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If you're new to the Raleigh area, it might be good to rent a nice house for a year and see how you like the area you want to build around.
I always wanted to live DT and rented a higher end condo for a year.... and turned out it wasn't for me. I'm so glad I didn't up and spend a lot of money on a property on not really bond with it.
The Raleigh area is pretty "close in". This is not like living downtown in a larger city like Atlanta.
You might find that living very close to DT might be overrated and expensive for what you get.
There are quite a few very high quality neigbohoods that are 15 min to DT and offer so much more for the price per SF.
To the pp about landfills, etc. if we built we'd like to do it in an environmentally conscious way, which could include recycling parts (or all if we remodel or add on) or donating the house or all usable parts. I'd rather not contribute to suburban sprawl by buying/building in a new development. Having lived in various cities for the past 12 years, I've gained an appreciation for population density in some areas to preserve as much green space as possible- hoping to do my part here. Ok I'll step down now
For a lot inside the beltline at that size you are looking at 400k and up in most cases. If the house is a tear-down and it's known from the start you may be able to get into 0.4 acres or so at 4-450k. For new build, on top of lot cost, higher end you are looking at 150-200 psf and more likely towards the 200sf. Dixon and Kirby who have done a lot of homes in Fallon Park (to compare types of build) will price around 200 psf and up....but they are considered high end in the area and you can get good quality for less.
The other biggie is financing. Banks prefer to lend when you've got the lot price/tear-down and build plans all in one. They aren't big fans when you come to them wanting to tear down but without plans/builder in tow.
Fair number of tear downs in North Hills....more in the Shelly Road area between Six Forks and North Hills Dr.
That's a good point. There's much more value for the money in that area. A 0.5 acre lot is not unheard of and it can be purchased for 150k-200k less than a similar lot ITB. The land is also much more flat than inside the beltline.
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