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June 18, 2011 at 12:34 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705206June 18, 2011 at 12:34 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705358
bearishgurl
Participant[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.
Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.
Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.
BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]
AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!
Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.
AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?
June 18, 2011 at 12:34 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705719Participant[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.
Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.
Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.
BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]
AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!
Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.
AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?
June 18, 2011 at 12:23 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704513Participant[quote=AN]Why don’t you try to compare apple to apple. EVERYTHING that you can put inside a custom home, you can put in a tract home. EVERYTHING you can do to the exterior of a custom home, you can you to a tract home. What make you think tract home only use the cheap stuff? You can’t say it cost 2-5 time more to build a custom home vs a tract home, then go on and list the finishes and upgrades that make it more expensive. By that same logic, a tract home that use higher interior/exterior finishes will cost 2-5 more than a custom home. In essence, what you’re saying is, a house that have higher end materials will cost more to build. That has nothing to do with custom vs tract but higher end taste vs lower end taste.[/quote]
AN, you also need to factor in the cost of a possible architect, design work and engineering work. Once a spec builder or developer has adopted a particular floor plan for use and built ONE of a model, the other homes of the same plan can be built identical or facing the opposite direction and/or tweaked for different lots/elevations. MANY custom homes and complete remodels were designed by architects as a one-of-a-kind property. These “design & engineering” costs can add about $25K to $200K more to the cost of construction. High-end construction details such as cantilevers and high quality wood vaulted ceilings cost an extra $75K and up. No developer would use this level of finishes in a tract.
I saw the photos of Sky Ranch Crestview and they are very handsome inside. It seems the developer tried to replicate high-end custom finishes and did a very good job, especially for the price. But these finishes are actually of a lower-quality wood, the drywall finishes are sprayed on and some design elements are fake. Still, they “look” good.
Why don’t you call a drywaller and ask him how much it costs to do a hand-troweled “mission texture” on drywall or plaster walls in a 2500 sf house. Then ask him how much “mud” it will take to do this. Then you will know why developers take the “easy way out.” :=]
AN, a prudent owner wouldn’t install EVERYTHING they actually wanted in their home unless their lot, block and tract (if applicable) was WORTH it. If they AREN’T “worth it,” an owner would be wasting their money on all these “goodies.”
June 18, 2011 at 12:23 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #704606Participant[quote=AN]Why don’t you try to compare apple to apple. EVERYTHING that you can put inside a custom home, you can put in a tract home. EVERYTHING you can do to the exterior of a custom home, you can you to a tract home. What make you think tract home only use the cheap stuff? You can’t say it cost 2-5 time more to build a custom home vs a tract home, then go on and list the finishes and upgrades that make it more expensive. By that same logic, a tract home that use higher interior/exterior finishes will cost 2-5 more than a custom home. In essence, what you’re saying is, a house that have higher end materials will cost more to build. That has nothing to do with custom vs tract but higher end taste vs lower end taste.[/quote]
AN, you also need to factor in the cost of a possible architect, design work and engineering work. Once a spec builder or developer has adopted a particular floor plan for use and built ONE of a model, the other homes of the same plan can be built identical or facing the opposite direction and/or tweaked for different lots/elevations. MANY custom homes and complete remodels were designed by architects as a one-of-a-kind property. These “design & engineering” costs can add about $25K to $200K more to the cost of construction. High-end construction details such as cantilevers and high quality wood vaulted ceilings cost an extra $75K and up. No developer would use this level of finishes in a tract.
I saw the photos of Sky Ranch Crestview and they are very handsome inside. It seems the developer tried to replicate high-end custom finishes and did a very good job, especially for the price. But these finishes are actually of a lower-quality wood, the drywall finishes are sprayed on and some design elements are fake. Still, they “look” good.
Why don’t you call a drywaller and ask him how much it costs to do a hand-troweled “mission texture” on drywall or plaster walls in a 2500 sf house. Then ask him how much “mud” it will take to do this. Then you will know why developers take the “easy way out.” :=]
AN, a prudent owner wouldn’t install EVERYTHING they actually wanted in their home unless their lot, block and tract (if applicable) was WORTH it. If they AREN’T “worth it,” an owner would be wasting their money on all these “goodies.”
