EAGLE, COLORADO (PRWEB) April 15, 2016
When you consider all of the positive attributes that Vail has to offer, it is no surprise that buyers continue to purchase second homes in the area. Many people from the Denver / Boulder area continue to look for second homes throughout the Vail Valley because of the great return on investment.
According to Real Vail (http://www.realvail.com/housing-prices-keep-climbing-on-colorados-front-range-making-mountains-more-attractive/a2987), Front Range homebuyers are currently on the hunt for second homes in Eagle County mountain communities.
In addition, Land Title Guarantee Company released numbers that found 17 percent of Eagle County real estate was purchased by Front Range buyers during the 4th quarter of 2015. In addition, there are also a large number of buyers coming into the area from other parts of the United States and other countries.
Precision Construction West (PCW), a local construction company with decades of experience in the Vail Valley (http://pcwbuilds.com/about-pcw/), has seen a large influx of interested buyers who are looking for custom construction. But it is common for people to purchase a vacant lot before they actually crunch the numbers and consider what it will cost to build the home of their dreams.
Todd Morrison, owner of Precision Construction West, explained, “People get very excited about the idea of building on a lot with amazing views, but they do not think about the extra added expenses that it involves. It could be up to 30 percent more expensive than a normal flat lot.”
Morrison further illustrated this point by saying, “When you buy a lot on a hillside or with long easements there is significantly more site work involved in preparing the lot to build. That means that there is more manpower to complete the project, which equates to a higher price tag. This is why it’s extremely important to work with a professional who can educate the buyer prior to these decisions being made.”
With guidance, building a custom home on a vacant lot can help buyers achieve the exact results they are looking for in a home. PCW (http://pcwbuilds.com) has years of experience in the custom construction industry, meaning they are in a position answer questions and educate clients proactively regarding what it will take to achieve their vision during the building process.
Kim Bradley (http://k2vailvalleyrealestate.com/), an experienced agent with Slifer Smith & Frampton Real Estate who specializes in working with clients looking to build custom homes explains, “There are many things that may look appealing at first to a buyer, like a long easement or the lot being situated on a hill. But these can drive-up the cost of a build, which some buyers don’t realize. Our job is to educate buyers before they are too far down the line in the process. It is important to consider how the lot will affect the resale value in the future.”
When Kim works with clients, she takes several proactive steps to ensure that costs and expectations are clear from day one.
- Request the buyer to narrow down their lot selection to three so that each can be analyzed from a build cost perspective.
- Plan for an architect in to look at the lots to discuss design plans and how the home could potentially be built to reap the most benefits (like taking in the views).
- Plan for a builder (like PCW) to visit the sites. Usually, at this step, the buyer is informed about costs and various options, which allows them to plan budget accordingly.
- Finally, there is a process of elimination of three lots based on costs, benefits and time needed for completion of the home build.
Morrison urges clients to work with someone who knows the area. Although the price tag might seem steep, it’s better to have known before the project commences so alternative decisions can potentially be made versus finding out in the midst of construction and it being too late to turn around.
“Educating clients is a huge part of what we do. We don’t want there to be any surprises midway through a project. This is something our clients tell us time and time again that they’re very grateful for. The only thing better than a custom home is a custom home that is scoped out from day one with all factors considered. It definitely makes the process better for everyone involved,” Morrison added.
About Precision Construction West (PCW)
Precision Construction West is a full-service construction company with decades years of experience in the Vail Valley. They specialize in commercial and residential construction, and are experts at project development, engineering consultation, material logistics, on-site supervision, structural framing, exterior finishes, and more. For more information about custom home building in Vail and surrounding areas, please contact PCW at http://pcwbuilds.com/contact-us/.