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View Poll Results: Custom Build, development build or Buy? | |||
Design and have your own customer house built | 12 | 52.17% | |
Buy in a development and choose between a couple styles | 2 | 8.70% | |
Buy a house currently on the market for sale. | 6 | 26.09% | |
Fernt | 3 | 13.04% | |
Voters: 23. You may not vote on this poll |
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05-16-2013, 01:27 PM | #1 |
Not dead yet...
Join Date: Nov 2008
Location: Indian Creek
Casino cash: $3139903
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Posts: 2,794
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05-16-2013, 01:48 PM | #2 |
In Pat We Trust
Join Date: Sep 2001
Location: Albuquerque, NM
Casino cash: $6219148
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Typically, real estate prices are based on "comps"- comparable homes in the immediate area. If there is nothing comparable in the area, it usually devalues the home (even if the home itself is very nice). For example, even if you have a 5,000 square foot mansion with vaulted ceilings, custom cabinets and Italian marble throughout, that home will be devalued if the next largest homes in the neighborhood are only 2,500 square feet and have none of those features.
In short, if he wants to build something at $200 per square foot (good luck staying in budget!), he should build in a neighborhood where homes are comparable to his project and sell for at least $200 per square foot. Or he can live there forever or take it in the shorts whenever he sells. |
Posts: 11,838
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05-16-2013, 05:40 PM | #3 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $3158491
VARSITY
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I would love to design my own home. Building it would be a pain, though.
__________________
I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit. |
Posts: 141,577
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05-16-2013, 05:53 PM | #4 |
Supporter
Join Date: May 2005
Location: Who knows?
Casino cash: $2765884
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Use AIDS tree lumber.
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Posts: 83,504
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