Quote:
Originally Posted by Susie Cougar
If I remember correctly, your original post said that you wanted to spend $350,000. At $300 a square foot, you could only build a 1000 square-foot house, because you still have to buy the lot. And I’m not sure anybody lets you build anything that small anymore.
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We would bump up our price range to build, just so we could have exactly what we want in a house, so the house would be about 2000 square feet(so a 725k house in a neighborhood that maxes at 600k). Im super conservative with finances, so we would like to buy in the 400k range, but after looking at our desired area, we are going to have to bump up to get what we want.
Again, it just doesn't make sense to build where we're looking. We are much better off buying existing construction than trying to build in this high flying market. I really appreciate the help, and now I understand why a lot in a desirable neighborhood might sit.