Archive for June, 2009

The Do’s and Don’ts of Designing a Custom Wine Cellar

Tuesday, June 30th, 2009 | Custom Home Construction | No Comments
Custom home wine cellar

Custom home wine cellar

Whether you’re a serious collector of fine wines – or simply an enthusiast –  there are several do’s and don’ts to keep in mind when designing a custom wine cellar:

Location. Wine caves, or cellars, are no longer strictly confined to the underground.  Most cellars today are converted from existing spaces as varied as sun rooms, closets and garages.  However, when building a custom wine cellar, it is important to consider location early on.  The ideal time to call in the experts is when the space has been framed, but nothing has been roughed in.

Environment. Wine is a living organism and like all living things it needs the proper environment in order to thrive, and to age well.  As a result, the storage conditions of the wine are crucial.   There are four main environmental factors to consider when planning your cellar:  temperature, humidity, darkness, and stability.

Temperature: The temperature should remain constant and experts recommend staying within the 55-60°F range.  The cooler the temperature, the slower the aging process.

Humidity: Refrigeration is necessary to maintain both temperature, and proper humidity level (50-70%).   The corks rely on the dampness in order to stay wet, and to keep the wine properly sealed.  Normal air conditioning causes the corks to dry, liquid to escape from the bottle, and air to enter.  Conversely, too much moisture will cause the labels to rot, and to peel off the bottles.

Darkness: Wine should always be kept from direct sunlight because ultraviolet rays will destroy its color, and taste.  Instead, the cellar should be softly lit, and only when occupied.

Stability: Stability is key when planning your cellar.  Not only is it imperative that the temperature, and humidity, of the cellar remain stable but also that there is as little vibration as possible.  Even the subtlest movement  caused by traffic or the running of the refrigeration, can have an impact.  Vibrations can rob many wines of flavor, and bouquet.

Experts. Finally, remember that both the wine – and the cellar itself – are investments. Not only do some bottles come with formidable price tags, but the wine cellar is a premium amenity too; often adding resale value to a home.   As a result, it’s important to solicit a wine cellar designer early in the process.  Beyond the environmental logistics, they will also help you incorporate the necessary variables like buying style, racking, and appearances.   Buying style encapsulates everything from what kind of wines you buy, to how your collection has grown in the last decade, to where you see it headed.  Racking is important in relation to aging;  bottles should be stored horizontally so the cork is in constant contact with the wine.  Usually racking is made of wood, but can also be made of metal and can go around corners, and even curved walls.  And when it comes to cellar appearances, they can be as varied as the homeowners themselves.    Some people opt for a simple wall to maximize storage space, and others want presentation walls and different depth racks to showcase the labels.  Others can be even more extravagant; opting for woodcarvings, stonework, murals, etc.

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How to Choose a Lot for a Custom Home

Tuesday, June 23rd, 2009 | Custom Home Construction | 1 Comment
Foundation work for custom home on mountain building lot

Foundation work for custom home on mountain building lot

There are many variables to consider when choosing a lot for your custom home.   Whether you’re basing it on neighborhood, commute to work, or the fact that the particular lot just feels “right”, where to buy is just one piece of the puzzle.  The cost of land (from an investment perspective) and the type of lot (from a building perspective) will also play key roles in the process.

A qualified real estate broker should be able to help you with all these considerations.   Not only will they be familiar with what lots are on the market – both listed, and unlisted –  but they will also have a good working knowledge of things like public utilities and what it might cost, for example, to install a septic system.  They should also be able to refer you to experts in these areas.  Finally – from an investment standpoint – they will be able to supply you with the data you need to make an informed decision.

Where to buy. Consider how important it is for you to be close to school, work, shopping, etc.  You might even want to spend some time testing the drives to, and from, the prospective lot (on different days, and at different times) to get an idea of what the commute would be like.  In terms of cost, land further out of metropolitan areas generally cost less.  However, not everything about a home is the country is less expensive.  During the construction process, there may be extra delivery, material, or labor fees incurred depending on how far out your lot is.

