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How much does it cost to build a new house?
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02-18-2020, 11:13 AM | #23 |
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$45 to $150 depending on number of modules, how it's being kitted out, and ancillaries.
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02-18-2020, 12:00 PM | #24 |
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Container homes? A boat load of compromises especially in the heating dominated climate of Mass.
OP: You have to decide what type of house you want (Code Minimum or somewhere better?) and whether you want to be your own GC. Homebuilding is not for the faint of heart because you must be on top of everything and understand that you will have problems crop up. Permits, meetings with GC and subs, inspections, etc. Modular can be a good alternative. Especially if you're looking for better than code minimum levels of construction. There are quite a few in New England which offer all sorts of designs. https://brightbuilthome.com
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02-18-2020, 12:47 PM | #25 |
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There used to be a show on HGTV called Dream House. I know...reality show and all the baggage that comes with it. But it did provide some insight as to many of these people being their own GC to save a few dollars. Many times I wonder if the aggravation they went through was worth the "savings". I'm sure the hits they took from bad decisions or missed details were buffered by the fact they were on this reality show. Many times the feelings I had after seeing these episodes was no sympathy what so ever.
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02-18-2020, 12:55 PM | #26 |
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02-18-2020, 01:04 PM | #27 |
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Yep.
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02-18-2020, 03:04 PM | #28 | |
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02-18-2020, 03:25 PM | #29 |
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My wife and I are going down this path right in the Kansas City area and hardly any contractor will give us the time of day because we want to build a 2,000-2,200 sq. ft. home (4 bed, 2 bath). We want nice fixtures and are willing to pay for it, but all the contractors around here build 3,500-5,000 sq.ft. homes and we're not interested in that. To build something small would require them to charge basically they're charging to build a nice 3,500 sq.ft. home ($300-500K to build) because of the margins. It's really crazy and frustrating.
If someone wanted to start a new home building business, I'm sure they'd make a killing by specializing in smaller, 1500-2500 sq.ft. homes because that's where it's going, especially as the younger generations get homes. They aren't interested in all the wasted space and excess rooms you need to fill with crap.
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02-18-2020, 03:57 PM | #30 | |
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02-18-2020, 04:46 PM | #31 | |
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02-18-2020, 05:02 PM | #32 | |
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Ps. The lot I was looking at (and now sold already) has some common septic shared between 3 houses and electric hookups were already there. It was listed $295 |
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02-18-2020, 05:06 PM | #33 | |
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02-18-2020, 05:12 PM | #34 |
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So far price are out of my budget I think. I mean we are looking 600-700k for a relatively small house. It's crazy to think back in 2000s my dad bought a huge house for 400k in mint condition. And 600k was a budget of my hedge fund buddy I am a part time babysitter lol
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02-18-2020, 05:27 PM | #35 | |
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02-18-2020, 06:07 PM | #36 | |
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02-18-2020, 07:35 PM | #37 |
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02-18-2020, 07:40 PM | #38 | |
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I'd been reading some off he writings of J. Meejin Yoon. Cornell College of Architecture. Innovative materials and all the factors that go into reducing costs and energy cost over the lifespan. |
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02-18-2020, 07:56 PM | #39 |
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Interesting time in the US for single family home new construction. The market where I live is very tight (lack of supply). Builders and realtors have a good thing going now, and there is no reason my market for sellers of existing homes, or builders of new ones, to compromise on price.
Employment is strong, so I don't see the dynamic changing in my market any time soon. Vacancy rate among for sale homes in the US is at a 40-year low: |
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02-18-2020, 08:23 PM | #40 | |
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How do you feel about Dorchester? |
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02-18-2020, 10:41 PM | #41 | |
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I still wouldnt be caught dead living in that neighborhood |
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02-18-2020, 10:43 PM | #42 | |
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02-19-2020, 01:12 AM | #43 | ||
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Hypothetically, it works, but in real life, unless you have a thick layer of good contractors who will spot you in terms of budget and time, it is a risky thing to do for regular buyers. Minimalist homes don't come cheap because building details are not typical and regular contractors or architects won't have a clue how to either build, draw or specify. They will claim they can do it, but you will face a lot of trouble soon or later if they havent built such house a few times. Saving cost with energy efficiency in homes are...something you won't recoup in anytime soon unless it is your forever home. It looks great but carries higher risk than conventional houses in reselling, maintaining and...building it right. |
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02-19-2020, 03:10 AM | #44 |
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It's like $450+ / sq ft where I'm at. And the land will cost you $500k+ just for the lot, though most people are buying burnt out teardowns for $900k+ and bulldozing them.
Something like Bluehomes modular would be the only way to even come close to "affordable". |
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