10 ms·
We're just going now through the process of building a new house. Land is around 10% of the overall budget (and this is a really sought after area in CA). We d
by funkaster 6y ago
We're just going now through the process of building a new house. Land is around 10% of the overall budget (and this is a really sought after area in CA).
We did a lot of research and we were initially thinking of prefab for our home, but we finally decided to go for full custom design. In the end, prefab can really make some costs more predictable, at the cost of some flexibility in the design. Cost-wise, it was almost the same (for our case) but construction would've been faster and more probably more controlled in terms of budget.
- alisonkisk 6y agoThis can't be true unless you are building a tall super fancy mansion with no yard space. The land for a SFH inna "sought after area" is at least $300K and probably much more.
- lotsofpulp 6y agoMy experience is 40%+ in high demand areas. Even in a low demand area, land cost is expected to be 20%+, and this was pre Covid. I imagine it’s much higher now. https://www.nahbclassic.org/generic.aspx?genericContentID=260013 https://www.nahbclassic.org/generic.aspx?genericContentID=26...
- funkaster 6y ago200k land (1 acre in Tahoe area), roughly below 2MM construction. 10% might be lowballing, prob it will end close to 15%.
- gassit 6y agoCan you provide some more details? 10% of the overall budget sounds incredibly low.