|The build out a shell idea, more info||<– Date –> <– Thread –>|
|From: Rob Sandelin (floriferousemail.msn.com)|
|Date: Tue, 15 Feb 2000 08:33:23 -0700 (MST)|
The idea of building a shell and then having customers do the interiors seems to be not all that uncommon in condo ads. The place I was referencing was in Kirkland,WA and they had a big Sunday Real Estate ad offering first owners the chance to "Design your dream". I have also seen similiar ads for condos in Seattle. The owner gets to pick the kitchen, the flooring, the bathroom, the wall coverings, and all the fixtures. These places all have mortgages just fine, but I imagine they are carried by large construction loans to huge development corporations, who then make a killing off the customizing part. There were a variety of sizes available. In fact, this same exact deal was offered in a big retirement complex built across the street from where we held our NICA meetings. These are not low income units either, the shell price, for the smallest one at 600 sq. feet, was priced more than my 2400 sq. custom home on an individual lot is worth. That's why I remember it, I was astonished at how expensive they were, before you even put in your carpet. I am not a developer so perhaps there are ways to make such a shell game more affordable that I don't know anything about. Rob Sandelin Northwest Intentional Communities Association Building a better society, one neighborhood at a time
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