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WestGAAppraiser

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Got a proposed construction in Carroll County on 5 acres.  House construction includes a timber kit from Woodhouse Post & Beam Homes, Inc.    House is to be a 1.5 story with 3 BR, 2.1 BA  and only 2162 sf.  Timber kit alone is about $111K.  Total cost of construction is over $400K.

Has anyone  done anything that used one of these timber kits or similar? 

Thanks for any advice.


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Meatloaf

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Yes.  Is it new timber or reclaimed from an old cabin or something?
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WestGAAppraiser

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New timber kit from a company named Woodhouse Post & Beam Homes Inc
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Meatloaf

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I haven't done one from a new kit.  I have done them where they disassemble old homes from the 1700s and relocate them and bring them up to modern code.  I did one that had something to do with daniel boone and chief techumseh sp?

Anyway, If its new lumber, I would just compare it to similar quality conventional construction.  The construction type is no big whoop, it just leaves a bunch of pretty beams exposed.  Find a high quality house with beams showing and the market will not know or care about the differences.



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WestGAAppraiser

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Okay thanks. I was trying that tactic but having a terrible time with the small GLA.  Best I can see - even if I find any homes with exposed beams - I fear they will be grossly larger.  Looked for log homes  since they always have them (typically) but the ones in the GLA range are selling for far less than the cost of construction.  Its turning into a real headache.  But I will find the best I can and let the chips fall where they may.
I appreciate the feedback.

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Meatloaf

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Often times when you have a home that is built to a custom design that isn't common, its not uncommon to see a lack of market reaction to it.  Similar to when you do a steel frame house... No one cares.  Or when you do a house with 2x6 walls.  No one cares.

In this case, the benefit is the aesthetic quality of the exposed beams and not the style of construction.  There are homes everwhere with beams installed to give this appearance.  To support this opinion, attach a few pictures to an email and send it to a few experienced agents to get their input on how they think the market would react.  Then you will have written support for your plan of attack.

Trust me, you killing this deal is commonplace and expected with these folks.  Its kinda like the log home companies that require a deposit to cut the logs prior to ordering the appraisal.  Appraisal comes in low, they keep the log cutting fee.  Thats how they make money.  Probably not much different with this.

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