@JackieBaker Hi, 😮 I have been following you for a long time n supporting you. I like to Collaborate with you in real estate . I agree cheap built fir new homes and Greedy hedge funds. I published my recent forecast correction not to buy homes now instead wait...
If you took all the videos you made at face value you'd never buy anything. Your entire channel is dedicated to negativity around buying a home or owning a home. I feel bad for people who only focus on the negative or don't actually do proper comparisons before coming to conclusions.
I'm a plumbing contractor. I see quality issues in nearly all new construction homes, even the high-end "custom builds". The thing is, quality is down almost everywhere. From construction, to healthcare, to insurance, to food, to education, quality is down everywhere. It's a moral and dignity problem. People have to get right with God.
It's poor government. The government should not allow people who do not have educational backgrounds in construction to construct new homes or anything else
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Annette Christine Conte ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I've lived in Naples Fl. 37 years installing custom stone tile in multimillion dollar homes. The superintendent asks when I will be done, I say, when it's done right. he asks when will it be done right? I say when I'm done.
@@Fedgery007 They just don't have many that are skilled anymore! These younger kids are not going into building trades! We have serious problems and nothing is being worked on for solutions!
I currently rely on Mint for tracking expenses and Excel for budgeting, but I'm now considering consulting a financial advisor to optimize my investment portfolio and ensure alignment with my long-term goals.
I love my 1955 home...the wood is thick and redwood...been through several hurricanes and tornadoes and still standing strong! We re-moddles in 2018 so it is basically a "new" home!
@@angiespradlin1029 100% agree. Mine was stripped to studs in 2009. Not a single termite. Those redwood bases are bug repellant and the redwood was still beautiful, no dry rot or swelling either.
I don't own a home in the US because I can't afford it, so I bought a home in México, the house is old as well but really strong and sturdy made out of bricks and concrete much better material than wood houses.
As much as everyone dunks on Boomers and GenX, when they retired, the quality went down. My dad was a carpenter, and a knowledgeable perfectionist. Not sure if they make them like that anymore.
Training is more expensive and there are fewer people in training as a result, so labor is more expensive. There are a lot of people who aren't properly trained working in new construction. That's nothing new, but it's exacerbated.
If you can’t afford to pay a good inspector $300-$500, then you can’t afford the home. Go back and get your “financial house” in order first before considering spending on the biggest “investment” in your life. Good video, JB!
I just heard about an opening for home inspectors where they give you $40 per home and encourage you spend 20 minutes on each one and assign them close together. I can only imagine these are just to move real estate and not look out for anybody.
Shoddy new construction is nothing new. A friend of mine was having a house built in the mid 80's. He went to the site every day and found horrible workmanship and he was like a bulldog and wouldn't leave those guys alone until it was done right. Even to the point of the having to remove the entire roof, rafters, shingling, everything and redoing it because the peak of the roof was all screwed up to where there was an 8 inch gap at the peak and the workers just shot hundreds of nails in it (most of which didn't even work). Unless you have the time and tenacity to inspect the building of a new home every day sometimes twice a day, I'd steer clear of new construction.
I went to a yard sale one time. The owner was selling all contents. I asked how old the house was and he said 4 years old. He then took me around the house and showed me all of the defects and poor craftsmanship. Poorly finished drywall, cracks in flooring, broken fixtures, etc. He said he was moving somewhere else. It was at least a $500k house 10 years ago.
I built track homes in the eighties and nineties and they were nothing like they are today we had some pride and we were taught right , for one we could not have any shiners in the roof and shear especially the over hang in the roof
The on-site workers will complain to the site supervisor who will limit your field inspections saying it’s unsafe and their insurance company won’t cover the homeowner. Since you can’t watch over every workman, they will sabotage your house anyways.
The "base price " of a new home is like buying the cheapest model of a car. Here is what a friend of mine encountered. 1. There was a lighting package price allowed in the base model for $500.00. You go pick out the lights and anything above that is an add on.2. You were allowed 3 cable hook up boxes. More than that is $250.00 each. 3. One receptacle was included in the garage . Extras were $250.00 each . 4. The doors and windows were cheap " builders grade. 5. The furnace and AC were cheap builders grade. 6. The roof shingles were 20 year grade, not 30 years. 6.The driveway was one layer os asphalt , not a base layer and a top layer. 7.The appliance package in the base price price was $2,500.00 . You go pick out what you want and you pay more fro anything above $2,500.00. 8. The base price included one front and rear porch light. To add more was $250.00 each . 9. The switches and receptacles were the cheap 99 cent variety, not the good ones at $4.00 each . !). 10. The bathtubs had fiberglass walls , not tile . 11. The floors were cheap tile , cheap carpet or the cheap composit type. 12. The plumbing fixtures we builders grade . Everything look new and shiny , but it was a piece of junk.
I remember this very specific list when I accompanied a relative to buy her 1st home. I was sitting across from her with my eyes bulging out of their sockets, mouth open in disbelief + the WTF look on my face 😳😲😖😫 we're bilingual & when the builder's "design team" left us alone to make decisions/choices, I asked her in our native language, "you know they're price gauging you, right?" My relative was wise to choose all the basics, no extras/upgrades and after she moved in, we were all happy to help her upgrade to her own personal style & saved more than half the cost of upgrades thru the builder. The worse was the "basic" carpet. They were so thin, felt as if it didn't have padding underneath + texture was rough & uncomfortable. Thank goodness she replaced the carpeting as well.
As an immigrant to this country in 2000, who finally bought a house in 2008 I was STUNNED by how crap the quality of home construction is in the USA. Most Americans never set foot outside the country and have no idea just how bad it is. Of course there are other countries with garbage construction as well but thats not the point. The USA is not supposed to be a poverty stricken third world country. The bigest scam in the entire industry is the "short term roof rental" scam. The idea that you have to "re-roof" your home every few decades (40K dollars where I live) is still not something I can wrap my head around. The house I grew up in was built in about the 1910-s to 1920-s. I used to get up on the roof all the time when I was about 8 to 12 years old. You can still see the house on Google Earth with the same orange clay roof tiles they put on it when it was built. That's over 100 years later! I know they're the same ones because they haven't made those tiles in that color since I was a kid so there is no way they aren't original. Thats over a CENTURY that that house (and the others in the neighborhood) have had their roofs untouched. Yet here American's apparently think its perfectly normal and understandable for roofs to require replacing every 20 to 30 years, Absolutely NUTS.
The quality of the builds depends on when they were built and who built them. My home was built in the mid-80,s when Cocaine was rampant. When you have someone who would rather use drugs and doesn’t care what kind of job they do, crappy construction is the result. The attitude is; “F’ them, I’ll be long gone before any one figures out what I have done..”
In Europe I’ve never ever seen a single house with tar shingles, these are considered suitable for a chicken barn, it’s all tiles, clay or concrete. But that’s probably way too heavy for the matchstick construction. On YT I learned these wooden framing is only upheld by the OSB sheeting, without it would collapse right away. 😮
What your describing is the direct result of Fabian socialism creating a global banking cartel issuing fake money (fiat currency), running fractional reserve lending practices, pushing interest rates down to 0% to fund socialist programs with counterfeit currency: The increased money supply artificially increases the cost of housing causing replacement costs to skyrocket making insurance premiums go through the roof. In order for insurance companies to survive, they have to disqualify more homes who make claims so, one of the most "low hanging fruits" is saying the roof was bad if it's over 20 years old. That why people replace them - not because they need to be replaced, but because socialist economic policies always cause secondary and tertiary ripple effects since they are based on fraud and Ponzi schemes to make it look like their attempts at utopianism are working. Reality always wins though. Unfortunately, when everything collapses, the socialists always blame a non-existent "capitalism" for the problems they created, and since they control education, the public is completely ignorant as to the real cause and you wind up in a socialist dictatorship eventually which is where the US is heading rapidly, if not already there.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
I started out with *Aaron Morgan Bell* ,great advisor. I got very lucky to have found him especially after my marriage crisis & consider him a good friend now.
*Aaron Morgan Bell's* approach strongly emphasizes the importance of holistic financial planning and long-term wealth preservation. His focus on maximizing returns and prioritizing risk management
I love my solid 1930’s home, built by a successful pharmacist in my small town. I know it was well built back in the day, including all the wonderful moldings and built ins. It has been well loved through the years.
True! True! True! I have only bought new homes (4) and every home I have bought has construction issues if you really look for them. Anything is that is mass produced, will have issues.
One guy we heard of is an undocumented immigrant. He and his friends are doing all the framework on most of these new construction homes They've had no schooling to build anything but he started working for someone a couple years back and said he learned everything Most of the time they're drinking on the job I found two beer bottles behind my wall on my new construction home.. These new construction builders just look for the cheapest labor available.
@@Robert-lo6uf not really about cheap labor. All the experience workers are currently retired in construction or found jobs less labor intensive as we’re old. unfortunately the current labor force in construction currently are Hispanic workers and they do work very hard. Maybe they need to be supervised more. Not going to get any American kids doing this type of work because we’ve been pushing them to get an education that’s absolutely useless. Plus they’re lazy.
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
In the early 1990s, when I bought my first home in Miami, it was common for first mortgages to have rates between 8% and 10%. It's important to recognize that we may never see 3% rates again. If sellers are forced to sell, home prices might need to drop, resulting in lower valuations. I believe many people share this perspective.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Soooo many stories of first time home buyers buying new construction and seeing major issues mostly around electric and plumbing. Often these issues happen within the first 6 months of purchase, with some occurring after the first year. Folks, do NOT skip the inspection, and invest in a high quality one at that.
And make sure your home comes with a home warranty or buy one yourself for a year or two to cover the cost of any construction flaws because a new HVAC unit (for instance) will cost thousands of $
@@nahbro3240 Yes, true for most new homes in the US as well. Where home warranty is especially important is for pre-owned homes. I had some large, unexpected repairs in my first two years of living in my current home pre-owned home and the home warranty took care of it.
