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Old 08-11-2014, 03:20 PM
 
43 posts, read 102,681 times
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I keep hearing some mixed reviews from some friends so wanting to get feedback from others on here that may have gone through this before.

I am really loving Charlotte and think I will invest in buying a home here. We are currently renting a home in South Charlotte and tired of throwing all of that money into a black hole. The house we rent in is around 2,200 square feet and is in a new development in Steele Creek. Rent is $2k/month. I have been browsing the Homes For Sale guides and it seems anything with quality and large inside the 485 loop is quite expensive. Some of the homes I have been looking at in South Charlotte and some of the border areas of South Carolina can range anywhere from $230 - $300k. Some of which I can see will already need a lot of kitchen remodel or other work! Those that are cheaper and we could do a full remodel on do not look like they are in the best of neighborhoods.

I keep hearing that it's cheaper to buy an already built house or have a house built in one of these mass communities such as Standard Pacific, EastWay, etc. as they are mass produced and cheaper. However, I really do get the feeling that I can find a 1/2 acre or so of property somewhere on the outskirts of the metro and have a custom home built a lot cheaper. I also think building a house in South Carolina will end up costing a lot less in property taxes, etc. Is SC really that much cheaper than NC for property tax? I think getting a new ktichen from IKEA will also save lots of money and have a kitchen totally our way.

Anyone else go through these emotions before and did you end up building your own and it was cheaper? If so, who did you use and did you use your own floor plan design? I am not looking to buy/build a huge mansion. Something along the lines of 2 car garage, open floor plan, 3 bedroom, office, one level.
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Old 08-11-2014, 05:41 PM
 
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Old 08-11-2014, 08:39 PM
 
Location: livin' the good life
2,147 posts, read 3,662,704 times
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Building will cost you more. Trade offs SC vs NC, depends on your priorities. SC can be cheaper, we looked at neighborhood that straddled NC/SC border and SC homes were 10% cheaper. Taxes, gas, liquor cheaper in SC. Schools, and state college choice was deciding factor in our decision to build in South Charlotte area.
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Old 08-11-2014, 08:47 PM
 
2,090 posts, read 3,571,904 times
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I think you are wrong to assume you can find a 1/2 acre in outskirts and build on it a house (as described) for less than $250 (total cost).

In your case you'd be better off to buy a fixer-upper on the 1/2 acre in the outskirts (in a good area) for say about $200k and put money into it, in time, based on your budget...

Good luck!
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