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Reply to "Construct a home, how much cheaper is it in the end?"
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[quote=Anonymous]I can get land in Vienna/Oakton for around $350K (0.5 acres) or buy an old home for around $450K and tear it down. I want to know how much to expect in construction costs, let's say I opt for a 3 car garage home and decent options. I understand that construction costs can vary based on so many factors but what is the ballpark figure to assume before getting into it. I am assuming in the end getting it constructed has to come out cheaper than buying an old home. You would only get it constructed if it is either cheaper or you are getting a layout/design that you can't otherwise get easily. 3 car garages (4,500 to 5,500 sq ft) homes in this area sell for about $1 to $1.1M. Thoughts? [/quote]
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