Cost of Land. Generally, the cost of land represents 17-25% of the total value of your home.  If your budget is $350,000 a typical breakdown will look something like this:

Land – $70,000

Real Estate Commissions – $20,000

Carrying Costs on Construction Loan – $15,000

Total Construction Costs – $245,000

Total Cost of Home – $350,000

In this example, the land cost is 20% of the full cost of the house.  Most experts recommend that the land cost be between 17-20% of the total value of the home.  However, if land costs in the area are high, that figure can be stretched to 25%.

Tip:  Be aware that construction costs are far reaching.  They include everything from preparing the land, to laying the carpet, to covering the necessary permits and fees.

Type of Lot. There are many variables to consider when thinking about lot type.  First, what makes a lot more valuable?  Location, views, streams, trees;  all will contribute to a more expensive price tag.  Neighborhood also plays an important role – and on this front, one thing to keep in mind is not to “overbuild” or “underbuild”.  If the neighborhood you choose is made of up homes in the 3-4,000 square foot range, you should probably avoid building a 6,000, or 1,500 square foot home in the same neighborhood.  The reason being that if your home is – by far – the largest or smallest in the neighborhood, you could pay the price later in terms of resell.

The physical characteristics of the lot are also key when it comes to either avoiding, or anticipating, expensive site work.  One thing to keep in mind is slope. A house on a hill may have impressive views, but will also require more site preparation and more work on the foundation – both of which can add to construction costs.  Drainage can be a factor too.  Other things to consider when viewing lots are their size and shape, and their “setback”.  The setback is the amount of space you are required to leave between the edge of your home, and the edge of your property.  This is often required in subdivisions or fully developed neighborhoods where space is at a premium.  Both the size and shape of the lot, and the setback can have an impact on the kind of house you want to build.   Finally, keep in mind the number of trees, or boulders, on the lot.  They too will require extra site preparation. 

Tip:  Be wary of a lot listed at a price that’s considerable less than the other lots in that area, and particularly of the term “no perk”.  When used in conjunction with land, “perk” means the ability for the ground to support a septic system.  If your land is not connected to a city sewer system, a septic system will be necessary.  However, if the ground does not “perk” you’ll be required to use some very costly alternatives.  Make sure to get an expert opinion before purchasing a lot with this label.

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Large Home Remodeling Project Video

Sunday, June 21st, 2009 | Home Remodeling, Videos | No Comments

We put together this video showing some images of a major home remodel we have underway. This has been a fun, and challenging, project so far. Some rooms have been added and many Marvin windows installed. One of the more interesting features of this remodel is the outdoor pizza oven. We have also added some architectural features such as a large shed dormer and raised ceiling in the great room.

We’ll post more about this remodel as it nears completion. Stay tuned for some “after” photos and videos.

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Financing the Construction of Your Custom Home

Monday, June 15th, 2009 | Custom Home Construction, Financing | 3 Comments
Custom home by Brock Builders under construction

Custom home by Brock Builders under construction

You’ve probably already done your research and know there are more good reasons for building a custom home, than buying one.  The leading financial one being the considerable equity you can earn – instantly, from the moment you move in.  However, you may not be as comfortable with the “ins” and “outs” of how to finance the construction of your dream home.

Firstly, financing your own custom home does not have to be fiscal headache.  In fact, you’ll be happy to hear, it’s a pretty straightforward process.  The first thing you’ll need to do is obtain financing from either a bank, or mortgage lender.  Instead of applying for a conventional home loan, you’ll need to fill out an application for a “Construction Loan.”  Generally, the requirements include a minimum FICO score of 650 and a combined income of at least $45,000 for married couples.  Also, be sure to ask if the loan can roll over into a permanent mortgage upon completion of the house.  Many mortgage lenders offer hybrid loan packages for construction of custom homes.  Once you’ve done this, it’s time to consider your requirements, and budget… things like number of bedrooms, baths, etc.

