really depends on the asset class and price.. each is differenta broker bringing us bank OREO in the low value asset areas just gives us an addresswhen I am doing 500 to 2 mil spec homes that broker does much much more.

It was very interesting and I am glad I did it, but it's crazy time consuming (I general'ed it myself ), ties up so much capital and is quite risky actuallly - "spec home" is short for speculation after all.

In 2020, new homes in California will require them. http://www.jlconline.com/business/california-mandates-solar-panels-with-a-battery-option_o

We are currently building a spec home in Mequon in the 600k range and I would have loved to build at a sub 500k or sub 400k price point, but the between the cost of land, labor and materials it turnes out to be impossible.

Which I think is a good deal for San Diego and with the same specs on houses in the area.

Ok seasoned spec builders,What is your most cost effective/profitable home plan?

I put in my lease that I will be replacing the furnace filter, batteries for smoke detector/CO detector, and inspecting the unit every 6 months.

I wish it wasn't true but these are the spec landlords that are getting through each month by the seat of their pants and bragging about appreciation.

This morning I heard the low battery churp from the alarm upstairs so I came home after work with fresh batteries. 

I would assume if yours are hard wired they will be going off often and if battery the batteries will be removed the first day.