19Jan

Interior Designer

by Lee Seward Home Remodeling, add second story addition, building a house, buying a new home, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, fix and flip, flipping florida, flipping homes, florida homes for sale, for sale by owner, general contractor services, Home For Sale, home mortgage, houses for sale, Housing Market, improve sales in real estate, investing in real estate, licensed contractors, local building contractor, local construction company, market trends in real estate, new home construction, new home florida, new homes for sale florida, Paint, real estate market, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies, Uncategorized

Is the Contractor holding you back?

Details in your Design Expensive?

The Contractor is an Extension of your Creativity

We see and hear it all of the time, “I wanted to do this but the costs were to much so we removed it.”

Simple is easy and boring

Symmetry

Regardless what you imagine, don’t let yourself be restricted by simple.

Not Complicated

If you have experience and an open mind the work really isn’t complicated and there are ways to make it fit the budget.

You Control

The Designer is in control of the style and the contractor finds a way to make it happen.

Be You

Let Iridium Help

Private Commissioned Residences

For the Discerning Designer

561-597-0021

31Dec

Reoccurring Flood Damage

by Lee Seward Flood damage, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, general contractor services, Home Equity, Home Remodeling, Housing Market, licensed contractors, local building contractor, local construction company, new home construction, Paint, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies, Uncategorized

Home DIY

Flood Prevention 101

Here are some tips to keep water where it should be

Did you know that “INSANITY” is defined by doing the same thing over and over again and expecting different results?

Replace drywall, install new cabinets, moldings, flooring, furniture…wait for it….BOOM! the next storm surge (not hurricane) your home is damaged again. Be angry at those property owners who drove past your home and created a wave that gets your house wet. How dare they leave the house they own to get away or go the house they own to check damage. You have every right to be upset, you just replaced all of the damage created from the last flood and now your home is damaged again.

If your house flooded from a storm surge and you only replaced everything, you could be INSANE. You need different solutions to stop future water damage.

Where was water infiltration entry?
How high was the surge and water level outside and flood water inside?
What height (off the floor) are the entrance doors to the house?

Take this information and create a plan.

Most likely the height of the water level caused the damage. Raise all of your door entrances up as high as possible. Replace the space above your doors to installing that space below your doors. Add a landing outside to enter, and one inside if needed. Waterproof the lower elevation of your home, the entire perimeter. There are many waterproof membranes that can be applied as paint and will stop any water from entering. Besides being easy to apply, you can also paint over so it is not visible. Build the grade around your house up, add planting beds to buffer water and make sure you waterproof continuously behind and higher than the beds prior to creating the beds. Your garage, raise everything off the floor, be sure to waterproof the all of the walls 24″ up and to the concrete slab. Remove HVAC units, water heaters anything in the way and replace after applications are applied generously. Cover the entire concrete slab, be sure to raise the entrance door from the house to the garage to the max and add landing as needed.

Raise your exterior doors to create a buffer below. This work may be involved but if you do it once correctly you won’t have to do it again unless something huge came through. If your home has 8ft ceilings and you door sits on the floor of your home, you have these options:

Option 1 remove the lintel and replace with a laminated wood beam that is short in height and fat. Use the difference in height to raise the door with cement infill and waterproofing. A typical door is supporting 1 or 2 trusses so a 4″-5″ tall laminate beam is suffice.
Option 2 remove the lintel and open the ceiling up inside, install a flush header above the block walls and joist hanger the trusses into the beam for support. put your door to the ceiling line and add the space below with cement and waterproof to bottom of footing.
Option 3 open the ceiling, remove 2-4 trusses entirely, create a reverse gable roof and infill with framing. Raise your door 2ft and create an entrance outside and inside. Be certain to waterproof your exter to the bottom of your footing or at the least to the top of your footing well below your concrete floor elevation.

What is the cost? What is the amount of work involved? Slightly more than the work to replace what is damaged. So if you do this work while you are repairing your home the cost is nominal and you would not feel it. You would stop the stress worrying about flooding again, you would also increase your homes value. When you have a claim on your home it is noted and recorded. Your premiums and future owners premiums will be higher and it will be an issue later.

Recap, doing the same thing and expecting different results is Insane.

