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June 18, 2011 at 6:05 PM #705774June 19, 2011 at 12:41 AM #704667
an
Participant[quote=AN]It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.[/quote]
My initial $1.7M-$4.2M estimate was actually a little low. According to this sale: http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131, it should be more like $2M-$5M. $2M can get you this custom home in RSF: http://www.sdlookup.com/MLS-100070899-17791_Calle_Mayor_Rancho_Santa_Fe_CA_92067
http://www.sdlookup.com/MLS-110009933-18469_Via_Ambiente_Rancho_Santa_Fe_CA_92067
$5M can get you this: http://www.sdlookup.com/MLS-110005815-18011_Avenida_Alondra_Rancho_Santa_Fe_CA_92067June 19, 2011 at 12:41 AM #704759Participant[quote=AN]It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.[/quote]
My initial $1.7M-$4.2M estimate was actually a little low. According to this sale: http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131, it should be more like $2M-$5M. $2M can get you this custom home in RSF: http://www.sdlookup.com/MLS-100070899-17791_Calle_Mayor_Rancho_Santa_Fe_CA_92067
http://www.sdlookup.com/MLS-110009933-18469_Via_Ambiente_Rancho_Santa_Fe_CA_92067
$5M can get you this: http://www.sdlookup.com/MLS-110005815-18011_Avenida_Alondra_Rancho_Santa_Fe_CA_92067June 19, 2011 at 12:41 AM #705355Participant[quote=AN]It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.[/quote]
My initial $1.7M-$4.2M estimate was actually a little low. According to this sale: http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131, it should be more like $2M-$5M. $2M can get you this custom home in RSF: http://www.sdlookup.com/MLS-100070899-17791_Calle_Mayor_Rancho_Santa_Fe_CA_92067
http://www.sdlookup.com/MLS-110009933-18469_Via_Ambiente_Rancho_Santa_Fe_CA_92067
$5M can get you this: http://www.sdlookup.com/MLS-110005815-18011_Avenida_Alondra_Rancho_Santa_Fe_CA_92067June 19, 2011 at 12:41 AM #705507Participant[quote=AN]It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.[/quote]
My initial $1.7M-$4.2M estimate was actually a little low. According to this sale: http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131, it should be more like $2M-$5M. $2M can get you this custom home in RSF: http://www.sdlookup.com/MLS-100070899-17791_Calle_Mayor_Rancho_Santa_Fe_CA_92067
http://www.sdlookup.com/MLS-110009933-18469_Via_Ambiente_Rancho_Santa_Fe_CA_92067
$5M can get you this: http://www.sdlookup.com/MLS-110005815-18011_Avenida_Alondra_Rancho_Santa_Fe_CA_92067June 19, 2011 at 12:41 AM #705869Participant[quote=AN]It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.[/quote]
My initial $1.7M-$4.2M estimate was actually a little low. According to this sale: http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131, it should be more like $2M-$5M. $2M can get you this custom home in RSF: http://www.sdlookup.com/MLS-100070899-17791_Calle_Mayor_Rancho_Santa_Fe_CA_92067
http://www.sdlookup.com/MLS-110009933-18469_Via_Ambiente_Rancho_Santa_Fe_CA_92067
$5M can get you this: http://www.sdlookup.com/MLS-110005815-18011_Avenida_Alondra_Rancho_Santa_Fe_CA_92067June 19, 2011 at 1:51 AM #704672CA renter
Participant[quote=bearishgurl][quote=AN] . . . I don’t buy for one bit that it cost 2-5 times to build a custom homes vs a tract home. The cost of permit can’t possibly be that expensive.[/quote]
It’s not just the permit, AN. It’s the finishes and hardscape/landscape you will have to use in order to conform (and compete) with the immediate area. And the finishes you will use on the inside to conform with your individual taste and also area values.
Who in their right mind would go thru the “custom build” process in CA on an inferior lot? Owners could just get a “spec” builder to build one of their 5-6 “stock” plans on an inferior lot or a lot in a “working class” area. There is no need to go through this bureaucratic hell if the lot isn’t “worth it.”
