Care 2 Share? How Much Did your Home cost to Build?
floddedgutted
13 years ago
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Skonovd Ranch
13 years agolast modified: 9 years agofloddedgutted
13 years agolast modified: 9 years agoRelated Discussions
Did anyone build a Sater Ferretti? How much would this design cost
Comments (10)Yes, it is quite unrealistic for $135/sq ft in this area. (I'm in Kirkland). Bergevin Homes is one custom home builder in the area. Merit Homes is not usually custom, but they build homes similar to this one, and the houses are upwards of $900k-1.2M finished. Are you building in a city limit, or in the county? That will also have a bearing on your permit cost and timeline....See MoreHow much does it cost on average to build house like this
Comments (18)I just entered our information into the program below and it was amazingly accurate, about 1.5% or approximately 25,000 higher than actual cost. However we built July, 2016-October 2017 year and it may have been adjusted since then for increases in costs.. Cost to build I remember doing this from plans before we built and hoped that it would be wrong (overestimated by a greater percentage. Unfortunately, That wasn't the case. Other results mat be different, but it is an interesting exercise....See Morehow much does building 2600 sq ft home cost if I own the land
Comments (16)If you're thinking of this as investment, that looks different. The answer to your "which is better" question is "probably neither." If you build new, I can almost guarantee that you'll lose money on the resale. If you buy existing and renovate, you'll be lucky to break even. And don't forget that every renovation you spend your cash on represents cash you can't invest somewhere else. I'm not an expert on this, but based on what I've seen friends succeed and fail at, there are two ways I know of (there are no doubt others I don't) to make a profit on your personal home. 1. Ideally in a cool market, buy an existing, well maintained home with desirable design in a desirable neighborhood where homes are appreciating. Live in it and maintain it well. Don't attempt any renovations whatsoever. When values are approaching your profit goal and the market is hot, but before the decor and design you bought would be considered "dated," clean it, paint it, buy a new range and a big refrigerator, and sell it. Repeat. 2. Buy a distressed property (foreclosure, estate sale, similar) with fundamentally desirable design in a desirable neighborhood where homes are appreciating. Repair what's broken. Live in the home and maintain it well. When home values in the area are approaching your goal, no sooner, decorate and update based on what's then popular and what's selling. No layout changes, no wall teardowns, no major renovations. Sell when the market is hot. Repeat. Either way, if profit is your main motive, or even a significant one -- from the second you start house hunting, your house is never your home. It's always your potential buyer's home. Don't buy a house because you like it, buy it because your buyer will. Don't change things because you want them that way, change them because your buyer will. If you're thinking in terms of what you need or want in a house (main level bedroom/bath, open floor plan, brick facing, and so on), you're already on the wrong track. I watched that happen to a friend some years ago. She had loads of fun renovating her house, but she got almost none of her costs back when she sold it. She would've been better off to have spent the renovation money on a couple of fun vacations....See MoreHow much would it cost me to build a home? As in ME, no contractors.
Comments (37)since you appear to have missed the real point entirely, the range is so large that OP's q cannot be answered with a useful number. Can you please tell me where I missed that point? I know you made up the number for dramatic effect, so do most people here other than the OP. However, when the OP thanked you for providing a real number, I felt I should give some anecdotal data that was based on reality rather than a made up number. My post was not overly optimistic or unrealistic about the task of building a home yourself. You were the one who then took issue with my real numbers to try to defend the numbers you made up for dramatic effect. It was a surreal journey... Had the OP not said, " Thank you @strategery for the only actual answer," or if you would have clarified your point to the OP in the day that followed the OP's thanks, then I would not have commented at all....See Morenevadaskier
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