Next up, masonry and slab work.

To be continued...
Next up, masonry and slab work.





"We are still lending money the same as we always have. On construction loans we still do 95% loans and we still base the value off of the appraised value and not the cost (so if it appraises for more than the cost as it often does we give the client "free" equity). So, nothing has
changed.
The problem is that I've got no one asking for any loans. It is not that we aren't loaning - it is that no one is borrowing. However, I wonder if no one is borrowing because they think we are not loaning."
And I am wondering the same thing. But if you've read this, you now know that there are banking institutions right here in the Columbia and Lexington SC area that are lending money for qualified borrowers. Todd Mitcham of BB&T Mortgage is one that I would recommend. He has been in the mortgage lending business since 1992 and he has provided great service to many of our custom home clients. Todd can be reached at 803-251-1404 or by email.
.
As is usually the case, a great time to wire for components such as an intercom is during new construction while all the walls are open and accessible. We have had the Greyfox (now OnQ/Legrand) intercom system installed in several of our houses. This system, like many today, uses Cat5 wiring from a structured wiring panel to each room that will have an intercom station. The room stations themselves are only the size of a two-switch panel. The main station is the size of a three-switch panel. These small sizes and the traditional looking face plates allow the intercom to blend well on the wall along with your other electrical switches.
In addition to these new activities, the custom home we're building in Lexington right now is going very smoothly. In just 8 weeks we've completed the footings, crawlspace foundation, exterior veneer, framing, roofing, doors & windows, electric rough-in, plumbing rough-in, HVAC rough-in, and the drywall. All that and we had 4+ rain days that slowed us down! At this pace, the house will be done in a total of 4 months. We told the client it would take 5 to 6 months. That feels good!
You hear people talking about lower interest rates being an incentive for people to build or add-on... You also hear that many construction material prices are down... And with a supposedly "slow" housing market, you hear there are trade contractors competing with their prices... We aren't just hearing these things, we are seeing it as a reality with the recent flurry of activity in our business at Master Plan Homes Inc.
If you're on the fence about building a new home, give us a call or email and we'll talk about the possibilities.
.
The majority of the homes we have been building take less than 5 months to as many as 10 months. This slideshow makes it look incredibly quick!
At Master Plan Homes Inc, Jon and I are licensed residential builders that want to build our homes in a timely manner without sacrificing the integrity of the job.
.
All of these things considered ahead of time will help you make a good lot selection. Of course, all of these issues may also have an affect on the price of the lot or land. Lot and land prices have been increasing considerably in recent years. This is not a surprise as there is only so much land out there. The price range can also be very wide. For example, the price range of lots in neighborhoods in Lexington SC 29072 is any where from $35k to $415k.
.