99ta Posted January 26, 2012 Report Share Posted January 26, 2012 My wife and I want a bigger home. We just listed our current home with a realtor and are debating on building or searching for a home. Has anyone built a home recently that could provide some input (ie cost of building vs value). And I will not build in a subdivision. I would purchase my own land and contract out as I have many contact for concrete, electritian, ect. Quote Link to comment Share on other sites More sharing options...
BDHG940 Posted January 26, 2012 Report Share Posted January 26, 2012 Eric, If you know what your doing, you can save some big money. On the other hand, not knowing what you are doing can make you lose big, too. I've seen some good deals on land lately, too. I'm sure there is some good deals on houses as well. Lastly, be sure you know what your doing. I saw a friend get burned pretty good on being a little over confident. Quote Link to comment Share on other sites More sharing options...
KillJoy Posted January 26, 2012 Report Share Posted January 26, 2012 IMO, in THIS market, I would not build. However, Home Builders are making some bitchin' deals.. KillJoy Quote Link to comment Share on other sites More sharing options...
99ta Posted January 26, 2012 Author Report Share Posted January 26, 2012 Eric, If you know what your doing, you can save some big money. On the other hand, not knowing what you are doing can make you lose big, too. I've seen some good deals on land lately, too. I'm sure there is some good deals on houses as well. Lastly, be sure you know what your doing. I saw a friend get burned pretty good on being a little over confident. yeah, thats why I hesitant. to many unknowns. I personally am not real handy ie I can't build my own house. However, my father in law has built many houses, my dad is very handy, my brother in law has own conrete comp, my best friend is an electritian, ect. so I have many resourse to save some money on the build.... But I would want a custom builder to build the house, but I think I could do them interior stuff. drywall, insulation, flooring, ect myself... Quote Link to comment Share on other sites More sharing options...
coryscobra Posted January 26, 2012 Report Share Posted January 26, 2012 Baller Quote Link to comment Share on other sites More sharing options...
99ta Posted January 26, 2012 Author Report Share Posted January 26, 2012 Baller haha, janice thinks so. she looks for the most expensive house and picks it. im like, hey our limit is 250k...shes like no we can do 300k. im like :fuuuu: Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted January 26, 2012 Report Share Posted January 26, 2012 I'd buy existing. WAY too many homes on the market with upgrades and additions and it's a buyers market. You might be able to save on a new build but the value you'll get in an existing will be greater. An easy example is to consider a fence and decent patio area which will easily run you 5-8k and most homes you'll look at will already have them. I'm not sure of your financial situation but I'd look into those in trouble too. Wife and I have flipped more than a couple she's found at auction/bank sales. Point being you can easily find a home that would normally list at $350 for $200-250-275. Quote Link to comment Share on other sites More sharing options...
OneRunnin72SST Posted January 26, 2012 Report Share Posted January 26, 2012 I'd buy existing. WAY too many homes on the market with upgrades and additions and it's a buyers market. You might be able to save on a new build but the value you'll get in an existing will be greater. An easy example is to consider a fence and decent patio area which will easily run you 5-8k and most homes you'll look at will already have them. I'm not sure of your financial situation but I'd look into those in trouble too. Wife and I have flipped more than a couple she's found at auction/bank sales. Point being you can easily find a home that would normally list at $350 for $200-250-275. I am with you...the inventory of homes is too good to pass up right now. I wouldn't totally rule out building but look around first. -Erik Quote Link to comment Share on other sites More sharing options...
Patterson Posted January 26, 2012 Report Share Posted January 26, 2012 After months of looking at b.s. bank owned, short sale, this and that, offers rejections, assholes I'm building. With the deal im getting, its in a neighborhood that would normally start out 20-30k out of my comfort level I can get brandy new, snobby neighbours, with plenty of space till the kids are all run off to college. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted January 26, 2012 Report Share Posted January 26, 2012 After months of looking at b.s. bank owned, short sale, this and that, offers rejections, assholes I'm building. With the deal im getting, its in a neighborhood that would normally start out 20-30k out of my comfort level I can get brandy new, snobby neighbours, with plenty of space till the kids are all run off to college. youll be in with the snobby neighbors until you start running that methed out powder coat booth and major payne is dumping gear oil all over your minty streets. :gabe: Quote Link to comment Share on other sites More sharing options...
Patterson Posted January 26, 2012 Report Share Posted January 26, 2012 youll be in with the snobby neighbors until you start running that methed out powder coat booth and major payne is dumping gear oil all over your minty streets. :gabe: LOL That won't happen bruh. Monika put that shit on lockdown. It's far enough out he wont ever visit because itll cost too much in gas to come out. As for the Meth lab it is going into its own little shop elsewhere once I'm settled in. Waay to messy to have at home really. And I need a break. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted January 26, 2012 Report Share Posted January 26, 2012 I was clowning u suh. Congrats to you brehhh! Quote Link to comment Share on other sites More sharing options...
Patterson Posted January 26, 2012 Report Share Posted January 26, 2012 I was clowning u suh. Congrats to you brehhh! I lol'd hard dood. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted January 26, 2012 Report Share Posted January 26, 2012 I planned on building, but decided to wait one more year trying to find something used. Ended up picking up a 5 year old house almost identical to what I wanted to build for about half of what I would have had into building it. Find a real estate agent familiar with working short sales. Full disclosure: be prepared for it to be a long drug out process,... But way worth it. I just moved into it last week, and it's probably the best deal I've ever got on anything I've bought. (and that says a lot) Be patient, always be looking, and be prepared to pull the trigger the instant you find that deal. Because if you aren't, someone else will be. Quote Link to comment Share on other sites More sharing options...
99ta Posted January 26, 2012 Author Report Share Posted January 26, 2012 yeah we can def be patient. im not sure about the sherrif sales as we cant see the inside of the houses (my wife has specific requirements ie walk in closets and garden tubs, ect). I suppose if we came across a good enough deal we could always add what we want with the equity... Quote Link to comment Share on other sites More sharing options...
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