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Real Estate
Reply to "What's Happening to Vienna?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The reason the houses are relatively huge comes down to simple economics. The land is worth between $350,000 - $500,000 per lot in Vienna - no matter what you put on it. A house costs about $250,000 to build, if that. It doesn't matter if its 2,000 or 4,000 SF, the cost difference to build it is not that different. However, once constructed, the 4,000 SF house can be sold for $1.1 - $1.4 million, and appeals to families needing 4-5 bedrooms. The smaller house can only be sold for around $800,0000-$900,000, and has a smaller pool of buyers. Which would you build? [/quote] Presuming I'm living in it for ten to twenty years? 2000 - 2500 sq ft. In all honesty, if I had the money I'd hire an architect for exactly what I want. I'd rather have a smaller home with exquisite detailing and excellent finishes. I read Susanka's book early and her theories informed my beliefs greatly.[/quote] Not a good investment[/quote]
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