I think Nor-LA-SD-GUY2 is correct in his assertion that it costs two to five times as much to build a (quality) custom home over a tract home. It all depends on WHERE it is being built.[/quote]
Not just that…a custom home builder doesn’t have the benefit of economies of scale that a tract builder does, so it will usually cost more to build a custom home.
Additionally, someone who builds a custom home designs them to live in, not profit from (assuming it’s a true custom, built for the owner, not a spec house). They are more likely to include features that really improve the quality and function of a home.
Personally, I prefer customs because they give buyers more options. If one doesn’t like the layout that most tract homes have, good luck getting something different in the area — and almost all new home builders seem to have similar layouts, which are totally dysfunctional, IMHO. The fit and finish of a custom home is often far superior to that of a tract. We would absolutely pay a premium for a custom home vs. a tract house.
June 19, 2011 at 1:51 AM #704764Participant[quote=bearishgurl][quote=AN] . . . I don’t buy for one bit that it cost 2-5 times to build a custom homes vs a tract home. The cost of permit can’t possibly be that expensive.[/quote]
It’s not just the permit, AN. It’s the finishes and hardscape/landscape you will have to use in order to conform (and compete) with the immediate area. And the finishes you will use on the inside to conform with your individual taste and also area values.
Who in their right mind would go thru the “custom build” process in CA on an inferior lot? Owners could just get a “spec” builder to build one of their 5-6 “stock” plans on an inferior lot or a lot in a “working class” area. There is no need to go through this bureaucratic hell if the lot isn’t “worth it.”
I think Nor-LA-SD-GUY2 is correct in his assertion that it costs two to five times as much to build a (quality) custom home over a tract home. It all depends on WHERE it is being built.[/quote]
Not just that…a custom home builder doesn’t have the benefit of economies of scale that a tract builder does, so it will usually cost more to build a custom home.
Additionally, someone who builds a custom home designs them to live in, not profit from (assuming it’s a true custom, built for the owner, not a spec house). They are more likely to include features that really improve the quality and function of a home.
Personally, I prefer customs because they give buyers more options. If one doesn’t like the layout that most tract homes have, good luck getting something different in the area — and almost all new home builders seem to have similar layouts, which are totally dysfunctional, IMHO. The fit and finish of a custom home is often far superior to that of a tract. We would absolutely pay a premium for a custom home vs. a tract house.
June 19, 2011 at 1:51 AM #705360Participant[quote=bearishgurl][quote=AN] . . . I don’t buy for one bit that it cost 2-5 times to build a custom homes vs a tract home. The cost of permit can’t possibly be that expensive.[/quote]
It’s not just the permit, AN. It’s the finishes and hardscape/landscape you will have to use in order to conform (and compete) with the immediate area. And the finishes you will use on the inside to conform with your individual taste and also area values.
Who in their right mind would go thru the “custom build” process in CA on an inferior lot? Owners could just get a “spec” builder to build one of their 5-6 “stock” plans on an inferior lot or a lot in a “working class” area. There is no need to go through this bureaucratic hell if the lot isn’t “worth it.”
I think Nor-LA-SD-GUY2 is correct in his assertion that it costs two to five times as much to build a (quality) custom home over a tract home. It all depends on WHERE it is being built.[/quote]
Not just that…a custom home builder doesn’t have the benefit of economies of scale that a tract builder does, so it will usually cost more to build a custom home.
Additionally, someone who builds a custom home designs them to live in, not profit from (assuming it’s a true custom, built for the owner, not a spec house). They are more likely to include features that really improve the quality and function of a home.
Personally, I prefer customs because they give buyers more options. If one doesn’t like the layout that most tract homes have, good luck getting something different in the area — and almost all new home builders seem to have similar layouts, which are totally dysfunctional, IMHO. The fit and finish of a custom home is often far superior to that of a tract. We would absolutely pay a premium for a custom home vs. a tract house.
