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Totally. Double the cost of the house materials to get bathroom downstairs and a proper master bedroom/bath and make everything bigger. It's still less that $

Totally. Double the cost of the house materials to get bathroom downstairs and a proper master bedroom/bath and make everything bigger. It's still less that $100k. That's a lot of money left over for land, labor, air condition, electricity and all the rest. You couldn't touch that today, as evidence by the fact that most new builds under $500k aren't even remotely comparable.

hueving 10y ago
>new builds under $500k aren't even remotely comparable. Look beyond crowded cities and $400k will buy you an amazing house. The cost is mainly in the land.
zip1234 10y ago
With kit homes is you do all the labor yourself. If that is factored in, you can get a bit closer. Menards, which is a home improvement retailer in the midwest, sells kits for homes still. See here: https://www.menards.com/main/building-materials/books-building-plans/home-plans/shop-all-home-projects/c-9919.htm?Spec_ShopbyStyle_facet=Two+Story+Homes&ipp=24 https://www.menards.com/main/building-materials/books-buildi... $70k in materials for a 1700 sq foot home.
- warfangle 10y ago
  And almost all of those fall in the 5-7 range oen the hell-o-meter.
  - lscharen 10y ago
    Well, if you skipped the dormers, the Heathwood doesn't seem too terrible.
flubert 10y ago
Compare: $527k, 758 sq. ft. -- http://www.zillow.com/homedetails/611-Campbell-Ave-San-Francisco-CA-94134/15173700_zpid/ http://www.zillow.com/homedetails/611-Campbell-Ave-San-Franc... $489k, 996 sq. ft. -- http://www.zillow.com/homedetails/126-Dolphin-Ct-San-Francisco-CA-94124/15153107_zpid/ http://www.zillow.com/homedetails/126-Dolphin-Ct-San-Francis... $588k, 1112 sq. ft. -- http://www.zillow.com/homedetails/1101-Fitzgerald-Ave-San-Francisco-CA-94124/15154394_zpid/ http://www.zillow.com/homedetails/1101-Fitzgerald-Ave-San-Fr... $599k, 1284 sq. ft. -- http://www.zillow.com/homedetails/8831-Nestle-Ave-Northridge-CA-91325/20177980_zpid/ http://www.zillow.com/homedetails/8831-Nestle-Ave-Northridge... And contrast: $510k, 4500 sq. ft. -- http://www.zillow.com/homedetails/15320-Swan-Ct-Gulfport-MS-39503/81696625_zpid/ http://www.zillow.com/homedetails/15320-Swan-Ct-Gulfport-MS-... $500k, 5225 sq. ft. -- http://www.zillow.com/homedetails/4534-S-162nd-Ave-Omaha-NE-68135/75850398_zpid/ http://www.zillow.com/homedetails/4534-S-162nd-Ave-Omaha-NE-... $500k, 8200 sq. ft. -- http://www.zillow.com/homedetails/4417-S-Holmes-Ave-Idaho-Falls-ID-83404/94746271_zpid/ http://www.zillow.com/homedetails/4417-S-Holmes-Ave-Idaho-Fa... $565k, 5000 sq. ft. -- http://www.zillow.com/homedetails/1725-Burns-St-Detroit-MI-48214/2097166690_zpid/ http://www.zillow.com/homedetails/1725-Burns-St-Detroit-MI-4...
- acveilleux 10y ago
  Exactly, the it's the Land, not the structure. If the land is practically worthless, there's a ton of money left over to build on it. The most telling in the prices you posted is that 758 sq. ft. house for 527k: > Last sold: Jan 1973 for $25,000 That's $135,939.19 inflation adjusted to 2016 dollars. Where'd the remaining $390k of value come from (assuming house is in same relative shape.)

hueving 10y ago

>new builds under $500k aren't even remotely comparable. Look beyond crowded cities and $400k will buy you an amazing house. The cost is mainly in the land.

zip1234 10y ago

With kit homes is you do all the labor yourself. If that is factored in, you can get a bit closer. Menards, which is a home improvement retailer in the midwest, sells kits for homes still. See here: https://www.menards.com/main/building-materials/books-building-plans/home-plans/shop-all-home-projects/c-9919.htm?Spec_ShopbyStyle_facet=Two+Story+Homes&ipp=24 https://www.menards.com/main/building-materials/books-buildi... $70k in materials for a 1700 sq foot home.

warfangle 10y ago
And almost all of those fall in the 5-7 range oen the hell-o-meter.
- lscharen 10y ago
  Well, if you skipped the dormers, the Heathwood doesn't seem too terrible.

flubert 10y ago

Compare: $527k, 758 sq. ft. -- http://www.zillow.com/homedetails/611-Campbell-Ave-San-Francisco-CA-94134/15173700_zpid/ http://www.zillow.com/homedetails/611-Campbell-Ave-San-Franc... $489k, 996 sq. ft. -- http://www.zillow.com/homedetails/126-Dolphin-Ct-San-Francisco-CA-94124/15153107_zpid/ http://www.zillow.com/homedetails/126-Dolphin-Ct-San-Francis... $588k, 1112 sq. ft. -- http://www.zillow.com/homedetails/1101-Fitzgerald-Ave-San-Francisco-CA-94124/15154394_zpid/ http://www.zillow.com/homedetails/1101-Fitzgerald-Ave-San-Fr... $599k, 1284 sq. ft. -- http://www.zillow.com/homedetails/8831-Nestle-Ave-Northridge-CA-91325/20177980_zpid/ http://www.zillow.com/homedetails/8831-Nestle-Ave-Northridge... And contrast: $510k, 4500 sq. ft. -- http://www.zillow.com/homedetails/15320-Swan-Ct-Gulfport-MS-39503/81696625_zpid/ http://www.zillow.com/homedetails/15320-Swan-Ct-Gulfport-MS-... $500k, 5225 sq. ft. -- http://www.zillow.com/homedetails/4534-S-162nd-Ave-Omaha-NE-68135/75850398_zpid/ http://www.zillow.com/homedetails/4534-S-162nd-Ave-Omaha-NE-... $500k, 8200 sq. ft. -- http://www.zillow.com/homedetails/4417-S-Holmes-Ave-Idaho-Falls-ID-83404/94746271_zpid/ http://www.zillow.com/homedetails/4417-S-Holmes-Ave-Idaho-Fa... $565k, 5000 sq. ft. -- http://www.zillow.com/homedetails/1725-Burns-St-Detroit-MI-48214/2097166690_zpid/ http://www.zillow.com/homedetails/1725-Burns-St-Detroit-MI-4...

acveilleux 10y ago
Exactly, the it's the Land, not the structure. If the land is practically worthless, there's a ton of money left over to build on it. The most telling in the prices you posted is that 758 sq. ft. house for 527k: > Last sold: Jan 1973 for $25,000 That's $135,939.19 inflation adjusted to 2016 dollars. Where'd the remaining $390k of value come from (assuming house is in same relative shape.)