All Forum Posts by: Sebastian Puente

Thanks Jay. Build time does seem excessive but consistent across builders. We have a tight labor market, subs are in short supply, and are subject to the weather. Your "market is soft and going to get better" is where we're at. Appreciate your insight and experience. The little town you once knew is growing up and opening the door to a range of exciting opportunities. Happy to send you my info deck if you're need a reason to come ski again. : )

@Ty Coutts, thanks. I’ll connect with you over the next day or two.

Howdy! I’m working on a new residential project in Crested Butte, CO and figured I’d throw this out here to get some advice and hear a few stories. We’ve got six shovel-ready lots in an upscale neighborhood, just a quick bike ride to town.

Builder’s lined up, and I’m working on securing capital partners/lenders (open to recs if you’ve got any!). Plan is to do custom single-family spec homes. Comps for high-end new builds are running about $1,100–$1,300/ft² depending on the finishes/views.

Couple things I’m researching:

1) Would you start with just 1 home or build out more at once to generate demand/interest/pre-sales (build cycle is 18 months)?
2) How do you usually pick which lot to go first if you’re hoping to leave room for appreciation/price bumps?
3) Anyone ever sold a lot + plans (contingent on using your builder) and had the buyer finance the vertical? Curious if that’s been done.

Appreciate any thoughts and interest - resort/mountain town projects can be unique, so any tips or stories are welcome.