Reply to Is it cheaper to tear down our existing house and rebuild, or buy a new construction?

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[quote=Anonymous][quote=Anonymous]Builder here. New construction costs more than a resale. So if you want the best deal then work hard to secure a resale. If you just want new for new you could buy one from a builder on spec. Would not recommend that. When you are a spec builder of the three decision tree - time,quality and money, a good spec builder is going to elect time,money, and quality in that order. I said a good spec builder, not a good builder.  I believe you want quality,time, money as the three decision trees so I would be very hesitant to buy spec. In terms of rebuilding on your lot don't listen to knuckleheads on this site sprouting costs. Call up a couple of architects and have them come out. They will give you an idea. That all said, I would assume at least 300.00 square foot cost for build alone for a nice custom home. So, yes if you want a nice 5000 square foot colonial it is going to cost you 1,500,000.00 to have it built. I'm not talking a shit box I am talking a well done home - and that is not completely top of the line. I am working on pricing a 7000 sq. ft. one now and I think the number will start with a 3 as it is definitely 400.00 square foot construction.[/quote]

If you get a builder that does few homes a year they are going to really charge high.

Look for a company that does many homes or even preset plans and you will save a ton.

In the short term a high end builder that over charges you won't pay off but you probably can get what you want exactly.

Here is a mid grade builder w/ pricing included. Everyone here hates them especially high priced custom builders.

http://www.ndimd.com/
http://www.newdimensionsinc.com/gallery-of-homes.html

[/quote]

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