Reply to New build construction 1-1.2 million?

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[quote=Anonymous]Have the previous posters that suggest building a small modern home tried to build a home like that recently?

You will quickly find that (until you get into high end custom home territory) most builders have minimums, usually a sqft minimum of around 4000-5000sqft.

I'm sure some of them would agree to build you a 2500sqft modern farmhouse if you paid them what they charge for a 5000sqft one, but come on, who is going to do that?

It's all business for them, why should they potentially spend extra money to design you a small non-standard house, assume all the same costs that it takes to build a larger one (site prep, permits, hiring trades, project management, getting everyone on site and working) and then take a smaller end paycheck from you when they have a line of buyers willing to pay for a 5000sqft house that will net them more?

The reality is in this area for $1.5mm new build it's not going to be a small house. Your bank might not even give you a loan for what they will see as a house that isn't in line with the comparable new builds in the neighborhood which means it will be harder for them to sell if you default. [/quote]

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