Quote:
Originally Posted by Formula260SS
I hear you - if I subtract my land value from what my house at home is worth I come up with about $120.00 / sq ft vs a realistic valuation based on recent sales. (I've had some friends move recently for price comparison) I'm not doubting you I just don't see how the math can work with a rolled up all in cost vs. what a bank would finance. I'm sure I'm missing something.
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The build cost is separate from the land cost but remember it all depends on location for the assessed value which is what your ability to finance would be based on. I can tell you from experience 120.00 for a build cost in this market will not cut it at all. Remember this includes everything from excavation and land clearing to foundation to window and siding to flooring to appliances to plumbing fixtures HVAC and on and on.
I have built a few homes and I have been in the construction industry for years this is based on experience and the current market
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