Anyone out there in Massachussets that can give a ball park estimate on how
much it would cost to build a brand new 3 bedroom, 2 bathroom house (2/3
floors) on an acre of land (we already own) outside of Boston? There
currently is an old house on the property (2 floors, plus basement, 3
bedrooms, 1 bathroom), so we'd have to remove it, or work with it. It's kind
of a flight of fancy right now, but we have the property and might have
enough capital in a year or so to make significant renovations. Seeing as
buying a new house in the area can be anywhere from 200-400k, would building
a new house on land already owned cost much less than that? Otherwise, would
it be worth it to work on the existing structure? It is a pretty old house,
probably 70 years old, and although it is definitely livable, it could use a
lot of work. I know these things change from case to case and from state to
state, but a general idea would be helpful.

Thanks