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#1
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Buy or Build?
We are thinking about changing the house. We have been looking in the area
we are interested and have not found the house we really like. Some of them we looked were close to what we want but there are some small thing in each that we did not like. Now we are investigating about building. Without having a lot yet, how can we find out if building a house cost about the same, a little more/less, or a lot more/less.? Whom should we talk to or what should we read for the estimate? Thanks |
#2
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Very good article in today's NYT - can't copy it cause it is
copyrighted - but it says essentially we are now at or near the top of the housing market boom and it resembles to .com boom of the 90's. IMHO when the bust comes house values will fall dramatically - cash will be king and if you can wait around a year - things could be interesting. I am building and will wait till this boom has gone bust - building materials and labor will be a lot cheaper and if you are good at haggling and have cash - you just might get a real bargain. When the bust happens will depend upon interest rates and that upon yada yada yada. |
#3
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"butch" wrote in message oups.com... Very good article in today's NYT - can't copy it cause it is copyrighted - but it says essentially we are now at or near the top of the housing market boom and it resembles to .com boom of the 90's. IMHO when the bust comes house values will fall dramatically - cash will be king and if you can wait around a year - things could be interesting. I am building and will wait till this boom has gone bust - building materials and labor will be a lot cheaper and if you are good at haggling and have cash - you just might get a real bargain. When the bust happens will depend upon interest rates and that upon yada yada yada. Thanks. I am the worst person in haggling and no cash. I have to sell my current house (paid off) and borrow the rest. I am estimating that our new house will cost twice as much as I get from the current one. |
#4
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"Ed" wrote in message ... We are thinking about changing the house. We have been looking in the area we are interested and have not found the house we really like. Some of them we looked were close to what we want but there are some small thing in each that we did not like. Now we are investigating about building. Without having a lot yet, how can we find out if building a house cost about the same, a little more/less, or a lot more/less.? Whom should we talk to or what should we read for the estimate? Thanks When we looked into the buy/build situation a few years ago, the book, "Houses are Designed by Geniuses and Built by Gorillas: An Insider's Guide to Designing and Building a Home" by Bob Johnson was a great resource. Figuring out the cost difference is the least of your problems. TKM |
#5
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TKM wrote:
When we looked into the buy/build situation a few years ago, the book, "Houses are Designed by Geniuses and Built by Gorillas: An Insider's Guide to Designing and Building a Home" by Bob Johnson was a great resource. I would modify that sentiment to: "Houses are designed by buffoons and built by greedy idiots." Despite decades past the Energy Crisis of the 1970s, the recommended R value in walls is still pitifully inadequate. Of course, that's due to the "Genius" of architects. Since windows are the major pathway for heat transfer, the "rule of thumb" is that more insulation is just wasted. No one thinks to install insulated shutters, to be used during temp extremes. Then it would make sense to match the ceiling R value. Then there's the Electrical code that mandates outlet placement based on outdated appliances and expectations, and discourages efficient design. Avoid OSB flooring. Use T&G plywood underlayment. Use screws, not nails, to install sheetrock (gypsum board). Beware penny pinchers that install crap doorsets, and other hardware, by less than skilled labor. Frankly, most "new" housing has a problem with planned obsolescence, maintenance and repair. Many folks discover that "20 year roofs" rarely last that long, but since the original warranty isn't transferred, the last owner is stuck paying. The widespread practice of building decks out of treated lumber and then leaving them rot for lack of protection from sun and climate is idiotic. The industry expends its efforts on cosmetics and style rather than substance. If it wasn't for the tax subsidy, housing prices wouldn't track as they do. If you do build, build with concrete, and avoid problems with termites, fire, wind, rot, vermin, small arms fire, etc., etc. Dry stacked surface bonded concrete block will do the job. http://www.thenaturalhome.com/passivesolar.html http://www.quikrete.com/diy/Restorin...onryWalls.html USDA brochure on surface bonding has the original recipe. The next cheapest wall is the concrete foam sandwich. Available in many types - SIPS, ICF, formless panels (shotcrete) http://www.thermapanel.net/ http://www.monotech.com/ http://www.blockmex.com.mx/blockmex/...ts/index-i.asp http://www.cempo.com/ Other sources of info: http://www.cement.org/homes/ http://www.aacpa.org/ And if you're into ferrocement: http://www.geocities.com/flyingconcrete/ |
#6
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On Sat, 26 Mar 2005 12:54:54 -0500, someone wrote:
I would modify that sentiment to: "Houses are designed by buffoons and built by greedy idiots." Somewhere, I hear a lone voice crying in the wilderness. Reply to NG only - this e.mail address goes to a kill file. |
#7
