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Have recently been getting estimates also...medium seems to be about $130-$150 per foot for decent quality, high end more custom amenities will bring you $175- $200 a foot.
So... what is the reason for this? Workers don't make much in NM, and the cost of materials can't be that high compared to TX or OK. Where does the expense and/or lack of competition come from? Is there a construction mafia in NM?
You got me. You can build a wonderful home in OK for 100 a square foot. If you do not want all the trimmings like tile, hardwood floors you can go less. Does materials cost more in NM.
Can't think of any reason why they would be. A lot of stuff (like cement, probably tile, etc) gets trucked up from Mexico, and we are closer than OK.
I know the building costs in rural IL are much lower also (usually way under $100 /sq ft)... and that is using labor that costs more than most NM labor. It isn't like NM has onerous regs that the builders have to comply with. I smell a rat.
This is the main reason that I never vote for Democrats. Taxes. This one is particularly onerous, and really reaches into the pockets of every entity, including the consumer. Construction firms pass this along in the form of materials costs, to the consumer. Businesses don't 'eat' these taxes, they never do. In the end, you, the consumer, are stuck footing the tab.
This is the main reason that I never vote for Democrats. Taxes. This one is particularly onerous, and really reaches into the pockets of every entity, including the consumer. Construction firms pass this along in the form of materials costs, to the consumer. Businesses don't 'eat' these taxes, they never do. In the end, you, the consumer, are stuck footing the tab.
This is the main reason that I never vote for Democrats. Taxes. This one is particularly onerous, and really reaches into the pockets of every entity, including the consumer. Construction firms pass this along in the form of materials costs, to the consumer. Businesses don't 'eat' these taxes, they never do. In the end, you, the consumer, are stuck footing the tab.
Businesses can only pass on what the market will bear. I would be willing to bet that the construction companies absorb some of the tax hit, especially in lean times.
Impact fees are implemented by local governments on a new or proposed development/construction to help assist or pay for a portion of the costs that the new development may cause with public services to the new development. Most obvious are roads, street lighting, electrical access, etc.
Businesses don't 'eat' these taxes, they never do. In the end, you, the consumer, are stuck footing the tab.
Hey, I pay gross-receipts tax. It functions very much like a sales tax, only it is not charged to the consumer directly. Either way it works out the same.
So... do people in other states have to pay a sales tax when they purchase a new house? If they don't, then that would account for 5-7%... but if they do, then there is no difference at all.
Still looking for what appears to be difference of 50% or more in construction cost...
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