COVID and the housing market

Damn. That builder was unusual. Normally the actual cost has almost nothing to do with the price of the substitution. I know one subdivision where standard kitchen cabinets cost builder ~$25K. If you wanted kitchen without cabinets, you got a $1k credit. If you wanted upgraded cabinets, it was easy to get a six figure bill for upgraded cabinets.
Way back when I was involved in That industry the smart money took all standard items and lived with them then had them redone in a few years. The pricing for upgrades was more than just getting the house finished and doing them on your own later.

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Way back when I was involved in That industry the smart money took all standard items and lived with them then had them redone in a few years. The pricing for upgrades was more than just getting the house finished and doing them on your own later.

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Smart buyers limit upgrades at purchase to things that are impossible to do later. Higher ceiling heights, deeper basement, etc.
 
Damn. That builder was unusual. Normally the actual cost has almost nothing to do with the price of the substitution. I know one subdivision where standard kitchen cabinets cost builder ~$25K. If you wanted kitchen without cabinets, you got a $1k credit. If you wanted upgraded cabinets, it was easy to get a six figure bill for upgraded cabinets.
It was a small builder, 3 houses at a time. He was very reasonable, likely because the new house market was not on fire at the time. The upgrades I purchased were priced at his cost, he even let us work with and pay Canac kitchens directly on the cabinet upgrades.

My only beef with him was that he cut a dozen oak and cherry trees from the lot with the intention of selling them. I freaked. As compensation he paid to have the lumber sawn and dried - I ended up with a few thousand board feet of furniture grade lumber.
 
It was a small builder, 3 houses at a time. He was very reasonable, likely because the new house market was not on fire at the time. The upgrades I purchased were priced at his cost, he even let us work with and pay Canac kitchens directly on the cabinet upgrades.

My only beef with him was that he cut a dozen oak and cherry trees from the lot with the intention of selling them. I freaked. As compensation he paid to have the lumber sawn and dried - I ended up with a few thousand board feet of furniture grade lumber.
I knew a guy in Ohio that bought a house where a builder did the same thing, using the free wood on site. Twenty years later he needed a new roof and the roofer found out the hard way the roof deck was solid oak and they couldn't drive nails into it without pre-drilling.
 
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