House question
Pull my finger
Joined: Apr 2004
Posts: 41,423
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From: Arizona
Before doing any sort of building on the land, check up on the history of the area, it should be available to the public, basically as Tark stated, how the soil is, water source, floods, yada yada.... A good chunk of people that have csutom homes built fail to check up the history and are surprise by the flood, migration of animals, lack of water, etc... that happens months or years later.
h:
Senior Member
Joined: Jun 2004
Posts: 30,331
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From: Montréal, Canada
are you asking what would be more profitable between selling the lot as is or building a house and then selling it? cause if so i would recomend not building on it... lots of people are looking for vacant lots so that they can build the house they want, with materials they choose and the size they prefer. If you built a house you will have to find a customer that has the same taste as you and that could be harder.
The extra profit you would get from the house woulnd't be worth it IMO.
The extra profit you would get from the house woulnd't be worth it IMO.
I
Joined: Jan 2001
Posts: 56,525
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From: Westside til I die
I don't think he's looking to profit, he thinks that if he gets a good deal on the land...he can buy the land, build a custom house, and save $ over buying an already existing house.
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Rachel Bilson
Joined: Oct 2005
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From: South Bend/Walkerton, Ind
They build your house in a warehouse and then freight it over...bring in a Crane or a Helicopter and plop that bitch on the foundation
I got worms.
Joined: Jul 2000
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From: Utah
Just depends on your market and area. Around here you can build a 3,000 sq ft home for ~130-150,000. And that's a stick-built home.
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Pull my finger
Joined: Apr 2004
Posts: 41,423
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From: Arizona
When the hell have you seen a prefab put together using a helicopter? :eh:
Joined: Oct 2000
Posts: 44,908
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From: Location Location
Ok heres the deal.
I found out my aunt and uncle have some land in a primo area that they bought back in the stone age. Welp they are getting old and I was interested in purchasing.
Now I understand that when you usually purchase a house you are mainly paying for the land that the house sits on. I know it varies greatly, but is there any way I can guesstimate what it would cost to just build a house if I already own the land?
Example: A house is on the market for $200,000 house is 10-20 years old in a nice location. What percentage of the total price are you paying for the actual house vs the land.
I know it varies greatly but I kinda wanna knowh:
I found out my aunt and uncle have some land in a primo area that they bought back in the stone age. Welp they are getting old and I was interested in purchasing.
Now I understand that when you usually purchase a house you are mainly paying for the land that the house sits on. I know it varies greatly, but is there any way I can guesstimate what it would cost to just build a house if I already own the land?
Example: A house is on the market for $200,000 house is 10-20 years old in a nice location. What percentage of the total price are you paying for the actual house vs the land.
I know it varies greatly but I kinda wanna know
h:when i get my property tax here in CA, the selling price is divided in 1/2. 1/2 for land and 1/2 for improvements.
so in your example, it would be 100K for the house and 100K for the land.
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Joined: Aug 2005
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From: BFE
With single story prefabs they slide it onto the foundation. My wild shot in the dark says 100-150k for a modest single story house. Of course that varies with the local market, choice of layout, garage or not, ect.