Tuesday, August 31, 2021

A Touch of Realism

We had been given a tentative completion date for our new NV winter place in mid September. I believe I said we didn’t think that date realistic, given the then-current state of completion. This isn’t our first ‘rodeo,’ actually our fourth new house build.

We have a new date in mid October which seems more believable. It is also more practical as by then the daily high temps should have dropped into the 90s from their current 100s. 

Given the supply chain shortages of various items, it won’t surprise me if the date slips again. The builder isn’t dragging its feet, they don’t get paid until it’s done and escrow closes. 

The longer the builder has to carry materials and labor expenditures on their books before receiving payment, the greater their interest expenses. Contractually, they cannot pass these delay-based expenses along to us which thus lowers their profit on the house. If anything they have a greater financial motive to move the process along than we do.