1 00:00:13,970 --> 00:00:17,450 Hey everyone, Steven and Brian here with Brevin Holmes. 2 00:00:17,450 --> 00:00:20,810 We're back for episode number three of our podcast. 3 00:00:20,930 --> 00:00:24,810 And yeah, just excited to be back and share some more 4 00:00:24,810 --> 00:00:28,330 knowledge on this third week of the episode or the third week of 5 00:00:28,730 --> 00:00:32,420 the podcast. Brother, so yeah, thanks 6 00:00:32,420 --> 00:00:36,140 everybody for tuning in once again and we've got I think a 7 00:00:36,140 --> 00:00:38,540 beneficial topic this week for a lot of people. 8 00:00:38,580 --> 00:00:42,540 You know it's going to shed some light on what they can expect 9 00:00:42,940 --> 00:00:47,140 going into the design or the preconstruction stuff as well as 10 00:00:47,140 --> 00:00:48,900 construction. You know, just kind of set the 11 00:00:48,900 --> 00:00:52,940 the precedent up front of what they can expect time wise. 12 00:00:52,940 --> 00:00:57,180 So you know today. We're going to cover basically 13 00:00:57,180 --> 00:00:59,540 an overview of the preconstruction and the 14 00:00:59,540 --> 00:01:03,180 construction process and what that timeline looks like for 15 00:01:03,500 --> 00:01:05,379 kind of each of those individual topics. 16 00:01:05,379 --> 00:01:11,500 So yeah, we've broken it down to about basically 10 to 11 tips. 17 00:01:11,500 --> 00:01:15,180 You know, we might have a bonus or two in there at the end, but 18 00:01:15,180 --> 00:01:16,460 you know, we're going to break it down. 19 00:01:16,850 --> 00:01:21,690 Into those different categories or items and then we'll discuss 20 00:01:21,690 --> 00:01:24,290 a little bit more about each and then also talk about the 21 00:01:24,610 --> 00:01:27,290 timeline of each, you know and how long you can expect each one 22 00:01:27,290 --> 00:01:28,810 to take. And then kind of wrap it up at 23 00:01:28,810 --> 00:01:33,370 the end of about overall how long you can expect this entire 24 00:01:33,370 --> 00:01:35,290 process to take of building a custom home. 25 00:01:35,410 --> 00:01:38,290 So anyways, Brian, glad to. Be here with you. 26 00:01:40,130 --> 00:01:43,250 Absolutely. We're three for three on our 27 00:01:43,610 --> 00:01:45,730 accountability with each other getting this going, so. 28 00:01:46,580 --> 00:01:52,340 Again like you said excited to be here and we have 1010 or 11 29 00:01:53,420 --> 00:01:59,140 steps if you will. Now other builders may have a 30 00:01:59,140 --> 00:02:03,660 different set of steps or process that they take, but at 31 00:02:03,660 --> 00:02:08,860 the end of the day your your goal is to have a a dream custom 32 00:02:08,860 --> 00:02:12,590 home built. And so there are steps that have 33 00:02:12,590 --> 00:02:14,710 to be followed. It's just in in what order and 34 00:02:14,710 --> 00:02:17,950 how long it takes. So let's jump right in #1, 35 00:02:17,950 --> 00:02:19,870 deciding if a custom home is right for you. 36 00:02:19,870 --> 00:02:23,270 This is something we talked about in Episode 2. 37 00:02:23,270 --> 00:02:27,950 But what we found and why we put this as number one is there's a 38 00:02:27,950 --> 00:02:30,630 lot of people that have the intent or the idea that, hey, I 39 00:02:30,630 --> 00:02:34,270 want to build a custom home, but as they learn more about what it 40 00:02:34,270 --> 00:02:37,990 entails. We keep going back to the budget 41 00:02:37,990 --> 00:02:41,030 or the timeline. A lot of people eventually as 42 00:02:41,030 --> 00:02:43,150 they're more informed and educated, they say, yeah, this 43 00:02:43,150 --> 00:02:46,470 just isn't right for me. So you have to start there and 44 00:02:46,470 --> 00:02:51,270 you have to really do your, your homework on, hey, do I want to 45 00:02:51,270 --> 00:02:55,110 go through with this and with the right parties, obviously 46 00:02:55,110 --> 00:02:57,750 being a a builder that you choose. 47 00:02:58,270 --> 00:02:59,430 Steven, what else would you add to that? 48 00:03:00,190 --> 00:03:01,950 Yeah. No, I think that's well said. 49 00:03:01,950 --> 00:03:06,510 And you know, we don't want this to be by any means a scare 50 00:03:06,510 --> 00:03:08,110 tactic, right? Of course, our goal is to 51 00:03:08,150 --> 00:03:10,830 educate people and make them want to build a custom home. 52 00:03:10,830 --> 00:03:14,270 So I do agree though that, you know, there are a lot of people 53 00:03:14,270 --> 00:03:17,310 that say, hey, you know what, I don't have anywhere from, I 54 00:03:17,310 --> 00:03:19,750 mean, and we'll cover this in more detail, but you know, just 55 00:03:19,750 --> 00:03:22,310 throwing numbers out, I don't have two years to wait for a 56 00:03:22,310 --> 00:03:24,390 home, right? I I want to be into a home like 57 00:03:24,590 --> 00:03:27,020 tomorrow. You know, and so maybe a resale 58 00:03:27,020 --> 00:03:28,540 home is best for those people, right? 59 00:03:28,540 --> 00:03:30,700 Or we have people that, you know what? 60 00:03:30,700 --> 00:03:33,060 I I would love a custom home. But you know what? 61 00:03:33,060 --> 00:03:35,060 I'm just not there yet with my budget, right? 62 00:03:35,220 --> 00:03:37,340 And and that's not something they're comfortable stretching 63 00:03:37,340 --> 00:03:39,180 or they don't have the means for a custom home. 64 00:03:39,180 --> 00:03:42,140 So, you know, there's, there's different things there. 65 00:03:42,140 --> 00:03:44,660 And we've also even heard some people say, hey, you know what, 66 00:03:45,100 --> 00:03:47,900 I don't want to make hundreds of decisions, You know, I I just 67 00:03:47,900 --> 00:03:50,740 kind of want something that I can move into, you know, so. 68 00:03:51,680 --> 00:03:54,040 That's why we build spec homes. You know, there's other builders 69 00:03:54,040 --> 00:03:56,560 that build different things and there's production homes and 70 00:03:56,560 --> 00:03:58,920 there's resale homes. So, you know, there's homes out 71 00:03:58,920 --> 00:04:02,160 there for basically anybody who's searching, right? 72 00:04:02,160 --> 00:04:03,440 And it just depends on what you want. 73 00:04:03,440 --> 00:04:06,200 But on the other hand, you know, people find a lot of value in a 74 00:04:06,200 --> 00:04:08,400 custom home because they get exactly what they want. 75 00:04:08,520 --> 00:04:10,880 They get to customize it. They get the floor plan, they 76 00:04:10,880 --> 00:04:14,280 get the functionality, they get everything tailored to their 77 00:04:14,280 --> 00:04:17,760 family and their ones and their design style, and they get 78 00:04:17,760 --> 00:04:20,079 something that they're very, very proud of and happy to. 79 00:04:20,680 --> 00:04:24,960 Host friends and family and you know, have holidays there and 80 00:04:25,280 --> 00:04:27,480 all kinds of stuff. So, right, that's the other side 81 00:04:27,480 --> 00:04:31,000 of it is that people are just ecstatic to to build a custom 82 00:04:31,000 --> 00:04:33,720 home for the most part when everything aligns right, the 83 00:04:33,720 --> 00:04:37,640 timeline, the budget, you know, the decision making and all that 84 00:04:37,640 --> 00:04:39,120 kind of stuff. You know, there are people that 85 00:04:39,440 --> 00:04:42,880 love to take that on and love to have that control and what 86 00:04:42,880 --> 00:04:46,640 better to control than a full custom home for yourself and 87 00:04:46,640 --> 00:04:49,480 your family. And yeah, it's a really cool 88 00:04:49,480 --> 00:04:52,310 process, so. Anyways, just talking a little 89 00:04:52,310 --> 00:04:55,390 bit more there, you know, and and we talked a little bit last 90 00:04:55,390 --> 00:04:58,390 week on, you know, design deciding if custom home building 91 00:04:58,390 --> 00:05:00,630 is right for you. So if you didn't listen to that 92 00:05:00,630 --> 00:05:05,230 episode, good one to reference back to and you know, kind of 93 00:05:05,230 --> 00:05:07,390 get a little bit more information there. 