Thursday, January 19, 2017

Why our potential clients buy an existing house

If you build it, they will ride by and ….

Hey, we love the custom home that you guys are building on Patricia Avenue. How much does a house like that cost?

The voice on the other end of the phone continued, we would prefer to build in the Harrisburg area on a half acre lot. Do you know if there are any lots available?

Sure. Regardless if the caller decided to build a custom home with Carbon Custom Homes, I feel it is always important to become a good listener and give sound advise. If you don't build with us, it is our goal to be a trusted adviser.   

Mam, we have two lots that we own right here in the Harrisburg Park community and there are a number of lots for sale out near the high school on Rocky River. It is a new community with six existing homes, all built last year.     

Those lots are closer to .35 to .42 in size, not quite a half acre, but you are still in the Harrisburg community.

Could you give me an idea on price range for that size house and land? No mam, we never throw out numbers around without looking at the floor plans and confirm spec sheet.

Really? Just give me an average. Please?

Keep in mind, custom home construction in our region averages $125-$160 per square foot based on condition of existing lot, spec sheet with product selection, such as full brick, flooring, and cabinetry.

So, with lot cost averaging $60,000 and you want to build a 2,800 to 3,000 square foot home, it is a good idea to keep a mental note for budgeting: $325,000 to $350,000.

Ok, thank you. I know we paid $223,000 for our 2,600 square foot home here in town. So, to pay $350,000 for something smaller is not going to work for us.

Completely understand.

Always remember, you get what you pay for and with that being said, existing home prices in our market vary from $72-200 per square foot depending on location and amenities.

We have built homes for $185,000 to $725,000. It depends on client's needs and wants and most of all, their budget.

You can always look at community home values here: http://findcompsnow.com/searchcomps/comps

Why build new? 
The benefit is you are designing your house. The floor plan is custom designed for your family's lifestyle and everything is new and picked by homeowner and our clients like those features.

Newer homes appreciate quicker in five years and our client's see that as a good investment. Superior safety codes and advanced technology is a plus too.

Anytime you want to research cost to build in this area, Google new home construction cost, time frame and process.

Interview builders, ask questions. 

We encourage it.

After all, it is your dream home.