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Started By
Message
OT Homebuilders-Spec Home Markup
Posted on 3/30/15 at 9:30 pm
Posted on 3/30/15 at 9:30 pm
Home prices in the Mecca are outrageous. New construction is in the $179 a ft range. I believe completely in someone's ability to make a profit, but I just wonder how much of a markup is in a $179 a ft house. These are basic 2200 sq ft homes with nice amenities. I am just curious how much the builder has in them.
7
Posted on 3/30/15 at 9:35 pm to monroe71201
I received a bid yesterday for an add on bathroom that came out to roughly $300 sq ft. I said gtfo. Needless to say, now I'm looking for more bids on a add on and kitchen remodel.
Posted on 3/30/15 at 9:37 pm to monroe71201
All depends on how much the lot is
Posted on 3/30/15 at 9:41 pm to Birdie225
I am in the same boat. I have had builders come back with bids that are just over the top ridiculous. Apparently they are busy enough right now that they feel justified in raping potential clients. But that is OK because when this boom ends and they are hurting, I will be happy to frick them right back.
Posted on 3/30/15 at 9:55 pm to monroe71201
179 lol
I built mine for around a 100 few months ago.
I did general contracting though so that's 20-30% off top right there.
Still 179 is dumb and a ripoff.
I built mine for around a 100 few months ago.
I did general contracting though so that's 20-30% off top right there.
Still 179 is dumb and a ripoff.
This post was edited on 3/30/15 at 9:55 pm
Posted on 3/30/15 at 9:57 pm to TIGRLEE
nm
This post was edited on 3/30/15 at 10:02 pm
Posted on 3/30/15 at 9:58 pm to monroe71201
Way too many variables without more details and anyone telling you any different has no idea what they are talking about.
Posted on 3/30/15 at 9:59 pm to TIGRLEE
quote:
Still 179 is dumb and a ripoff.
He is including the lot price.
Posted on 3/30/15 at 10:05 pm to stout
Helpful piece of info
Didn't read that part
Didn't read that part
Posted on 3/30/15 at 10:50 pm to monroe71201
Since I talked to you last week, I'm now under contract on a new custom home for $135/ SF. I'm meeting the builder tomorrow to discuss the upgrades she wants. I'm realistically looking at $140/ SF, turnkey in Madisonville.
Posted on 3/30/15 at 10:59 pm to monroe71201
All the more reason interest rates need to increase. Filthy general contractors are making a killing right now by charging higher more for materials.
Posted on 3/30/15 at 11:05 pm to Rhino5
quote:
All the more reason interest rates need to increase. Filthy general contractors are making a killing right now by charging higher more for materials.
Why do you hate capitalism?
Posted on 3/30/15 at 11:08 pm to Rhino5
quote:
All the more reason interest rates need to increase. Filthy general contractors are making a killing right now by charging higher more for materials.
What good comes out of raising interest rates for anyone? This may be the stupidest shite I've ever read on the OT.
Posted on 3/30/15 at 11:11 pm to 4LSU2
Good luck on the project. 
Posted on 3/30/15 at 11:23 pm to VetteGuy
I emailed them a wish list this morning and never got a response. I think my email came off a little too assertive and they were fighting out how to cancel the contract. 
Posted on 3/30/15 at 11:25 pm to monroe71201
About tree fiddy
Posted on 3/30/15 at 11:30 pm to 4LSU2
Is that including the lot or no? I'm assuming no but just wondering. I'm about to start building a ~2700 sq ft under beam house and pretty sure it's gonna be about $135-$140 per square, not including the lot. The house will be nice but nothing crazy fancy. Still working on bids.
Posted on 3/31/15 at 8:03 am to Tigerstudent08
The $179 around here does include the lot, but a $70k lot on a 2500 sq ft home equates to about $28 a sq ft of the asking price. So $150 materials and labor seems high.
Posted on 3/31/15 at 8:32 am to jbgleason
Do you want to hear something crazy? Here in Knoxville the top spec builder is a local company. They are building around 300+ homes a year. They can build their typical home for right around $125,000 (ive seen the #s) . They sell it for $310,000. WTF?!?!?!?!?
Posted on 3/31/15 at 8:47 am to Birdie225
Is it a master bathroom? Post a pic of the add ons and I'll tell you if you're getting fricked.
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