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How much money does the average homebuilder make a year?
Say he does 10 homes (3-6k sf) range.
Thanks.
Please, Serious Answers Only.
Say he does 10 homes (3-6k sf) range.
Thanks.
Please, Serious Answers Only.
HomeBuilders
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You claim to be DR horton? Come on now. You know they are a publicly traded company like Centex Homes right.
DR HortonD.R Horton said:
Company Type Public (NYSE: DHI)
2004 Sales (mil.) $10,840.8
1-Year Sales Growth 24.2%
2004 Net Income (mil.) $975.1
1-Year Net Income Growth 55.8%
2004 Employees 7,466
1-Year Employee Growth 17.6%
With numbers like that, wouldn't you pretty much already have a handle on this question?
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I dont want to be D.R horton, they are to big.
I want to be a builder but only want to do 5-10 homes a year.
BTW- I am not D.R Horton, i just chose this name.
I want to be a builder but only want to do 5-10 homes a year.
BTW- I am not D.R Horton, i just chose this name.
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D.R Horton said:
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I think it depends on the builder Horton, However the old school rule of thumb is "the third ones clear". Build 2 get one free.
Bob
Bob
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Kinda like me signing into a guitar forum under the nameD.R Horton said:
TED NUGENT
Motor City Madman
people would probably wonder whats up.
Serious answers only eh?
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Another point: 5 t0 10 homes a year will keep a lot of fellas pretty dam busy, not including misc subs. That makes a pretty good living for a guy who 'wants' to be a builder.
Bob
Bob
Too many variables to give a correct answer.D.R Horton said:
Tract style: $150,000 absolute minimum.
Spec homes: (assuming investors= $500,000 and contractor also has investment)
Custom=$400,000 plus massive ulcer, all these numbers would be net to contractor, after paying for project managers and the additional help they would need.
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Average here is about30-35%.
I do better. Just a fact.
I do better. Just a fact.
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It depends greatly upon your business model and how effective you are at marketing. Naturally, having a recognizable name can help slightly.
Frank
Frank
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Frank, were you frozen or cloned. :cheesygri :cheesygri :cheesygri :cheesygri :cheesygriF. Lloyd Wright said:
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I know someone who works for a builder in the south and they build nice stuff in the 250 and up range for 12.5 %. They do 10-12 a year.
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I will have to agree. Sounds like 350,000 tops a year for them.
With that kind of stress, I would expect 500,000 bare minimum.
With that kind of stress, I would expect 500,000 bare minimum.
I'm not sure how long it would take a startup to start doing 10-12 homes a year, but that seriously humping it. Along with the electrical contracting business, I build 2 specs a year and that's almost too crazy.
By the way, you can start calling me George Westinghouse.
By the way, you can start calling me George Westinghouse.
15% would be liviable in Oregon. We have the 5th highest unemployment rate, and anyone with about $1500 for fees, bonds, and G. L. ins. can hang a shingle. There are no skill or background requirements. The vast majority of contractors have one or two trades (i.e. me: Cabinets and millwork & design) and branch into the "general builder" as the opportunity arises. (Now if we could get Teetor to send us a hurricane)
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Are we talking about percentage earned on sale of lot+home or home only. Also are we buying developed lots or subdividing/developing our own lots. Seems to me the large national builders are realy land developers too.
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