Q: There is a home I am interested in, but the home is being sold “as is” and from the pictures it doesn’t seem to have the interior finished.  Is it a good idea to buy an unfinished home from a builder that is being foreclosed on?

 A:  I would not recommend finishing out for a builder.  There are plenty of finished homes that are distressed, and finishes are the most expensive part of building….typically, you can buy it for less than your total cost would be if you finish it.  Also, if you finish it yourself you will void any warranty.  Builders, even if they go under, are still required to warranty what they built under Washington law.  In a situation where the builder is in trouble they have a bond to cover the warranty.

In a nutshell, unless your work will return $2 for every dollar spent, you are probably going to be better off buying something that is finished and has a certificate of occupancy.  You would not even be able to live in an unfinished new home, until it is finished and then inspected by the city.  Also, a lender is not going to lend on an incomplete home, you won’t be able to get insurance unless you are a contractor etc. etc.

Sharp Contracting LLC, Formerly Sharp and Sharp Holdings LLC, has developed a new business model and is offering its contracting services to Realtors in the Thurston County Washington area.

Sharp and Sharp Holdings (Contracting) has been doing business in conjunction with Phil Sharp Homes for several years; investing in residential real estate, remodeling and “flipping” properties owned by SSHLLC, as well as Phil’s investor clients.

Sharp Contracting is a full service general contractor, offering whole house remodels and additions, Kitchen and Bath remodeling, Window, siding and door replacement etc.

Sharp Contracting also does work order and inspection repairs at competitive prices for fellow real estate agents in the area.

Custom Construction Large Remodel Kitchens and Baths Ceramic and Stone Tile Windows, Doors and Siding Interior and Exterior Painting Decks, Concrete and Gazebos Shops, Barns and Garages Full Demolition/Disposal Service   Light Utility Work Trenching, Digging

Click on the Photos above, or visit our website; Olympia General Contractor.com