We bought a new construction home 4+ years ago. We love it - no problems or surprises (knock on wood). We could choose the location, upgrades, and options/customizations we desired. Took 5 months to the day to build. Everything is new, modern, and up to current codes. Our prior home was build in the early 1960s, was beat up, much was original/not upgraded, and it had a multitude of issues due to its age. Much relief, stress reduction, and enjoyment moving to a new build.
Strange--I had a great experience buying a ~500K new construction home in Wisconsin during the pandemic. No delays, got a low interest rate, and the quality was unmatched. Still happily living here with no issues! I guess it really depends on your builder!
Advice giver: Never buy a new construction house! Me:okay Advice giver: never buy an house from before the year 2000 Me:okay Advice giver: never buy a manufactured home. Me:okay Advice giver: and never buy a condo. Me: so what should i buy? Advice giver: nothing
@@armandozamora9009 same here, bought a brand newly built home 2019 for 312k and sold it 2 yrs later to avoid tax for 408k, almost 100k in profit... WOW
If you're going to live in a neighborhood with one, the trick to dealing with the HOA is to take over the HOA. Find all the people in the neighborhood that are tired of the current HOA's BS, and get them to come to a meeting and vote you onto the board.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
??? "reduce inflation and borrowing costs" ...reduced borrowing costs is a major contributor to inflation though... Until housing is at 2019 +~6% levels, then we still have inflation. What we need is, gasp!!!!... deflation. They printed more money in 2020 than in the entire history of the country - that's really gonna screw things up for a looooong time.
Bought a 1,000 sq ft 2 car garage from Tough Shed for 18k and converted 500 sq ft for a one bedroom one bath. The slab cost me 10k but it's not your ordinary slab.
My house is 690 ft.². A 500 square-foot house isn’t that bad for one person, maybe a couple. Low maintenance. Low cost to heat, etc. I love my little house.
We just had a garage built. I have been here for 30 years & the garage was twice as much as the house originally cost. However, my neighbor is a retired construction worker. He said it couldn't have been built better. That was comforting to hear. I would catch him inside, just looking at it. He's 90 & it was adorable! Now the taxes will go up, smh. Punished for improvement. I put it off for that reason, but I shouldn't have. 10 years ago, it would have been so much less.
I was an agent with RE/MAX in Tampa for 30 years. I'm retired now. I always told people that I would never buy new construction. The standards here are horrible. Most are stucco over frame which is one of the worst construction types for our humid wet weather. The lack of quality is unreal. Most of the stucco over frame homes are rotting from within. In fifteen or twenty years, these are the homes that have major repairs/scaffolding/rebuilding/stucco removal going on.
Agree. In NM most laborers are unskilled and only speak Spanish. If the site supervisor isn't fluent in Spanish, you're guaranteed problems.. Even if the site supervisor or someone on the crew speaks Spanish, its still risky.
@@defynedso fucking what if they speak Spanish😂 we have Portuguese speaking brazilians framing and their head carpenter is great. When I see people whining about unskilled laborers, I have to remind myself, they don't know the difference between a laborer and a carpenter😂 everyone without a hammer had a million things to say about construction and i have plenty of pop corn baby😂
Problem is there is shortage of good tradesmen who probably worked for a builder and they probably got laid off one too many times, so they either started their own company, or got a different career. A lot of these new homes are pre fabricated and are shipped to new subdivisions that are being built. The material is another thing because wood is not as strong as it used to be. If you get a chance to look at new construction homes you can see the type of wood they are dealing with. You are better off buying an older home that you can remodel yourself, or if you have friends and family in the trades that’s even better. Learn some trades skills. This will help you in the long run.
@@dionisioramirez6706 you’re working in a Tower of Babel of non-English soeajj my era for the completely unethical known for turning everything they touch into an organized crime.
Trust me, I've lived in a home thats built in the 70s, and they sucked as well 😂 at least with the new construction things, which are more up to date codes. With older home youll be surprised with the upgrades you gotta do.
Yeah older homes have better quality of wood, but a new construction home built by a reputable/honorable builder will be better due to better framing standards. Many older homes will have termite damage and rot, and it’s likely that the roof will need to be replaced.
At some point, shouldn't a really bad inspection or string of bad inspection put a halt on licenses or further permits pending evidence of correction of the business and its practices?
Which is why I'm building it myself. The American housing market has failed in every possible way it can and I will NEVER trust it again. Just find me an acre of land that isn't in a flood zone, has sink holes, won't be on fire in the next few decades, won't have property tax hike- you know, this may be tougher than I thought.
Thanks for sharing this VERY valuable information, Jackie! Other "cookie-cutter" builders like Pulte and KB Homes along with others in various parts of the country build SHODDY homes with the cheapest labor they can find to maximize their profits. And then home buyers are stuck with these building NIGHTMARES and suing the builders is not always easy. When problems are found after people move into their new homes, these shoddy builders do only band-aid repairs until the warranties run out. I am APPALLED at the shoddy construction I have seen online and my heart breaks for these homeowners who are dealing with these nightmares in their new homes that they paid a lot of money for after falling in love with the pristine model homes. I would NEVER buy a new home today! Added to all this are the premium lots with their GREAT views or next to golf courses but also AVOID these lots for the higher costs, especially living next to golf courses and dealing with the threats of broken windows or maybe getting hit by golf balls every day when you are relaxing in the backyard! NO thank you!
I was in construction for over 30 years and a marble and tile contractor for 14 years, and houses had to get an inspection after each section was complete before moving on to the next section and all had to be up to code in Florida. I don't understand how the work wasn't done right... The rest of what you said I can believe. Are some inspections paid under the table as hush money....
Our last home was built in 1963 - we disclosed everything when we sold it, but what a nightmare: outdated, tiny kitchen, termites, dry rot, not much upgraded, old 2-prong electrical, ductwork falling apart, original plumbing, low-ceilings and dark rooms with little lighting, original windows, inefficient HVAC, poor insulation, tiny master bathroom, chimney cracks, etc. You really want that house? I think the new buyers put in $250K to get it better, but still not fully-updated and were unable to sell it. So, beware of buying an older house. Our year 2020 new-build house is SO MUCH better after almost 5 years here.
My cousin and his wife just bought a house built in 2001. A newer subdivision home without much character. Unfortunately, their chimney had some kind of leak and whenever it rained, water would leak from their living room ceiling. Apparently the owner put the home on the market during this and wasn’t forthcoming about the issues. Now they need to have chimney and fireplace removed. The one thing that kept the house from looking like a plain box on the inside. Shame
I got lucky. 20 years ago, I had my home built (new construction) in a nice neighborhood. The builder did a good job. And my home was the first on the street, so I got in at a low price. I had to put up with two years of the construction of other homes on my street but the prices increased by 30%+ in two years, making my home appreciate that much quicker. Overall, it worked our well.
That was actually smart because the first home is supposed to be the model home so it’s usually ironically well built. The work starts to slack somewhere in the middle of the project because funding needs to continue to come in so you actually bought one of the best, if not, the best house in the neighborhood in terms of quality.
It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@MikeWyatt-e8h This is definitely considerable! think you could suggest any professional/advisrs i can get on the phone with? i'm in dire need of proper portfoIlo allocation
Every house at one point was new construction and I'm remodeling my 1955 suburban box and most likely it's got lead paint, asbestos siding & flooring and etc. Items I see in the videos are managers not holding their trades to quality control for mostly punch list items. Do your research and pay attention you can get a great home.
Jackie is right. Our place was built in 2018 and the roof leaks. We contacted the builder and he said the warranty for the roof is only 2 years. All the appliances need replacing and the carpet they put in here is trash. And on top of that the HOA is a PITA and will not assist with any of it because the builder is on the board.
Thank you for this Jackie! OMG! We replaced our roof after 4 months on a move in ready Century Complete Home in West Central Florida for EXACTLY as shown here where truss not nailed together! I have photos of it! We are looking for a lawyer here to take this on. Good news is we paid well under $300,000 for a concrete block 4 bed 2 bath home …1818 sq ft … 2 car garage … .29 acre lot … they came out 4 times before builder became angry with our home inspector … closed the ticket and told me “stop looking for problems and focus on making our house a home”! And title company charged us escrow fee of $650 when we paid all cash for this home! You are spot on in this video! Wish I could post my photos of the roof here but I could email them to you if you like! We plan to post to our TH-cam channel we are developing! Wish we had a true buyers agent but we had one that lied about that and was actually for the seller … Century Complete Homes and not us!
I've bought new construction twice and never had an issue before or after the purchase. The first one was already completed but the second one was in the beginning stages of construction. The second house had a small laundry room and a huge master closet on the other side. We were able to get that wall moved over a couple of feet and enlarge the laundry room to make it much more usable. I was also able to get the cable and electric outlets on the TV wall raised to five feet off the floor and make them with four outlets. I also mentioned about the lack of outlets in my current garage and asked for extra ones with four outlets, plus a 240 volt for an air compressor. I was surprised to see I got 38 outlets in my garage, plus the 240 volt. I also asked for a telephone line and electric outlet in the crawl space for a water intrusion alarm. All in all I have about 105 electrical outlets in my house. There was no extra cost added for any of this. We also got to choose our flooring, paint, exterior siding, lights, ceiling fans and kitchen counters, cabinets and appliances. Almost nine years later I've had zero issues with the house. And I get to live in a house that was finished to our liking.
Excellent video -buyers beware! I’m following both of the inspectors and appalled at what is going on with the home building! I recommend anyone thinking of buying to watch these and take notes! Thanks for this video!
I got a new home that was already built with a manager's special of 55K off. Sales have gone down so get ready to scoop up a home with a discount! There's a 1-year full warranty and 10-year builder warranty. I absolutely agree with the necessity to hire your own inspector and get everything fixed BEFORE closing, put a contingency in your contract. My friends always bought new construction and have been very pleased. My home had some cosmetic issues and they reluctantly came out to fix those, still waiting on some. I can't say those issues were deal breakers, but definitely annoyances.