94 00:05:09,630 --> 00:05:14,150 Yeah, I think jumping into the next point #2 would be selecting 95 00:05:14,150 --> 00:05:16,070 a builder, right? So you've decided that custom 96 00:05:16,070 --> 00:05:19,790 home building is right for you. Now is the time to go shop for 97 00:05:19,790 --> 00:05:22,110 builders, right. And and some of these things 98 00:05:22,110 --> 00:05:24,070 like Brian mentioned, they can be concurrent. 99 00:05:24,390 --> 00:05:27,030 So you you know they can and they can also kind of go in 100 00:05:27,030 --> 00:05:30,070 different orders. So it's not set in a hard, fast 101 00:05:30,070 --> 00:05:32,550 rule that you know #2 is always going to search for your 102 00:05:32,550 --> 00:05:36,350 builder. But our our theory and our, our 103 00:05:36,350 --> 00:05:40,790 experience is that the sooner you can rope a builder into this 104 00:05:40,790 --> 00:05:43,030 whole process the better because they're. 105 00:05:43,520 --> 00:05:45,080 Meant to be a consultant for you. 106 00:05:45,400 --> 00:05:50,440 They're meant to help shed some light on things and really bring 107 00:05:50,920 --> 00:05:54,640 an outside perspective to people that maybe don't know as much 108 00:05:54,640 --> 00:05:57,760 about home building. And you know, even to the 109 00:05:57,760 --> 00:05:59,360 architect, you know it's it's a good. 110 00:05:59,870 --> 00:06:02,310 The builder roped in before you get to that design phase. 111 00:06:02,310 --> 00:06:05,070 So that's why we believe that even selecting a builder 112 00:06:05,070 --> 00:06:07,150 sometimes before you go pick a lot, right. 113 00:06:07,230 --> 00:06:10,670 A builder can give a lot of valuable insight on certain lots 114 00:06:10,710 --> 00:06:13,190 and things that might make something cheaper or more 115 00:06:13,190 --> 00:06:16,470 expensive throughout the build. So what are your thoughts there 116 00:06:16,470 --> 00:06:23,310 Brian? I would add that the longer you 117 00:06:23,310 --> 00:06:25,710 wait to find the builder that you. 118 00:06:26,660 --> 00:06:29,060 Believe in you, trust you are confident in. 119 00:06:29,060 --> 00:06:34,460 You're excited to work with. The more of a chance there is 120 00:06:34,460 --> 00:06:43,300 for unintended delays or or going back and doing work that's 121 00:06:43,300 --> 00:06:45,220 already been done to your point, right? 122 00:06:46,260 --> 00:06:50,860 And we found that if you come to the builder with a. 123 00:06:51,760 --> 00:06:56,520 Floor plan and a lot and say, hey build this house for me. 124 00:06:56,960 --> 00:07:00,240 They might say, look there's a better way to do this, let's 125 00:07:00,240 --> 00:07:05,280 redesign this because it's going to save you $100,000 or we can 126 00:07:05,280 --> 00:07:08,480 do this and it's going to cut down on your timeline by six 127 00:07:08,480 --> 00:07:11,040 months, right. So that's why pulling in a 128 00:07:11,040 --> 00:07:18,200 builder earlier is is always better but the the longer you 129 00:07:18,200 --> 00:07:20,680 wait not saying that it's going to be. 130 00:07:22,190 --> 00:07:26,310 Messy, but there's just a greater chance for some some 131 00:07:26,310 --> 00:07:28,630 bumps in the road that we just have to work through. 132 00:07:28,950 --> 00:07:38,590 So number #3, which could be #1 or #2 or early on is purchasing 133 00:07:38,590 --> 00:07:42,750 that lot, finding that, finding that dirt to put your custom 134 00:07:42,750 --> 00:07:46,270 home. So as Steven said, working with 135 00:07:46,270 --> 00:07:49,310 the builder before you have a lot is is never a bad thing. 136 00:07:49,670 --> 00:07:51,950 Never. But we understand many people 137 00:07:51,950 --> 00:07:56,870 have been sitting on their their lot for maybe years or even 138 00:07:56,870 --> 00:07:59,790 decades and they're just waiting for the right time of their life 139 00:07:59,790 --> 00:08:01,790 to build that custom home. Totally get it. 140 00:08:01,790 --> 00:08:04,350 And that may be again, why it might be the first thing you've 141 00:08:04,350 --> 00:08:08,230 done. But it it's important to have a 142 00:08:08,230 --> 00:08:11,710 builder as early as possible to say, hey, where do we position 143 00:08:11,710 --> 00:08:15,430 this house on this lot to minimize. 144 00:08:16,220 --> 00:08:19,740 Costs or get it positioned right for a pool or There's a lot of 145 00:08:19,740 --> 00:08:24,340 different different topics and things to address when we're 146 00:08:24,340 --> 00:08:28,620 talking about what house is going where on that particular 147 00:08:28,620 --> 00:08:29,580 lot. Right. 148 00:08:30,380 --> 00:08:31,500 Yep. Yep. 149 00:08:31,700 --> 00:08:34,059 That's all a lot of good stuff there. 150 00:08:34,220 --> 00:08:37,659 And yeah, I think a lot is something that, like you said, 151 00:08:37,659 --> 00:08:41,100 it can fall in many different places in this timeline, but. 152 00:08:41,940 --> 00:08:44,420 Definitely something that you know you want to address sooner 153 00:08:44,420 --> 00:08:47,100 rather than later and know where you're going to build your home. 154 00:08:47,100 --> 00:08:50,100 And it's best to have the lot 1st and then design the home to 155 00:08:50,100 --> 00:08:53,900 the lot, especially for custom. Because a lot of times with 156 00:08:53,900 --> 00:08:57,220 custom homes, you're trying to capture some special feature, 157 00:08:57,340 --> 00:09:01,980 you know, whether that's a view or you're on a lake or a river, 158 00:09:01,980 --> 00:09:05,300 or you know there's topography on the lot or trees you want to 159 00:09:05,300 --> 00:09:08,540 protect or utilities are better in one area than another, you 160 00:09:08,540 --> 00:09:10,160 know? Things like that, there's a lot 161 00:09:10,160 --> 00:09:12,640 of different things to go into that and that's why a builders 162 00:09:12,640 --> 00:09:15,040 perspective, you know, roping the builder in before you even 163 00:09:15,080 --> 00:09:18,800 find a lot sometimes is is advantageous but not required, 164 00:09:18,800 --> 00:09:20,160 right. You know, like Brian said, if 165 00:09:20,160 --> 00:09:22,840 you've been sitting on a family lot for decades and it's 166 00:09:22,840 --> 00:09:25,160 something that you really want to build on, I mean it's it's 167 00:09:25,160 --> 00:09:28,720 usually doable but it's just, you know, there's things that 168 00:09:29,800 --> 00:09:32,560 you know, it's advantageous to rope that builder in before you 169 00:09:32,560 --> 00:09:34,440 get to the the lot purchase phase. 170 00:09:34,680 --> 00:09:38,100 But yeah. Yeah, once you have a lot, you 171 00:09:38,100 --> 00:09:42,500 know, I think the next step is #5 or are we on four? 172 00:09:42,620 --> 00:09:46,020 I think we're on four. Yeah, sorry, #4 is going to be 173 00:09:47,140 --> 00:09:51,060 designing with an architect in the builder and a designer, 174 00:09:51,100 --> 00:09:55,660 right. So and we say all three of those 175 00:09:55,660 --> 00:09:58,540 because it really takes a team effort, you know, and of course 176 00:09:58,540 --> 00:10:01,180 the client is going to be the one driving that conversation, 177 00:10:01,180 --> 00:10:03,980 but they need to. Have those other three parties 178 00:10:03,980 --> 00:10:07,540 involved, the architect, the builder, and the designer, so 179 00:10:07,540 --> 00:10:09,900 that everybody can put their two cents into it, right? 