Canada is where i live.
So im planning on custom building my bungalow house and im not sure what im getting myself into.
My neighborhood has a lot of costum built homes and since my house is one of the few bungalows left i would like to tear that down and built a brand new home.
Question:
How much do you think it would cost to custom build my way or a already planned house?
Where would we stay within the time the house is being built?
WOW–it varies tremendously in different parts of the country. Around here (Alabama) is is about 150 dollars a sq ft up,up,up
And we live in one of the most affordable housing areas around. With gas prices so high, and all building materials shipped, it is gonna get a lot higher, real fast. Think about remodeling if you can.
Homes are getting a bit tougher to sell here in Canada now, seems like people are getting a bit picky in their purchases so sales are slowing due to unrealistic demands from builders on price consessions. So I’m seeking to go and build in other areas. With the weather about to turn colder with the coming of winter, I am looking to the warmer climates of the South, particularly the booming retirement communities like Cape Coral or Port Charlotte as retirees alway love Florida and I think that these areas could be a great boom to my business. But I don’t know what the current housing conditions are like down there right now so I’m asking those who know:
What is the housing market like in the Cape Coral / Port Charlotte areas (or other areas of South Florida). I only have information from about 3 years ago (sales brochures) and from them I am just itching to rush down there and start developing! It looks like a Gold Rush of wealth in that area. Are things still supper-hot in these communities?
I heard from one fellow that things have begun to slow down a bit, that the sales market is still healthy and growing but that it takes a bit more effort and he expects sales to be back to record highs in just a few months. If sales have slowed, then how many weeks do you think it will be before they are back to full throttle? Will it be before Christmas?
I have to line up a lot of credit for land purchases. How are the lenders down there with providing credit to builders? Things are getting a bit tighter here in Canada and I don’t see why I’m being squeezed so much, so I want to go to U.S. lenders instead. I remember talking to a finance expert 3 year ago in Cape Coral and from what he told me, even a pet dog could get a $2 million line of credit.
Good God NO . . .DON’T DO IT . . . Home values in South Florida are still in decline . . . right now they are about 40% off their peak and are still expected to decline another 10 to 20% . . . . Our inventory level on existing homes is about eleven months and builders are literally walking away from unfinished developments . . . you literally can’t give away a home in parts of south Florida right now (carrying costs are high).
My husband works in finance and I can name two Fourtune 10 (not 500, but top 10) companies who can’t get financing to meet payroll. It’s just not the same game anymore . . .
The Gold Rush is over . . . We own real estate in Miami, the Florida Keys, Hollywood (FL), and Naples and our accountant can’t even figure out how to value the property . . . that’s how bad it is.
I am not sure and wanted to know?
Manufactured are usually completed structures, whereas modulars are assembled on-site in any number of configurations. You have seen manufactured homes being trucked down the freeway I’m sure, those "wide load" cargo haulers. Modulars can even need to be roofed later.
I saw an apartment building in Houston which was all modular, it was literally stacked apartment made of reinforced concrete units that a crane hauled and put in place, they slid together, each one was completely finished except for pluming/electrical hookup…the beds were made, the walls were painted, the curtains were hung.
My husband and I are thinking about purchasing and it is finally dawning on us that it might be a good idea to look at new homes as well because of the $10,000 CA tax credit. I know a lot of home builders are giving incentives right now. Does anyone know what KB is offering? I was trying to avoid calling because I didn’t feel like getting a sales pitch. Thanks!
Why don’t you look on their website?
Also, I looked at quite a few KB Homes in the past year, and their workmanship is HORRIBLE! DR Horton is MUCH better quality
This week Lauren explores starter homes in Gorton and Sian shows off her new development..a shabby chic cottage!
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Creating healthy and ecological homes!
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Best site to find FSBO Listings Boulder County Region real estate http://forsalebyowner-boulder.com/find-boulder-homes-for-sale-by-owner
flat fee low-cost MLS listing advice…help selling my Longmont Denver house myself www.forsalebyowner-boulder.com/home-buyer-credit-expiring-soon-find-homes-to-buy homes to buy deals assistance
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Music video by Maroon 5 performing Won’t Go Home Without You. (C) 2007 OctoScope Music, LLC
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Feb. 23 (Bloomberg) — James O’Sullivan, chief economist at MF Global Ltd., talks with Bloomberg’s Betty Liu about the outlook for the U.S. housing market. (Source: Bloomberg)
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Feb. 19 (Bloomberg) — U.S. Housing and Urban Development Secretary Shaun Donovan talks with Bloomberg’s Peter Cook about President Barack Obama’s foreclosure-prevention initiative.
Donovan said the $1.5 billion initiative targets the housing markets that need it most and additional programs may be created. (Source: Bloomberg)
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