#37 Understanding Cost Overruns on Custom Homes

06/25/24 • 32 min

In this episode of The WB Download, host Jeff Wieland delves into the complex world of cost overruns in custom home construction. Discover why a client's dream home can unexpectedly cost over $1M and learn the crucial role of accurate cost estimates in the design-build process. Jeff emphasizes the importance of managing budget expectations to avoid costly mistakes and client dissatisfaction.

Join Jeff as he explores:

The significance of transparency and clear communication in setting realistic budgets and allowances.
How personal choices, such as fixtures and appliances, can lead to significant budget overruns and how to manage these expectations effectively.
Key factors affecting construction costs, including design changes and fluctuating material prices.
Strategies for handling labor costs, site conditions, selections, and permitting challenges.
The necessity of contingency funds in construction loans to cover unexpected expenses and ensure smooth communication with banks.
The essential role of regular updates and clear communication between builders and clients throughout the construction process.

Jeff also shares real-life stories and expert advice on navigating the financial complexities of custom home building, ensuring listeners are well-equipped to manage their construction budgets effectively.

Tune in to this informative episode and gain valuable insights into avoiding cost overruns and achieving successful home-building projects.

Recent Blog: Custom Home Cost Breakdown
Email Jeff your comments, questions, and topic requests, or be a guest on The WB Download.
Email: [email protected]
Download The 23 Custom Home Luxury Must Haves
https://www.wielandbuilders.com/custom-home-luxury-must-haves/See Wieland Builders custom home gallery www.wielandbuilders.com
See podcast behind the scenes photos
Follow us on Facebook, Instagram, YouTube, Houzz or Pinterest

Join Jeff as he explores:

The significance of transparency and clear communication in setting realistic budgets and allowances.
How personal choices, such as fixtures and appliances, can lead to significant budget overruns and how to manage these expectations effectively.
Key factors affecting construction costs, including design changes and fluctuating material prices.
Strategies for handling labor costs, site conditions, selections, and permitting challenges.
The necessity of contingency funds in construction loans to cover unexpected expenses and ensure smooth communication with banks.
The essential role of regular updates and clear communication between builders and clients throughout the construction process.

Tune in to this informative episode and gain valuable insights into avoiding cost overruns and achieving successful home-building projects.

Previous Episode

#36 Custom Home Maintenance with Jeff Wieland

Welcome to The WB Download. In this episode, join host Jeff Wieland as gives expert advice on the essentials of custom home maintenance. Jeff shares invaluable tips to enhance the appearance and longevity of your home, emphasizing the importance of regular upkeep.

Tune in to learn how to keep your gutters clean, inspect your windows for potential issues, and manage your landscaping to prevent water damage and temperature fluctuations. Jeff also covers the best practices for maintaining concrete surfaces, using pressure washers safely, and ensuring proper drainage in your yard.

Discover the benefits of regular home maintenance and repair, from extending warranties and preventing costly breakdowns to saving money in the long run. Jeff highlights various aspects of your home that require attention, including gutters, window screens, concrete, landscaping, exterior paint, mechanical systems, garage doors, and appliances.

Don't miss this episode packed with practical advice to keep your home in top shape! Whether you're a seasoned homeowner or just getting started, Jeff Wieland's insights will help you preserve your investment and enjoy a well-maintained home for years to come.

Listen now on your favorite podcast platform and start mastering the art of custom home maintenance!
Email Jeff your comments, questions, and topic requests, or be a guest on The WB Download.
Email: [email protected]
Download The 23 Custom Home Luxury Must Haves
https://www.wielandbuilders.com/custom-home-luxury-must-haves/See Wieland Builders custom home gallery www.wielandbuilders.com
See podcast behind the scenes photos
Follow us on Facebook, Instagram, YouTube, Houzz or Pinterest

Next Episode

#38 Fred Reikowsky, Legacy Business Leaders, LLC

Join host Jeff Wieland on the WB Download as he welcomes renowned business coach Fred Reikowsky from Legacy Business Leaders, LLC for an insightful conversation on unlocking your business's full potential. This episode delves into Fred's journey from being a home builder and remodeler for 33 years to becoming a business coach.

Fred shares his personal background, growing up in Northeast Ohio and raising his family in the area. His transition from nonprofit work to business coaching was driven by a passion for addressing leadership issues. Now, as a coach, Fred helps builders, remodelers, and various businesses across the US and Canada overcome common challenges.

Topics Covered:
1. Building a House, Communication, and Coaching

2. Business Growth, Profitability, and Leadership Development

3. Business Coaching, Methods, and Assessments

4. Overcoming Business Growth Obstacles

5. Leadership Skills and Transitions

6. Team Building and Leadership Development

7. Hiring a Business Coach for Growth and Success

Whether you're an entrepreneur, a seasoned business owner, or just starting out, this episode offers valuable advice to help you take your business to the next level. Don’t miss out on Fred’s expert insights and Jeff’s engaging interview style!

More Information about Fred Reikowsky

Email Jeff your comments, questions, and topic requests, or be a guest on The WB Download.

Email: [email protected]

See Wieland Builders custom home gallery www.wielandbuilders.com

See podcast behind the scenes photos

Follow us on Facebook, Instagram, YouTube, Houzz or Pinterest

Download The 23 Custom Home Luxury Must Haves

https://www.wielandbuilders.com/custom-home-luxury-must-haves/