MThuntr
Well-known member
I overpaid but got before the big bump with a low interest rate. I'm married to my place now...can't afford to move much anywhere besides bfe nebraska
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I’m in the same boat but the price premium was worth it for my family, even if we went underwater. Happy to be here.I overpaid but got before the big bump with a low interest rate. I'm married to my place now...can't afford to move much anywhere besides bfe nebraska
Don't forget well and septic. Everyone always seems to forget that one.Plus property. mtmuley
$200k for property, utilities, driveway, structure, doors, windows, finishes, mechanical, electrical, landscaping ... ready for occupancy?! You would not sell it for $1 million without all that and more, even without furniture furnishings. Your $200k cost selling for $1 million assertion seems highly doubtful.I can build you a house for $200,000, that you can quickly sell thereafter for $1,000,000.
It would a lot better on a 6 hour project not a 6 month one.I built a 2290 sq ft house for around 350-400 including the land I purchased for 60 when it was cheap and it’s worth 750-800. The land now would be around 150. And I did half the work (drywall/siding on) with my own two hands. And I have 20+ years dealing with other tradesman. I’m gonna build one a year going forward but the margins are a lot slimmer now. Houses around here have leveled off some. If you got capital, a little talent, 20%+ down, some reserves, good credit, can convince a bank you can do it, you can do it.
My 22 y/o daughter just bought her first home here in Broadwater county about 5 months ago. Sucks to travel to Bozeman or Helena but she got twice the house she could in Gallatin county. RD loan. No money down.
She wants to build houses with me. She has this “great” idea of building houses and selling for tight margins. She’s like if we do that, like why do we need to make 20/30/40% margins? We could do it for 10%. After a somewhat heated debate about economics and the world, and “rich” people, and politics, etc. I was like well ok so let’s just say we do this, sell them for below market value, what do you think the people that buy them are going to do with the money they make selling them at market value? Her hearts in the right place.
The business I manage in Montana don’t have any employees under 62,500 and most will be 70-90k with a little talent and motivation.
Or they just prefer not to think about that crap.Don't forget well and septic. Everyone always seems to forget that one.
Adds up quick.Or they just prefer not to think about that crap.
I was strictly framing for almost 9 years. I do everything.You’re a framer, right? There’s a lot more that goes into a house besides framing.
I was strictly framing for almost 9 years. I do everything.
Property obviously not included.
I said I could. Not some Joe Shmoe you hire off the yellow pages dude
I'll will too. mtmuleyI’ll pay you $300k for a house that I can sell for a million…
Especially if you don’t think about it. Wait, are we talking about the money or the ?Adds up quick.
Price gouger...I was gonna go 210k.I’ll pay you $300k for a house that I can sell for a million…
As you know, I’m a GC. I keep line item budgets in a spreadsheet for all my builds. I’m not saying you can’t make a lot of money, but your numbers are exaggerated.I was strictly framing for almost 9 years. I do everything.
Property obviously not included.
I said I could. Not some Joe Shmoe you hire off the yellow pages dude
Yes.Especially if you don’t think about it. Wait, are we talking about the money or the ?