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Question on building a spec house

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Re; The best of builders compared to the worst of builder-partners

Cooper, thanks for your insight, it sounds like terrible situation to be in. As far as Ted's comments about concessions, I know people who have bought from the developer, and that is not the case. I guess the shady deals have not made their way up to my neck of the woods.

I really need to think this over, but I will not make a decision until spring. Now is not a good time of year to start construction in Wisconsin, no one wants to work outside in January. I think as an appriaser, I would have an "upper hand" when it comes to pivking a floor plan, where to spend on upgrades, and pricing, but I'm sure I wouldn't be the first (or last) to make that mistake.
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Tim;
1]Like the question and warning-answers.
Mainly don't sign the papers until its done right.
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Perhaps the developer you mentioned is an honest one like my last builder. Or maybe he is like some mentioned on this website & cheats by skimping on concrete, or skimps on [uninspected ]insulation in attic.......

2]Probably never be named partners with a builder;simply prefer contractor work or customer work . Even the best builders may not run on time;
here, concrete or exterior paint isn't done much below freezing. If a 3-6 month building contract turns into 12 month, no problem for a building customer.

3]If you do decide to hire the subcontractors, if you are like me you have seen enough electricians in action to have it done...... I would still have a written understanding,if a 3-6 month job turns into more than 12 months;told the electrician i would get someone else to finish & that $$ comes off the agreed on contract price.

4] Sorry i forgot the exact name, but since you said you ''owned the lot'';
i used part of a parcel, as a down payment, for a trustworthy builder.His preference for lenders worked well,but usually use my own. Actually at that time,owner occupied worked well.
No rush to sell.
 
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