June 19, 2011 at 1:51 AM #705512Participant[quote=bearishgurl][quote=AN] . . . I don’t buy for one bit that it cost 2-5 times to build a custom homes vs a tract home. The cost of permit can’t possibly be that expensive.[/quote]
It’s not just the permit, AN. It’s the finishes and hardscape/landscape you will have to use in order to conform (and compete) with the immediate area. And the finishes you will use on the inside to conform with your individual taste and also area values.
Who in their right mind would go thru the “custom build” process in CA on an inferior lot? Owners could just get a “spec” builder to build one of their 5-6 “stock” plans on an inferior lot or a lot in a “working class” area. There is no need to go through this bureaucratic hell if the lot isn’t “worth it.”
I think Nor-LA-SD-GUY2 is correct in his assertion that it costs two to five times as much to build a (quality) custom home over a tract home. It all depends on WHERE it is being built.[/quote]
Not just that…a custom home builder doesn’t have the benefit of economies of scale that a tract builder does, so it will usually cost more to build a custom home.
Additionally, someone who builds a custom home designs them to live in, not profit from (assuming it’s a true custom, built for the owner, not a spec house). They are more likely to include features that really improve the quality and function of a home.
Personally, I prefer customs because they give buyers more options. If one doesn’t like the layout that most tract homes have, good luck getting something different in the area — and almost all new home builders seem to have similar layouts, which are totally dysfunctional, IMHO. The fit and finish of a custom home is often far superior to that of a tract. We would absolutely pay a premium for a custom home vs. a tract house.
June 19, 2011 at 1:51 AM #705874Participant[quote=bearishgurl][quote=AN] . . . I don’t buy for one bit that it cost 2-5 times to build a custom homes vs a tract home. The cost of permit can’t possibly be that expensive.[/quote]
It’s not just the permit, AN. It’s the finishes and hardscape/landscape you will have to use in order to conform (and compete) with the immediate area. And the finishes you will use on the inside to conform with your individual taste and also area values.
Who in their right mind would go thru the “custom build” process in CA on an inferior lot? Owners could just get a “spec” builder to build one of their 5-6 “stock” plans on an inferior lot or a lot in a “working class” area. There is no need to go through this bureaucratic hell if the lot isn’t “worth it.”
I think Nor-LA-SD-GUY2 is correct in his assertion that it costs two to five times as much to build a (quality) custom home over a tract home. It all depends on WHERE it is being built.[/quote]
Not just that…a custom home builder doesn’t have the benefit of economies of scale that a tract builder does, so it will usually cost more to build a custom home.
Additionally, someone who builds a custom home designs them to live in, not profit from (assuming it’s a true custom, built for the owner, not a spec house). They are more likely to include features that really improve the quality and function of a home.
Personally, I prefer customs because they give buyers more options. If one doesn’t like the layout that most tract homes have, good luck getting something different in the area — and almost all new home builders seem to have similar layouts, which are totally dysfunctional, IMHO. The fit and finish of a custom home is often far superior to that of a tract. We would absolutely pay a premium for a custom home vs. a tract house.
June 19, 2011 at 2:00 AM #704677Participant[quote=AN][quote=bearishgurl]AN, here’s something we can agree on. That “bunch of lumber” can be plywood, “engineered wood,” or Brazilian hardwood and teak but you wouldn’t want to install the latter unless the property location and lot made it worth doing so. I’ve posted your phrase (above), “Everything else can be changed/customized” in all its variations countless times on this board but it doesn’t seem to have any effect on getting some Piggs to understand that “value” is all about location and nothing more, even if just a vacant lot.[/quote]
Not everyone do upgrades specifically for resale purposes. Some people do upgrades to enhance their living comfort and allow them to enjoy the materials/design. Just because it’s a tract house doesn’t mean one can’t put in high end upgrades, especially if it’s their forever home. Also, certain location appeal for to one and less for other. So, just because it’s less appealing to you doesn’t mean the owner of such house wouldn’t want to upgrade to their liking.[/quote]Very true, AN. Many owner/builders of custom homes don’t even think about resale. They are building their “dream home,” or some variation of it.