Give us a call we provide free estimates and we can help you. 561-597-0021

17Dec

Home Flood Prevention and Mitigation

by Lee Seward Repairing Home, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, Flood damage, general contractor services, Home Remodeling, licensed contractors, local building contractor, local construction company, new home construction, Rebuilding Homes, Remodeling, Renovation, small construction companies, Uncategorized

Flood Damage

Flood Mitigation

When you have water damage the first thing you need to do when the water recedes is to dehumidify the area. If you have a dehumidifier set it up to run 24-7. If you do not have one then you can set your thermostat low and run your ac until you are able to get your hands on a dehumidifier. Remove everything that is wet from the house including drywall. Cut the drywall above the waterline until you find dry area. Drywall will soak the water so the sooner you cut it the less you will need to purchase later. Remove wet wood moldings carefully so you can possibly re-use when it drys out.

DIY PREVENTION

Besides raising your home there are steps you can take to prevent damage from storm surges. One is notice how the water has entered your home. Through the walls, through doorways etc. If your home is block construction on concrete slab (like the one in the picture), the focus needs to be on waterproofing the lower level of the masonry walls. Raise your entrance doors and help offset water damage to the extent possible.

Raise Exterior Doors

In the picture (above) you see the step up to enter the home at the front door, this is good and you can also see the space above the front door to the ceiling. Raise your front door, create steps and landing outside, modify the ceiling inside and outside, create a landing inside to step down. This would need to be done at all exterior doors including the one from the garage to the house.

Next, waterproof the entire lower section from below the interior floor level. Dig the soil away where possible by hand and apply a waterproof membrane. Manufactures are plenty (Laticrete is a brand we use often) and apply this over the surface and include the area you raised under your door ways. Cover the surface area heavily including wall to floor along your garage floor and walls, apply multiple coats after each drys properly. You can also apply Laticrete to the lower section of your finish interior walls and the corner of the floor, this will stop water from intruding into the wall and prevent your drywall from getting wet in the event you experience water intrusion. Laticrete and most products can be painted over so this will allow you to blend it in. They have a fabric that can be applied at the corner of the wall and floor, this will seal the edges and keep the wall dry.

The steps above will help resist water from flooding into your home based on the elevation but it is not a sure fix. Elevate your home is a sure fix and this can be done by building over your existing walls. The cost to elevate your home will reduce your flood insurance and increase your home value. Repairing will help prevent damage from surges at the lowest expense to you, but it will not increase your home value.

Information to know, single story masonry block wall homes are built on top of concrete footings set in the dirt. The floors are concrete slabs installed over compacted soil. Your interior walls are built over the concrete slab. House movers raise homes, these homes are typically wood frame homes (floor & walls) built on top of foundations. The interior floors are structural wood floors with beams posted down to concrete footings. To raise a wood frame home there are location points used to jack up the home, because the floor is structural they use the post locations to raise the floor and the entire home.

Could you lift a slab on grade single story masonry home in similar fashion? Yes but in order to raise it supports have to be added to the existing concrete slab that your interior walls sit on. So you tunnel underneath to add supports and lift or you cut up the existing floor and add supports to lift. Think of the amount of work involved. Labor is expensive and really what are you saving in the end?

Elevate your Home

Our solution is to remove your roof demo all of the interior walls and flooring, reinforce footings as needed with masonry piers, plus necessary anchors, then build a new floor, with new walls on top of your existing block walls at the elevation required. 3-4 months work and done to the style design you want all new.

The cost to elevate your home increases the value of your home offsetting the cost to do the work. We can raise your existing home at a cost of $111-$185 per square foot. The price is based on the structural integrity of your existing foundation and maintaining the same footprint of your existing home.

If you are interested give us a call and we can provide you with a free estimate. 561-597-0021.

26Nov

How to hire a Remodeling Contractor

by Lee Seward Remodeling, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, general contractor services, Home For Sale, Home Remodeling, Housing Market, licensed contractors, local building contractor, local construction company, new home construction, Property For Sale, Real Estate, Rebuilding Homes, Renovation, Repairing Home, small construction companies, Subcontractors

Remodeling in Pinellas County

New Kitchen or Bathroom is very important to you and your Family. The added space or versatility in use or just updating the design to something current requires selecting a licensed contractor to do the work.

