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re: Advice on building a house?

Posted on 7/31/14 at 12:14 pm to
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1317 posts
Posted on 7/31/14 at 12:14 pm to
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 by man117
Los Angeles
Member since Jul 2009
674 posts
Posted on 7/31/14 at 12:29 pm to
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).
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