How crazy is it to build your own home? I’m sick of being overbid! I just want to buy land and build my home.

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Not crazy. Just not easy. You can get architectural plans simply enough, but the cost of things like lumber is through the roof right now. Plus when a developer is building dozens of houses, they get steep discounts on materials and labor.

So, it's doable. But it will likely not be a cost saving measure (depending in your location and type of preferred house).

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I can't even find contractors to do work on my existing house right now.

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$500/sf in my non hcol city

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Yup! Saw it in a local realtors Facebook group so fairly accurate

It’s not crazy but also not as simple. Finding land can be a challenge too. If you’re looking to live in an established neighborhood there aren’t many undeveloped lots sitting around. And if you decide to buy a really crummy house to knock down and build a new one, then you find yourself in the same position of being outbid by investors.

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Thank you all! I went to check out a piece of land which I thought was a “deal” since it had all the utilities: water, sewer, electricity on site, but of course it wasn’t as it was on a steep slope.

The agent said that it would cost us a million just to build the foundation and retaining walls. Ha!

I’m so sad!

There ya go! It's great in theory

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If you need any help financing either or any questions regarding construction or land purchases/financing please give me a call. 704-962-0912

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