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"TKM" wrote in message ... "Ed" wrote in message ... We are thinking about changing the house. We have been looking in the area we are interested and have not found the house we really like. Some of them we looked were close to what we want but there are some small thing in each that we did not like. Now we are investigating about building. Without having a lot yet, how can we find out if building a house cost about the same, a little more/less, or a lot more/less.? Whom should we talk to or what should we read for the estimate? Thanks When we looked into the buy/build situation a few years ago, the book, "Houses are Designed by Geniuses and Built by Gorillas: An Insider's Guide to Designing and Building a Home" by Bob Johnson was a great resource. Figuring out the cost difference is the least of your problems. TKM Thanks. While I was looking for this book on Amazon, I saw "Your New House: The Alert Consumer's Guide to Buying and Building a Quality Home" by Alan and Denise Fields. I'll buy both books. Our other option is remodeling. My wife thinks the kitchen is small which I don't understand. We were a family of five and my yougest left us last August to start her college. Now there are just 2 of us. I think she just need a change to keep her mind off of her freshman baby. So, we are studying all 3 options of remodeling, buying, and building. I am for remodeling. Of course just talking about these options does a wonderful job of keeping her mind busy |
#8
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Thanks. While I was looking for this book on Amazon, I saw "Your New
House: The Alert Consumer's Guide to Buying and Building a Quality Home" by Alan and Denise Fields. I'll buy both books. Our other option is remodeling. My wife thinks the kitchen is small which I don't understand. We were a family of five and my yougest left us last August to start her college. Now there are just 2 of us. I think she just need a change to keep her mind off of her freshman baby. So, we are studying all 3 options of remodeling, buying, and building. I am for remodeling. Of course just talking about these options does a wonderful job of keeping her mind busy Along these lines, I was wondering how (average) people afford to build. Assuming that one is already paying rent/mortgage (cause you gotta live somewhere while your house is being built), how does one afford to buy land and pay for the new house?? My best guess right now is big savings account? --Jodi |
#9
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"Jodi" wrote in message ink.net... Thanks. While I was looking for this book on Amazon, I saw "Your New House: The Alert Consumer's Guide to Buying and Building a Quality Home" by Alan and Denise Fields. I'll buy both books. Our other option is remodeling. My wife thinks the kitchen is small which I don't understand. We were a family of five and my yougest left us last August to start her college. Now there are just 2 of us. I think she just need a change to keep her mind off of her freshman baby. So, we are studying all 3 options of remodeling, buying, and building. I am for remodeling. Of course just talking about these options does a wonderful job of keeping her mind busy Along these lines, I was wondering how (average) people afford to build. Assuming that one is already paying rent/mortgage (cause you gotta live somewhere while your house is being built), how does one afford to buy land and pay for the new house?? My best guess right now is big savings account? --Jodi Yes, or major equity in your existing house so you can borrow on that to buy the land and get the process started. TKM |
#10
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"Ed" wrote:
We are thinking about changing the house. We have been looking in the area we are interested and have not found the house we really like. Some of them we looked were close to what we want but there are some small thing in each that we did not like. Now we are investigating about building. Well, unless you're better than I, even a house you build will have "some small thing than you don't like". We built (well we paid a whole mess of folks to build it for us) our current place about 15 years ago, and extensively remodeled it a couple of years ago. And there are still a few things we don't like. Maybe on the next remodel... |
#11
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"Ed" wrote in message ... We are thinking about changing the house. We have been looking in the area we are interested and have not found the house we really like. Some of them we looked were close to what we want but there are some small thing in each that we did not like. Now we are investigating about building. Without having a lot yet, how can we find out if building a house cost about the same, a little more/less, or a lot more/less.? Whom should we talk to or what should we read for the estimate? Thanks We know a semi-retired builder (his grandson is in the same soccer team as my son) that does not build in the community we want to build. I am thinking if it's good idea to hire him as a consoultant to look over our contract and tell us what to look for and what to do from begining to the end without any builder we talk to knowing about this arrangement (I am sure many of then know him). Do you think it's a good idea? |
#12
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On Fri, 25 Mar 2005 18:58:28 -0600, "Ed" wrote:
We are thinking about changing the house. We have been looking in the area we are interested and have not found the house we really like. Some of them we looked were close to what we want but there are some small thing in each that we did not like. Now we are investigating about building. Without having a lot yet, how can we find out if building a house cost about the same, a little more/less, or a lot more/less.? Whom should we talk to or what should we read for the estimate? Thanks We have gone through that decision process many times during our marriage. We have built 3 new homes, and purchased used or a new spec home 7 times. It depends a lot on what you are looking for. Our current home was purchased used. It was 8 years old. My preference for a used home is not older than 5 years, but this one had a lot of features and the location we wanted. Something to consider in a new home is the added cost of all the things you have to do after you move in. You could easily spend $25,000 or $30,000 on landscaping, and $10,000 on window coverings. Just to get started. If you are considering building, I sure would not look at a used home more than 5 years old. Otherwise I think you will be disappointed when you compare the used against what you could have had if it were custom built. Dick |
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