There are many steps in the process and everyone wants to save money. What typically happens is the cheapest path becomes the most expensive and sometimes never completed. Horror story after horror story, clients have paid contractors more than 50% + of the contract and no or little work is completed in place.

Make sure you have answers to these questions in writing:

What precisely is the scope of work?
How long will the work take overall?
What are the work hours/days?
Will I be out of a Kitchen for 2 weeks or 9 months?
What happens if the project takes a year?
What happens if you did not add work but the Contractor wants more money?
Who is responsible for managing the subcontractors?
Is the contractor capitalized to operate business?

Typical issues

Google Reviews, There are companies you can hire to create multiple positive Google reviews. Companies with lots of positive reviews are not safe from being bad companies. But there is a way to vet the reviews to help pick good from bad. Read the reviews and you will start to see who the company truly is. You can tell the fake ones from real, the anger from clients and the absurdity from the contractors responses.

Renovation in Naples

If you follow these steps you will reduce a bad experience.

Read the reviews and responses.
Stay away from narcissistic responses from the contractor.
Meet face to face with the contractor and go over the work ask about all details.
Review the estimate provided by the contractor beyond the price, look for details= product description, qty, cost.
Ask for written language of time duration and how will the work be managed.
Ask for missing details to be added.
Define what you are expected to do and what you expect from them.
Add language for delays.

Transparency

Selecting the contractor because they provided the lower cost doesn’t mean that is the real cost. I have seen this numerous times over the years, clients pick the lower cost.

Now what?

The number was wrong, the contractor did not include 1/2 the work and you find out when you are to far in. You signed a contract that has no finish details but pages of how you cannot give a bad review or negative press.

If you have no details explaining what is included in your project then do not hire the contractor, this is true for Plumbing, Electrical, HVAC, Roofing, or General Contracting, Lawn Mowing, Car Repair, etc.

Contractor not showing up

Above we discussed how to avoid a bad situation, but what if you are already in one?

Here are some things you need to know.

Confront your contractor and request a completion schedule in writing, make sure you paper all interactions going forward.
Request a list of who and what was paid to date along with signed, notarized lien waivers.
The lien waivers are proof of payment and you need to know who was paid and how much by your contractor.
Regardless of how much you paid your contractor, if the subcontractors were not paid they can legally (within 90 days) lien your home and foreclose on your property.
The state of Florida is very difficult to obtain a contractor license. You can use this as leverage, all contractors are out of business without a license. Report your contractor, it is a class one felony to take a clients payment and use the funds for anything outside of the clients project.
Threaten a lawsuit and hire an attorney. Most likely you have paid for the majority of the work and nothing or hardly anything is completed on site. Hire an attorney and go after the liability insurance the contractor has, also you can go after the state for allowing this person to operate. If this has happened to you there is a very high probability there are many more clients in the same situation, find them and share the cost.
If you have come to terms, sign a new amendment to go with your original contract. Be certain to have an agreed completion date, cost to complete, timeline and penalty for delays, all missing details of what is included, and all lien waivers that match your overall payments to date and request lien waivers for all future payments.

If you are in a bad situation with your current contractor we can help you by providing you with a real cost to complete the work. This can be used to collect the overpayments you have made to your contractor. We can also work for you as an owners rep and help manage your contractor to complete the work at or near the contract price if possible.

New Bathroom or Kitchen

If you want to remodel your home please contact Iridium Development Inc. We provide free transparent estimates that are detailed. Our contracts are detailed as well and we use industry standard AIA contracts. During the construction process, we provide our clients with login portals to view who we paid and how much we paid each vendor and sub.

You can be assured our prices are very fair, the cost includes the entire scope of work to perform the work and complete the work. We stand by our timelines and minimize the overall duration. With our full transparency we eliminate stress and drama and that is always our goal.

18Nov

Remodeling

by Lee Seward Home Remodeling, add second story addition, boost real estate earnings, building a house, buying a new home, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, florida homes for sale, general contractor services, Home Equity, Home For Sale, home mortgage, houses for sale, Housing Market, HVAC Design Critique, investing in real estate, licensed contractors, local building contractor, local construction company, market trends in real estate, mortgage rates, new home construction, new home florida, new homes for sale florida, Paint, Property For Sale, Real Estate, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies, Subcontractors

Considering Renovating Spring 2024?

