We got a call the other day from a guy looking for a builder. He said he heard about my dh on the internet. Since dh does NOT know how to use a computer and I barely do, I typed his name in on google. Well, the internet did show pictures of a cabin that he built for a couple back in 2003.
They are asking $188,000 for an 800 square foot cabin with no garage or basement for storage.
I e mailed the realtor, asking why the house was priced so high.
She mailed me back, saying that that is what the couple told her they had in the house. Since it was built by my husband, I know exactly how much they had in the cabin.
We built the cabin next door to it and sold it for $115,000. It was 1200 square feet with a walk in crawl space for storage.
We agreed to build this cabin for $64,000 or $80 a square foot. They bought the lot for about $20,000, so they have less than $90,000 in the house.
They are really wanting to make a killing on this cabin. The realtor said that since it was a (insert husbands name) built house, she assumed they were telling the truth! Now my husband is the best builder anywhere cause he does all the work himself, but he sure does NOT overcharge anyone.
They wanted to make $100,000 profit on this little cabin! We would never build for these people again.
What a liar!!
November 16th, 2010 at 10:08 pm
November 17th, 2010 at 03:48 am 1289965699
November 17th, 2010 at 04:14 am 1289967257
It is the same here. You can sell "a" house for whatever someone is willing to pay for it. It's called a profit. As you said, supply and demand. The most basic form of economics.
November 17th, 2010 at 02:22 pm 1290003768
You know me. I'm just exploring my options for some place to live.
I wouldn't sell it of course. I just want a place I can call home for the rest of my life. Also, having it built in Georgia would be fine by me.
What do you think? Would you mind asking your husband about it?
November 17th, 2010 at 08:13 pm 1290024816
BA, homes are running about $100 a square foot now, but costs can be cut some. We have inspections now (and only licensed builders), so plumbing, electrical and insulation must meet standard. That was the way most builders use to cut cost. My dh has always built by North Carolina code because you had to be licensed in N.C.
Your home can be as small as you like if the land you buy has no minimum. Dh even has a plan for a 535 sq. ft. house that he has always wanted to build. It is an A frame house with the bedroom upstairs.
November 18th, 2010 at 08:16 pm 1290111379
That's a pretty good bargain if I can live in it for the rest of my life (say 30 to 50 years?) It'd be great if it can also be built in NC as well....
Now if I can just come up with that kind of cash.... 500 or so square footage is perfectly fine by me!
Well, for now, I'm just wondering what my options are. Thanks again, Ima!
November 18th, 2010 at 10:15 pm 1290118521