged outrageously high prices for upgrades, drastically increasing the final price of the home. Not only did we offer a better product, but you could also get a similar home for tens of thousands of dollars less. It was shocking how many people blindly purchased from the other builder, never even stopping in to see what my builder was offering. The most important thing you can do to save money, is to select the best builder. As you do your research & you start looking at builders in the areas where you’d like to build a home, you will need to gather price sheets & get a list of the builders included features. Some builders offer a basic home with few upgrades while other builders include loads of great features. A great way to get a feel for what the builder is offering is to tour their model home. But, model homes can be highly upgraded & they are often loaded with expensive furniture & decorations. These things will make the home much more appealing. But, beauty doesn’t always equate to quality. As you walk through the model home, ask the salesperson to point out anything that’s an upgrade. I worked for a builder that would add more than $100,000 in upgrades to every model home. AND, they would add another $50,000 in furniture & decorations. When potential buyers would ask what’s upgraded, the only thing I could say is, Everything. Then, I’d refer them to our list of included features. #TytheRealEstateGuy #TyWildeUtahRealtor #UtahRealtor #UtahRealEstateAgent

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