Perhaps a silly question, husband and I are looking to buy a home in northern Dallas. Many of the options I am seeing online are for buildable plans. How accurate is pricing on their website? Is it extremely competitive the way buying a ready made home is? What pros/cons/considerations are there for those that have gone this route? Thanks :)

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The pricing on their website is the bare minimum price for a given floor plan, it does not include additional costs such as lot premiums, exterior selections, interior selections, and other upgrades etc. Depends on the area, but it’s more difficult to secure a desirable lot today than it was a year ago. You can’t simply walk-in and secure a lot any more, most big builders have waitlists and they’ll call you for an appointment when it’s your turn. Pros are you get to make selections to your liking if you’re willing to spend $$, and it’s a brand new house. Cons are you end up spending more, and build timelines are slow right now due to supply chain challenges.

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To add in here. We bought in 2019 so minimal price inflation, but those prices are bare bones, all level 1 options.

We put over 120k in options onto the house and could have spent a ton more. It adds up quick. Best advice is to set a number you want to pay all in, then take that and subtract 150k, that’s the base price you should target looking at.

8-10% of base for upgrades is a reasonable ball park, half for structural (adding rooms etc) and half for cosmetic (wood floors, fixtures etc)

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