Merri Ann’s Real Estate Tips

Merri Ann Simonson is back with more real estate tips and information for you…

Merri Ann Simonson – Contributed photo

Custom Construction or Buy Existing and Remodel?

In the current market it is much more affordable to buy an existing home than it is to purchase new or custom construction.  Why is that? 

The costs of materials and labor did not correct as the housing and land prices did during the recession.  The agents that work with General Contractors were quoting estimates of $250-$350 per foot for mid-level new home construction costs before the recession and are now quoting $350-$400 in the current market.  This price per foot will afford some hardwood floors, custom cabinetry, granite and a high-end appliance package, if you spend wisely.

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Posted on December 16, 2019 at 5:46 am by

Categories: Business, People, Real Estate
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