Jackie is spot on with this video on all the negative issues with new construction. I have personally seen city inspectors on a few projects where I was doing work for my customer meet with the GC to "inspect" a property only to have them shoot the breeze out at the truck and the inspector signs off on a block of houses without ever walking inside them. Always hire your own property inspector to inspect any property you wish to buy. Do not ever just take the word of a contractor, get it inspected yourself. It is always the buyer's job to do their own due diligence.
I have so many thoughts on this! I am an electrical contractor who has done the electrical installation on many new homes. These videos of inspectors finding obvious bad workmanship doesn't even show the tip of the iceberg. Even the good smaller home builders are producing some bad homes because of the lack of skilled labor and pressures to build a 3-4,000 square foot home under budget. Cheap materials, cheap labor, cheap plans and customers who have seen too much HGTV. I was doing the electrical on new build for a $750,000 home (that was the original quoted price so who knows what it ended up being) It was a custom home (no architect just plans bought on line and adjusted by the general and the customer) and to save cost the house had virtually no windows. One of the windows that basically just made the home look right from the outside was in the pantry!!! The quality of work wasn't bad for this home but the flooring, windows, and trim were so bad and cheap it felt like a mobile home to me when it was finished. Most people sacrifice all quality for square footage on new homes and it is insanity. Also an inspector will never find everything that is wrong with a house. No hate on inspectors but if you expect one person to an expert on every trade in home you are sorely mistaken. They are good for finding basic faults but there is always way more. Even on new homes I would find myself chatting with the most senior workers who have been around for 30+ years and we would just go through the house picking out all the mistakes that the general contractor wasn't going to fix because of cost. I would be on site working and the general would show up and be walking around with the customer and I would be holding back laughs because of all the bullshit he was spitting at these folks. But as a sub, the last thing you want to do is piss off a general contractor that is going to hire you and give you jobs for the next 5 years for one customer (who is usually a dick and looks down on you because you are a blue collar worker) who will never hire you or your company again.
Merci for your excellent presentation. Not been in the states for almost 2 decades. I need to return to care for my sister who has MS. Without your presentations, I would know nothing about real estate in the states. Much appreciated.
We moved into our new construction home a month ago. We had the exact opposite experience building with simplicity homes in the PNW. They built a great house for a great price. My recommendation to avoid these issues would be 1. Don't buy a new construction house after it's done. Spec it out and build it yourself. 2. Be involved in every step of construction. Have good communication with your project manager, and let them know your concerns while they're easy to fix.
Newer homes can be nice (higher ceilings, new appliances); but IMO the are some home builders “stacking and packing” homes on a plot of land. They are too close together and the walls are thin. Catercorner homes are usually more problematic.
@@lydiadugan8368 I disagree, Toll Brothers is not great, but much better vs Lanier, DR Horton, Pulte, Taylor Morrison, etc. I have seen great builds and bad ones with all the major builders. It really depends on the subs they use and how well the site manager runs things.
I am a builder, 40 plus years, owned my company, worked for national builder, and best custom builder with every award on planet. Sorry but a very broad brush you are painting with. My homes both with national builder and custom and what I presently build meet the highest standard, and if you what to see if a builder can deliver consistent quality, it is simple, ask how long his subcontractors have been with hi. Mine are the same year in and year out, so the quality is there and consistent. National builder rebuild a new team when the price of labor goes up 10 cents, so you get what you pay for. When I built in New York, the man that put in my first foundation put in my last 20 years later, same with flooring, drywall, HVAC, build good relationships and build good homes!
I'm not saying all builders are bad. There are a lot of great builders out there. I don't mean any disrespect. But recent years there have been many issues and I just want to educate people about what to be aware of. Thanks for watching!
Thanks, there are still good builders out there. She is just afraid her commissions are drying out since now new construction homes are priced better, with concessions, than old overvalued junk homes.
Been doing HVAC/Sheetmetal mechanic for almost 40 years now.the home builders we do work for is the same ones from 40 years ago.i can say that they build high quality homes and go above and beyond to build a great home.its still good and honest builders out there.
Excellent video. I’m a new subscriber and thoroughly enjoyed this although I would never buy a new home in today’s market. Unfortunately very few builders are taking pride in their work and the price of materials are through the roof. Thank you for caring about your values. It’s very refreshing. It appears buying and selling a home is not as easy it used to be. 😊
My dad built about 60% of the house he and my family lived in all by himself, and lived in it from 1993 until 2016 (I gave him a hand building about 15% of it). It was a 1,900 square foot ranch with three bedrooms and two and half baths. He didn't trust other construction companies, but was a professional home builder (owned his own company building homes) and chose to do it himself not only to save tons of money on labor expenses, but build our house to his satisfaction as far as quality was concerned.
Former home inspector, Cook co, IL & surrounding counties. Best home is 2-5 yrs old.Why? Severe defects are most likely showing up, and, Items like HVAC, plumbing, roofing, electrical have many years of useful life, Also, masonry (brick) home is always best,
In Florida, and probably many other states people go for new construction because they have to build to current hurricane codes. This theoretically helps keep insurance rates down. Another reason people choose it is because everything is under a new warranty. That said there are a lot of horror stories as you note in your video.
We built a new house with Lennar. It was good. Then we also bought a second home that was built in 2000. That is when we realized that in those days the wood used was very thick and hence the house felt so solid. So even if we have to replace somethings we decided we will only buy old houses.
Old. New. She should mention years perhaps? Sometime after romex wiring with circuit breakers but before panelization and snap together floating luxury vinyl flooring (lol).
Good for the inspectors. The flaws in the construction can be deadly. The companies building these homes need to take responsibility and stop trying to cut corners for profit.
Not only the things u have mentioned but another thing to consider is that in well kept older homes the kinks have been worked out and lots of extras may have been added by the previous owners. For instance in our 22 year old home we have made sure our yard drains properly, trimmed or cut all the trees that posed a threat to our house. We added gutters, built ins, upgraded toilets, electrical outlets in places where we wanted to add ambient lighting or other things. Our landscaping and lawn is mature and beautiful..The BIGGEST thing we have added that u WONT get with a new home is a generator! We have white blinds throughout . You would get non of this with a new home.. We replace anything that breaks or is worn, roof, AC units etc..
Another potential problem people purchasing a new build house is this--you probably won't be able to meet your neighbors. You won't be able to judge whether these are people you want to be around. This happened to our family. My parents purchased a new build house in a subdivision and did not get to meet the neighbors until move-in. It turned out that one of the neighbors were psychopaths and the other were shoplifting thieves. This neighborhood ended-up having a very nasty kid gang, one that bullied and targeted kids in the neighborhood and engaged in various criminal enterprises. These are definitely NOT the sort of neighbors you want to have.
Why are builders allowed to be months late with no penalty? Renters get docked for being days late. Could it be because there are no laws prohibiting it, and they wrote the contract?
Thank goodness I found you Jackie! South Jersey lady here & 1. Yes our taxes went up by $450. & I won’t say my builder, but I’ve been in my home for 27 yrs. The head of construction of my home hated me so much that 1 year nail pop fix came up… the gentleman who was doing the job, was called by the actual head person to “Only do the Obvious pops!” 2. We bought new construction back in the 90’s bc in NJ there was a pilot program to get first time buyers into new homes w a 6% interest rate. This was in the ‘90’s and interest rates were 18%?? Bought new construction bc my husband knew nothing about fixing up older homes & we didn’t have the money to hire people. So after living in the home for that 1 year, I was the only one of the pair of us to say our windows were placed incorrectly- the builder did not take responsibility, the window company came out and showed me how the windows all needed to be shimmed. Bottom line, my house is off by 3” (built tilted). When I complained so much when first moving into the house, the kid in charge said, “no house is ever built level, I’ll place my level anywhere and show you. My 5’ mother was about to attack this kid who rep the builder. So, yeah really fun! Don’t know who inspected our house but he must have been drunk.
I purchased a new construction home in San Diego and encountered several issues with the workmanship, which was subpar. I documented the problems with photos during construction. There were numerous cost-cutting measures that compromised quality, such as needing to replace the dishwasher and finding many nails in the garage and front patio. Fortunately, the value of my home has increased by over $150,000 since I bought it. However, the initial investment in landscaping is significant. I plan to sell this new construction and purchase an older home in the next few years. On the positive side, the home is highly energy-efficient with a tankless water heater, soundproof windows, EV charging, and excellent insulation. I had the property inspected, and the builders have been helpful with touch-ups. There is a one-year warranty, so we plan to get another inspection one month before it expires. We received the best incentives for new constructions in San Diego compared to older homes. The community is entirely new, but the HOA fees are $460+ and are estimated to rise to $750 per month once all homes are completed. Additionally, there is a proposed school site near the community. Should I sell or just rent it out? One of my neighbors downsized and was fortunate to rent their place out for $3750 a month. Not including the HOA and utilities
I am a small builder in Arizona who is competing with the big builders. I am very involved and personally invested in the homes I build to ensure that my product is a high quality far above my competition. Maybe you didn't know that people like me exist in this industry, but I honestly don't appreciate the premise of your video. It's a blanket statement that lumps me in with others who have no integrity. We are very rare and run very small operations, but we do exist. And we exist to provide a quality product for people to rest easily within.
The problem is that most construction folks end up drug addicted because of all their pain and injuries and there are few skilled carpenters left, lots of immigrants that don't even speak English, let along know how to properly build a house!! I am not saying all immigrants are terrible at carpentry, but they lack the skills and experience needed to build quality. Just my observation and opinion.
@@alyross2850 When I lived in the states as a very young lawyer, I would trade services with construction workers for representing them for DWI. It is a shame, but that is reality.