180 00:10:09,900 --> 00:10:12,100 Sometimes the designer might say, hey, look, I love what 181 00:10:12,100 --> 00:10:14,260 architects saying and the builders saying, but you know 182 00:10:14,260 --> 00:10:16,300 what? We want to do wallpaper on this 183 00:10:16,300 --> 00:10:17,700 wall, right? Let's make sure it's not 184 00:10:17,700 --> 00:10:19,380 textured, Let's make sure it's smooth. 185 00:10:19,380 --> 00:10:22,220 It might make more sense to put the door over here so it doesn't 186 00:10:22,220 --> 00:10:25,100 mess with your wallpaper, you know, things like that, right? 187 00:10:25,100 --> 00:10:26,820 So that's all the way down to the design. 188 00:10:27,650 --> 00:10:30,170 The architect, you know, it's going to have some cool ideas 189 00:10:30,170 --> 00:10:34,130 and help try to capture your inspiration, photos or whatever 190 00:10:34,130 --> 00:10:35,570 things you come to the table with. 191 00:10:36,330 --> 00:10:38,850 And then of course, it's up to the builder to try to pull all 192 00:10:38,850 --> 00:10:42,050 that together and be the the connector of everything, right, 193 00:10:42,050 --> 00:10:44,850 to make sure that, Yep, wallpaper would work on that 194 00:10:44,850 --> 00:10:46,970 wall. You know, I love the way that 195 00:10:46,970 --> 00:10:49,650 the architects design this, but you know what? 196 00:10:49,650 --> 00:10:52,370 Just from what we've seen, you know it's cheaper to. 197 00:10:54,230 --> 00:10:56,950 You know they they've got feedback you know and making 198 00:10:56,950 --> 00:11:00,270 rooms smaller and hey do this do that tweak things here and there 199 00:11:00,630 --> 00:11:02,710 they've got their builder feedback that's going to help 200 00:11:02,710 --> 00:11:07,630 you really be able to value engineer I think is kind of a 201 00:11:07,670 --> 00:11:10,670 term that you know most builders like to throw around and and 202 00:11:11,190 --> 00:11:12,830 yeah that's really what they're there for right. 203 00:11:12,830 --> 00:11:15,510 Try to help you get the most value out of this home that 204 00:11:15,510 --> 00:11:18,510 you're. You're designing, so the 205 00:11:18,510 --> 00:11:21,710 important piece here is that there is a. 206 00:11:22,500 --> 00:11:27,140 A cohesive team that works really well together and this 207 00:11:27,140 --> 00:11:32,460 will pay massive dividends later in terms of just the the 208 00:11:32,460 --> 00:11:37,580 smoothness of the progression of the build in terms of the 209 00:11:37,580 --> 00:11:41,490 architect is working with. All four parties, the architect, 210 00:11:41,490 --> 00:11:44,970 the designer, the home, the the builder and the homeowners are 211 00:11:44,970 --> 00:11:49,130 all working together to achieve that, that goal of of the vision 212 00:11:49,130 --> 00:11:53,890 that you have for every, every corner, every inch of of that 213 00:11:53,890 --> 00:11:56,970 build. And if you can do that, it will. 214 00:11:57,170 --> 00:12:00,450 It will make things a lot smoother and give you more 215 00:12:00,450 --> 00:12:04,170 confidence fairly early on in the process that, hey, this is 216 00:12:04,170 --> 00:12:06,210 going to come to life exactly how I want it to. 217 00:12:06,250 --> 00:12:09,530 So good stuff. Yep, absolutely. 218 00:12:10,610 --> 00:12:13,610 Let's move on to #5, because that's a that's a beast. 219 00:12:13,690 --> 00:12:18,250 This one is certainly a a topic that deserves its its own 220 00:12:18,450 --> 00:12:21,890 episode, as we've said on a lot of different topics thus far. 221 00:12:21,890 --> 00:12:26,330 So we we we're certainly not short on things to talk about as 222 00:12:26,330 --> 00:12:30,070 we expand this, but what's #5? Yeah. 223 00:12:30,070 --> 00:12:33,830 So #5 is going to be a preliminary building agreement. 224 00:12:33,830 --> 00:12:35,950 Now that can look a lot of different ways for a lot of 225 00:12:35,950 --> 00:12:40,030 different builders, right? But we've found success in, you 226 00:12:40,030 --> 00:12:45,350 know, doing the legwork upfront to find out a lot more 227 00:12:45,350 --> 00:12:48,870 information about a client's build right before we even get 228 00:12:48,950 --> 00:12:55,270 to numbers or design. Like truly selecting things and 229 00:12:55,790 --> 00:12:57,790 all that kind of stuff right before you get into the 230 00:12:57,790 --> 00:13:00,740 nittygritty. Us as builders, we want to know 231 00:13:00,740 --> 00:13:02,420 a lot more about your project, right. 232 00:13:02,420 --> 00:13:04,700 And the way that that is best captured is through a 233 00:13:04,700 --> 00:13:08,220 preliminary building agreement or what some people abbreviate 234 00:13:08,220 --> 00:13:10,780 that to as a PBA, right. So if you ever hear us referred 235 00:13:10,780 --> 00:13:13,260 to it as a PBA, that is a preliminary building agreement. 236 00:13:13,660 --> 00:13:16,180 And like I said, every builder is a little bit different, but 237 00:13:16,180 --> 00:13:17,700 we found some good success with this. 238 00:13:17,700 --> 00:13:21,860 So a PBA is basically going to cover your the phase of the 239 00:13:21,860 --> 00:13:23,220 building where we're going through. 240 00:13:23,220 --> 00:13:25,660 The architect has already finalized the plans. 241 00:13:25,660 --> 00:13:27,820 The clients have signed off on those plans. 242 00:13:28,970 --> 00:13:32,290 You know, the designer has put their input onto basically the 243 00:13:32,290 --> 00:13:34,130 exterior design for the most part. 244 00:13:35,050 --> 00:13:39,450 And the builder has, you know, basically put their soft stamp 245 00:13:39,450 --> 00:13:41,410 on the plans to say, Yep, let's push this forward. 246 00:13:41,410 --> 00:13:43,890 So then you go into that PBA or the preliminary building 247 00:13:43,890 --> 00:13:47,770 agreement where we're going to work with engineers, we're going 248 00:13:47,770 --> 00:13:50,570 to work with the takeoff and estimating companies, we're 249 00:13:50,570 --> 00:13:53,050 going to work with all of our trades and vendors and 250 00:13:53,050 --> 00:13:55,720 suppliers. To go out and do the legwork 251 00:13:55,840 --> 00:13:59,040 upfront and before the build even starts, anybody breaks 252 00:13:59,040 --> 00:14:02,560 ground before permitting is approved to know exactly what 253 00:14:02,560 --> 00:14:05,160 that build is going to look like from a cost perspective and a 254 00:14:05,160 --> 00:14:07,920 time perspective. So we do that legwork. 255 00:14:07,920 --> 00:14:11,000 Some builders don't do it that way, but we've seen good 256 00:14:11,000 --> 00:14:14,000 success. So Brian, I'm sure I'm missing a 257 00:14:14,000 --> 00:14:16,200 lot there. So go ahead and fill in the the 258 00:14:16,200 --> 00:14:20,000 listeners. You covered the majority of it. 259 00:14:20,000 --> 00:14:22,200 I think that's that's important is. 260 00:14:22,890 --> 00:14:29,810 That it really is touching every single trade that we either 261 00:14:30,050 --> 00:14:33,170 intend to use or might use on your house because we have a 262 00:14:33,170 --> 00:14:37,810 database of hundreds to make sure that we are achieving the 263 00:14:37,810 --> 00:14:43,490 budget and the timeline and the quality and and so yes, the 264 00:14:43,770 --> 00:14:48,010 preliminary building agreement goes into all that that is to 265 00:14:48,010 --> 00:14:54,350 the deliverable of the PBA is a. Fixed price contract for us, we 266 00:14:54,350 --> 00:14:58,070 know other builders may do it differently as well as a 267 00:14:58,670 --> 00:15:04,470 timeline of that build and we turn that over to you said 268 00:15:04,470 --> 00:15:07,590 here's here's what your build is going to cost with appropriate 269 00:15:07,590 --> 00:15:13,350 allowances for those selection items and here is the timeline 270 00:15:13,350 --> 00:15:14,750 it's going to take to complete your home. 271 00:15:15,040 --> 00:15:18,840 And the preliminary building agreement is is not free. 272 00:15:18,840 --> 00:15:23,000 Obviously we have costs in that to to work with engineers, to 273 00:15:23,880 --> 00:15:26,240 engineer the foundation, engineer the frame. 