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[quote=Anonymous][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.[b] Realistically the structure of your house, drywall etc probably costs half a million[/b]. 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]

Well, I'm doing a 4500 square foot house and I'll be at 900 with strong finishes but doing finish work myself (floors, cabinetry, trim, tile) and playing role of general contractor and using my good relations with subs to get good deals. Stuff's way expensive.[/quote]

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