W E A LT H A S A VAC AT ION
many vacation property owners trying to convert their garages to something else, like a gym,” Janine notes. “Then, everyone is trying to park on the street. Keep the garage! It’s not going to make a difference. At the end of the day, people really won’t use a gym but people will like parking their cars in a garage.”
4.5 VRP Construction In your pursuit of the product line for your business of VRP, it is important that you have at least a cursory understanding of construction types and materials. The best building method to use for your new VRP is an important discussion to have with your builder and your architect, if you’ve hired one to create a custom home plan. While most new homes in the U.S. are framed onsite using conventional lumber (traditional stick framing), there are other ways to build a new home, including using light-gauge steel, modular homes that are built indoors, homes built with structural insulated panels, and homes built with concrete. This is another point at which I want you to have the benefit of insights from an industry expert. When it comes to pricing a new construction VRP, Kraig Miller is the best I’ve worked with in 25 years. There are over 10,000 price-able components in a custom home, and it takes a special person to know the ins and outs of every single one of them in terms of sourcing. Kraig works with all the contractors in our region and makes sure that no one is screwing anyone. He has a deep well of contacts and channels to get everything a developer needs priced and delivered on time. When it comes to VRP construction, you want to talk to the guy who knows where everything comes from, with a hand on every single step of the process. That’s Kraig. He is currently the Purchasing Manager for Encore Resort Homes. Before that, he spent many years in upper management in timeshare vacation ownership and ran his own construction company. As someone who has worked in both residential construction and vacation rental properties, Kraig says he has noticed owners tend
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