274 00:15:27,110 --> 00:15:30,630 And and do a lot of other lot of other work to organize all of 275 00:15:30,630 --> 00:15:33,750 that information. But it's it's a really, really 276 00:15:33,750 --> 00:15:37,550 important step and something that our our clients that have 277 00:15:38,270 --> 00:15:42,910 done this with us have really appreciated to just have this 278 00:15:42,910 --> 00:15:45,990 information, have have all so much information up front before 279 00:15:45,990 --> 00:15:49,070 the build even starts. One other important point to to 280 00:15:49,070 --> 00:15:54,260 take here is at this point. You could still essentially go 281 00:15:54,260 --> 00:15:57,260 to a different builder with the deliverable of this project. 282 00:15:57,260 --> 00:16:01,340 You're not tied to any one builder because they have gone 283 00:16:01,340 --> 00:16:02,660 and done the. Engineering work. 284 00:16:02,700 --> 00:16:05,860 It's it's just that, hey, there's work that has to be done 285 00:16:06,140 --> 00:16:11,020 to give to give the homeowner confidence that this is how much 286 00:16:11,020 --> 00:16:13,780 this is going to cost or this is the scope of this project and 287 00:16:13,780 --> 00:16:17,030 this is what it entails. If this work has not been done 288 00:16:17,030 --> 00:16:20,270 and a builder is telling you those things, they're using 289 00:16:20,510 --> 00:16:25,230 rough estimates based off of their experience or or history, 290 00:16:25,230 --> 00:16:29,350 and that can be that can be really tough to just feel 291 00:16:29,350 --> 00:16:32,470 confident. It can be hard to feel confident 292 00:16:32,470 --> 00:16:35,270 in those nuts. So in a nutshell, that's what 293 00:16:35,270 --> 00:16:38,350 the PBA entails. Again, that certainly deserves 294 00:16:38,350 --> 00:16:41,350 its own episode, so we'll get into that in a future episode. 295 00:16:41,630 --> 00:16:45,660 Moving on to #6. Is a building agreement or a 296 00:16:45,660 --> 00:16:46,900 building contract? What? 297 00:16:46,900 --> 00:16:51,260 What does that? Look like Steven, yeah, so you 298 00:16:51,260 --> 00:16:53,860 know like Brian said the deliverable at the end of that 299 00:16:53,860 --> 00:16:59,100 PBA or that preliminary building agreement is for us to provide 300 00:16:59,100 --> 00:17:02,860 the clients with a a fixed price building contract, right. 301 00:17:02,860 --> 00:17:04,980 And like we said, not everybody's doing fixed price, 302 00:17:04,980 --> 00:17:06,859 you know some builders are doing cost plus. 303 00:17:07,890 --> 00:17:11,210 But really that's the next step in this process is a builder to 304 00:17:11,210 --> 00:17:13,810 present a building contract whether that's fixed price or 305 00:17:13,810 --> 00:17:18,410 cost plus to the clients and and you know come to an agreement on 306 00:17:18,410 --> 00:17:21,130 that contract, right. So has the builder done all that 307 00:17:21,130 --> 00:17:23,290 legwork? Has the builder, you know, built 308 00:17:23,290 --> 00:17:25,130 other homes right around the corner, I mean how are they 309 00:17:25,130 --> 00:17:27,930 coming up with these numbers and that's a good thing for. 310 00:17:29,210 --> 00:17:32,050 You know, clients and future homeowners to ask those 311 00:17:32,050 --> 00:17:34,090 questions, right. How did the builder derive at 312 00:17:34,090 --> 00:17:36,730 these numbers that they're putting in the initial building 313 00:17:36,730 --> 00:17:40,050 agreement and in the timeline as well, right? 314 00:17:40,050 --> 00:17:42,410 How can they feel confident and how can the clients feel 315 00:17:42,410 --> 00:17:45,010 confident in their answers, right, If they've gone out and 316 00:17:45,010 --> 00:17:48,410 done all that legwork of the criminal building agreement, it, 317 00:17:48,730 --> 00:17:50,330 it should be an easy answer, right? 318 00:17:50,330 --> 00:17:52,770 But if the builder says, well, you know, we built another home 319 00:17:52,770 --> 00:17:55,730 in a different city and it came in at this price and it was 320 00:17:55,730 --> 00:17:58,800 pretty similar home. You know, I mean that's not your 321 00:17:58,800 --> 00:18:00,400 home, that's not your lot, right. 322 00:18:00,400 --> 00:18:03,040 So there's a lot of different variables there that you know, 323 00:18:03,040 --> 00:18:05,160 you just need to question and be aware of and right. 324 00:18:05,560 --> 00:18:08,000 But if you've done the right job on selecting a builder and you 325 00:18:08,000 --> 00:18:10,560 feel good about the products they've designed and done and 326 00:18:11,560 --> 00:18:13,600 you know they have a good reputation and come highly 327 00:18:13,600 --> 00:18:16,840 referred, you know, I, I think you can feel a little bit better 328 00:18:16,840 --> 00:18:18,600 about going into that building agreement. 329 00:18:18,600 --> 00:18:20,960 But of course, once again disclaimer. 330 00:18:21,410 --> 00:18:25,010 We are not lawyers, legal. We have no legal background. 331 00:18:25,090 --> 00:18:27,850 You know, please, please, please consult anytime you're going to 332 00:18:27,850 --> 00:18:31,370 sign a contract or an agreement, make sure you know what you're 333 00:18:31,370 --> 00:18:35,050 signing and be very aware. Read through it, you know, be 334 00:18:35,570 --> 00:18:38,050 fully informed. Make sure that the other party 335 00:18:38,050 --> 00:18:41,850 is fully informed and informing you and then you know, seek 336 00:18:41,850 --> 00:18:43,490 legal counsel if you feel you need to. 337 00:18:44,450 --> 00:18:47,220 Brian. I think you covered that. 338 00:18:47,220 --> 00:18:50,700 Well, let's, let's move on that that's certainly there's there's 339 00:18:50,700 --> 00:18:53,940 more to cover there but at a high level that that's really 340 00:18:53,940 --> 00:18:55,580 the the gist of a building agreement. 341 00:18:55,860 --> 00:18:59,020 The next step or what's going on you could argue concurrently is 342 00:18:59,340 --> 00:19:03,580 the financing piece. So who is, how is this home 343 00:19:03,580 --> 00:19:06,580 going to be financed, are you bringing cash if so that's. 344 00:19:07,010 --> 00:19:12,250 Much faster to to move forward with, but many people do come 345 00:19:12,250 --> 00:19:16,250 with a construction loan and that's that's perfectly fine. 346 00:19:16,250 --> 00:19:21,570 But there there takes the banks take time, it takes time to work 347 00:19:21,570 --> 00:19:24,570 on a construction loan that can take anywhere from one to three 348 00:19:24,570 --> 00:19:28,010 months in terms of paperwork and setting up closing. 349 00:19:28,010 --> 00:19:33,210 So we'd like to do the the financing or the construction 350 00:19:33,210 --> 00:19:38,850 loan after we have provided a. Fixed price number, so that you 351 00:19:38,850 --> 00:19:42,530 can confidently go to the bank and say this is how much this is 352 00:19:42,530 --> 00:19:46,170 going to cost and get get a loan for that amount. 