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Started By
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re: I’m a Home Builder, Wanna Take A Survey?
Posted on 5/23/22 at 9:39 pm to RummelTiger
Posted on 5/23/22 at 9:39 pm to RummelTiger
quote:
No, one.
one kid and 3800 sqft cooled/heated.
You are not the average in this country, not by a very, very large margin.
1
Posted on 5/23/22 at 9:42 pm to T4
quote:
Can you afford to pay $2,200 per month for housing with 25% or less of your income?
Yes
Posted on 5/23/22 at 9:46 pm to Centinel
People are crazy with houses now. I've raised a family in a 2000+ sq. ft. house down to a sub-1000 sq. ft. apt. with pets. We never lacked for anything. Our favorite house of all was a 1600 sq. ft. house that we still didn't utilize all the space in. Our least favorite was the 2000+ sq. ft. home, the size of which I'll never buy again.
Posted on 5/23/22 at 9:47 pm to T4
$2,200 for 30 years @ 5.4% with a 20% down payment will get you a $416K home. At $150 a sq ft that home will be 2,773 Sq Ft.
Of course interest rate, term, down payment and $ per Sq Ft are all variables that will raise or lower the size of the house.
Of course interest rate, term, down payment and $ per Sq Ft are all variables that will raise or lower the size of the house.
Posted on 5/23/22 at 10:22 pm to stout
quote:this is what we have and it is fine. It does help that it was a custom build for a couple with no kids and not a small cookie cutter house.
1300 sf and it has been just fine for us.
Two master suites/one huge bathroom and a great room living/ dining/kitchen.
This post was edited on 5/23/22 at 10:29 pm
Posted on 5/23/22 at 10:31 pm to T4
mines at 27%... so id venture to guess close but no cigar....
Posted on 5/23/22 at 10:47 pm to AbitaFan08
He live in a condo im guessing
Posted on 5/23/22 at 11:19 pm to T4
You need something to hedge your bets. I would shift out of building houses and look into kitchen remodeling, building decks/screen porches, apartment/rental home maintenance, maybe fix up some older homes to rent out.
Posted on 5/23/22 at 11:28 pm to T4
You need to get your margins up in the 22% range. That’s what we target. I can’t imagine a 12-13% target.
Posted on 5/24/22 at 8:14 am to Centinel
quote:
Jesus christ. Where the hell do you live, and more importantly, why?
I live in Baton Rouge and $2600 is well below what we could be spending so why not have a bad arse house.
This post was edited on 5/24/22 at 8:25 am
Posted on 5/24/22 at 8:56 am to NeonSunburst
quote:
I was in Hernando a few weeks ago, fell in love with the town! Not sure if that's Desoto County.
Go a little more north, then to the east until you get to Germantown, TN (TN has no state income tax and Germantown is pretty much the anti-Memphis).
Posted on 5/24/22 at 10:39 am to AbitaFan08
quote:
Mind if I ask which neighborhood?
Shady Acres.
Posted on 5/24/22 at 11:06 am to T4
quote:
25% or less of your income?
That’s the key for me, so yes I could do it but would like a little less.
Posted on 5/24/22 at 11:07 am to T4
I’m a Home Builder, Wanna Take A Survey?
Nope
Nope
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