Solution is actually very simple! If buyers had the ability to sue builders for negligible work with suspending their licenses and paying for damages, that would drastically change their build quality! The issue is in regulations, not in sloppy and unqualified builders that should not have become a builder at the first place!
As a scattered site modular builder as investments it avoids all these problems. Custom homes for my customers owner occupied are never 100% perfect, but heads above what you mentioned. Everything you say is true, however there are good experiences out there. Buying in a tract is not a good idea as mentioned. My spec houses on scattered sites go very well.
I saw a new million dollar + new construction home go up using cinder block columns, and ferris strips and toothpicks. Everything was covered up using tin roof and high end windows and doors and stuccoing beautifully done. I wouldn't buy it for a wooden nickel. Beware buyers!
My husband and I bought a house 30 years ago that was one year old. When we had the master bath remodeled several years ago, we found out that the rubber flange below the floor tile in the shower was improperly installed so it leaked. I later talked with several people who had bought homes by the same builder, Lennar, and they found the same issue. I don't know how an inspector would check for that without removing the tile.
I live in a Toll Bros community. The materials they use can have problems, for instance I was told by a contractor back when we bought the home that Toll Bros has lumbar they buy in bulk that sits out in the weather, so yes you can have warped and bowed wood inside your walls despite buying a new home. We had an inspector check our home throughout the building process and we were overall pleased. Most of the neighbors complaints have been about the flashing around the fireplaces and the stucco siding which does not hold up well in NJ weather. We didn't choose stucco, so our siding is fine. Also, when choosing your options, there are some things you can go out and get yourself. For instance, we told TB that we wanted to use our own contractor for the tile floor in the kitchen/ sunroom and also for the upstairs flooring.
I picked my lot, watched them build my home and it was perfect. I sold it some years ago but that home is still in perfect shape. I would buy a new construction home again and again, but only by very high quality builder.
There is another important reason realtors don't like new construction, is because we don't need them! We can walk in by ourselves, see the models open daily, the yard size, specs and work directly with the builder. These homes, even if not perfect, still come with warranty, new electric, plumbing, furnace, A/C, roof etc, so my friends, this is the nr 1 reason they don't want you to buy new construction. They don't get their cut. And for new construction, realtors do very little work, maybe few emails. Why bring a middle man to complicate things and slow down the communication? After dealing with so many dishonest realtors, scuze me, but that's my experience, I will gladly work directly with the builder for the right house. I can hire a real estate attorney for $500-$1,000 to look over the contract if I need to.
@WillieFungo I bought enough homes so I know. As I said, there is no need for realtor when buying new construction. And do you actually know that sellers increase the price to make up for the commission so is actually the buyer that is paying the commissions? Are you a realtor?
I agree! If you know nothing about how a house is put together, do not even think about buying new construction, especially, if they won't allow you to have your own home inspector to inspect it.
I work in HVAC and seen hundreds if not thousands of houses from inside out. That is why i don't want to buy a house anymore. Didn't see anything satisfying. I might consider a mobile house just to save money instead of buying overpriced junk house. I would rather keep renting and invest in something else. Not a financial advise
I bought a custom built '91 rambler, built by the owners for the owners. So worth it. Extra thick walls, lots of plugs, everything is labeled, crawlspace is huge, everything is accessible. It's so worth the "outdated" 90's cabinets and counters to have s strong house
Im originally European, and I can say this is how we build shads back home! I'v seen all over in US how contractors build in US is a joke and would be demolished in EU. Brick walls, concrete, and inside outside insulation is the way! Not like paper plywood houses! Electric cable codes are even worse!
My house was built in 1900. Yes, it’s built out of wood. But it is solid. The inspector said it would still be here in another 100 years but the new ones he’s looking at won’t be standing in 50.
Older houses are generally built better. The trees are mature. Older neighborhoods typically have different kinds of houses, which adds variety and beauty. If your older house needs some work then it gives you something to do. As far as I'm concerned, the quirks, inconsequential cracks, slightly crooked fence, etc., adds to the character of the house. The dang thing doesn't have to be perfect. New construction might look perfect, but it sure won't stay that way. I could never understand why people buy houses in new developments where all the houses look the same and you have to wait 20 years for some decent size trees.
My home, a revamped triplex (or very large duplex home) is sitting on a 1933 foundation with only minor repairs so far. There might be some sheet-rock cracks, sure, but she's solid! The HVAC system was in pretty good shape when we purchased, but it was close to the end of its life then. Recently had a completely new HVAC system with crawlspace dehumidifier installed, so I suspect she'll be around for quite some time still. 4BR/3BA with practically new electrical and tile and hardwoods throughout. Can't complain about a solidly-built home.
I’ve lived in old houses my entire life. They might be well built, but they usually don’t offer much natural light and they never have enough electrical outlets. Many only have one tiny bathroom. The kitchens are teeny weeny with barely any counter or cabinet space so you can barely even roll out a pie crust, and often there is no pantry at all. Oh, and good luck finding an affordable fridge that will fit, let alone furniture. If you can find one with a garage, it will be a one car..... and those have usually been turned into some kind of wonky addition. Old houses suck to live in. Us peasants make do because it’s what we can afford, but the “character” of old places quickly loses its charm when you actually have to live there full time.
Yep, hired my own inspector when I bought my 1st home. He had to fly in from out of state, but either I paid him well to do the job right OR not buy the house at all. After all was said & done, I don't regret anything & it was money well spent.
I wouldn’t buy new IF old homes didn’t need so much work. Too picky. This is my 3rd new construction home and I wouldn’t have it any other way. Anything that goes wrong they fix. Up to 10 years. Never had an issue .
Watch this to see which types of homes you should never buy ➡th-cam.com/video/6XXjKV37gSk/w-d-xo.html
@JackieBaker Hi, 😮 I have been following you for a long time n supporting you. I like to Collaborate with you in real estate . I agree cheap built fir new homes and Greedy hedge funds. I published my recent forecast correction not to buy homes now instead wait...
If you took all the videos you made at face value you'd never buy anything. Your entire channel is dedicated to negativity around buying a home or owning a home.
I feel bad for people who only focus on the negative or don't actually do proper comparisons before coming to conclusions.
these days, old homes cost more than new homes
You keep saying what not to buy (over 100 years old, new build, HOA, AND A LOT OF MANY OTHERS)
@@o2bme33 pointing out what to look for that's all
I'm a plumbing contractor. I see quality issues in nearly all new construction homes, even the high-end "custom builds". The thing is, quality is down almost everywhere. From construction, to healthcare, to insurance, to food, to education, quality is down everywhere. It's a moral and dignity problem. People have to get right with God.
@@markbone5028 🎯
It is a moral problem, an integrity problem. No one seems to have work integrity anymore. Sad
It's poor government. The government should not allow people who do not have educational backgrounds in construction to construct new homes or anything else
Well another I'M PERFECT JERK !!!
@@dampergoldenrod4156 Keep giving scholarships for sports lol
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Annette Christine Conte ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@Dantursi1 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I've lived in Naples Fl. 37 years installing custom stone tile in multimillion dollar homes. The superintendent asks when I will be done, I say, when it's done right. he asks when will it be done right? I say when I'm done.
@@droldsw31 I would say when i'm done with your mother
You can have any job completed fast, fabulous, or free. Pick 2.
Love it!
I appreciate workers who value doing jobs right!
@@dq7143 You are a rare commodity in today’s world. Thank you 😊
Homes aren’t built using skilled labor. They built using unskilled day laborers.
@@Fedgery007 illegals.
@@Fedgery007 They just don't have many that are skilled anymore! These younger kids are not going into building trades! We have serious problems and nothing is being worked on for solutions!
@quantumfx2677 stop giving scholarships for sports and implement these programs in middle school
@@quantumfx2677Maybe they would if you could make any sort of living off of it, but you can’t. I’m not going break my back every day for shit pay.
@@quantumfx2677 It's back breaking labor, the pay isn't great, and it's out in the weather; rain, snow, or brutal heat...
I've had friends experience delays and quality issues with their new homes, like electrical problems and leaky roofs.
And the costs add up quickly. Have you factored in long-term expenses like property taxes, insurance, and maintenance?
Let's face it, owning a home comes with it's difficulties. So the right question is how do you plan for those 'oh no' moments?
That's where building an emergency fund comes in, a safety net to cover unexpected home repairs, appliance replacements, or temporary income loss
How do you keep your finances in check? Got a favorite budgeting app or spreadsheet?
I currently rely on Mint for tracking expenses and Excel for budgeting, but I'm now considering consulting a financial advisor to optimize my investment portfolio and ensure alignment with my long-term goals.
I love my 1955 home...the wood is thick and redwood...been through several hurricanes and tornadoes and still standing strong! We re-moddles in 2018 so it is basically a "new" home!
@@angiespradlin1029 100% agree. Mine was stripped to studs in 2009. Not a single termite. Those redwood bases are bug repellant and the redwood was still beautiful, no dry rot or swelling either.
Love old homes.
I have a redwood fence that is still standing while my neighbor has changed his fence 3 times. Nothing like older redwood.
Yes! 1970 and remodeled- the way to go.
I don't own a home in the US because I can't afford it, so I bought a home in México, the house is old as well but really strong and sturdy made out of bricks and concrete much better material than wood houses.
As much as everyone dunks on Boomers and GenX, when they retired, the quality went down. My dad was a carpenter, and a knowledgeable perfectionist. Not sure if they make them like that anymore.
@@SoulfulVeg I think the a pension, and making enough money to feed a family and buy a home will attract higher quality workers.
@@price3216 agreed. And, also a better work culture.
And they removed shop classes from schools!
Thank the boomers for ruining wages with the 1965 immigration act
Training is more expensive and there are fewer people in training as a result, so labor is more expensive. There are a lot of people who aren't properly trained working in new construction. That's nothing new, but it's exacerbated.