353 00:19:46,330 --> 00:19:52,690 So when the construction loan closes, we'd like to quickly 354 00:19:52,690 --> 00:19:55,450 move forward with construction. So we want to have all of that 355 00:19:55,810 --> 00:20:00,290 preconstruction work basically done before the construction 356 00:20:00,290 --> 00:20:02,930 loan closes because most lenders or banks. 357 00:20:03,420 --> 00:20:05,700 Give a construction loan a 12 month term. 358 00:20:06,020 --> 00:20:09,940 Now there's a possibility for extensions if actual 359 00:20:09,940 --> 00:20:13,380 construction goes beyond 12 months, but that's why we don't 360 00:20:13,380 --> 00:20:17,060 like to sign off or start a construction loan earlier than 361 00:20:17,060 --> 00:20:20,020 we really need to. So again, lot of work that goes 362 00:20:20,020 --> 00:20:22,700 into preconstruction where you don't need a construction loan. 363 00:20:22,820 --> 00:20:26,140 So Steven, what else did I miss on the financing piece? 364 00:20:28,180 --> 00:20:30,830 Yeah. Yeah, I think that sums it up 365 00:20:30,830 --> 00:20:32,350 well. And every bank is going to be 366 00:20:32,350 --> 00:20:34,990 unique in their own way, right. We found good success with 367 00:20:35,110 --> 00:20:37,110 working with local credit unions. 368 00:20:37,590 --> 00:20:41,030 They usually get the best rates and have fair reasonable terms. 369 00:20:42,150 --> 00:20:45,230 But you know, I mean Brian mentioned some specifics there 370 00:20:45,230 --> 00:20:47,310 and we can cover a lot more on another episode. 371 00:20:47,310 --> 00:20:49,750 Maybe we could even get, you know one of our partner banks or 372 00:20:49,750 --> 00:20:53,870 somebody like that to shed some more light on this topic, but. 373 00:20:55,190 --> 00:20:58,350 You know, financing really is unique to the buyer and to the 374 00:20:58,350 --> 00:21:01,190 lender. So without getting into the 375 00:21:01,190 --> 00:21:04,030 nittygritty, you know, we can say that yeah, it usually takes 376 00:21:04,030 --> 00:21:07,550 about a month or so and we'll cover these timelines here in a 377 00:21:07,550 --> 00:21:09,670 little bit at the end of the episode just to recap. 378 00:21:09,670 --> 00:21:13,270 But you know the appraisal, certain other things if you're 379 00:21:13,270 --> 00:21:16,030 getting a loan can can extend that timeline. 380 00:21:16,030 --> 00:21:19,030 So yeah, no, I think that's well said. 381 00:21:19,030 --> 00:21:23,220 So moving on to the next point. You know, #8 is going to be 382 00:21:23,220 --> 00:21:25,340 permitting and approvals. So at this point you've got your 383 00:21:25,340 --> 00:21:27,580 preliminary building agreement, the builder's done, all the 384 00:21:27,580 --> 00:21:34,100 legwork of doing all the the, the design and the architects 385 00:21:34,100 --> 00:21:37,420 and all the other stuff that needs to come together for 386 00:21:37,420 --> 00:21:39,980 permitting. Sometimes, you know, local 387 00:21:39,980 --> 00:21:43,020 jurisdictions are going to have different requirements, so some 388 00:21:43,020 --> 00:21:46,420 people can even skip this step if they're building out in a 389 00:21:46,420 --> 00:21:49,940 rural area and there's no jurisdiction that governs. 390 00:21:50,780 --> 00:21:54,100 You know the building there. So yeah, permitting and 391 00:21:54,100 --> 00:21:56,180 approvals can look a lot different in a lot of different 392 00:21:56,180 --> 00:21:59,820 areas, but where we typically build, you know permitting is 393 00:21:59,820 --> 00:22:01,500 something that you want to have all your. 394 00:22:01,500 --> 00:22:03,580 Ducks in a row. You want to be basically ready 395 00:22:03,580 --> 00:22:06,180 to build and start breaking ground as soon as those permits 396 00:22:06,180 --> 00:22:09,700 get approved because sometimes permits have a time cap on them 397 00:22:09,700 --> 00:22:12,540 as well, you know, and and they like to see homes getting built, 398 00:22:12,540 --> 00:22:15,220 not just be sitting around the neighborhood or the community or 399 00:22:15,220 --> 00:22:18,260 the city that almost look like they're just abandoned 400 00:22:18,260 --> 00:22:20,900 construction, so. Yeah. 401 00:22:21,420 --> 00:22:25,220 What are your thoughts, Brian? Yeah, I think we just want to 402 00:22:25,220 --> 00:22:29,820 reiterate that these are steps there's again they are that a 403 00:22:29,820 --> 00:22:34,340 lot of these are happening concurrently and the permitting 404 00:22:34,340 --> 00:22:38,100 and approval side is is happening concurrently most 405 00:22:38,100 --> 00:22:40,740 likely with with the financing on that loan. 406 00:22:41,060 --> 00:22:45,700 And you know it's, it's spanning a few of these because we want 407 00:22:45,700 --> 00:22:50,970 to make sure that obviously. We have made the right exterior 408 00:22:50,970 --> 00:22:55,530 selections for what the local jurisdiction requires, whether 409 00:22:55,530 --> 00:22:58,370 that's a neighborhood requirement or a city 410 00:22:58,370 --> 00:23:02,690 requirement on a lot of different things, dark sky, 411 00:23:02,690 --> 00:23:07,220 compliant lights or. How certain garages face 412 00:23:08,300 --> 00:23:11,020 direction or where the house is positioned. 413 00:23:11,020 --> 00:23:13,540 So there's a lot of things, but I think it's just important to 414 00:23:13,540 --> 00:23:16,580 note that that permitting and approvals is, is happening right 415 00:23:16,580 --> 00:23:19,620 around this point obviously and certainly before actual 416 00:23:19,620 --> 00:23:23,060 construction begins because if we don't have the permits where 417 00:23:23,060 --> 00:23:25,100 it's required, we can't, we can't move forward. 418 00:23:27,260 --> 00:23:31,140 Yep, Yep. And the most, the most fun. 419 00:23:31,140 --> 00:23:31,700 Yeah. You want to take. 420 00:23:32,210 --> 00:23:33,450 The most fun topic? Yeah. 421 00:23:33,490 --> 00:23:38,850 What's this one, Steven? Yeah, taking it into after all 422 00:23:38,850 --> 00:23:41,290 of this, right, we've got eight steps leading up to this. 423 00:23:41,290 --> 00:23:44,930 Now #9 is going to finally be breaking ground and starting 424 00:23:44,930 --> 00:23:48,450 construction in your new home. So I think you know the biggest 425 00:23:48,450 --> 00:23:52,730 eye opener hopefully thus far is the tremendous amount of work 426 00:23:52,730 --> 00:23:55,570 that goes into a home before you even start building. 427 00:23:55,570 --> 00:23:59,410 So when builders tell you, hey, it's going to be you know. 428 00:24:00,340 --> 00:24:04,380 We're talking 8 to, you know, 16 months to build or whatever 429 00:24:04,380 --> 00:24:06,900 builder throws out, right? Well, what does that include? 430 00:24:06,900 --> 00:24:09,220 Right. Please inform me on what all is 431 00:24:09,220 --> 00:24:11,940 involved in the build time that you're quoting us. 432 00:24:11,980 --> 00:24:13,700 Right. Is that pre construction? 433 00:24:13,700 --> 00:24:17,380 Is that just building? Because you can see there's a 434 00:24:17,380 --> 00:24:18,740 lot that leads up to construction. 435 00:24:18,740 --> 00:24:22,100 But to sum it up, #9 construction. 436 00:24:23,160 --> 00:24:25,160 Construction is going to look a lot different, you know 437 00:24:25,160 --> 00:24:27,600 depending on where you're building in the country and also 438 00:24:27,600 --> 00:24:28,840 what product you're building, right? 