The reason Mr. CAR and I would like to build our own house is so that we can get a layout and style that are specific to our tastes. We plan on being wheeled out on gurneys from our next house, so resale value is not an issue.
June 19, 2011 at 2:00 AM #704769Participant[quote=AN][quote=bearishgurl]AN, here’s something we can agree on. That “bunch of lumber” can be plywood, “engineered wood,” or Brazilian hardwood and teak but you wouldn’t want to install the latter unless the property location and lot made it worth doing so. I’ve posted your phrase (above), “Everything else can be changed/customized” in all its variations countless times on this board but it doesn’t seem to have any effect on getting some Piggs to understand that “value” is all about location and nothing more, even if just a vacant lot.[/quote]
Not everyone do upgrades specifically for resale purposes. Some people do upgrades to enhance their living comfort and allow them to enjoy the materials/design. Just because it’s a tract house doesn’t mean one can’t put in high end upgrades, especially if it’s their forever home. Also, certain location appeal for to one and less for other. So, just because it’s less appealing to you doesn’t mean the owner of such house wouldn’t want to upgrade to their liking.[/quote]Very true, AN. Many owner/builders of custom homes don’t even think about resale. They are building their “dream home,” or some variation of it.
The reason Mr. CAR and I would like to build our own house is so that we can get a layout and style that are specific to our tastes. We plan on being wheeled out on gurneys from our next house, so resale value is not an issue.
June 19, 2011 at 2:00 AM #705366Participant[quote=AN][quote=bearishgurl]AN, here’s something we can agree on. That “bunch of lumber” can be plywood, “engineered wood,” or Brazilian hardwood and teak but you wouldn’t want to install the latter unless the property location and lot made it worth doing so. I’ve posted your phrase (above), “Everything else can be changed/customized” in all its variations countless times on this board but it doesn’t seem to have any effect on getting some Piggs to understand that “value” is all about location and nothing more, even if just a vacant lot.[/quote]
Not everyone do upgrades specifically for resale purposes. Some people do upgrades to enhance their living comfort and allow them to enjoy the materials/design. Just because it’s a tract house doesn’t mean one can’t put in high end upgrades, especially if it’s their forever home. Also, certain location appeal for to one and less for other. So, just because it’s less appealing to you doesn’t mean the owner of such house wouldn’t want to upgrade to their liking.[/quote]Very true, AN. Many owner/builders of custom homes don’t even think about resale. They are building their “dream home,” or some variation of it.
The reason Mr. CAR and I would like to build our own house is so that we can get a layout and style that are specific to our tastes. We plan on being wheeled out on gurneys from our next house, so resale value is not an issue.
June 19, 2011 at 2:00 AM #705517Participant[quote=AN][quote=bearishgurl]AN, here’s something we can agree on. That “bunch of lumber” can be plywood, “engineered wood,” or Brazilian hardwood and teak but you wouldn’t want to install the latter unless the property location and lot made it worth doing so. I’ve posted your phrase (above), “Everything else can be changed/customized” in all its variations countless times on this board but it doesn’t seem to have any effect on getting some Piggs to understand that “value” is all about location and nothing more, even if just a vacant lot.[/quote]
Not everyone do upgrades specifically for resale purposes. Some people do upgrades to enhance their living comfort and allow them to enjoy the materials/design. Just because it’s a tract house doesn’t mean one can’t put in high end upgrades, especially if it’s their forever home. Also, certain location appeal for to one and less for other. So, just because it’s less appealing to you doesn’t mean the owner of such house wouldn’t want to upgrade to their liking.[/quote]Very true, AN. Many owner/builders of custom homes don’t even think about resale. They are building their “dream home,” or some variation of it.
The reason Mr. CAR and I would like to build our own house is so that we can get a layout and style that are specific to our tastes. We plan on being wheeled out on gurneys from our next house, so resale value is not an issue.
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