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Started By
Message
2
Posted on 7/31/14 at 10:24 am to LigerFan
quote:
Pretty big house you got there. When we having sleepovers?
Posted on 7/31/14 at 10:30 am to LigerFan
quote:
Pretty big house you got there. When we having sleepovers?
My house? No it's my wife's house I just get to pay for the big bastard. I get a 400sq/ft garage that locks from the inside.
Posted on 7/31/14 at 10:35 am to BeerMoney
Looking into building a house soon also and I feel like it will be the same for me just from preliminary discussions with my wife.
Hope you like the new house though
Hope you like the new house though
This post was edited on 7/31/14 at 10:37 am
Posted on 7/31/14 at 11:11 am to man117
don't
Posted on 7/31/14 at 11:24 am to bobaftt1212
quote:
don't
best advice thus far.
Posted on 7/31/14 at 11:33 am to hungryone
quote:
$108/sf sounds seriously low end for Houma/Thib. Depending on whether you're on the north or south side of that area, you may fall into the higher wind zone ratings, and you may need upgraded windows, etc in order to meet code.
I don't know man, I shooting for around $110. My brother in law's new home was basically sold around $80 (excluding lot). It's not falling down yet
. So I'm just trying to find a happy medium between that and being house poor with Peruvian hardwood and imported French doors(I don't make oilfield money). 80-130+ is a big gap, I trying to find what's in between. Personally, I don't see the area supporting a lot of 350-360k houses unless it's oil money. quote:I will try to start down this path. We have already scratched a front porch and will probably just do a recessed entry.
Porches will run up the cost....as will large windows which might need to be storm rated. Careful planning can head off nasty surprises. I went through four different possible house plans (spec'd out down to the doorknobs) before I found one suitable for my area/budget/taste. Unless you're happy with a builder's cookie cutter french provincial lawyer-foyer square box, you're going to have to spend some time in the prep stages to get it right.
quote:This what I'm worried about. I plan to stay in the home for a long time, but if I had to sell, who knows what shape the area will be in. A lot of new expensive (for the area) homes are being built but I'm not trying to get caught up in that.
I also had an eye toward resale...so I went with a single story, wider doorways, and walk-in shower. It's suitable for older/mobility challenged folks (a growing segment of the population). Best advice is not to overbuild for your area. You never know what the future holds, and the cheaper houses in a neighborhood always move...while the overbuilt languish.
Posted on 7/31/14 at 11:38 am to BeerMoney
quote:
Advice on building a house?
quote:
don't
best advice thus far.
Maybe, but I need somewhere to stay. Tired of staying in an apartment with my wife and son. Can't enjoy my hobbby. I work from home so I need a real office. The transient nature of tenants is irritating and a safety concern. I want my son to go to school in a good district to avoid private school costs. Can't have birthday parties at my own house, want to wash my clothes when I want to, the list goes on....
I am ready for my quality of life to improve. This is a difficult task, but I'm trying to push through it. Lot is paid for and we're trying to build savings back up. I'm not trying to live paycheck to paycheck so that's exactly why I'm balking at building a $300k house.
This post was edited on 7/31/14 at 11:43 am
Posted on 7/31/14 at 11:49 am to man117
quote:
This what I'm worried about. I plan to stay in the home for a long time, but if I had to sell, who knows what shape the area will be in. A lot of new expensive (for the area) homes are being built but I'm not trying to get caught up in that.
Sounds like you're planning in the right direction. The two things I see that are unwisely skimped on: secondary bedroom size (10x 10is too damn small to house a kid and all of his/her crap) and closets. You can never have too many closets.
Surfaces (laminate, countertops, flooring) are replaced easily enough if you want to upgrade in 10 years. It's much harder to add a closet, enlarge rooms, etc. A thoughtful floor plan will increase your enjoyment much more than a custom ceramic shower.
Ppl also need to consider whether the en vogue "open floorplan" is the best for their lifestyle/family.
Posted on 7/31/14 at 12:10 pm to hungryone
quote:
The two things I see that are unwisely skimped on: secondary bedroom size (10x 10is too damn small to house a kid and all of his/her crap) and closets. You can never have too many closets.
I was probably going to make the 4th bedroom small
. But generally we're on the same page. I told one of the builders, I'm more concerned about a quality built nice size structure. I don't plan on upgrading to a bigger house 6-7 years down the road, but my family will be growing in that time frame. I can always go back and refinish if I want fancy fixtures or whatever.This post was edited on 7/31/14 at 12:12 pm
Posted on 7/31/14 at 12:14 pm to man117
I would say sell the lot and buy a house in a well developed neighborhood where the prices have been set by the market not by the builder... Best way to ensure that you aren't overpaying.
Posted on 7/31/14 at 12:29 pm to bobaftt1212
quote:
I would say sell the lot and buy a house in a well developed neighborhood where the prices have been set by the market not by the builder... Best way to ensure that you aren't overpaying.