Look at all those 3 to 4k sq ft homes sandwiched together. I’d rather have a home half that size that has an actual yard and space.
I agree. A yard is your privacy zone. That’s what gives you peace and quiet in your house.
@@danparish1344 yards are overrated.
A yard becomes essential if your neighbor or neighbors become annoying. We have one. More space would yield more peace.
@@sm3675 I guess it depends on what you are accustomed to.
@@sm3675 Agree, better to have acres
If you can’t afford to pay a good inspector $300-$500, then you can’t afford the home. Go back and get your “financial house” in order first before considering spending on the biggest “investment” in your life. Good video, JB!
@@briancarlisi2224 we did hire an inspector with good references and he didn’t find a thing pre closing.
They are $700+ actually. And yeah-get one.
I just heard about an opening for home inspectors where they give you $40 per home and encourage you spend 20 minutes on each one and assign them close together. I can only imagine these are just to move real estate and not look out for anybody.
Definitely therr is some good home inspectors but there is a lot of clowns doing home inspection also.
Ripoff
Shoddy new construction is nothing new. A friend of mine was having a house built in the mid 80's. He went to the site every day and found horrible workmanship and he was like a bulldog and wouldn't leave those guys alone until it was done right. Even to the point of the having to remove the entire roof, rafters, shingling, everything and redoing it because the peak of the roof was all screwed up to where there was an 8 inch gap at the peak and the workers just shot hundreds of nails in it (most of which didn't even work). Unless you have the time and tenacity to inspect the building of a new home every day sometimes twice a day, I'd steer clear of new construction.
Don't forget the importance of hiring a good general contractor as well. Sounds like your friend hired a dud.
Illegals build the homes
I went to a yard sale one time. The owner was selling all contents. I asked how old the house was and he said 4 years old. He then took me around the house and showed me all of the defects and poor craftsmanship. Poorly finished drywall, cracks in flooring, broken fixtures, etc. He said he was moving somewhere else. It was at least a $500k house 10 years ago.
I built track homes in the eighties and nineties and they were nothing like they are today we had some pride and we were taught right , for one we could not have any shiners in the roof and shear especially the over hang in the roof
The on-site workers will complain to the site supervisor who will limit your field inspections saying it’s unsafe and their insurance company won’t cover the homeowner. Since you can’t watch over every workman, they will sabotage your house anyways.
The "base price " of a new home is like buying the cheapest model of a car. Here is what a friend of mine encountered. 1. There was a lighting package price allowed in the base model for $500.00. You go pick out the lights and anything above that is an add on.2. You were allowed 3 cable hook up boxes. More than that is $250.00 each. 3. One receptacle was included in the garage . Extras were $250.00 each . 4. The doors and windows were cheap " builders grade. 5. The furnace and AC were cheap builders grade. 6. The roof shingles were 20 year grade, not 30 years. 6.The driveway was one layer os asphalt , not a base layer and a top layer. 7.The appliance package in the base price price was $2,500.00 . You go pick out what you want and you pay more fro anything above $2,500.00. 8. The base price included one front and rear porch light. To add more was $250.00 each . 9. The switches and receptacles were the cheap 99 cent variety, not the good ones at $4.00 each . !). 10. The bathtubs had fiberglass walls , not tile . 11. The floors were cheap tile , cheap carpet or the cheap composit type. 12. The plumbing fixtures we builders grade . Everything look new and shiny , but it was a piece of junk.
Thank you for the details
Very informative thank you!
Thank you for taking time to write this.
I remember this very specific list when I accompanied a relative to buy her 1st home. I was sitting across from her with my eyes bulging out of their sockets, mouth open in disbelief + the WTF look on my face 😳😲😖😫 we're bilingual & when the builder's "design team" left us alone to make decisions/choices, I asked her in our native language, "you know they're price gauging you, right?" My relative was wise to choose all the basics, no extras/upgrades and after she moved in, we were all happy to help her upgrade to her own personal style & saved more than half the cost of upgrades thru the builder. The worse was the "basic" carpet. They were so thin, felt as if it didn't have padding underneath + texture was rough & uncomfortable. Thank goodness she replaced the carpeting as well.
@@walkerlamebrain Should have told the builder not to install everything you were going to replace and request the cost of materials be deducted.
As an immigrant to this country in 2000, who finally bought a house in 2008 I was STUNNED by how crap the quality of home construction is in the USA. Most Americans never set foot outside the country and have no idea just how bad it is. Of course there are other countries with garbage construction as well but thats not the point. The USA is not supposed to be a poverty stricken third world country. The bigest scam in the entire industry is the "short term roof rental" scam. The idea that you have to "re-roof" your home every few decades (40K dollars where I live) is still not something I can wrap my head around. The house I grew up in was built in about the 1910-s to 1920-s. I used to get up on the roof all the time when I was about 8 to 12 years old. You can still see the house on Google Earth with the same orange clay roof tiles they put on it when it was built. That's over 100 years later! I know they're the same ones because they haven't made those tiles in that color since I was a kid so there is no way they aren't original. Thats over a CENTURY that that house (and the others in the neighborhood) have had their roofs untouched. Yet here American's apparently think its perfectly normal and understandable for roofs to require replacing every 20 to 30 years, Absolutely NUTS.
Absolutely 💯
The quality of the builds depends on when they were built and who built them. My home was built in the mid-80,s when Cocaine was rampant. When you have someone who would rather use drugs and doesn’t care what kind of job they do, crappy construction is the result. The attitude is; “F’ them, I’ll be long gone before any one figures out what I have done..”
In Europe I’ve never ever seen a single house with tar shingles, these are considered suitable for a chicken barn, it’s all tiles, clay or concrete. But that’s probably way too heavy for the matchstick construction. On YT I learned these wooden framing is only upheld by the OSB sheeting, without it would collapse right away. 😮
What your describing is the direct result of Fabian socialism creating a global banking cartel issuing fake money (fiat currency), running fractional reserve lending practices, pushing interest rates down to 0% to fund socialist programs with counterfeit currency: The increased money supply artificially increases the cost of housing causing replacement costs to skyrocket making insurance premiums go through the roof. In order for insurance companies to survive, they have to disqualify more homes who make claims so, one of the most "low hanging fruits" is saying the roof was bad if it's over 20 years old. That why people replace them - not because they need to be replaced, but because socialist economic policies always cause secondary and tertiary ripple effects since they are based on fraud and Ponzi schemes to make it look like their attempts at utopianism are working. Reality always wins though. Unfortunately, when everything collapses, the socialists always blame a non-existent "capitalism" for the problems they created, and since they control education, the public is completely ignorant as to the real cause and you wind up in a socialist dictatorship eventually which is where the US is heading rapidly, if not already there.
Large parts of the US are effectively a poverty stricken 3rd world country.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like Aaron Morgan Bell.
I started out with *Aaron Morgan Bell* ,great advisor. I got very lucky to have found him especially after my marriage crisis & consider him a good friend now.
*Aaron Morgan Bell's* approach strongly emphasizes the importance of holistic financial planning and long-term wealth preservation. His focus on maximizing returns and prioritizing risk management
I love my solid 1930’s home, built by a successful pharmacist in my small town. I know it was well built back in the day, including all the wonderful moldings and built ins. It has been well loved through the years.
True! True! True! I have only bought new homes (4) and every home I have bought has construction issues if you really look for them. Anything is that is mass produced, will have issues.
It's good to have you exposing the truth to people. I can't believe the quality of material being used in new construction and the unskilled labor.
It’s not unskilled labor 🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫 PAY THE PEOPLE GOOD AND YOULL GET A GOOD BUILD
I know cause I have a construction company
One guy we heard of is an undocumented immigrant. He and his friends are doing all the framework on most of these new construction homes
They've had no schooling to build anything but he started working for someone a couple years back and said he learned everything
Most of the time they're drinking on the job I found two beer bottles behind my wall on my new construction home.. These new construction builders just look for the cheapest labor available.
@@Robert-lo6uf not really about cheap labor. All the experience workers are currently retired in construction or found jobs less labor intensive as we’re old. unfortunately the current labor force in construction currently are Hispanic workers and they do work very hard. Maybe they need to be supervised more. Not going to get any American kids doing this type of work because we’ve been pushing them to get an education that’s absolutely useless. Plus they’re lazy.
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
In the early 1990s, when I bought my first home in Miami, it was common for first mortgages to have rates between 8% and 10%. It's important to recognize that we may never see 3% rates again. If sellers are forced to sell, home prices might need to drop, resulting in lower valuations. I believe many people share this perspective.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
@@JacobPaul-n6p it is already unaffordable, it can't go any further up, please don't mislead people
Now that the Western world is turning brown, we have become accustomed to there being no increase in the standard of living since the 1960s.
Soooo many stories of first time home buyers buying new construction and seeing major issues mostly around electric and plumbing. Often these issues happen within the first 6 months of purchase, with some occurring after the first year. Folks, do NOT skip the inspection, and invest in a high quality one at that.
And make sure your home comes with a home warranty or buy one yourself for a year or two to cover the cost of any construction flaws because a new HVAC unit (for instance) will cost thousands of $
@@nahbro3240 Yes, true for most new homes in the US as well. Where home warranty is especially important is for pre-owned homes. I had some large, unexpected repairs in my first two years of living in my current home pre-owned home and the home warranty took care of it.
We bought a new construction home 4+ years ago. We love it - no problems or surprises (knock on wood). We could choose the location, upgrades, and options/customizations we desired. Took 5 months to the day to build. Everything is new, modern, and up to current codes. Our prior home was build in the early 1960s, was beat up, much was original/not upgraded, and it had a multitude of issues due to its age. Much relief, stress reduction, and enjoyment moving to a new build.
Strange--I had a great experience buying a ~500K new construction home in Wisconsin during the pandemic. No delays, got a low interest rate, and the quality was unmatched. Still happily living here with no issues! I guess it really depends on your builder!
