Colorado New Home Construction

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Many new homebuyers believe if they buy directly from the builder they will save money. Generally, this is not the case. Most new homebuilders are members of the Builder Realtor Council. The BRC's builder members agree to pay a Realtor a selling commission if he/she is involved in a purchase transaction with a homebuilder on behalf of a buyer. If a Realtor is not involved in the purchase transaction, the builder retains the selling commission money. Typically, that money will not be offered to the buyer in the form of a credit or a reduction in purchase price. Therefore, there are no financial savings for the buyer who does not use a Realtor as a Buyer's Agent.

More important is that the buyer is negotiating with the builder without Buyer Agent representation. In Colorado, the Colorado Real Estate Commission prepares and approves purchase contracts that are intended to protect the rights of both the buyer and seller. New homebuilders do not fall under the rules and regulations of the Colorado Real Estate Commission and therefore, they do not have to comply with standard regulations, including the preparation and use of "commission-approved forms". The builder purchase contract forms are traditionally worded to favor the builder...they are not drafted with the intent to protect the best interests of the buyer. Buyer Agency with us in Colorado...it's worth investigating!

With the understanding that there are no financial savings for a buyer who negotiates with a builder directly, it is important to know as a buyer that Legacy Real Estate Brokers, Inc. are more than accustomed to working with builders and the idiosyncrasies of their purchase contracts.

We will often recommend the inclusion of language that provides for various professional property inspections and "walk throughs" of the property, as a contingency to closing.

By you soliciting our assistance, we can also address other concerns that protect your best interests (i.e., receipt, review and approval of title work and homeowner association bylaws and covenants) so that we can modify your purchase contract in a timely fashion, in the event that the conditions in any of the documents do not meet with your approval.

We are associated with many skilled builders with years of construction experience and architectural integrity. They are committed to impeccable quality and craftsmanship to fulfill each buyer's needs, dreams and lifestyles and specialize in innovative designs and floor plans for comfortable living and elegant entertaining at fair prices. Our builders take pride in creating a home as individual as you are! These builders provide exceptional customer service throughout the entire building process and after completion of your new home.

With so many types of home building companies out there, we know it's a little tough to figure out who does what and who builds what. So, here's a quick run-down from us on how to tell the difference between Custom, Production, Spec, Pre-built and Green homes.

Custom home builders generally:

• Build on land you own. Some custom builders also build on land they own.
• Build one-of-a-kind houses. A custom home is a site-specific home built from a unique set of plans for a specific client. Some custom builders may offer design/build services.
• Build single-family homes.
• Are generally small-volume builders (those that build 25 or fewer homes a year).
• Tend to build high-end homes.

Production home builders:

• Production or master plan community builders generally build on land they own.
• Production builders tend to use stock plans, but usually offer a variety of plan choices and options.
• Production builders build all types of housing - single-family, condos, town houses, and rental properties.
• Production builders are large-volume builders (those that build more than 25 homes a year).
• Production builders generally build for all price points - entry level, move up, luxury, etc.

What's a Spec home?

• A Spec home is a brand new house already built and waiting for a family to move in and make it into their new home!

Why a Spec home?

• When time constraints need to be met and there isn't time to build your new home from scratch.
• Or you may find that the home you had planned to build is already available to move into now... no waiting!

Custom Pre-built Homes

All of the custom pre-built homes are constructed in a factory controlled environment, (including most all interior finishes and fixtures), then delivered in sections, (by truck), to the building site. Once the home sections arrive on site they are assembled and secured to a prepared foundation. Depending on custom finishes and add-ons, most customers are able to move in to their custom pre-built home within 4-9 weeks of delivery. Custom Pre-built Homes Conform to Uniform Building Codes (same as homes built in Master Planned Communities).

Custom pre-built homes are affordably priced. Pre-built homes range between 65 and 95+ dollars a sq/ft finished. This does not include the cost of foundation, the land and site work, as those will be site specific.

Green Builders

What is a Green Builder? A builder that uses Green or Sustainable Building techniques has been defined in many ways such as:

• Designing, constructing and operating buildings and landscapes to incorporate energy efficiency, water conservation, waste minimization, pollution prevention, resource-efficient materials, and indoor environmental quality in all phases of a building's life.
• Over the last few years, several organizations have developed green building certifications or rating systems for residential and commercial construction.
• Green building techniques can be used in Spec Homes, Production Homes and Pre-built Homes but, it is most often seen in Custom Homes.

If you are considering building a home in Colorado, please contact us by using our on-line response form, or call us. We think you'll find our new home building service rewarding and valuable. We look forward to hearing from you.