439 00:24:28,840 --> 00:24:31,480 Or you are you building a 2000 square foot home or you building 440 00:24:31,480 --> 00:24:33,000 a 20,000 square foot home, right. 441 00:24:33,000 --> 00:24:39,160 So construction can be as small or as big or simple or complex 442 00:24:39,160 --> 00:24:42,880 as as the build is right and that's the lot is and all the 443 00:24:42,880 --> 00:24:44,720 other variables that come with it so. 444 00:24:45,190 --> 00:24:48,550 Without getting too deep into that, yeah, that's what comes 445 00:24:48,550 --> 00:24:51,550 next, right? In construction, most builders 446 00:24:51,550 --> 00:24:55,270 should give you a time frame or timeline of just at least 447 00:24:55,270 --> 00:24:57,110 general phases throughout your build, right? 448 00:24:57,110 --> 00:25:00,310 First is going to be clearing the lot and then foundation and 449 00:25:00,310 --> 00:25:01,870 blah, blah, blah. You know, we can go through that 450 00:25:01,870 --> 00:25:05,870 in more detail, but that's the fun part where you start, start 451 00:25:05,870 --> 00:25:09,590 to finally get to see progress and see your home coming up 452 00:25:09,590 --> 00:25:12,510 before your own eyes. I think that's a really 453 00:25:12,510 --> 00:25:15,970 important point is. Just where we are, we've laid 454 00:25:15,970 --> 00:25:23,970 out, you could argue 1011 steps here and #9 is starting 455 00:25:23,970 --> 00:25:27,650 construction. So the the, the take away is 456 00:25:27,650 --> 00:25:33,250 there is just a lot of work that that goes into a build that you 457 00:25:33,250 --> 00:25:38,170 don't see any progress for, for practical purposes, right, you 458 00:25:38,170 --> 00:25:41,050 don't see. Anything really happening. 459 00:25:41,050 --> 00:25:43,170 You know things are happening, or you better know things are 460 00:25:43,170 --> 00:25:47,090 happening, but you're not seeing that dream or that vision that 461 00:25:47,450 --> 00:25:51,370 you've been waiting for come to life until we get all the way 462 00:25:51,370 --> 00:25:54,170 down to step #9. So important point? 463 00:25:55,050 --> 00:26:01,450 Yep, Yep, Yep. Hit us with #10. #10 Closing and 464 00:26:01,450 --> 00:26:04,490 handover So this is another exciting, exciting one. 465 00:26:04,490 --> 00:26:07,710 This is where we. Get to hand over the the keys to 466 00:26:07,710 --> 00:26:11,830 you and say this. This home is complete within 467 00:26:12,030 --> 00:26:18,310 within budget and and on on schedule is is the goal and you 468 00:26:18,310 --> 00:26:22,710 get to take the keys and and be the the homeowner of your your 469 00:26:22,710 --> 00:26:25,950 dream home. So this one is. 470 00:26:27,070 --> 00:26:30,110 Always an exciting day. We like to do a lot with this 471 00:26:30,150 --> 00:26:34,550 and just just make it remember memorable because it is a big 472 00:26:34,550 --> 00:26:38,430 day and and we're grateful and appreciative to be a part of 473 00:26:39,110 --> 00:26:41,910 your special day of taking over the the keys to your dream home. 474 00:26:43,990 --> 00:26:48,630 Yep, love that. Yeah, and and as we have 475 00:26:48,710 --> 00:26:51,740 outlined. Everything that has led up to 476 00:26:51,740 --> 00:26:54,660 that closing and handover day makes it that much more special, 477 00:26:54,660 --> 00:26:56,780 right? All the decisions and the time 478 00:26:56,780 --> 00:27:01,300 that it took and you know some ups and downs, every build has 479 00:27:01,300 --> 00:27:04,540 their ups and downs right. But all of that makes it so much 480 00:27:04,540 --> 00:27:08,300 more rewarding to go to the closing table or do hand over 481 00:27:08,300 --> 00:27:12,540 day and and literally hand the keys over to the new homeowners 482 00:27:12,540 --> 00:27:15,340 of their home, right. And it's yeah, it's a really 483 00:27:15,340 --> 00:27:18,140 sentimental special cool day and. 484 00:27:18,920 --> 00:27:23,200 Honestly, as as maybe cheesy or corny as it sounds is why we do 485 00:27:23,200 --> 00:27:25,080 this, right. We don't build homes just for 486 00:27:25,080 --> 00:27:26,560 fun. You know, we build them so that 487 00:27:26,720 --> 00:27:29,720 families can move in and turn those houses into homes. 488 00:27:30,920 --> 00:27:33,320 So you know, that's something we never lose perspective of. 489 00:27:33,360 --> 00:27:35,840 And any good builder I think would say the same thing. 490 00:27:35,840 --> 00:27:39,240 So look for a builder that that takes that kind of pride in 491 00:27:39,240 --> 00:27:42,240 their products and you know realizes the end goal. 492 00:27:42,240 --> 00:27:44,400 They're not just building houses you know they're they're 493 00:27:44,400 --> 00:27:48,970 building truly a a home that. They can be proud of and a new 494 00:27:48,970 --> 00:27:50,530 family is going to move into and love. 495 00:27:50,690 --> 00:27:54,490 So yeah, I think that sums that up pretty well. 496 00:27:54,490 --> 00:27:56,410 And there's other stuff that goes with closing. 497 00:27:56,410 --> 00:27:59,010 But overall, I think most people know what closing is, right? 498 00:27:59,010 --> 00:28:03,810 You sign documents, legal things, deed transfers, and and 499 00:28:03,810 --> 00:28:06,650 yeah, you know, you're the rightful new owner of that home. 500 00:28:06,730 --> 00:28:11,890 So moving on to maybe the last thing kind of this item is after 501 00:28:11,890 --> 00:28:15,080 you move in. You know, there's move in, of 502 00:28:15,080 --> 00:28:17,880 course once closing happens, you know homeowners are free to move 503 00:28:17,880 --> 00:28:22,800 in as soon or as long as they like, as fast as quickly get 504 00:28:22,800 --> 00:28:26,560 settled into that new home. And then of course, I don't 505 00:28:26,560 --> 00:28:29,440 think any builder has ever in history built a perfect home. 506 00:28:29,440 --> 00:28:31,640 So there's warranty that's involved after move in. 507 00:28:31,640 --> 00:28:34,600 So warranty can look a lot of different ways for a lot of 508 00:28:34,600 --> 00:28:38,080 different builders and you know that's something that you want 509 00:28:38,080 --> 00:28:40,280 to be aware of for sure as you're. 510 00:28:40,690 --> 00:28:43,010 Partnering with a builder on your build, you know ask what 511 00:28:43,010 --> 00:28:45,690 their warranty process is before you get to the end in the 512 00:28:45,690 --> 00:28:49,290 closing table, right. But yeah, definitely something 513 00:28:49,290 --> 00:28:51,130 to be aware of. But that's kind of our little 514 00:28:51,130 --> 00:28:52,970 bonus item there at the end is just. 515 00:28:54,610 --> 00:28:57,570 So Brian, anything to add there? And then I just want to say that 516 00:28:57,570 --> 00:29:00,210 it might be kind of fun to go back through each one of these 517 00:29:00,210 --> 00:29:03,290 steps just real quick, kind of rapid fire and give a rough 518 00:29:03,290 --> 00:29:06,010 timeline for each and then hit them with the total timeline of 519 00:29:06,050 --> 00:29:07,650 all this stuff at the end just to. 520 00:29:08,720 --> 00:29:10,920 Put it into perspective, right. We've talked about a lot of good 521 00:29:10,920 --> 00:29:13,240 stuff here, but we haven't really put timing to it. 522 00:29:13,240 --> 00:29:16,560 So I think that's something we owe the viewers or the listeners 523 00:29:16,560 --> 00:29:20,000 as we wrap this up. So anything to add on those 524 00:29:20,000 --> 00:29:22,520 last, that last point? Yeah, just around warranty, 525 00:29:23,360 --> 00:29:30,080 there is no perfect home that has ever been built and that the 526 00:29:31,360 --> 00:29:33,960 most important thing is that you understand what that warranty 527 00:29:33,960 --> 00:29:36,760 entails and and certainly ask your builder. 