OMG. Once again you are right on. Cheap materials, lousy quality. Upgrades are eye catching but very costly.
Advice giver: Never buy a new construction house!
Me:okay
Advice giver: never buy an house from before the year 2000
Me:okay
Advice giver: never buy a manufactured home.
Me:okay
Advice giver: and never buy a condo.
Me: so what should i buy?
Advice giver: nothing
These videos are to educate people on what to look for when buying any of these types of homes. Thanks for watching.
@@JackieBaker then why not say that instead? Or the false leading video name?
I bought a 375k new house after 18 months I sold it for 455k,
@@armandozamora9009 same here, bought a brand newly built home 2019 for 312k and sold it 2 yrs later to avoid tax for 408k, almost 100k in profit... WOW
Exactly. She tells you not to buy anything. Then when you ask what to buy she refuses to answer.
We need alternative builders.
They also lack architectural charm compared to 90+ years ago, too car dependent and come with abusive HOA.
💯
@@Cyrus992 go general contract your home then. Nobody is stopping you!
If you're going to live in a neighborhood with one, the trick to dealing with the HOA is to take over the HOA. Find all the people in the neighborhood that are tired of the current HOA's BS, and get them to come to a meeting and vote you onto the board.
And too big! Maybe if they built smaller they wouldn’t need to cut corners to move quick? I don’t know just an idea
@ almost forgot that. Critical of McMansions since 2004
Thank you so much for your integrity in trying to bring awareness to situations. Storing up treasures in heaven.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
??? "reduce inflation and borrowing costs" ...reduced borrowing costs is a major contributor to inflation though... Until housing is at 2019 +~6% levels, then we still have inflation. What we need is, gasp!!!!... deflation. They printed more money in 2020 than in the entire history of the country - that's really gonna screw things up for a looooong time.
Bought a 1,000 sq ft 2 car garage from Tough Shed for 18k and converted 500 sq ft for a one bedroom one bath. The slab cost me 10k but it's not your ordinary slab.
@@ghanna7787 how much did you pay to convert the 500 sq ft, and did you do the work yourself? Difficulty level?
My house is 690 ft.². A 500 square-foot house isn’t that bad for one person, maybe a couple. Low maintenance. Low cost to heat, etc. I love my little house.
We just had a garage built. I have been here for 30 years & the garage was twice as much as the house originally cost. However, my neighbor is a retired construction worker. He said it couldn't have been built better. That was comforting to hear. I would catch him inside, just looking at it. He's 90 & it was adorable! Now the taxes will go up, smh. Punished for improvement. I put it off for that reason, but I shouldn't have. 10 years ago, it would have been so much less.
@@1stfeather word.
I was an agent with RE/MAX in Tampa for 30 years. I'm retired now. I always told people that I would never buy new construction. The standards here are horrible. Most are stucco over frame which is one of the worst construction types for our humid wet weather. The lack of quality is unreal. Most of the stucco over frame homes are rotting from within. In fifteen or twenty years, these are the homes that have major repairs/scaffolding/rebuilding/stucco removal going on.
Unfortunately there is a lot of unskilled labor building these houses
People from far away places...
@reubenmorri because Americans got degrees in sociology and criminal justice and don't have the ability to build homes s487
Agree. In NM most laborers are unskilled and only speak Spanish. If the site supervisor isn't fluent in Spanish, you're guaranteed problems.. Even if the site supervisor or someone on the crew speaks Spanish, its still risky.
@@defynedso fucking what if they speak Spanish😂 we have Portuguese speaking brazilians framing and their head carpenter is great. When I see people whining about unskilled laborers, I have to remind myself, they don't know the difference between a laborer and a carpenter😂 everyone without a hammer had a million things to say about construction and i have plenty of pop corn baby😂
Unskilled, unlicensed, and inexperience young adults.
Problem is there is shortage of good tradesmen who probably worked for a builder and they probably got laid off one too many times, so they either started their own company, or got a different career.
A lot of these new homes are pre fabricated and are shipped to new subdivisions that are being built.
The material is another thing because wood is not as strong as it used to be. If you get a chance to look at new construction homes you can see the type of wood they are dealing with.
You are better off buying an older home that you can remodel yourself, or if you have friends and family in the trades that’s even better.
Learn some trades skills. This will help you in the long run.
I’ve owned 6 buildings and all were older homes. I’d much rather repair than end up with these issues.
@@dionisioramirez6706 you’re working in a Tower of Babel of non-English soeajj my era for the completely unethical known for turning everything they touch into an organized crime.
Trust me, I've lived in a home thats built in the 70s, and they sucked as well 😂 at least with the new construction things, which are more up to date codes. With older home youll be surprised with the upgrades you gotta do.
At least you are expecting that in an old home, just like a used car.
@@rodey6594 My dad had to re-do all the electrical work to bring it home to current standards.
I have a friend in construction who won’t own a house built after 1964. He says that’s when a lot of the standards started to slip.
Yeah older homes have better quality of wood, but a new construction home built by a reputable/honorable builder will be better due to better framing standards. Many older homes will have termite damage and rot, and it’s likely that the roof will need to be replaced.
Yikes, those inspection videos are scary. To me, an inspection is an absolute must whether it's a new or existing home.
Absolutely!
At some point, shouldn't a really bad inspection or string of bad inspection put a halt on licenses or further permits pending evidence of correction of the business and its practices?
Which is why I'm building it myself. The American housing market has failed in every possible way it can and I will NEVER trust it again.
Just find me an acre of land that isn't in a flood zone, has sink holes, won't be on fire in the next few decades, won't have property tax hike- you know, this may be tougher than I thought.
@@davidknightx one upside of CA, the property tax increase is capped at 2% a year.
Thanks for sharing this VERY valuable information, Jackie! Other "cookie-cutter" builders like Pulte and KB Homes along with others in various parts of the country build SHODDY homes with the cheapest labor they can find to maximize their profits. And then home buyers are stuck with these building NIGHTMARES and suing the builders is not always easy. When problems are found after people move into their new homes, these shoddy builders do only band-aid repairs until the warranties run out. I am APPALLED at the shoddy construction I have seen online and my heart breaks for these homeowners who are dealing with these nightmares in their new homes that they paid a lot of money for after falling in love with the pristine model homes. I would NEVER buy a new home today! Added to all this are the premium lots with their GREAT views or next to golf courses but also AVOID these lots for the higher costs, especially living next to golf courses and dealing with the threats of broken windows or maybe getting hit by golf balls every day when you are relaxing in the backyard! NO thank you!
I was in construction for over 30 years and a marble and tile contractor for 14 years, and houses had to get an inspection after each section was complete before moving on to the next section and all had to be up to code in Florida. I don't understand how the work wasn't done right...
The rest of what you said I can believe. Are some inspections paid under the table as hush money....
I’m so relieved to see someone address the new home issues. 1980 is as new as I’d ever buy
Our last home was built in 1963 - we disclosed everything when we sold it, but what a nightmare: outdated, tiny kitchen, termites, dry rot, not much upgraded, old 2-prong electrical, ductwork falling apart, original plumbing, low-ceilings and dark rooms with little lighting, original windows, inefficient HVAC, poor insulation, tiny master bathroom, chimney cracks, etc. You really want that house? I think the new buyers put in $250K to get it better, but still not fully-updated and were unable to sell it. So, beware of buying an older house. Our year 2020 new-build house is SO MUCH better after almost 5 years here.
My cousin and his wife just bought a house built in 2001. A newer subdivision home without much character. Unfortunately, their chimney had some kind of leak and whenever it rained, water would leak from their living room ceiling. Apparently the owner put the home on the market during this and wasn’t forthcoming about the issues. Now they need to have chimney and fireplace removed. The one thing that kept the house from looking like a plain box on the inside. Shame
I got lucky. 20 years ago, I had my home built (new construction) in a nice neighborhood. The builder did a good job. And my home was the first on the street, so I got in at a low price. I had to put up with two years of the construction of other homes on my street but the prices increased by 30%+ in two years, making my home appreciate that much quicker. Overall, it worked our well.
You were lucky
That was actually smart because the first home is supposed to be the model home so it’s usually ironically well built. The work starts to slack somewhere in the middle of the project because funding needs to continue to come in so you actually bought one of the best, if not, the best house in the neighborhood in terms of quality.
It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@MikeWyatt-e8h This is definitely considerable! think you could suggest any professional/advisrs i can get on the phone with? i'm in dire need of proper portfoIlo allocation
@@CalistaLinnea Well the name is 'sarah otto kohart'. Just research the name. You'd find necessary details to reach out.
@@MikeWyatt-e8h Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
@@CalistaLinnea My pleasure, hopefully she responds soon
Every house at one point was new construction and I'm remodeling my 1955 suburban box and most likely it's got lead paint, asbestos siding & flooring and etc. Items I see in the videos are managers not holding their trades to quality control for mostly punch list items. Do your research and pay attention you can get a great home.
Jackie is right. Our place was built in 2018 and the roof leaks. We contacted the builder and he said the warranty for the roof is only 2 years. All the appliances need replacing and the carpet they put in here is trash. And on top of that the HOA is a PITA and will not assist with any of it because the builder is on the board.
Thank you for this Jackie! OMG! We replaced our roof after 4 months on a move in ready Century Complete Home in West Central Florida for EXACTLY as shown here where truss not nailed together! I have photos of it! We are looking for a lawyer here to take this on. Good news is we paid well under $300,000 for a concrete block 4 bed 2 bath home …1818 sq ft … 2 car garage … .29 acre lot … they came out 4 times before builder became angry with our home inspector … closed the ticket and told me “stop looking for problems and focus on making our house a home”! And title company charged us escrow fee of $650 when we paid all cash for this home! You are spot on in this video! Wish I could post my photos of the roof here but I could email them to you if you like! We plan to post to our TH-cam channel we are developing! Wish we had a true buyers agent but we had one that lied about that and was actually for the seller … Century Complete Homes and not us!