June 18, 2011 at 12:23 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705202Participant[quote=AN]Why don’t you try to compare apple to apple. EVERYTHING that you can put inside a custom home, you can put in a tract home. EVERYTHING you can do to the exterior of a custom home, you can you to a tract home. What make you think tract home only use the cheap stuff? You can’t say it cost 2-5 time more to build a custom home vs a tract home, then go on and list the finishes and upgrades that make it more expensive. By that same logic, a tract home that use higher interior/exterior finishes will cost 2-5 more than a custom home. In essence, what you’re saying is, a house that have higher end materials will cost more to build. That has nothing to do with custom vs tract but higher end taste vs lower end taste.[/quote]
AN, you also need to factor in the cost of a possible architect, design work and engineering work. Once a spec builder or developer has adopted a particular floor plan for use and built ONE of a model, the other homes of the same plan can be built identical or facing the opposite direction and/or tweaked for different lots/elevations. MANY custom homes and complete remodels were designed by architects as a one-of-a-kind property. These “design & engineering” costs can add about $25K to $200K more to the cost of construction. High-end construction details such as cantilevers and high quality wood vaulted ceilings cost an extra $75K and up. No developer would use this level of finishes in a tract.
I saw the photos of Sky Ranch Crestview and they are very handsome inside. It seems the developer tried to replicate high-end custom finishes and did a very good job, especially for the price. But these finishes are actually of a lower-quality wood, the drywall finishes are sprayed on and some design elements are fake. Still, they “look” good.
Why don’t you call a drywaller and ask him how much it costs to do a hand-troweled “mission texture” on drywall or plaster walls in a 2500 sf house. Then ask him how much “mud” it will take to do this. Then you will know why developers take the “easy way out.” :=]
AN, a prudent owner wouldn’t install EVERYTHING they actually wanted in their home unless their lot, block and tract (if applicable) was WORTH it. If they AREN’T “worth it,” an owner would be wasting their money on all these “goodies.”
June 18, 2011 at 12:23 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705353Participant[quote=AN]Why don’t you try to compare apple to apple. EVERYTHING that you can put inside a custom home, you can put in a tract home. EVERYTHING you can do to the exterior of a custom home, you can you to a tract home. What make you think tract home only use the cheap stuff? You can’t say it cost 2-5 time more to build a custom home vs a tract home, then go on and list the finishes and upgrades that make it more expensive. By that same logic, a tract home that use higher interior/exterior finishes will cost 2-5 more than a custom home. In essence, what you’re saying is, a house that have higher end materials will cost more to build. That has nothing to do with custom vs tract but higher end taste vs lower end taste.[/quote]
AN, you also need to factor in the cost of a possible architect, design work and engineering work. Once a spec builder or developer has adopted a particular floor plan for use and built ONE of a model, the other homes of the same plan can be built identical or facing the opposite direction and/or tweaked for different lots/elevations. MANY custom homes and complete remodels were designed by architects as a one-of-a-kind property. These “design & engineering” costs can add about $25K to $200K more to the cost of construction. High-end construction details such as cantilevers and high quality wood vaulted ceilings cost an extra $75K and up. No developer would use this level of finishes in a tract.
I saw the photos of Sky Ranch Crestview and they are very handsome inside. It seems the developer tried to replicate high-end custom finishes and did a very good job, especially for the price. But these finishes are actually of a lower-quality wood, the drywall finishes are sprayed on and some design elements are fake. Still, they “look” good.
Why don’t you call a drywaller and ask him how much it costs to do a hand-troweled “mission texture” on drywall or plaster walls in a 2500 sf house. Then ask him how much “mud” it will take to do this. Then you will know why developers take the “easy way out.” :=]
AN, a prudent owner wouldn’t install EVERYTHING they actually wanted in their home unless their lot, block and tract (if applicable) was WORTH it. If they AREN’T “worth it,” an owner would be wasting their money on all these “goodies.”
June 18, 2011 at 12:23 PM in reply to: It’s not all gloom and doom. “Silly” Valley values booming #705713Participant[quote=AN]Why don’t you try to compare apple to apple. EVERYTHING that you can put inside a custom home, you can put in a tract home. EVERYTHING you can do to the exterior of a custom home, you can you to a tract home. What make you think tract home only use the cheap stuff? You can’t say it cost 2-5 time more to build a custom home vs a tract home, then go on and list the finishes and upgrades that make it more expensive. By that same logic, a tract home that use higher interior/exterior finishes will cost 2-5 more than a custom home. In essence, what you’re saying is, a house that have higher end materials will cost more to build. That has nothing to do with custom vs tract but higher end taste vs lower end taste.[/quote]
AN, you also need to factor in the cost of a possible architect, design work and engineering work. Once a spec builder or developer has adopted a particular floor plan for use and built ONE of a model, the other homes of the same plan can be built identical or facing the opposite direction and/or tweaked for different lots/elevations. MANY custom homes and complete remodels were designed by architects as a one-of-a-kind property. These “design & engineering” costs can add about $25K to $200K more to the cost of construction. High-end construction details such as cantilevers and high quality wood vaulted ceilings cost an extra $75K and up. No developer would use this level of finishes in a tract.
