Spec Home Build - Central Ohio

[Jacob Anstaett]

Hello BP,

My wife and I are about to begin what will be by far our largest real estate venture.  We will soon begin construction on a new spec house located in Johnstown, Ohio, a small town about 20 minutes northeast of Columbus, Ohio.  The location of the house will be a 2.5 acre lot that we purchased with cash earlier in the year.  The location is in an area that has seen tremendous growth over the past few years with several companies building here including Amazon, Facebook, and Google data centers as well as AEP and Bob Evans headquarters.  We bought the lot for 45K, which is conservatively valued at 70K.  

House plans have been drawn up by a friend who works for a large builder in the area:

We are looking forward to any advice everyone here has to offer, as well as encouragement as we grind our way through the process. If anyone has any lessons learned, advice, warnings, etc. please share.