Home › Forums › Closed Forums › Properties or Areas › Should I build or buy? (NC inland)
- This topic has 160 replies, 10 voices, and was last updated 13 years, 11 months ago by faterikcartman.
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November 16, 2010 at 9:28 PM #632585November 30, 2010 at 10:05 PM #634294AnonymousGuest
permabear,
I felt inclined to write you and let you know that I have gone around the whole block on the topic. If you provide your phone number I can call to discuss.I am a licensed architect and real estate developer. I was looking for a similar purchase for my family and I learned a lot about what is available.
A few things:
1. There are some amazing old mid-century modern dwellings available, but they tend not to be where the best schools are. If the schools are wonderful, they tend to be in the coastal areas and remodels are tricky and expensive.
2. There are great land deals in places like Santaluz for example, but the design restrictions make it difficult but not impossible to build a modern dwelling.
3. The loans are very difficult to come by. You will likely need to increase your down. Either 25+% or at least 50% of the land cost, so it makes it a cash heavy proposal.
4. An extensive remodel might be the way to go, but you need to pick your project carefully.It could be amazing. Good Luck!
November 30, 2010 at 10:05 PM #634372AnonymousGuestpermabear,
I felt inclined to write you and let you know that I have gone around the whole block on the topic. If you provide your phone number I can call to discuss.I am a licensed architect and real estate developer. I was looking for a similar purchase for my family and I learned a lot about what is available.
A few things:
1. There are some amazing old mid-century modern dwellings available, but they tend not to be where the best schools are. If the schools are wonderful, they tend to be in the coastal areas and remodels are tricky and expensive.
2. There are great land deals in places like Santaluz for example, but the design restrictions make it difficult but not impossible to build a modern dwelling.
3. The loans are very difficult to come by. You will likely need to increase your down. Either 25+% or at least 50% of the land cost, so it makes it a cash heavy proposal.
4. An extensive remodel might be the way to go, but you need to pick your project carefully.It could be amazing. Good Luck!
November 30, 2010 at 10:05 PM #634948AnonymousGuestpermabear,
I felt inclined to write you and let you know that I have gone around the whole block on the topic. If you provide your phone number I can call to discuss.I am a licensed architect and real estate developer. I was looking for a similar purchase for my family and I learned a lot about what is available.
A few things:
1. There are some amazing old mid-century modern dwellings available, but they tend not to be where the best schools are. If the schools are wonderful, they tend to be in the coastal areas and remodels are tricky and expensive.
2. There are great land deals in places like Santaluz for example, but the design restrictions make it difficult but not impossible to build a modern dwelling.
3. The loans are very difficult to come by. You will likely need to increase your down. Either 25+% or at least 50% of the land cost, so it makes it a cash heavy proposal.
4. An extensive remodel might be the way to go, but you need to pick your project carefully.It could be amazing. Good Luck!
November 30, 2010 at 10:05 PM #635077AnonymousGuestpermabear,
I felt inclined to write you and let you know that I have gone around the whole block on the topic. If you provide your phone number I can call to discuss.I am a licensed architect and real estate developer. I was looking for a similar purchase for my family and I learned a lot about what is available.
A few things:
1. There are some amazing old mid-century modern dwellings available, but they tend not to be where the best schools are. If the schools are wonderful, they tend to be in the coastal areas and remodels are tricky and expensive.
2. There are great land deals in places like Santaluz for example, but the design restrictions make it difficult but not impossible to build a modern dwelling.
3. The loans are very difficult to come by. You will likely need to increase your down. Either 25+% or at least 50% of the land cost, so it makes it a cash heavy proposal.
4. An extensive remodel might be the way to go, but you need to pick your project carefully.It could be amazing. Good Luck!
November 30, 2010 at 10:05 PM #635394AnonymousGuestpermabear,
I felt inclined to write you and let you know that I have gone around the whole block on the topic. If you provide your phone number I can call to discuss.I am a licensed architect and real estate developer. I was looking for a similar purchase for my family and I learned a lot about what is available.
A few things:
1. There are some amazing old mid-century modern dwellings available, but they tend not to be where the best schools are. If the schools are wonderful, they tend to be in the coastal areas and remodels are tricky and expensive.
2. There are great land deals in places like Santaluz for example, but the design restrictions make it difficult but not impossible to build a modern dwelling.
3. The loans are very difficult to come by. You will likely need to increase your down. Either 25+% or at least 50% of the land cost, so it makes it a cash heavy proposal.
4. An extensive remodel might be the way to go, but you need to pick your project carefully.It could be amazing. Good Luck!
December 1, 2010 at 1:16 AM #634415faterikcartmanParticipantI would think it would take one hell of a lot of DIY to get “The Wedge” built for $450,000.
December 1, 2010 at 1:16 AM #634493faterikcartmanParticipantI would think it would take one hell of a lot of DIY to get “The Wedge” built for $450,000.
December 1, 2010 at 1:16 AM #635068faterikcartmanParticipantI would think it would take one hell of a lot of DIY to get “The Wedge” built for $450,000.
December 1, 2010 at 1:16 AM #635196faterikcartmanParticipantI would think it would take one hell of a lot of DIY to get “The Wedge” built for $450,000.
December 1, 2010 at 1:16 AM #635514faterikcartmanParticipantI would think it would take one hell of a lot of DIY to get “The Wedge” built for $450,000.
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