528 00:29:38,400 --> 00:29:41,040 First of all, if they have a warranty and and we highly 529 00:29:41,040 --> 00:29:43,560 recommend that they they should or they do and if they don't 530 00:29:43,560 --> 00:29:46,320 offer that, that would be a a red flag for us. 531 00:29:46,320 --> 00:29:48,120 But really just understanding it, right. 532 00:29:48,120 --> 00:29:51,200 A lot of people can say you got a warranty but you don't often 533 00:29:51,200 --> 00:29:54,320 get into the details of understanding it and until you 534 00:29:54,320 --> 00:29:57,280 need it. So just we have a nice packet we 535 00:29:57,280 --> 00:29:59,760 present and provide that we think makes it pretty 536 00:29:59,760 --> 00:30:01,760 straightforward. So just something else to think 537 00:30:01,760 --> 00:30:03,560 about. But yeah, let's jump into the 538 00:30:03,560 --> 00:30:05,040 timeline of this and we'll wrap it up. 539 00:30:07,100 --> 00:30:09,300 Yeah, yeah. Because we are a little over 540 00:30:09,300 --> 00:30:12,100 time, but I I feel like this was a lot to cover and hopefully 541 00:30:12,100 --> 00:30:14,300 we're providing that value that people are still sticking 542 00:30:14,300 --> 00:30:17,340 around. So, yeah, #1, deciding on a 543 00:30:17,340 --> 00:30:19,540 custom home, I'll do this and then you tell us kind of the 544 00:30:19,540 --> 00:30:22,180 timeline, So #1, deciding on a custom home. 545 00:30:22,860 --> 00:30:27,660 Yeah, that can be, it can be a few seconds or it could be many 546 00:30:27,660 --> 00:30:29,020 years. So there there's we didn't 547 00:30:29,020 --> 00:30:31,540 really quantify a a time to that. 548 00:30:33,550 --> 00:30:36,030 Yep, nice #2. Selecting a builder. 549 00:30:36,270 --> 00:30:38,550 Same thing, right. You may have had a builder in 550 00:30:38,550 --> 00:30:45,470 mind for forever or you might go through that and it takes a few 551 00:30:45,470 --> 00:30:47,950 months or a few years. It's just it's hard to quantify 552 00:30:47,950 --> 00:30:53,090 a time for that as well. Yep, that's fair #3 purchasing a 553 00:30:53,090 --> 00:30:55,930 lot. That's a similar answer. 554 00:30:55,930 --> 00:30:59,330 That the same way the lot can happen very quick, or you may 555 00:30:59,330 --> 00:31:01,330 already have it right, so it doesn't need up any time. 556 00:31:01,330 --> 00:31:04,810 Or it might take quite a bit of time to find that perfect lot of 557 00:31:04,810 --> 00:31:07,010 what you want to want, where you want to be. 558 00:31:08,970 --> 00:31:13,650 Yep, absolutely #4 designing with an architect, builder, 559 00:31:13,770 --> 00:31:15,250 designer. Bringing the whole team 560 00:31:15,250 --> 00:31:16,290 together. Yeah, perfect. 561 00:31:16,290 --> 00:31:19,690 So we're getting into where we can start to quantify, but every 562 00:31:19,690 --> 00:31:22,370 single one of these, there is no specifics, right. 563 00:31:22,370 --> 00:31:23,930 It's always going to have a range. 564 00:31:23,930 --> 00:31:30,290 So we like to say architects from our experience, the fastest 565 00:31:30,290 --> 00:31:33,730 they've ever turned something around is about four months, 566 00:31:34,290 --> 00:31:37,050 three to four months. But this can easily. 567 00:31:37,740 --> 00:31:41,780 Expand over a year depending on how fast you move, how fast they 568 00:31:41,780 --> 00:31:46,780 move, if you if you have made changes or still trying to 569 00:31:48,100 --> 00:31:51,780 decide on what you like. So range of four to 12 plus 570 00:31:51,780 --> 00:31:57,100 months. Yep, #5 the preliminary building 571 00:31:57,100 --> 00:32:00,500 agreement that we discussed, the builders doing that, you know, 572 00:32:00,740 --> 00:32:03,060 the way that we're familiar with, how long can we expect 573 00:32:03,060 --> 00:32:03,900 there? Yeah. 574 00:32:03,900 --> 00:32:06,540 Our preliminary building agreement that we do at Brevan 575 00:32:06,540 --> 00:32:11,140 Homes with the engineering takeoffs to understand how many 576 00:32:11,140 --> 00:32:16,820 pieces of components we need to build that home, doing the the 577 00:32:16,820 --> 00:32:19,580 legwork reaching out to all of our our suppliers and 578 00:32:19,580 --> 00:32:24,780 contractors, we complete that in in roughly 2 to 3 months 579 00:32:24,780 --> 00:32:27,100 depending on the project of course, sometimes it may take a 580 00:32:27,100 --> 00:32:30,950 little longer than three months. Awesome. 581 00:32:31,190 --> 00:32:33,390 Yeah. Number six, that building 582 00:32:33,390 --> 00:32:35,670 agreement and contract come into an agreement on that. 583 00:32:36,630 --> 00:32:39,030 Yeah, that that typically is fairly quickly. 584 00:32:39,030 --> 00:32:40,670 That can take days, maybe a week. 585 00:32:40,790 --> 00:32:42,510 It's just and that's going on concurrently. 586 00:32:42,510 --> 00:32:44,550 We're getting that prepared and ready to go while we're 587 00:32:44,550 --> 00:32:46,510 finishing the preliminary building agreement. 588 00:32:48,470 --> 00:32:51,230 Yep. Nice #7 financing. 589 00:32:51,350 --> 00:32:53,950 Financing that's also something that can be done simultaneously 590 00:32:53,950 --> 00:32:57,390 or concurrently, but that takes roughly one to two months 591 00:32:57,470 --> 00:32:58,990 assuming that you found the right. 592 00:32:59,440 --> 00:33:03,680 Lender and there's communication going both ways to process all 593 00:33:03,680 --> 00:33:06,120 the paperwork and and documentation that's needed, 594 00:33:07,920 --> 00:33:10,600 yeah. Lots of paperwork #8. 595 00:33:11,320 --> 00:33:13,400 Permitting and approvals, yeah, permitting and approvals. 596 00:33:13,400 --> 00:33:18,800 Again, it's one that could be done at the same time as say the 597 00:33:18,800 --> 00:33:22,800 loan and some other things. But this is heavily dependent on 598 00:33:22,960 --> 00:33:26,400 the city or jurisdiction, but we're talking. 599 00:33:26,940 --> 00:33:31,060 The shortest we've seen is 3 to 4 weeks and we should say 600 00:33:31,060 --> 00:33:34,660 depending on if you're in a a city that has some really strict 601 00:33:34,660 --> 00:33:37,300 codes, it could be 6 plus months, right? 602 00:33:37,300 --> 00:33:41,260 But where we build and in most of it's a Central Texas, it's 603 00:33:41,260 --> 00:33:44,660 one to three months. But I I don't want to I don't 604 00:33:44,660 --> 00:33:46,820 want to set the expectations wrong for people that are 605 00:33:46,820 --> 00:33:49,020 building and say the city of New York. 606 00:33:49,020 --> 00:33:52,180 I don't know how complex it is to to pull permits there but I 607 00:33:52,180 --> 00:33:55,380 can't imagine it's it's as short as a one month process. 608 00:33:57,410 --> 00:34:02,530 Yeah, yeah, good point. Okay #9 construction, the beast. 609 00:34:02,530 --> 00:34:04,970 What would you say that? Construction, if we say that 610 00:34:04,970 --> 00:34:11,530 construction starts after all of that and we're moving dirt on 611 00:34:11,530 --> 00:34:13,969 day one and getting the foundation or the lot prepped 612 00:34:13,969 --> 00:34:17,409 and clearing and getting it set to to actually start building 613 00:34:17,409 --> 00:34:23,330 the the foundation, you know and again heavily dependent on. 614 00:34:24,010 --> 00:34:27,130 The the project and the scope and the size, but you know this 615 00:34:27,130 --> 00:34:30,570 can be anywhere from 8-8 months on the short end if if it's a 616 00:34:30,570 --> 00:34:34,010 smaller home and pretty, pretty straightforward in terms of the 617 00:34:34,010 --> 00:34:37,570 scope of what needs to be done up to 18 plus months, right. 