Most people start considering remodeling projects and renovations in the spring. Here are somethings to consider:

Create an overall plan
Build your team
Obtain pricing from your GC
Leave enough time

Create your overall plan and if needed do the work in stages. By staging the work you can do things that fit in your budget now or within your time frame between vacations or school etc.

Build your team, You may think you need a designer or architect first. You really should put everyone in place early before you start designing. I have seen to often when I deliver a price to a client and they are shocked by the number. They tell me it is impossible the cost should be that much, when actually the cost is really the same cost I would pay for my home. What usually happens is a client will negotiate the Architect to charge $X percent over the cost of the project. The client provides a target construction budget and the drawings are suppose to reflect that. Sometimes they do and sometimes they don’t. Client’s many times cause increased budget costs. It is easy to love something drawn on paper, not so much when it blows up the targeted budget.

On my end I would rather be involved early and give input to numbers while the design develops. If I understand what my client wants to spend I can help with value engineering while the plans are developed. How do you hire a GC early and protect yourself? Interview and screen your GC candidates. You want transparency and trust, knowledge, willingness to work and proactive. You can lock in your GC based on a percentage fee over cost. You can also hire a GC for pre-construction work and send the final plans out for bid to make a final decision. We usually wrap our pre-construction into the project rather than bang up the client for a few hours of time.

Time, drawings and design can take 3 months easy. Between selection and review and revision that is a generous time frame. Then permits can take another 2-3 months depending on the work and sometimes longer. Add the time to make GC selections and such and y0u could lose 8 months in preplanning and prep time. Goodbye spring!

Remodeling

Build your team and select a General Contractor who is knowledgeable and can provide you preliminary numbers.

Inside tip: The process of hiring a GC or Architect, Designer etc. is the same process and challenge we face when hiring subcontractors. We look for proactive attitudes, details written on paper, fair pricing, professionalism, and really try hard to weed out the BS.

Construction Budget

Details matter, when your G.C. provides your estimate there should be line items with details. You should be able to see what is going into your project and the cost for each item. If you receive one line item with one cost for the entire project…stay away!

Some GC will submit very few line items and one price. They may tell you this and that is included, but if you choose someone who cannot put the details on paper you put yourself in a bad place. We stay away from subcontractors who try to do this with us. The gray area is where all the trouble sits. Full details reduce anxiety, surprises, opens up communication, and if everyone is on the same page then you eliminate problems.

New Homes

Everything should be transparent when dealing with finances. This image is a budget for one of our projects based on renderings we received from the Architect. We have also contributed costs allocations prior to receiving money from this client. Our clients are able to login and view the finances and details associated with the projects we are completing for them 24-7.

When you are seriously considering a new home or remodeling project you should put thought into the entire design. Know the cost as you design so you do not over design or over build for your neighborhood.

Stage the work based on financial decisions and how you have to live during the work. It may be better to move out short term or work on one floor (or area) at a time.

Make certain you know what is included by the estimate and not what someone is speaking to you. Have everything listed with a value, this makes changes later much easier. Tile to plumbing fixtures, cabinet design and drawer count, hardware to ceiling light counts. Details, details, and more details.

Give yourself time to plan and then execute the work, we spend more time planning the work then executing the work. Who wants to live in a construction zone longer than needed? Plan ahead of time as this saves you the most money and grief. Transparency, if your contractor is not transparent then stay away and part ways. To often clients listen to the sale of the project and jump into contracts that have no real explanation or detail of what the work includes. Some contracts have pages of what is not included and how the contractor is not liable for anything. That is a sign to stay away and pump the brakes. You can easily end up paying a deposit or your first invoice that reflects 50-70% completion of the contract work and only have 5% actually finished on site. 5-10% deposits are standard anymore than that beware. Progress payments are for progress. If there has been no work on your property then you should pay nothing. Be Careful to pay only for what you have received or what has been completed on your home. Do not over pay your contractor and only pay for what was completed.

Renovation

Set yourself up to enjoy the process and succeed. New homes, remodeling, and renovating can and should be fun. Work with people who know what they are doing and remove the stress and drama from your project.

