Re: Is our builder gouging us on hardwood?

Re: Is our builder gouging us on hardwood?

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 Re: Is our builder gouging us on hardwood? Rick Blaine Reply Send to a Friend   Print
 
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Is our builder gouging us on hardwood? Licorice Tattoo 02-22-2007
"Licorice Tattoo" <LicoriceTattoo@gmail.com> wrote:

>This comes to $14.69/sq ft. Does this seem high?

You're making the classic mistake of assuming _any_ builder upgrade is related
to builder cost.

When you buy something through your builder, you are paying for the materials,
the installer and the builder markup plus any additional markup he thinks he can
extract from you. His odds are good because anything that you want is going to
look small in the context of the house price. You have noticed that it's very
expensive.

Good rule of thumb - if it is not structural, you are better off living with the
standard product and upgrade later on your own.


other useful resources:
Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
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