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05.28.08, 11:40 AM General Topics
15 replies
DH and I are looking to spend about 550K for a house. There is a lot for sale in the town we are looking at. DH think we should buy it and build a house on it. I think that is a crazy idea! The lot is for sale for $300K (he thinks he can get it much lower because it's been sitting there) and it is covered in trees. Is this idea crazy??? It sounds like a HUGE undertaking and building a house can't be cheap, right? [ Reply | Watch | Flag ]
General Topics 05.28.08, 11:40 AM Flag
 

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yes, that is crazy and keep in mind that it is much harder to get a loan for buying land and building than for buying a house. [ Reply | More
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General Topics 05.28.08, 11:42 AM Flag
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really? how come? [ Reply | More
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General Topics 05.28.08, 11:44 AM Flag
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I don't know why exactly, I just know that's how it is. [ Reply | More
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General Topics 05.28.08, 11:45 AM Flag
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^^^ although I'm guessing at least part of it is that when you buy a house, the bank has an asset it can take back. When you say you're building a house, you just have plans, no actual asset. [ Reply | More
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General Topics 05.28.08, 11:46 AM Flag
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If you buy modular you can save a lot. [ Reply | More
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General Topics 05.28.08, 11:42 AM Flag
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what does that mean? it comes with some plans [ Reply | More
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General Topics 05.28.08, 11:44 AM Flag
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It's already made in sections [ Reply | More
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General Topics 05.28.08, 11:45 AM Flag
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The owner of Blu Dot furniture has a kit house called FlatPak that's really cool. It's efficient, quality control as it's manufactured in a factory, and quick construction. But it's still pricey per sf. Worth checking out the website, tho. [ Reply | More
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General Topics 05.28.08, 11:48 AM Flag
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thx [ Reply | More
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General Topics 05.28.08, 11:49 AM Flag
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You are going to spend way more than $250K to build a house. You have to do all the paperwork with the town board, bring in utilities, clear trees/excavate. [ Reply | More
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General Topics 05.28.08, 11:43 AM Flag
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my husband is driving me CRAZY [ Reply | More
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General Topics 05.28.08, 11:46 AM Flag
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Think it's any guy's dream to build his home. I told dh he can build our retirement home, but for now we have to be practical. [ Reply | More
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General Topics 05.28.08, 11:49 AM Flag
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sounds like it would not be too much of a headache to research. Do you guys have "funky" ideas? I would consider it if what I want in a home is hard to find. [ Reply | More
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General Topics 05.28.08, 11:55 AM Flag
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no, we just want a regular house, but there's not much in the area within walking distance of the train that's in our range. [ Reply | More
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General Topics 05.28.08, 12:01 PM Flag
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Figure you'll pay a premium for custom. Builders save a lot of time knowing how to build lets say four models of home efficiently. On top of that, everytime you look at an item, you are gonna say, "Go with the good one. We're gonna be here for a long time..." That said, I would still look into it. [ Reply | More
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General Topics 05.28.08, 12:18 PM Flag
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