If you are considering remodeling or renovating or even building a new home please contact us as we would enjoy working with you.

561-597-0021 or info@iridiumdev.io

15Nov

New Home for Sale in Florida

by Lee Seward Home For Sale, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, florida homes for sale, for sale by owner, general contractor services, Home Equity, Home Remodeling, houses for sale, Housing Market, licensed contractors, local building contractor, local construction company, new home construction, new home florida, new homes for sale florida, Property For Sale, Real Estate, real estate market, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies, Subcontractors

Thinking of Moving?

Tired of the high taxes, crime, cold weather, and short summers?

Florida has 0% personal income tax.

5.5% corporate income tax.

6% state sales tax and max 2% local sales tax (Avge sales tax 7.02%)

$1.3-$1.5M New Home built 2023 in St. Petersburg annual property tax $3,500-$4,200 per yr.

Summer all year long!

20 minutes to white sandy beaches.

73 degree average Gulf water temps in November.

Lower cost of Living compared to the North East.

Shore Acres St. Petersburg FL

4 Bedroom 4.5 Bathroom Home

Chefs Kitchen

Spacious Rooms

4+ Car Garage

Elevated and Safe

Completion April 2024

New Homes, Additions, Renovations, Remodeling, St. Petersburg and Naples Florida.

561-597-0021 or info@iridiumdev.io

22Oct

Home Equity

by Lee Seward real estate market, boost real estate earnings, building a house, buying a new home, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, fix and flip, flipping florida, flipping homes, florida homes for sale, for sale by owner, general contractor services, Home Equity, Home For Sale, home mortgage, Home Remodeling, houses for sale, Housing Market, improve sales in real estate, investing in real estate, licensed contractors, local building contractor, local construction company, market trends in real estate, mortgage rates, new home construction, new home florida, new homes for sale florida, Property For Sale, Real Estate, real estate agent, real estate commission, real estate investing, real estate license, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies

Create Equity and Wealth

Wealth Building

Challenging markets are when you seek ugly ducks in great neighborhoods. Renovate and create your equity and increase wealth.

Houses that have been on the market longer were overpriced and not as desirable. The location can be and at some point the seller will take reasonable offers or just remove the listing. These are the deals to seek out and create. Place an offer and see what happens.

Remodel

This home was flood damaged and the sellers want out. Remodeling this home regardless how cheap is not worth it because it can flood again. But you can raise the home for about $170,000 and create a sustainable environment and equity.

When you are looking to add money to improve a home you need to be able to sell the finished product for 2x+ or higher what your total costs are. We usually operate with 3x+ but we are also doing our own work.

Purchase is where you make the most gains. Know the market and what land costs are (reasonable costs). This helps you decide what your max purchase price will be. Know your improvement cost, this house at $300,000 and $170,000 in improvements = $470,000 total cost. The finished home elevated above FEMA floodplain will have lower insurance premiums saving a buyer $10,000+ every year. This home would sell easily finished at $940,000 in this neighborhood.

You created $470,000 in equity today. Many people will tell you that this is impossible, but it is possible. We do it and you can to.

Raise your Home

Spend money on sustainable remodeling. Elevating the home stops water damage from future flooding, it lowers your insurance rates by $10,000+ per year, the best thing is you just significantly increased your equity and wealth.

Contact Iridium Development and we can help you with raising your home.

info@iridiumdev.io

561-597-0021

Florida License #CGC1534948

10Oct

Shore Acres Pop Up

by Lee Seward Repairing Home, add second story addition, become a realtor, boost real estate earnings, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, Flood damage, florida homes for sale, for sale by owner, general contractor services, Home Equity, Home For Sale, Home Remodeling, houses for sale, Housing Market, improve sales in real estate, licensed contractors, local building contractor, local construction company, new home construction, new home florida, new homes for sale florida, Property For Sale, Real Estate, real estate agent, real estate commission, real estate license, real estate market, Rebuilding Homes, Remodeling, Renovation, small construction companies, Subcontractors

Flood Damage Home Solution

Stop dealing with high flood insurance and damage. Raise the house and increase your home/property value.

No More Damage

We can use your existing footprint and build a new home on top of your block walls. We simply add columns and beams to support the new level.