Love to see your TH-cam channel once created
I've bought new construction twice and never had an issue before or after the purchase. The first one was already completed but the second one was in the beginning stages of construction. The second house had a small laundry room and a huge master closet on the other side. We were able to get that wall moved over a couple of feet and enlarge the laundry room to make it much more usable. I was also able to get the cable and electric outlets on the TV wall raised to five feet off the floor and make them with four outlets. I also mentioned about the lack of outlets in my current garage and asked for extra ones with four outlets, plus a 240 volt for an air compressor. I was surprised to see I got 38 outlets in my garage, plus the 240 volt. I also asked for a telephone line and electric outlet in the crawl space for a water intrusion alarm. All in all I have about 105 electrical outlets in my house. There was no extra cost added for any of this. We also got to choose our flooring, paint, exterior siding, lights, ceiling fans and kitchen counters, cabinets and appliances. Almost nine years later I've had zero issues with the house. And I get to live in a house that was finished to our liking.
Excellent video -buyers beware! I’m following both of the inspectors and appalled at what is going on with the home building! I recommend anyone thinking of buying to watch these and take notes!
Thanks for this video!
I got a new home that was already built with a manager's special of 55K off. Sales have gone down so get ready to scoop up a home with a discount! There's a 1-year full warranty and 10-year builder warranty. I absolutely agree with the necessity to hire your own inspector and get everything fixed BEFORE closing, put a contingency in your contract. My friends always bought new construction and have been very pleased. My home had some cosmetic issues and they reluctantly came out to fix those, still waiting on some. I can't say those issues were deal breakers, but definitely annoyances.
Jackie is spot on with this video on all the negative issues with new construction. I have personally seen city inspectors on a few projects where I was doing work for my customer meet with the GC to "inspect" a property only to have them shoot the breeze out at the truck and the inspector signs off on a block of houses without ever walking inside them. Always hire your own property inspector to inspect any property you wish to buy. Do not ever just take the word of a contractor, get it inspected yourself. It is always the buyer's job to do their own due diligence.
I could never understand why pre war brick coops in Brooklyn give more peace of mind than new construction condo made of glass and steel.
I have so many thoughts on this! I am an electrical contractor who has done the electrical installation on many new homes. These videos of inspectors finding obvious bad workmanship doesn't even show the tip of the iceberg. Even the good smaller home builders are producing some bad homes because of the lack of skilled labor and pressures to build a 3-4,000 square foot home under budget. Cheap materials, cheap labor, cheap plans and customers who have seen too much HGTV. I was doing the electrical on new build for a $750,000 home (that was the original quoted price so who knows what it ended up being) It was a custom home (no architect just plans bought on line and adjusted by the general and the customer) and to save cost the house had virtually no windows. One of the windows that basically just made the home look right from the outside was in the pantry!!! The quality of work wasn't bad for this home but the flooring, windows, and trim were so bad and cheap it felt like a mobile home to me when it was finished. Most people sacrifice all quality for square footage on new homes and it is insanity.
Also an inspector will never find everything that is wrong with a house. No hate on inspectors but if you expect one person to an expert on every trade in home you are sorely mistaken. They are good for finding basic faults but there is always way more. Even on new homes I would find myself chatting with the most senior workers who have been around for 30+ years and we would just go through the house picking out all the mistakes that the general contractor wasn't going to fix because of cost. I would be on site working and the general would show up and be walking around with the customer and I would be holding back laughs because of all the bullshit he was spitting at these folks. But as a sub, the last thing you want to do is piss off a general contractor that is going to hire you and give you jobs for the next 5 years for one customer (who is usually a dick and looks down on you because you are a blue collar worker) who will never hire you or your company again.
OMG! She & Scotty Kilmer together would be dynamite! Ya gotta love both of their styles of presentation!!
Bought my house 2 years ago was built in 1989 so happy the house is so strong not problems with it at all
My dad built my home in the 60’s. Built solid as a rock!!!
Nothing better than that! Blessings!
Maybe you mean he paid someone to build it and those house builders were probably age 25 to age 45 during the 1960s
Merci for your excellent presentation.
Not been in the states for almost 2 decades.
I need to return to care for my sister who has MS.
Without your presentations, I would know nothing about real estate in the states.
Much appreciated.
We moved into our new construction home a month ago. We had the exact opposite experience building with simplicity homes in the PNW. They built a great house for a great price. My recommendation to avoid these issues would be 1. Don't buy a new construction house after it's done. Spec it out and build it yourself. 2. Be involved in every step of construction. Have good communication with your project manager, and let them know your concerns while they're easy to fix.
Newer homes can be nice (higher ceilings, new appliances); but IMO the are some home builders “stacking and packing” homes on a plot of land. They are too close together and the walls are thin. Catercorner homes are usually more problematic.
Property tax should be banned.
Jackie B , another knowledgeable informative post ! Gotta say your editing, content , and humor has got me hooked.❤
Thanks for sharing your time .
As soon as you said Toll Brothers, I knew this was going downhill.
Can you explain? Is Toll Brothers a bad company?
@@sophyoun85Toll Brothers is notorious for poor construction, using g low quality materials and poor workmanship.
@@lydiadugan8368 I disagree, Toll Brothers is not great, but much better vs Lanier, DR Horton, Pulte, Taylor Morrison, etc. I have seen great builds and bad ones with all the major builders. It really depends on the subs they use and how well the site manager runs things.
That's why you get a professional inspector to do a frame up inspection. Another at final walk thru. I love my new home.
I am a builder, 40 plus years, owned my company, worked for national builder, and best custom builder with every award on planet. Sorry but a very broad brush you are painting with. My homes both with national builder and custom and what I presently build meet the highest standard, and if you what to see if a builder can deliver consistent quality, it is simple, ask how long his subcontractors have been with hi. Mine are the same year in and year out, so the quality is there and consistent. National builder rebuild a new team when the price of labor goes up 10 cents, so you get what you pay for. When I built in New York, the man that put in my first foundation put in my last 20 years later, same with flooring, drywall, HVAC, build good relationships and build good homes!
I'm not saying all builders are bad. There are a lot of great builders out there. I don't mean any disrespect. But recent years there have been many issues and I just want to educate people about what to be aware of. Thanks for watching!
Build a good team.
What the name of your company I want more info
Thanks, there are still good builders out there. She is just afraid her commissions are drying out since now new construction homes are priced better, with concessions, than old overvalued junk homes.
Been doing HVAC/Sheetmetal mechanic for almost 40 years now.the home builders we do work for is the same ones from 40 years ago.i can say that they build high quality homes and go above and beyond to build a great home.its still good and honest builders out there.
Excellent video. I’m a new subscriber and thoroughly enjoyed this although I would never buy a new home in today’s market. Unfortunately very few builders are taking pride in their work and the price of materials are through the roof. Thank you for caring about your values. It’s very refreshing.
It appears buying and selling a home is not as easy it used to be. 😊
My dad built about 60% of the house he and my family lived in all by himself, and lived in it from 1993 until 2016 (I gave him a hand building about 15% of it). It was a 1,900 square foot ranch with three bedrooms and two and half baths. He didn't trust other construction companies, but was a professional home builder (owned his own company building homes) and chose to do it himself not only to save tons of money on labor expenses, but build our house to his satisfaction as far as quality was concerned.
Former home inspector, Cook co, IL & surrounding counties.
Best home is 2-5 yrs old.Why?
Severe defects are most likely showing up,
and,
Items like HVAC, plumbing, roofing, electrical have many years of useful life,
Also, masonry (brick) home is always best,
In Florida, and probably many other states people go for new construction because they have to build to current hurricane codes. This theoretically helps keep insurance rates down. Another reason people choose it is because everything is under a new warranty.
That said there are a lot of horror stories as you note in your video.
Ms. Baker, love your style. Fierce, humorous and charming. Thank you for sharing your knowledge.
Many snakes in real estate and building.
Roji
Roji
🙂👍I like what you're doing. Kitchens and bathrooms seem to be where alot of short cuts are done, even on wall corners and tapeing etc.
We built a new house with Lennar. It was good. Then we also bought a second home that was built in 2000. That is when we realized that in those days the wood used was very thick and hence the house felt so solid. So even if we have to replace somethings we decided we will only buy old houses.
You also once said to never buy an old house because the plumbing, electric, etc might be outdated.
Old. New. She should mention years perhaps? Sometime after romex wiring with circuit breakers but before panelization and snap together floating luxury vinyl flooring (lol).
She meant like 100 years old
@@sirennoir258 Mine is 114 years old and in perfect shape. All updated & renovated. Paid in full.
@NapkinEdStern cool
@@sirennoir258naaa she needs youtube contains
Jackie Baker has so much knowledge and always gives great valuable advice.
Good for the inspectors. The flaws in the construction can be deadly. The companies building these homes need to take responsibility and stop trying to cut corners for profit.
I owned a new townhome and old homes. Old vs new - I learned the pro's and con's of each, and put $$ in each to improve and fix, over time.
Great information we built with Meritage in 2021 and you are exactly correct. We are in Florida
Not only the things u have mentioned but another thing to consider is that in well kept older homes the kinks have been worked out and lots of extras may have been added by the previous owners. For instance in our 22 year old home we have made sure our yard drains properly, trimmed or cut all the trees that posed a threat to our house. We added gutters, built ins, upgraded toilets, electrical outlets in places where we wanted to add ambient lighting or other things. Our landscaping and lawn is mature and beautiful..The BIGGEST thing we have added that u WONT get with a new home is a generator! We have white blinds throughout . You would get non of this with a new home.. We replace anything that breaks or is worn, roof, AC units etc..
