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Re: Twin House

From: info@builderswebsource.com
Category: Other/Misc
Remote Name: 63.198.181.43
Date: 10 Aug 2001
Time: 11:21 PM

Comments

It wasn't clear from your message whether the $250K price excluded or included the land. Perhaps you could clarify what the total cost would be (land plus house) vs. the neighboring homes. Also compare the square footage. Without seeing the property and neighborhood first hand, we can only make some general comments.

First, there is always a risk in overbuilding for a neighborhood. Real estate values in some cities rise more than others, so the key here is to let time work for you. If you expect to live in the neighborhood for a long time and you like the school district (an important factor), then these factors play a critical role in your decision to build a home priced at the extreme top end of the market.

While this isn't usually a good idea from a pure investment standpoint, a home is also a place to live and enjoy. If it's the only area you can afford where there's a vacant lot, then we say, Build Your Dream!

You can do some things, however, to protect your investment. First, try to fit in with the architectural style of the neighborhood -- such as Victorian, or whatever it is. You don't want to stand out like a sore thumb. Next, focus on things that really matter, like a good foundation/basement, proper drainage, and attention to structural integrity. Finally, really check out the credentials and references of your builder. It sounds like you've found a good one, but don't take any chances with your money. Do the research, make sure you have everything in writing, put in clear performance and payment milestones in your contract, and don't overspend for the area.

We hope these tips help and good luck in your project.

Builders Websource

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