New Second Story Home

This is a proven solution to ending extreme flood insurance premiums and also having to deal with water damage. Starting at $185,000 we can build an elevated home that would have a finished valuation of $950,000-$1,100,000.

Selective Demo

We do not go in and crush your home, we selectively demo your current home. Utilize the existing bones and build off by shoring up the existing frame. This saves you cost and time. Our process is complete for you in under 6 months.

We start with the layout of your existing home and rebuild that layout over the top of your concrete block walls. This is done by adding new columns and support beams.

If you have a Florida home in a flood zone, contact us for a free estimate and stop paying extreme flood insurance premiums. Protect your investment and increase your homes value. Repairing an existing flood prone home is equal to burning your cash. Raising your home increases your net worth.

info@iridiumdev.io

561-597-0021

cropped Screenshot 2023 06 20 at 10.52.12 AM

9Oct

How to Build a Spec House Part II

by Lee Seward Property For Sale, boost real estate earnings, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, florida homes for sale, for sale by owner, general contractor services, Home Equity, Home For Sale, Home Remodeling, houses for sale, Housing Market, improve sales in real estate, licensed contractors, local building contractor, local construction company, new home construction, new home florida, new homes for sale florida, Real Estate, real estate agent, real estate commission, real estate license, real estate market, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies, Subcontractors

House Design

On How to Build a Spec House Part I we discussed the math behind selecting the property and sale price. Part II we will go over the house design and how to deliver a product better than your competitors.

When you know your targeted market and house size, now you need to design the home you are going to build. Many people think you can have a house design before you have a property in mind and that is not true.

Select the house to fit the lot, do not select any house for any lot. An example can be a rear downhill sloping lot, if you select a home that is deep without a basement then you need to build the grade up at the rear of the home to compensate for the lot slope. This can be extremely expensive and usually when you need fill it is not available. For a down sloping rear lot a home with a walkout lower level is best. Just like a home with one story fits a flat lot perfectly. An uphill lot fits a house with a garage under to cut the vertical angle of the driveway and so on. You need to select something that works with the contours of the land and not against them.

Finishes and design are dictated by the comps of your market space. The sales prices dictate what you have to spend and the room for your profit. Colonial style homes have minimal wasted space so the cost per foot is less than something with more angles. Sometimes a home with more angles elevates the design style and sales price so it may be the best fit for your comps. You want to provide a great flowing usable lay out. Family space along with work space as in the Kitchen. Have you ever tried to cook in a Kitchen where the range is sandwiched in a brick or tile alcove? They provided 6″ of counter for fire protection on each side, it looks nice but really is not suitable for cooking.

House Selection

Put yourself in the buyer’s shoes and make sure your design is family friendly. You also need to design something that works with the budget. Most colonial style homes use square or rectangle layouts that have usable space, some houses with curved rooms have wasted space that incurs cost to build. True Modern homes are minimal, many designers say they are cheaper to build. I have found that is not true, they are beautiful and I love them but typically there are flush beams that limit wires, HVAC, plumbing pipes causing higher install cost. Larger windows are also expensive and especially in hurricane prone areas.

Before going to far in design start working your math to make sure you do not over design or over spend on professional fees for a house that blows your budget.

You have to Give to Get

If you build it do they come? That is only in the movies, you need to give to get and finishes are where the give is. Fancy paint colors, design fads, these are items to stay away. Working in the Northeast you see design styles earlier than you see on the west coast or southern states. Black windows for instance or waterfall countertops have been around since the early 2000s and we are 10+ years past that design style, black windows work in a modern design home or in a metal frame older style window. Modern Farmhouse… OMG Stay away!

You need a design most people will love, not to heavy and not skimpy. Design style, colors, textures that a majority of people will like. They can customize somethings after the purchase but you want to stay middle so most will be happy with your choices. Busy moldings, weird wood on walls, crazy paint color to create a feature wall, save those designs for your own house. Keep your spec house clean with room to add. Saving money is great and you need to, but keep in mind what your sale price is. Maybe a $1.10 sf floor is not going to look great in a $1.6M home. Same for a $8.50 sf floor in a $300K home. You have to find balance and you should one up your competitors in your price point but just do not over or under do it.