I saw the photos of Sky Ranch Crestview and they are very handsome inside. It seems the developer tried to replicate high-end custom finishes and did a very good job, especially for the price. But these finishes are actually of a lower-quality wood, the drywall finishes are sprayed on and some design elements are fake. Still, they “look” good.
Why don’t you call a drywaller and ask him how much it costs to do a hand-troweled “mission texture” on drywall or plaster walls in a 2500 sf house. Then ask him how much “mud” it will take to do this. Then you will know why developers take the “easy way out.” :=]
AN, a prudent owner wouldn’t install EVERYTHING they actually wanted in their home unless their lot, block and tract (if applicable) was WORTH it. If they AREN’T “worth it,” an owner would be wasting their money on all these “goodies.”
Participant[quote=svelte][quote=walterwhite]if im so great, why didnt i do that for the other 2 kids?[/quote] . . .
Would love to meet you some day as your posts and take on life are the most interesting on this board…I can’t cleanly put you into personality type bins that I’ve developed over the years…[/quote]I can. I feel like I’ve known scaredy-cat Walter all my life :=}
Participant[quote=svelte][quote=walterwhite]if im so great, why didnt i do that for the other 2 kids?[/quote] . . .
Would love to meet you some day as your posts and take on life are the most interesting on this board…I can’t cleanly put you into personality type bins that I’ve developed over the years…[/quote]I can. I feel like I’ve known scaredy-cat Walter all my life :=}
Participant[quote=svelte][quote=walterwhite]if im so great, why didnt i do that for the other 2 kids?[/quote] . . .
Would love to meet you some day as your posts and take on life are the most interesting on this board…I can’t cleanly put you into personality type bins that I’ve developed over the years…[/quote]I can. I feel like I’ve known scaredy-cat Walter all my life :=}
Participant[quote=svelte][quote=walterwhite]if im so great, why didnt i do that for the other 2 kids?[/quote] . . .
Would love to meet you some day as your posts and take on life are the most interesting on this board…I can’t cleanly put you into personality type bins that I’ve developed over the years…[/quote]I can. I feel like I’ve known scaredy-cat Walter all my life :=}
Participant[quote=svelte][quote=walterwhite]if im so great, why didnt i do that for the other 2 kids?[/quote] . . .
Would love to meet you some day as your posts and take on life are the most interesting on this board…I can’t cleanly put you into personality type bins that I’ve developed over the years…[/quote]I can. I feel like I’ve known scaredy-cat Walter all my life :=}
Participant[quote=Rhett][quote=bearishgurl]
Well, beer . . . to crickets . . . have a swell time, Rhett![/quote]I probably will, because seeing a band the 15th time (give or take) is as good as the first. 58 year olds rock!!![/quote]
Yes, they do! ;=]
[quote]No beer, though – two of them would get me close to the cost of concert tickets, I suspect.[/quote]
Yes, they will! Just enjoy your own “tailgate” party before you go in :=]
[quote=Rhett]I wonder if there soon will be a Cricket Wireless Highway 125.[/quote]
The SR-125 doesn’t need a “sponsor.” It costs between $4 – $5 per vehicle JUST to travel from the SR-54 to the Otay border crossing (9 miles). This hwy is generating plenty of money!
Participant[quote=Rhett][quote=bearishgurl]
Well, beer . . . to crickets . . . have a swell time, Rhett![/quote]I probably will, because seeing a band the 15th time (give or take) is as good as the first. 58 year olds rock!!![/quote]
Yes, they do! ;=]
[quote]No beer, though – two of them would get me close to the cost of concert tickets, I suspect.[/quote]
Yes, they will! Just enjoy your own “tailgate” party before you go in :=]
[quote=Rhett]I wonder if there soon will be a Cricket Wireless Highway 125.[/quote]
The SR-125 doesn’t need a “sponsor.” It costs between $4 – $5 per vehicle JUST to travel from the SR-54 to the Otay border crossing (9 miles). This hwy is generating plenty of money!
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