building a house (buying new Constr.)

Looking for a new house in the next 6 months and the realtor suggested looking at building a new home.

What's included:
Land
house
utilities
unfinished basement

What are some questions or concerns with having a house built? What do I need to ask the realtor or contractor?

*****UPDATE*****
We decided it is either a pain in the ass, or not as much pain but still stressful, but are taking the leap and going to have one built!!!!! Just put in an offer today and we'll see how it goes. Thanks for all the help so far, I will definitely have to stay on top of the build as it goes along and make sure I ask every question possible in the next few days as we negotiate everything out.

Thanks again!

IDK, but I'd say make sure you dont set yourself up to be dependant on them being finished on time. I've known 2-3 people who got screwed by houses going a few to several months over deadline. One of them had shit royally messed up. (Custom house, but guy was painter, gave them the name and paint codes, they still got a paint with similiar name that was wrong color, so the stucco had to be shaved down and repainted.)

Custom semi custom or spec?

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Originally Posted by fitz19d

IDK, but I'd say make sure you dont set yourself up to be dependant on them being finished on time. I've known 2-3 people who got screwed by houses going a few to several months over deadline. One of them had shit royally messed up. (Custom house, but guy was painter, gave them the name and paint codes, they still got a paint with similiar name that was wrong color, so the stucco had to be shaved down and repainted.)

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we already have a townhouse and don't have a time limit if building. But the sooner the better obviously

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Originally Posted by Wulf202

Custom semi custom or spec?

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It would just be a basic spec home, that you can add more custom things too. We are trying to not add any extra costs since it's at the top of our budget as is.

Built in an existing or new construction neighborhood. Or built as in a piece of property?

In Cheyenne or in the hot CO market I know the GC's are booked for months right now

We are still battling with our builder. Contract was signed in March 2015 with a completion date of December 2015.....

We have Certificate of Occupancy and are living in the house but going back and forth on the stuff he said he would do. It's an awesome headache!

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Originally Posted by Great-Kazoo

Built in an existing or new construction neighborhood. Or built as in a piece of property?

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new development. There are already a few houses in the "neighbor hood" each plot is 8-10 acres

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Originally Posted by DFBrews

In Cheyenne or in the hot CO market I know the GC's are booked for months right now

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Just outside Cheyenne still in Wy. Builders are already putting up a house in the new neighborhood so could quickly put up another and more.

Before you sign anything. Read the contract. THEN read the fine print. Until the development is finished. All current and future owners are responsible for road upgrades, fees to local town for anything. You could be living there and charged a few thousand more than what you planned on, for those fees.

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Originally Posted by xjtwo

We have CO and are living in the house but going back and forth on the stuff he said he would do. It's an awesome headache!

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CO means Colorado to 95% of people. Just saying.