More to come: info@iridiumdev.io

9Oct

How to Build a Spec House Part I

by Lee Seward Housing Market, building a house, Construction, construction companies, construction contractor, construction contractors, Contractors, Custom Homes, florida homes for sale, for sale by owner, general contractor services, Home Equity, Home For Sale, Home Remodeling, houses for sale, improve sales in real estate, licensed contractors, local building contractor, local construction company, new home construction, new home florida, new homes for sale florida, Property For Sale, Real Estate, real estate market, Rebuilding Homes, Remodeling, Renovation, Repairing Home, small construction companies

Location Location Location

Yes it is all about location, great schools are very important, a street that is not busy, walkable area, low crime neighborhood, everything you would care about when selecting a place to live for yourself.

Now here is what you might not know about selecting the property. Ideally you want a lot that will allow the house to sit slightly uphill from the street. Not on a mountain, just an upward crown an elevation difference of 2ft depending on lot size and house location.

Next you want an open lot or one that you can open up. Clear out brush and dying trees. If there is a tree worth saving make sure it is not dying by having an arborist look at it.

Triangle lots are tough and usually not worth the trouble, corner lots are the same. Corner lots are viewed as having two front yards and the setbacks from the street in front typically are the same for the side street greatly reducing your build footprint.

Neighbors, you definitely do not want to build a spec house near the neighborhood hoarder or front yard mechanic. No fence will hide what you see on your first and every approach to your new home. You also want to get along with your new neighbors when you purchase your property.

Price, this is mathematics not feelings. Before you start looking for property you need to know a few things first.

What price are you looking to sell your new house at?
What are the comps for the targeted market? Bedroom, Baths, house sft, lot size?
What is the cost you can build at per foot to deliver the same type home in that space?
How big is the market space and how many days on market to sell?
Then select the area you want to build based on the local comps.

New homes sell for more than older homes per house size, bedroom count, and land size. Waterviews and waterfront increase the sales price as do pools and other features. Sometimes they are worth adding and sometimes not, the math will tell you.

Having completed your homework you can then decide on the price for the land. Your ceiling is set by the comps, you need to deduct the cost to build with the features the other comps have, then the land price, closing fees, and have enough profit to be worth the effort.

House for Sale

Trust the math, numbers do not lie. Be sure to include the build cost, land cost, closing costs to purchase, architect and permit fees, utility fees, insurance, taxes, finance fees, this has to be deducted from your selling number and net proceeds to be certain you will make a profit. When you sell you are responsible for paying all real estate closing fees title costs, and legal. This can be 7%-10%+ taken off the sale price depending on where you live.

What is the targeted profit that you should seek after closing costs from your sale and real estate commission?

That profit range is totally up to you but for the risk and cost of money, you should at the very least worst case scenario clear 25%+ per year over the cost. If you are setting your goals for less than you should give your money to an investor who will provide more return with less risk and less work/stress for you. What if the timeline from purchase to sale takes longer than a year? That profit margin you calculate has to be higher than 25%+ per year. If D.O.M. in your area is 180 days that is 6 months of sitting waiting for a buyer. Your home has to be showcase condition 24/7. Lawn maintenance, house cleaning, touch up paint, are all the weekly expenses you must cover to keep your house in showroom condition.

Now you have your math homework complete and you are ready to select and bid on a property. You have your construction cost, and all of your costs associated with the complete build and sale of your new house. These are fixed numbers based on tangible items. The purchase price is the last variable and when you reach your ceiling and the seller cannot make it work, you have to walk away. So many times I hear from builders that they paid more than they intended because the location is worth it and when they finally sell it wasn’t worth it.

At the end of all your hard work and late nights staring at the ceiling trying to sleep, all of this stress has to be worth it or why do it? Do your math and stick to the numbers.

Category construction contractors

Is the Contractor holding you back?

Details in your Design Expensive?

The Contractor is an Extension of your Creativity

We see and hear it all of the time, “I wanted to do this but the costs were to much so we removed it.”

Simple is easy and boring

Symmetry

Regardless what you imagine, don’t let yourself be restricted by simple.

Not Complicated

If you have experience and an open mind the work really isn’t complicated and there are ways to make it fit the budget.

