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Real Estate
Reply to "Come along as we build our custom home- lessons learned in real time."
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[quote=Anonymous][quote=Anonymous]It really almost doesn’t seem worth it if you’re only building a modest home. Site prep and your very reasonable lot costs are about $250k and that’s before anything else. So someone looking for a $700k-ish thousand dollar house wouldn’t have much for construction.[/quote] People don’t do new construction or new build for one of two reasons: lack of patience or they think the costs are ridiculous. I don’t understand why anyone would buy less than a quarter acre in Bethesda for $600K and build. Of course it’s going to cost millions. Also, if someone is buying a new build in a community, all of those costs are baked into the sale price: site costs, permits, sewer etc. Realistically the structure of your house, drywall etc probably costs half a million. If that. The reason why those houses are selling for millions is because of greed. Builder wants to make a profit and then some. [/quote]
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