Buildling a custom home outside of Ashville (Asheville, Weaverville: real estate market, how much)
Western North CarolinaThe Mountain Region including Asheville
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Can someone tell me if this is correct?? My friend is building a home in a development outside of Asheville - she was told the price of the custom home plans is about 4-6% of the price of the home (the home will cost around $500,000 to build - and that does not include the 'land'. Does this seem correct???
Can someone tell me if this is correct?? My friend is building a home in a development outside of Asheville - she was told the price of the custom home plans is about 4-6% of the price of the home (the home will cost around $500,000 to build - and that does not include the 'land'. Does this seem correct???
It all depends on several factors. (size, style, etc) It seems very expensive to me.
Can someone tell me if this is correct?? My friend is building a home in a development outside of Asheville - she was told the price of the custom home plans is about 4-6% of the price of the home (the home will cost around $500,000 to build - and that does not include the 'land'. Does this seem correct???
If it is being built in a development, normally the lot is chosen and included in the final price of the home. Custom home plans are expensive; and remember, this is a half million dollar custom home; I rather doubt the architect and builder are being dishonest. Expensive homes are "expensive"; however, if you are not the buyer, your question is second-hand information and should be answered to the buyer directly by a custom builder in this area.
If you are asking about architect fees, that would depend on the specific architect and their fee structure. Percentage of build is a very common fee structure but not the only one. 4% is the lowest I've heard for a build cost fee structure, but I'm no expert. Is that a licensed architect fee or a draftsman fee or a residential designer? Quite different although all can draw house plans. Some charge on a per sq ft basis, some on hourly work. There are different levels of drawings that can be offered as well. It can also vary greatly depending on how much involvement the homeowner wants from the architect after the plans are drawn. Do they want the architect to oversee the build? Some do, some don't.
If the lot has a slope, it can sometimes cost $70K just to get to the first floor above grade. Architects charge a lot more than 4% of total cost, try 8-12% and depending on the builder and what specs are stated a starting price would be $175 and top out at more than $350 per sq. ft., depending on what is chosen for the baths, kitchen and floor coverings, whether it is 2x6 framing, how the house is insulated from the basement to the attic.
Far better off buying used and spending ~$50K to redo the flooring, baths, kitchen, HVAC, etc.
Far better off buying used and spending ~$50K to redo the flooring, baths, kitchen, HVAC, etc.
Even though that's true, I get why people decide to build.
I've watched the real estate market where I live in North Georgia and the entire area around Asheville for years.
I rarely see inspiring houses on the market anywhere near Asheville. I don't understand why, but generally I see more taste in the houses where I am. This is a little strange because the towns are so much more developed around Asheville, you'd think it would be the other way around.
It seems like if the house is newer there, it's very generic and bland. If it is older, it needs a total remodel - not a small remodel. And let's not even talk about how much less you get for the money.
Asheville area has far more building and decor resources than we do, but you sure can't tell by the real estate listings. It's a mystery.
Can someone tell me if this is correct?? My friend is building a home in a development outside of Asheville - she was told the price of the custom home plans is about 4-6% of the price of the home (the home will cost around $500,000 to build - and that does not include the 'land'. Does this seem correct???
We're building in Weaverville right now and this doesn't seem too out of the ordinary. Allot of planned developments in the area require that you build through a small list of custom builders. When we were shopping around different communities around Asheville most of them seemed fit what your friend is telling you.
The home market around here is a bit odd to us (from Houston and Austin most recently). Allot of the pre-existing homes that were on the market that didn't require allot of work would tend to either be fairly small or above our 400k budget. We've done a 'fixer upper' home and while that worked out well for us in the end, we're about to start a family and don't want to have to deal with that. And with our desire for a planned community the list of options for new site builds without going above 500k the options we're limited. Still blows my mind how many communities around have lots that start at 150k plus then force you to build through a boutique (expensive) builder.
Even though that's true, I get why people decide to build.
I've watched the real estate market where I live in North Georgia and the entire area around Asheville for years.
I rarely see inspiring houses on the market anywhere near Asheville. I don't understand why, but generally I see more taste in the houses where I am. This is a little strange because the towns are so much more developed around Asheville, you'd think it would be the other way around.
It seems like if the house is newer there, it's very generic and bland. If it is older, it needs a total remodel - not a small remodel. And let's not even talk about how much less you get for the money.
Asheville area has far more building and decor resources than we do, but you sure can't tell by the real estate listings. It's a mystery.
Even though that's true, I get why people decide to build.
I've watched the real estate market where I live in North Georgia and the entire area around Asheville for years.
I rarely see inspiring houses on the market anywhere near Asheville. I don't understand why, but generally I see more taste in the houses where I am. This is a little strange because the towns are so much more developed around Asheville, you'd think it would be the other way around.
It seems like if the house is newer there, it's very generic and bland. If it is older, it needs a total remodel - not a small remodel. And let's not even talk about how much less you get for the money.
Asheville area has far more building and decor resources than we do, but you sure can't tell by the real estate listings. It's a mystery.
Wow, I thought it was just me. I'm glad I'm not alone in this perception.
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