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Enjoy McMansion Hell - http://mcmansionhell.com/ http://mcmansionhell.com/ I call BS on the single-story build rate > 40%. Finding my current home in 2015 - a
by squozzer 8y ago
Enjoy McMansion Hell - http://mcmansionhell.com/ http://mcmansionhell.com/
I call BS on the single-story build rate > 40%. Finding my current home in 2015 - a single-story - took a lot longer because they weren't that many on the market at a given time. Some were under contract in less than one day on the market! But I am confusing build rate with market availability.
The blame will fall on HGTV for some of the problem.
Another factor is profitability - a 2000 sqft house costs less than 2x to build than a 1000 sqft house, but within the same hypothetical neighborhood, will probably cost 2x or more because of the additional features that additional floor space makes possible.
- michaelbuckbee 8y agoAverages are always misleading - in this case I wonder if single story builds are weighted towards 50+ elder communities (they are in our area) which throws off the distribution.
- notacoward 8y ago"a 2000 sqft house costs less than 2x to build than a 1000 sqft house, but within the same hypothetical neighborhood, will probably cost 2x or more" That's certainly not true where I am. The lot is 75% or more of the total value. Even if the bigger house is 4x the value for 1.5x the build cost, that's still not 2x the total purchase price, and those are wildly optimistic numbers. I suspect the same is true in most high-cost neighborhoods. Building bigger nicer houses does improve the ROI somewhat, but that's like an optimization after picking the right lots in the right neighborhoods.