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Real Estate
Reply to "Rough range of cost to build a 2000 sq ft home in Nova?"
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[quote=Anonymous][quote=Anonymous]Bigger house means bigger taxes, bigger utility bills, bigger maintenance costs, bigger cost to furnish it, more time needed to clean it, etc. It also means cheaper materials and finishes to keep within the same budget as a smaller house. And. depending on the lot size, it could also result iin having a undersized yard, which would likely result in a lower resale price.[/quote] You don't get it. There are sunk costs to building a house that will be the same whether it's 2000 sqft or 4000 sqft. The price of the house does not go up or down proportionally to its size. So if you build small, you will end up with a small expensive house. It won't appraise so you better pay cash because the bank doesn't care about the quality of finishes, it only cares about location and square footage. When time comes to sell, you will be competing against similarly priced bigger houses. Who would want to buy a smaller house when they can buy a larger house for the same price? [/quote]
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