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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We decided to go take the road less traveled and build.  First time we’ve done this and wanted to share in case others find this useful, and get advice from the DC hive too.  Maybe others will chime in with their experiences, too.

Some of this will not be chronological, since we bought the lot some time ago. But I’ll try to cover stages from lot selection, site prep, construction and budget along the way.

Might split this into more than one  thread, depending on how unwieldy this gets.

Other details:  building somewhere in the DMV region, house will be about 5,500 feet including garage, and we have a budget of $1.4 m, all in.
And, we're NOT going with a design-build firm--that means more hands on managing this project, and having to find everyone from the architect, to the engineer, to the builder ourselves.  But it should save us money.

Can it be done, on time and within budget?  With our sanity intact?   Tune in....[/quote]

I cannot believe it costs 1.4m to build a house on a lot you already own.  WTF?  Why would anyone do this?[/quote]

I know, it's insane.  This just shows how very little purchasing power our dollar has, it's all inflated.  If labor genuinely is getting paid better now and materials are this much more expensive, then I get it.  But I think there is a lot of greed on part of developers wanting to make the most profit and also get a little bit of profit from the land itself even if they aren't the owners of the lot.  It must be lucrative with so many development companies that sprung up, it's time they have healthy competition on prices, but I don't see it yet.   I really don't want to pay 1.5 mil to build a basic home made out of wood and vinyl and some decorative stone veneer. [/quote]

Developers that are buying teardowns I have spoken with are making incredible profits - at least the high end luxury builders I have spoken with [/quote]

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