Thinking of buying a lot to build on eventually.

[Black Ice]

Thinking of buying a lot to build on eventually.

There is no reason for $180 a foot unless you are really high maintenance.

I’m not high maintenance but my wife is[emoji23]. I’m hoping to stay around $140 per foot if we decide to build.


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[CoolHandLuke]

I’m not high maintenance but my wife is[emoji23]. I’m hoping to stay around $140 per foot if we decide to build.


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A close friend built a 2300sf custom spec home 4 years ago in our hood and sold it in the range of $140sf. He built it with everything he would want in a custom home for himself. I think it stayed on the market for 3 weeks.

$140 per foot should get you everything and some. He has been building custom homes for years. He did say he can build a $1mil 2500 square foot home if he needed to since they only appraise on the sf.

[Sticks&Strings]

If new builds are going for $180sf, then I'm in the wrong business.

The profit margin is the same or less than it was when they cost $100/sqft. Labor and materials are crazy.

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[Sticks&Strings]

A close friend built a 2300sf custom spec home 4 years ago in our hood and sold it in the range of $140sf. He built it with everything he would want in a custom home for himself. I think it stayed on the market for 3 weeks.

$140 per foot should get you everything and some. He has been building custom homes for years. He did say he can build a $1mil 2500 square foot home if he needed to since they only appraise on the sf.

I don't doubt it can be done for that, but the market has moved a lot in 4 years. I built and sold a custom spec 3 years ago for $130/ft. But dont think I could do it today.

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[CoolHandLuke]

I don't doubt it can be done for that, but the market has moved a lot in 4 years. I built and sold a custom spec 3 years ago for $130/ft. But dont think I could do it today.

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Do you think the market will soften up when all the rehab work from Harvey is done?

[Sticks&Strings]

Do you think the market will soften up when all the rehab work from Harvey is done?

I hope, but unfortunately I dont. Trump's tax tariffs and border security will drive prices even higher I'm afraid. I'm actually trying to figure out how to build myself a new house now before I really can't afford to.

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