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Old

Is building a house financially reasonable as a starter home?

Posted 01-12-2015 at 09:40 AM by Colombian_parce

Quote:
Originally Posted by brownbagg View Post
i built my house 1100 sq ft myself for $49,000. its very basic, no fancy, stock general over the shelf plans. it will never sell for over 100k. Now remember the $49k is materials only. I did all the labor. To get it build would of been another 50k

but by doing it myself i was able to pay out of pocket for material and no mortgage, so if you have it built it would add another 50k and then if you got a moorage it would add about another 100k over the life of the loan.
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Junior Member
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Views 310 Comments 0 Colombian_parce is offline
Old

Property taxes when building a house

Posted 01-05-2015 at 11:48 AM by Colombian_parce

Quote:
Originally Posted by BugManTPC View Post
Your taxes will be be based on comparable values, location and amenities. If your lot is on the water, a pool, lot size, fence, or any other upgrades.

Your keywords, "luxury home", SW Cape ( affluent area of the Cape), "top finishes".

These are all factors that will affect your taxable value.

For a 2500 sq foot, SW Cape home, non waterfront, approx. values are between 190,000 up to $340,000. Conversely taxes would be between 1400
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