Tip: it’s all in the details.  Not only does square footage play in an important part in cost, but so do seemingly small things like the number of windows, or type of bathroom fixtures.  Also, be aware, most builders charge more per square foot  for smaller homes.  Meaning the larger the home, the less you’ll pay in labor costs per square foot.

Location, location, location.  If you haven’t already found your ideal lot, consult with a real estate broker to find a suitable location.  (The broker should specialize in land sales, not just houses).   You should also be sure to have a pre-construction appraisal carried out by an experienced appraiser.  You need to ensure that the land is, in fact, worth what you’re paying for it.

Next, you’ll need to consult with a good custom home builder to determine a budget.  The budget should encapsulate the land purchase, finance charges, materials,  and labor costs that will be incurred.  Let’s assume that the breakdown looks something like this:  land cost $65,000, finance charges $15,000, materials $80,000, and labor costs $70,000.  The total budget would come to $230,000 (assuming you qualify for 100% financing).

Tip:  it’s a good idea to plan on staying 10-15% below your total budget. This will help you cover unexpected costs, and ensure that you stay on plan.  Also, keep in mind time-frame when planning your project.  Inflation can rise as much as 6% per year, so if you’re not planning on building for a year or more, be sure to factor it in. Once the numbers have been crunched, you’re ready to break ground!

Finally, once your custom home is completed you’ll want to have a second appraisal done.  This will determine the final value, or “fair market value”,  of your new finished home.  Let’s assume that the appraisal comes back at $285,000.  Now, deduct $230,000 from $285,000 and you’ll find you’ve gained an equity of $55,000, or 24% – instantly! Home sweet home, indeed.

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Tips for Choosing a General Contractor in Asheville

Monday, June 8th, 2009 | General Contractors | No Comments

A few themes come up again and again on a custom home building project. We have arranged them here into a short and useful checklist. Each item can help you avoid headaches during the process of building a custom home.

Custom Home by Brock Builders

Asheville Custom Home by Brock Builders

1) Timing. Time is money – and sticking to budget means sticking to schedule. The first question you should be asking the general contractor is how long he thinks the project will take. It is standard practice to provide start and stop dates that account for some weather delays. Also, don’t forget to ask what else your custom home builder is working on; if the builder is spread too thin your project may not get the attention it deserves.

2) Experience and Expertise. How long has the general contractor been building custom homes? Does he have a portfolio he can share with you, and references? Do they specialize in high-end custom homes? Additionally, if you’re building in an area like Western North Carolina you may need someone whose expertise lies in building on challenging lots – our mountains are beautiful, but they don’t always make it easy. You don’t want to find out, after the fact, that your general contractor does not have experience with complex foundations.

3) Supervision. Who, exactly, will be managing the construction of your custom home? It’s preferable to have a Project Manager – or one central point-person – managing the work, resources, and subcontractors. We all know the old adage about too many cooks in the kitchen spoiling the broth. Mistakes can be costly, particularly if they’re not caught until later in the construction process.

4) Collaboration and Communication. Do you already have an architect, or are you looking for one? Is this something the general contractor can help you with? You, the architect, and the builder all need to work well together. And communication is key. To travel from concept to concrete reality, you must all speak the same language. Further, you must speak it frequently – via email, phone, and regularly scheduled, face-to-face meetings.

5) Budgeting. Your home is a big investment, and the general contractor should be qualified for the job. You need to set your budget, and your builder needs to stick to it. Once a final budget is agreed upon, what’s the next step? Also, what does your contract include? Ideally, it should include delivery dates and other essential details. Further, (since he’ll be in charge of the purse strings) what is the builder’s financial experience, if any? Look for a general contractor who will use the industry standard AIA (American Institute of Architects) contract. It includes delivery dates and other essential details.

Use this checklist to narrow your list of builders who have the expertise and experience to help you build your custom home.

We are looking for stories about custom home building – both the glory and the misadventures. If you have a good story about your experience building a custom home, consider emailing us or leaving it in a comment.

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