The neighborhood is established I feel. I think some houses in the subdivision are as old as 15-20 years, all custom built homes. My concern is more about the local economy in general revolving around oil. Established neighborhoods is kinda why buying a house didn't work out. I only wanted to buy in a few select areas and couldn't find what I wanted. Also school district is a very big issue for me. I think the straw that broke the camels back was when a lady told me her asking price was only 3k over a recent appraisal (she was asking $131 ish sqft for a 1640 square foot trac home basically).
Posted on 7/31/14 at 1:54 pm to man117
quote:
Best way to ensure that you aren't overpaying.
I built, despite similarly equipped houses available in my market for slightly less per square foot. Why? B/C none "fit" our needs, which aren't for a split BR, family style floorplan. I didn't need a 4th BR, I wanted an additional garage bay for my wooden boat. I wanted a big indoor craft/laundry sink near an exterior door, plus a screened back porch and lots of natural light. Builder-grade houses in my price range & desired square footage were intended to sell to families w/kids. We have no kids, lots of hobby/craft/fishing stuff. So custom was the only route in our desired 'hood...sure, cheaper options were available, but why spend $250K on a pair of shoes that doesn't fit?
A year in, and it was well worth the (slight) per square foot premium we paid to build over buying.
Not worried about resale in the short term, will pay it off in 15 yrs or less but have a 30 yr mortgage just in case. Certainly, the numbers have to work for your situation, but having exactly the space we need in a new/working/organized home is like being on vacation every day.
Do you work at home often enough to take the home office deduction? If you have a dedicated space, this might help you out come tax time.
Posted on 7/31/14 at 2:55 pm to hungryone
quote:
Do you work at home often enough to take the home office deduction? If you have a dedicated space, this might help you out come tax time.
Everyday. How much is the deduction if you own the home?
Posted on 7/31/14 at 3:00 pm to man117
Appraisals are one of the most puzzling things in the world to me. How recent was that appraisal? But yeah no way I'm paying that much for a spec home.
Posted on 7/31/14 at 3:07 pm to BeerMoney
quote:
Appraisals are one of the most puzzling things in the world to me. How recent was that appraisal? But yeah no way I'm paying that much for a spec home.
This was around March I think. She was asking 216k and we literally saw the same exact house for 187k 2-3 days before that on the other side of town.
Posted on 7/31/14 at 3:12 pm to man117
quote:
Everyday. How much is the deduction if you own the home?
Here's the IRS pub on home offices: LINK
It can get a little complicated, and it requires that your home office be used exclusively for your business (ie, not a guest room/home office, as I understand it).
Posted on 7/31/14 at 3:14 pm to man117
We did a custom build a little over a year ago and Im still not sure how to explain the price per square foot we paid.
I designed the house myself and took the plans to 4 builders. Each one tweaked a few things such as adding closets, moving HVAC to different locations, etc, but only on suggested making changes to actually reduce the cost. That's the one we selected.
As for PPSF, I cant really give a specific answer. Our downstairs living are is 2800, we enclosed the attic over the garage and main portion of the home adding another 1200 (mainly because we needed to meet the 4000s/f min), throw in a 900s/f garage and 1010 s/f of porch/patio/outdoor area and that's a total of 5910. If I use that number, my PPSF looks great at $74, use only living (not bonus rooms) then I got screwed at $155.
I designed the house myself and took the plans to 4 builders. Each one tweaked a few things such as adding closets, moving HVAC to different locations, etc, but only on suggested making changes to actually reduce the cost. That's the one we selected.
As for PPSF, I cant really give a specific answer. Our downstairs living are is 2800, we enclosed the attic over the garage and main portion of the home adding another 1200 (mainly because we needed to meet the 4000s/f min), throw in a 900s/f garage and 1010 s/f of porch/patio/outdoor area and that's a total of 5910. If I use that number, my PPSF looks great at $74, use only living (not bonus rooms) then I got screwed at $155.
Posted on 7/31/14 at 3:22 pm to SippyCup
If you count the bonus stuff as living you're at $109 sqft and the ratio would be 67/33 which is close to the normal 70/30 split. So that puts you right around my range. Mind sharing some of your finishes/more detail? Obviously you built much bigger than I am so that should've helped you with pricing in terms of how well you could finish it.
Posted on 7/31/14 at 4:00 pm to man117
Don't mean to hijack the thread, but i think this is similar enough to discuss.
I'm in the same boat except that I'm look at doing a renovation/addition to my house.
How do builders charge for this? I was told by one builder that he estimates $120/SF for total affected area, so in my case if I wanted to tear out all of the interior walls of the existing house plus add on the the back of my house, then i'm looking at $120/SF for the final square footage? This sounds really high to me.
Any thoughts of how contractors charge for renovations/additions?
I'm in the same boat except that I'm look at doing a renovation/addition to my house.
How do builders charge for this? I was told by one builder that he estimates $120/SF for total affected area, so in my case if I wanted to tear out all of the interior walls of the existing house plus add on the the back of my house, then i'm looking at $120/SF for the final square footage? This sounds really high to me.
Any thoughts of how contractors charge for renovations/additions?
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