Description

In this episode of The WB Download, host Jeff Wieland delves into the complex world of cost overruns in custom home construction. Discover why a client's dream home can unexpectedly cost over $1M and learn the crucial role of accurate cost estimates in the design-build process. Jeff emphasizes the importance of managing budget expectations to avoid costly mistakes and client dissatisfaction.

Join Jeff as he explores:

• The significance of transparency and clear communication in setting realistic budgets and allowances.
• How personal choices, such as fixtures and appliances, can lead to significant budget overruns and how to manage these expectations effectively.
• Key factors affecting construction costs, including design changes and fluctuating material prices.
• Strategies for handling labor costs, site conditions, selections, and permitting challenges.
• The necessity of contingency funds in construction loans to cover unexpected expenses and ensure smooth communication with banks.
• The essential role of regular updates and clear communication between builders and clients throughout the construction process.

Jeff also shares real-life stories and expert advice on navigating the financial complexities of custom home building, ensuring listeners are well-equipped to manage their construction budgets effectively.

Tune in to this informative episode and gain valuable insights into avoiding cost overruns and achieving successful home-building projects.

Recent Blog: Custom Home Cost Breakdown

Email Jeff your comments, questions, and topic requests, or be a guest on The WB Download.
Email: WBDOWNLOAD@wielandbuilders.com

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https://www.wielandbuilders.com/custom-home-luxury-must-haves/
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