Builders, cost per square foot?

[joey2665]

Originally Posted by Momofthreema

Thanks Everyone! I agree that it doesn't seem to make sense unless you have money to burn. If you need a mortgage, there's no way that the house would appraise high enough at those rates to pass the appraisal contingency.

It's too bad, because we like the lot. But, it seems like waiting for an existing re-sale is the way to go.

I really appreciate the discussion!

Again appraisal is about location. If the location warrants you can spend 300 per square but if it doesn’t you are correct you can overbuild for a neighborhood and not be able to get a mortgage.

Without us knowing the location you are considering it’s hard to give you an opinion based on your situation


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