In the market we have now its cheaper to buy,check with a few banks for some great deals on foreclosed homes.
tIs it cheaper to have a new house built or buy an already built one of the same size?
Rule of thumb is that its cheaper to build than buy but most people don't have the time, expertise or desire to do so. Depending on your geographic area, many new homes are built for $65-$70 per square foot of living space. These homes are typically sold for $90-$100 per square foot. The people that typically build their own home will do some of the work themselves and/or act as the General Contractor. Both of these will lower your overall cost. But the basic reason it saves you money is that there is no mark-up. A home builder is a business man. He builds the house at cost and then adds his mark-up for profit. I have heard some builders charge as much as 30% or more.
No one can really give you an accurate answer on time to build a house because you haven't given enough details. It would be better to know square footage, number of garages, height of ceilings, exterior cladding (brick? siding?), interior finishes (granite? crown moulding?). But just spitballing, you could probably have that house built in 3 months assuming you already had the land, you already had the plans, you start in the spring or summer, and you can readily get permits in your area.
There are many considerations when considering to build or buy. Either way you want the building to be energy efficient, safe and secure. Did you know that buildings are designed for local temperatures but never verified?
Buildings are designed, insulated and insured for specific temperatures. Energy consumption, emissions and fire separation integrity depend on buildings functioning within its design criteria except none of it is verified.
Buildings are to keep you warm in the winter and cool in the summer. Go to this link and see how buildings use energy in the winter. http://www.thermoguy.com/globalwarming-h鈥?/a>
Go to this link to see how buildings use energy in the summer. Hard to imagine California having power shortages because they are reacting to symptoms. http://www.thermoguy.com/globalwarming-h鈥?/a>
Autism rates are up, so is the mercury emission from burning coal to generate electricity to treat heat symptoms.
In todays market and during the next two years at least. It will be cheaper to buy one. My advise is to wait as long as you can. Banks are delaying forclosures and doing what is called ';short sales'; this holds the prices up and avoids a real auction for fare value. We all have to wait until they really start getting desperate and flooding the market before it will get down to its real value. Hang in there. And remember Realtors make money both directions in a sale from me and you.
cheaper to buy...but if you want quality and safety, build it the way you want it..(but thats extra $$)
with the building..its who you know, permits, contacts and contracts...fun stuff if you have time on your hand and a great toleration for migraines...but I want to do the same..build my ideal home...so yea...gooooood luck
It would be a matter of land value vs. the improvements (the house). You have to buy the land, and it either has a house on it, or you have to build one.
Since there isn't much land for sale on Manhattan, you'll probably have to look elsewhere.
This site may be helpful in calculating the cost of building a home.
http://www.building-cost.net/
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