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Old 06-13-2015, 05:28 PM   #41
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It is also fair to say (ie. accurate) that you are on the hook for whatever she decides, whether you signed the contract or not. A married couple is an economic unit, her debts are your debts. You could always hock that ermine coat.
Failing to sign was only symbolic from the get-go.

You can have my ermine coat when you pry it from my cold, dead hands!
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Old 06-13-2015, 06:06 PM   #42
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Ours ended up being only 116% of budget, including some conscious splurges along the way (like the spa tub DW insisted on that has been hardly used ), so I was pretty happy. If we had been 200% like the OP I would have had a cow too.

I played GC so it doesn't count any of my effort getting bids for the subcontractors and coordinating their work with the main builder (carpenter). We also did all the priming and painting so that saved some money too but the original budget anticipated that we would do the priming and painting.

I would have been hesitant to hand over everything to a GC though some friends of ours did that and were 1500 miles away the entire time their house was being built and it all came out good.
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Old 06-13-2015, 08:27 PM   #43
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If we had been 200% like the OP I would have had a cow too.
Just to be clear, the house we are building is currently at about 200% of the price of the used homes we were looking at before deciding to build, which most importantly means we were not making and apples to apples comparison in deciding to build new.

The house we are building is at 143% of the original contract price (and will likely be finished very near to this), about 50% of the increase because of upgrades and about 50% because of necessary things left out of the contract.
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Old 06-13-2015, 08:35 PM   #44
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My bad, I misread your OP.

I think you'll find that like many other things, time heals all wounds, and in a year or two all this stress will be long forgotten and you'll be enjoying your new home.
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Old 06-13-2015, 08:40 PM   #45
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So, only 21% increase of the planned cost is due to overlooked items, the rest is to make your wife happy. Ah, it's really small in the bigger picture of life. For example, I am sure you have "lost" more than that in your investments in past years, and that did not kill you.

Let it go, man. You still have your ermine coat, what more does a guy need?
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Old 06-13-2015, 10:09 PM   #46
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We contracted and built our current home. I designed it using a $35 piece of software. We met with the builder, he suggested we use a 'plans' drawer rather than an architect. Cost $200! After reviewing the plans he estimated $275,000 to build the home. (right at 3,000 sq.ft, four bedrooms, three and a half baths) That was in line with our estimates.

He charged us $25,000 flat fee for his services, included in the above price. He furnished receipts for everything. While we applied for interim finance, he used his money until a week before we were due to close. Then took less than $50,000 to keep the bank happy. Saved us a bunch of interest.

Home was built on schedule and under budget! We are still friends with the contractor and have been his guest at several Astro's games. In the ten years we have lived here, there have been a couple of minor things needing repair. His warranty, lifetime! His lifetime! "As long as I'm alive, I fix anything my contractors did that goes wrong!" and he has lived by this.
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