618 00:34:37,570 --> 00:34:40,810 We put 8 to 18 because most of our projects are in that range, 619 00:34:40,810 --> 00:34:44,170 but you're building a 20,000 square foot house on a Cliff, 620 00:34:44,170 --> 00:34:46,290 it's probably going to take longer than 18 months. 621 00:34:46,290 --> 00:34:49,690 So again a wide range, but just trying to give you a ballpark. 622 00:34:52,330 --> 00:34:54,929 Yeah, we should put a huge asterisk next to that one 623 00:34:54,929 --> 00:34:59,610 because yeah, you know whether several other unknowns can come 624 00:34:59,610 --> 00:35:02,850 into factor pretty big there and and kind of throw that for a 625 00:35:02,850 --> 00:35:05,050 wrench. But yeah, I think you did a good 626 00:35:05,050 --> 00:35:08,170 job there number 10 closing hand over day of course. 627 00:35:08,170 --> 00:35:12,890 Closing that is a set day. That is something that that we 628 00:35:12,890 --> 00:35:15,490 do everything in our power to meet once we've locked that 629 00:35:15,490 --> 00:35:18,670 closing date in place. And yeah, that takes a day, 630 00:35:18,750 --> 00:35:20,430 right. That's that's an exciting day 631 00:35:20,430 --> 00:35:23,790 and something that we live for. We're not in business just to 632 00:35:23,790 --> 00:35:25,910 make houses. I mean we we wake up in the 633 00:35:25,910 --> 00:35:29,550 morning and get excited to to be able to have as many closing 634 00:35:29,550 --> 00:35:33,590 days as we can because we love being able to to share that time 635 00:35:33,590 --> 00:35:36,630 and that memory with our our homeowners and our families. 636 00:35:38,510 --> 00:35:40,350 Yeah. Well said, Yeah, it's a 637 00:35:40,350 --> 00:35:43,590 rewarding day for everybody, you know, just solve the like we've 638 00:35:43,590 --> 00:35:46,190 said so many times, but all the resources put into. 639 00:35:47,600 --> 00:35:51,480 That you know, process is really, really a fun day. 640 00:35:52,000 --> 00:35:55,600 So Yep, OK, I think without warranty involved in there since 641 00:35:55,600 --> 00:35:57,960 I was kind of a bonus, you know, and I can look a lot different 642 00:35:58,000 --> 00:36:00,480 for a lot of different builders. What are we, what are we talking 643 00:36:00,480 --> 00:36:03,080 to? And let's add stuff for the 644 00:36:03,080 --> 00:36:06,160 listeners that are, you know, time in paper, calculator in 645 00:36:06,160 --> 00:36:08,680 hand. Yeah, it's good question. 646 00:36:08,760 --> 00:36:13,720 It's hard to throw this out there because the range is so 647 00:36:13,720 --> 00:36:20,320 wide, but you're talking. 1415 months up to two to three years 648 00:36:20,480 --> 00:36:26,760 and and so that's again a very wide range but I think they're 649 00:36:26,760 --> 00:36:30,040 most people come into it with the expectation that I can build 650 00:36:30,040 --> 00:36:34,800 a custom home faster than they actually can in reality and 651 00:36:34,800 --> 00:36:37,480 that's really the messenger, the take away here and it's not 652 00:36:37,480 --> 00:36:41,640 again to scare people off it's strictly just to make sure that. 653 00:36:42,100 --> 00:36:44,420 You know what you're getting into as early on as possible so 654 00:36:44,420 --> 00:36:48,420 that your expectations are set right and you can enjoy the 655 00:36:48,420 --> 00:36:51,380 process. What we One of the reasons we 656 00:36:52,060 --> 00:36:54,900 big reasons we decided to start this podcast is because we want 657 00:36:55,220 --> 00:36:59,820 people to really enjoy this, the custom home building process. 658 00:36:59,820 --> 00:37:04,020 And all too often, every single day people are stressed, they're 659 00:37:04,020 --> 00:37:07,220 anxious, they don't enjoy the the process of building their 660 00:37:07,220 --> 00:37:09,300 custom home, even if they love their builder, right? 661 00:37:09,300 --> 00:37:10,740 There's just so much that goes into it. 662 00:37:13,470 --> 00:37:17,710 I think a couple quick words to try to summarize that as we want 663 00:37:17,710 --> 00:37:23,710 transparency to provide transparency to set potential 664 00:37:23,710 --> 00:37:27,310 custom home clients, set their expectations right. 665 00:37:27,550 --> 00:37:32,670 So that transparency to set the correct expectations is a way to 666 00:37:32,670 --> 00:37:36,550 sum that up right? And I think an even bigger 667 00:37:36,550 --> 00:37:39,790 asterisks, asterisks, asterisks. Whatever. 668 00:37:40,350 --> 00:37:43,870 That's to this total timeline, you know that there should be a 669 00:37:43,870 --> 00:37:47,510 negative for a minus under the 15 months and there should be a 670 00:37:47,510 --> 00:37:49,390 plus over the 30-4 months, right? 671 00:37:49,390 --> 00:37:52,350 Because just like you said, I mean, if somebody comes with 672 00:37:52,350 --> 00:37:55,390 land already in hand and a plan set and a builder that they've 673 00:37:55,390 --> 00:37:58,750 already shopped, you know, that cut out all that stuff, right? 674 00:37:58,750 --> 00:38:01,470 You can strictly condense this timeline. 675 00:38:02,020 --> 00:38:04,860 And and then on the other hand too, I mean people that just, 676 00:38:05,100 --> 00:38:07,780 you know, know that they take longer to make decisions and 677 00:38:07,780 --> 00:38:10,660 they want it to be perfect or you know, like we said, it's not 678 00:38:10,660 --> 00:38:15,340 perfect, but you know, complex builds can take years, you know, 679 00:38:15,340 --> 00:38:17,940 30-4 months sounds like a long time, but I mean shoot, there's 680 00:38:17,940 --> 00:38:20,860 some 20,000 square foot homes on cliffs like you said that can 681 00:38:20,860 --> 00:38:22,620 take upwards of three plus years. 682 00:38:22,620 --> 00:38:26,460 You know, so every build is going to be different, every 683 00:38:26,460 --> 00:38:28,740 jurisdiction is going to be different and so that's why 684 00:38:28,740 --> 00:38:30,540 that's such a huge asterisk there, but. 685 00:38:32,040 --> 00:38:35,800 Yeah, I mean, anything you can think of that we missed on this 686 00:38:35,800 --> 00:38:37,240 episode? I think we should wrap it up 687 00:38:37,240 --> 00:38:40,720 since we're pushing the time that this has been a fun one for 688 00:38:40,720 --> 00:38:42,160 sure. No, nothing else. 689 00:38:42,160 --> 00:38:48,200 Just hopefully we've given some insights and and perspective on 690 00:38:48,640 --> 00:38:51,720 at a very high level again on just what steps are needed to 691 00:38:51,720 --> 00:38:54,520 build a custom home. It's not just oh, here's here's 692 00:38:54,600 --> 00:38:56,610 a. Floor plan that I like and some 693 00:38:56,610 --> 00:38:58,570 front elevations and let's start building. 694 00:38:58,610 --> 00:39:02,010 There's just so much that we believe is not out there in 695 00:39:02,010 --> 00:39:05,290 terms of educating homeowners and that's what we're trying to 696 00:39:05,290 --> 00:39:08,530 accomplish in this episode amongst as well as obviously the 697 00:39:08,530 --> 00:39:11,410 entire podcast. But wanted to start here, stay 698 00:39:11,410 --> 00:39:15,290 high level and in future episodes we'll we'll dive into a 699 00:39:15,290 --> 00:39:16,650 lot of these topics in more detail. 700 00:39:16,650 --> 00:39:19,370 So Steven, I'm good. It's been a pleasure and we'll 701 00:39:19,370 --> 00:39:20,610 wrap it up until next time.