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Reply to "Cost to tear down & rebuild?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here are current prices: Shanty town construction / doesn’t even exist in 2022 - sub $250/sqft Low quality, builder grade finishes, nothing custom except for the floor plan. Think your average crappy looking but big McCraftsman - $250/sqft Good 2nd tier custom construction. Custom finish work / almost nothing builder grade or off the shelf from places like Home Depot. High quality custom finishes but nothing extravagant $300-375 Top tier custom construction. High degree of custom finish work, finest materials and appliances from tile to flooring to hardware, nothing plastic / vinyl all natural materials $400+ Vinyl[/quote] Would a builder build me a very nice 1200 square-foot house for 1200 x $400 = $480,000? Single guy here so don’t want a big house but I’m over condo/townhouse living.[/quote] Yeah, might be more like 450 though because it’s so small and there are certain fixed costs not getting spread over a bigger building (HVAC for example). But then you have architect fees, engineering fees, site prep, and a few other annoying costs. [/quote] I mean a builder would build you anything you want for the right price, but unless you are paying all cash I can't see a bank financing that. You would end up paying $500,000 for a house that isn't worth much more than just the land cost.[/quote] This. Build at least a 3br house plus a bonus room / bedroom in basement. The 2000’s are over snd we’re not getting back there cost wise, so Americans will have to start living in more reasonable sized houses given construction costs. [/quote]
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