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re: OT Homebuilders-Spec Home Markup
Posted on 3/31/15 at 8:03 am to Tigerstudent08
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 1:41 pm to monroe71201
quote:
So $150 materials and labor seems high.
There's way more to it than that when building specs. There are permits, closing cost, realtor fees (buying the lot and selling the home), cost of money like interest and loan fees, workers comp, GL, etc.
There's also the risk of building specs and the market tanking then you're hung out to dry. Been there, done that about 8 years ago.
You people make it entirely too cut and dry.
This post was edited on 3/31/15 at 4:10 pm
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