You Control

The Designer is in control of the style and the contractor finds a way to make it happen.

Be You

Let Iridium Help

Private Commissioned Residences

For the Discerning Designer

561-597-0021

Home DIY

Flood Prevention 101

Here are some tips to keep water where it should be

Did you know that “INSANITY” is defined by doing the same thing over and over again and expecting different results?

If your house flooded from a storm surge and you only replaced everything, you could be INSANE. You need different solutions to stop future water damage.

Where was water infiltration entry?

How high was the surge and water level outside and flood water inside?

What height (off the floor) are the entrance doors to the house?

Take this information and create a plan.

Raise your exterior doors to create a buffer below. This work may be involved but if you do it once correctly you won’t have to do it again unless something huge came through. If your home has 8ft ceilings and you door sits on the floor of your home, you have these options:

Option 1 remove the lintel and replace with a laminated wood beam that is short in height and fat. Use the difference in height to raise the door with cement infill and waterproofing. A typical door is supporting 1 or 2 trusses so a 4″-5″ tall laminate beam is suffice.

Option 2 remove the lintel and open the ceiling up inside, install a flush header above the block walls and joist hanger the trusses into the beam for support. put your door to the ceiling line and add the space below with cement and waterproof to bottom of footing.

Flood Damage

Flood Mitigation

DIY PREVENTION

Raise Exterior Doors

Elevate your Home

Remodeling in Pinellas County

New Kitchen or Bathroom is very important to you and your Family. The added space or versatility in use or just updating the design to something current requires selecting a licensed contractor to do the work.

Make sure you have answers to these questions in writing:

What precisely is the scope of work?

How long will the work take overall?

What are the work hours/days?

Will I be out of a Kitchen for 2 weeks or 9 months?

What happens if the project takes a year?

What happens if you did not add work but the Contractor wants more money?

Who is responsible for managing the subcontractors?

Is the contractor capitalized to operate business?

Typical issues

Renovation in Naples

If you follow these steps you will reduce a bad experience.

Read the reviews and responses.

Stay away from narcissistic responses from the contractor.

Meet face to face with the contractor and go over the work ask about all details.

Review the estimate provided by the contractor beyond the price, look for details= product description, qty, cost.

Ask for written language of time duration and how will the work be managed.

Ask for missing details to be added.

Define what you are expected to do and what you expect from them.

Add language for delays.

Transparency

Selecting the contractor because they provided the lower cost doesn’t mean that is the real cost. I have seen this numerous times over the years, clients pick the lower cost.

Now what?

The number was wrong, the contractor did not include 1/2 the work and you find out when you are to far in. You signed a contract that has no finish details but pages of how you cannot give a bad review or negative press.

If you have no details explaining what is included in your project then do not hire the contractor, this is true for Plumbing, Electrical, HVAC, Roofing, or General Contracting, Lawn Mowing, Car Repair, etc.

Contractor not showing up

Above we discussed how to avoid a bad situation, but what if you are already in one?

Here are some things you need to know.

Confront your contractor and request a completion schedule in writing, make sure you paper all interactions going forward.

Request a list of who and what was paid to date along with signed, notarized lien waivers.

The lien waivers are proof of payment and you need to know who was paid and how much by your contractor.

Regardless of how much you paid your contractor, if the subcontractors were not paid they can legally (within 90 days) lien your home and foreclose on your property.

The state of Florida is very difficult to obtain a contractor license. You can use this as leverage, all contractors are out of business without a license. Report your contractor, it is a class one felony to take a clients payment and use the funds for anything outside of the clients project.

New Bathroom or Kitchen

You can be assured our prices are very fair, the cost includes the entire scope of work to perform the work and complete the work. We stand by our timelines and minimize the overall duration. With our full transparency we eliminate stress and drama and that is always our goal.

Considering Renovating Spring 2024?

Most people start considering remodeling projects and renovations in the spring. Here are somethings to consider:

Create an overall plan

Build your team

Obtain pricing from your GC

Leave enough time

Create your overall plan and if needed do the work in stages. By staging the work you can do things that fit in your budget now or within your time frame between vacations or school etc.

Remodeling

Build your team and select a General Contractor who is knowledgeable and can provide you preliminary numbers.