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building new home question

John Rapp
3 years ago

We are going down the path of selecting a lot and builder for a new 1800 sq ft ranch home in the general area from Cummings over to Hamilton Mill. But what I am finding that buying a new home compared to buying land and hiring a builder is less expensive to buy a new home or one 2-3 years old. And this is comparing basically the same square footage, floor plan and lot cost. Why is building more expensive? The only thing I can think of is the lot development cost for a single home is much more expensive compared to a new neighborhood where they are developing many lots at one time and thus get economies of scale cost reductions. Any help in this matter will be appreciated.

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