re: OT Homebuilders-Spec Home Markup

quote:

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So $150 materials and labor seems high.

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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.