BovaJP
Senior Moderators
Staff Member
- Feb 15, 2013
- 1,261
- 1,332
oh man, that is the question....
A house and its land is now for sale across my inlaws (nope, my inlaws are SOLID good lol), and it would be a great opportunity to buy it and tear down the current house and build brand new. Its on a lot that just .97 acres (almost 1 acre), with the back facing up to some woods....so privacy is awesome. The house that is there now is broken down and not worth anything in my opinion.
OH man, this opportunity should would be great for us to have a house of our dreams (well pretty much lol). but we can build it for the long haul and to last well into our senior years (if we end up settling here after retirement, that is).
I'm looking into everything that you need to think of and everyone you have to pay LOL. Its a large undertaking, but definitely possible.
So hubs and i really need to look into what the future may/may not be.
FYI....our current house, we have upgraded everything in, and have made it livable with what we got. Have a lot of equity in it so we would get it back to put into the new house, so that is a plus.
Looked into costs of tearing down the house and ranges between 8-12,000. And who knows what all licenses we need to do that LOL.
That is another thing.... would imagine taxes would increase for that property given a bigger home on it. What is there now is 924 sq ft. And we would probably build something between 1500-2000 sq ft,
I'm pretty sure we can build a modest ranch home with enough room and a man cave somewhere for around $200k in our area (Midwest USA).
Lots to consider....but this puts us close to our aging parents, which is a concern for us.
Dang, decisions decisions.....
Oh if anyone knows info on what it takes to build, etc any tips, tricks. I'm just starting out and there is a lot to it, it get it. But i'm a list Queen.....i can handle it.
A house and its land is now for sale across my inlaws (nope, my inlaws are SOLID good lol), and it would be a great opportunity to buy it and tear down the current house and build brand new. Its on a lot that just .97 acres (almost 1 acre), with the back facing up to some woods....so privacy is awesome. The house that is there now is broken down and not worth anything in my opinion.
OH man, this opportunity should would be great for us to have a house of our dreams (well pretty much lol). but we can build it for the long haul and to last well into our senior years (if we end up settling here after retirement, that is).
I'm looking into everything that you need to think of and everyone you have to pay LOL. Its a large undertaking, but definitely possible.
So hubs and i really need to look into what the future may/may not be.
FYI....our current house, we have upgraded everything in, and have made it livable with what we got. Have a lot of equity in it so we would get it back to put into the new house, so that is a plus.
Looked into costs of tearing down the house and ranges between 8-12,000. And who knows what all licenses we need to do that LOL.
That is another thing.... would imagine taxes would increase for that property given a bigger home on it. What is there now is 924 sq ft. And we would probably build something between 1500-2000 sq ft,
I'm pretty sure we can build a modest ranch home with enough room and a man cave somewhere for around $200k in our area (Midwest USA).
Lots to consider....but this puts us close to our aging parents, which is a concern for us.
Dang, decisions decisions.....
Oh if anyone knows info on what it takes to build, etc any tips, tricks. I'm just starting out and there is a lot to it, it get it. But i'm a list Queen.....i can handle it.