Another potential problem people purchasing a new build house is this--you probably won't be able to meet your neighbors. You won't be able to judge whether these are people you want to be around. This happened to our family. My parents purchased a new build house in a subdivision and did not get to meet the neighbors until move-in. It turned out that one of the neighbors were psychopaths and the other were shoplifting thieves. This neighborhood ended-up having a very nasty kid gang, one that bullied and targeted kids in the neighborhood and engaged in various criminal enterprises. These are definitely NOT the sort of neighbors you want to have.
Why are builders allowed to be months late with no penalty? Renters get docked for being days late.
Could it be because there are no laws prohibiting it, and they wrote the contract?
Thank goodness I found you Jackie!
South Jersey lady here & 1. Yes our taxes went up by $450.
& I won’t say my builder, but I’ve been in my home for 27 yrs. The head of construction of my home hated me so much that
1 year nail pop fix came up… the gentleman who was doing the job, was called by the actual head person to “Only do the Obvious pops!”
2. We bought new construction back in the 90’s bc in NJ there was a pilot program to get first time buyers into new homes w a 6% interest rate. This was in the ‘90’s and interest rates were 18%??
Bought new construction bc my husband knew nothing about fixing up older homes & we didn’t have the money to hire people.
So after living in the home for that 1 year, I was the only one of the pair of us to say our windows were placed incorrectly- the builder did not take responsibility, the window company came out and showed me how the windows all needed to be shimmed.
Bottom line, my house is off by 3” (built tilted).
When I complained so much when first moving into the house, the kid in charge said, “no house is ever built level, I’ll place my level anywhere and show you. My 5’ mother was about to attack this kid who rep the builder.
So, yeah really fun! Don’t know who inspected our house but he must have been drunk.
I purchased a new construction home in San Diego and encountered several issues with the workmanship, which was subpar. I documented the problems with photos during construction. There were numerous cost-cutting measures that compromised quality, such as needing to replace the dishwasher and finding many nails in the garage and front patio. Fortunately, the value of my home has increased by over $150,000 since I bought it. However, the initial investment in landscaping is significant. I plan to sell this new construction and purchase an older home in the next few years. On the positive side, the home is highly energy-efficient with a tankless water heater, soundproof windows, EV charging, and excellent insulation. I had the property inspected, and the builders have been helpful with touch-ups. There is a one-year warranty, so we plan to get another inspection one month before it expires. We received the best incentives for new constructions in San Diego compared to older homes. The community is entirely new, but the HOA fees are $460+ and are estimated to rise to $750 per month once all homes are completed. Additionally, there is a proposed school site near the community. Should I sell or just rent it out? One of my neighbors downsized and was fortunate to rent their place out for $3750 a month. Not including the HOA and utilities
I am a small builder in Arizona who is competing with the big builders. I am very involved and personally invested in the homes I build to ensure that my product is a high quality far above my competition. Maybe you didn't know that people like me exist in this industry, but I honestly don't appreciate the premise of your video. It's a blanket statement that lumps me in with others who have no integrity. We are very rare and run very small operations, but we do exist. And we exist to provide a quality product for people to rest easily within.
The problem is that most construction folks end up drug addicted because of all their pain and injuries and there are few skilled carpenters left, lots of immigrants that don't even speak English, let along know how to properly build a house!! I am not saying all immigrants are terrible at carpentry, but they lack the skills and experience needed to build quality. Just my observation and opinion.
Our contractor we hire to do things at our house said it’s hard to get help because they’re all on drugs.
@@alyross2850 When I lived in the states as a very young lawyer,
I would trade services with construction workers for representing them for DWI.
It is a shame, but that is reality.
yup i can agree cheap illegal alien mexican labor is terrible i have seen it all over my home of el paso texas
@@ParisianThinker that’s pretty resourceful lol but also sad
My home is a small 40 year old custom built home. So thankful 🙏🏼we found this home.
Solution is actually very simple! If buyers had the ability to sue builders for negligible work with suspending their licenses and paying for damages, that would drastically change their build quality! The issue is in regulations, not in sloppy and unqualified builders that should not have become a builder at the first place!
As a scattered site modular builder as investments it avoids all these problems. Custom homes for my customers owner occupied are never 100% perfect, but heads above what you mentioned. Everything you say is true, however there are good experiences out there. Buying in a tract is not a good idea as mentioned. My spec houses on scattered sites go very well.
I saw a new million dollar + new construction home go up using cinder block columns, and ferris strips and toothpicks. Everything was covered up using tin roof and high end windows and doors and stuccoing beautifully done. I wouldn't buy it for a wooden nickel. Beware buyers!
My husband and I bought a house 30 years ago that was one year old. When we had the master bath remodeled several years ago, we found out that the rubber flange below the floor tile in the shower was improperly installed so it leaked. I later talked with several people who had bought homes by the same builder, Lennar, and they found the same issue. I don't know how an inspector would check for that without removing the tile.
I was an electrician and have seen first hand just how low quality most HIGH END new construction homes are
I live in a Toll Bros community. The materials they use can have problems, for instance I was told by a contractor back when we bought the home that Toll Bros has lumbar they buy in bulk that sits out in the weather, so yes you can have warped and bowed wood inside your walls despite buying a new home. We had an inspector check our home throughout the building process and we were overall pleased. Most of the neighbors complaints have been about the flashing around the fireplaces and the stucco siding which does not hold up well in NJ weather. We didn't choose stucco, so our siding is fine. Also, when choosing your options, there are some things you can go out and get yourself. For instance, we told TB that we wanted to use our own contractor for the tile floor in the kitchen/ sunroom and also for the upstairs flooring.
Doesn’t matter the house, inspect it, then hire an inspector, and if he says it’s alright, hire another inspector, then buy it.
Facts. It's all about the inspection.
I picked my lot, watched them build my home and it was perfect. I sold it some years ago but that home is still in perfect shape. I would buy a new construction home again and again, but only by very high quality builder.
There is another important reason realtors don't like new construction, is because we don't need them! We can walk in by ourselves, see the models open daily, the yard size, specs and work directly with the builder. These homes, even if not perfect, still come with warranty, new electric, plumbing, furnace, A/C, roof etc, so my friends, this is the nr 1 reason they don't want you to buy new construction. They don't get their cut. And for new construction, realtors do very little work, maybe few emails. Why bring a middle man to complicate things and slow down the communication? After dealing with so many dishonest realtors, scuze me, but that's my experience, I will gladly work directly with the builder for the right house. I can hire a real estate attorney for $500-$1,000 to look over the contract if I need to.
Most realtor fees are paid by the seller. As a buyer, your main problem is the mortgage loan closing costs.
@WillieFungo I bought enough homes so I know. As I said, there is no need for realtor when buying new construction. And do you actually know that sellers increase the price to make up for the commission so is actually the buyer that is paying the commissions? Are you a realtor?
@WillieFungo you speak like a realtor. And thanks. After enough transactions, I saw how little you do for a lot of money.
I agree! If you know nothing about how a house is put together, do not even think about buying new construction, especially, if they won't allow you to have your own home inspector to inspect it.
I work in HVAC and seen hundreds if not thousands of houses from inside out. That is why i don't want to buy a house anymore. Didn't see anything satisfying. I might consider a mobile house just to save money instead of buying overpriced junk house. I would rather keep renting and invest in something else. Not a financial advise
Great topic.Another thing to be aware of is ground settling for new tract homes - especially if developers leveled hillside property.
Thank you Jackie!
You are so welcome!
I bought a custom built '91 rambler, built by the owners for the owners. So worth it. Extra thick walls, lots of plugs, everything is labeled, crawlspace is huge, everything is accessible. It's so worth the "outdated" 90's cabinets and counters to have s strong house
Im originally European, and I can say this is how we build shads back home! I'v seen all over in US how contractors build in US is a joke and would be demolished in EU. Brick walls, concrete, and inside outside insulation is the way! Not like paper plywood houses! Electric cable codes are even worse!
My house was built in 1900. Yes, it’s built out of wood. But it is solid. The inspector said it would still be here in another 100 years but the new ones he’s looking at won’t be standing in 50.
never heard of inside and outside insulation before...
Also, framing for newer houses are usually from lighter wood compared to older houses made from more mature, dense wood stock..
Older houses are generally built better. The trees are mature. Older neighborhoods typically have different kinds of houses, which adds variety and beauty. If your older house needs some work then it gives you something to do. As far as I'm concerned, the quirks, inconsequential cracks, slightly crooked fence, etc., adds to the character of the house. The dang thing doesn't have to be perfect. New construction might look perfect, but it sure won't stay that way. I could never understand why people buy houses in new developments where all the houses look the same and you have to wait 20 years for some decent size trees.
My home, a revamped triplex (or very large duplex home) is sitting on a 1933 foundation with only minor repairs so far. There might be some sheet-rock cracks, sure, but she's solid! The HVAC system was in pretty good shape when we purchased, but it was close to the end of its life then. Recently had a completely new HVAC system with crawlspace dehumidifier installed, so I suspect she'll be around for quite some time still. 4BR/3BA with practically new electrical and tile and hardwoods throughout. Can't complain about a solidly-built home.
I’ve lived in old houses my entire life. They might be well built, but they usually don’t offer much natural light and they never have enough electrical outlets. Many only have one tiny bathroom. The kitchens are teeny weeny with barely any counter or cabinet space so you can barely even roll out a pie crust, and often there is no pantry at all. Oh, and good luck finding an affordable fridge that will fit, let alone furniture. If you can find one with a garage, it will be a one car..... and those have usually been turned into some kind of wonky addition.
Old houses suck to live in.
Us peasants make do because it’s what we can afford, but the “character” of old places quickly loses its charm when you actually have to live there full time.
Yep, hired my own inspector when I bought my 1st home. He had to fly in from out of state, but either I paid him well to do the job right OR not buy the house at all. After all was said & done, I don't regret anything & it was money well spent.
I wouldn’t buy new IF old homes didn’t need so much work. Too picky. This is my 3rd new construction home and I wouldn’t have it any other way. Anything that goes wrong they fix. Up to 10 years. Never had an issue .
What state?
What company