PROFITS ON NEW CUSTOM HOMES ARE NOT GUARANTEED

DEAR BOB: I have heard that some people can have a custom home constructed by a builder and after construction is complete wind up with 50 percent to 60 percent equity in their new homes. Is this true and how can I go about doing this? --Greg H.

DEAR GREG: That's easy. Just hire a quality custom-home builder who charges low construction prices! If you already own a building lot, that gives you a head start.

There is no guaranteed way to turn a fast profit on new custom homes unless you can lock-in a low construction price and market values rise during the construction period.

(For more information on Bob Bruss publications, visit his
Real Estate Center).

Copyright 2006 Inman News