Comments on: Custom build A home or buy a home already built?

By: Bear

Bear — Wed, 30 Dec 2009 08:13:59 +0000

i swear i answered this question...where did my answer go??
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By: ddstantlerstill

ddstantlerstill — Wed, 30 Dec 2009 07:31:59 +0000

Most would depend on the contractor hired to build.If you can hire a contractor for just labor costs you can save a bunch building.Providing you are the one buying the materials.With all the insurance buy out retailers you can get materials extremely cheap.
Design and square footage has a large influence on costs when building.Lumber prices are up right now.Where as it is a buyers market in real estate,depending on where you are looking to buy.Building verses buying has one advantage.The cost of building is always less then the finished appraised value.Which means you already have equity built up.Buying then renovating can be tricky and costly if you don’t have experience in these fields.
I built my own house over a 4 year period of time.I bought all the materials myself and did 90% of the work.I have no mortgage.My total cost to build was 17,000 my appraisal is 75,000 that’s on 2,000 square feet and 20 miles from the nearest city.The same sized house closer to the city would fetch about 125,000.
Most just depends on what you prefer.
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By: whome?

whome? — Wed, 30 Dec 2009 07:11:59 +0000

well it depends on how extravagant you want it to be.. in many cases, it can be more expensive because you choose and build from scratch, rather than buying something that's already made for you. in my case, i had a home built from scratch and it pretty much cost the same as buying one. of course, it's always better building it because you can design it and put everything you want in it, but buying one is easier and can be just as nice.
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By: mctruck

mctruck — Wed, 30 Dec 2009 06:46:59 +0000

usual custom is 20%higher then standard plan depending on location you can get some good old farm houses a a bit less and a fixer upper for even less
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