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Author Topic: Should I buy a plot or built house?  (Read 7648 times)

homesteadroad

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Should I buy a plot or built house?
« on: October 03, 2016, 04:12:26 AM »
Which one will the best and profitable option.

Offline Gold River

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Re: Should I buy a plot or built house?
« Reply #1 on: October 05, 2016, 05:26:51 PM »
Hi,

    You mean buy a burial plot?   :flush

I don't think their any profit for you in death? Maybe for your heirs?

Your not talking about building a crypt are you?

Plot? House?


                    GR

Offline Bluemoon06

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Re: Should I buy a plot or built house?
« Reply #2 on: October 10, 2016, 04:06:21 PM »
The cheapest you can build a house for is the cost of the land and cost of the materials that went into the house.  You can buy a house for less than the land and materials cost.  For example if it costs $10k to buy a lot and $80k in materials you have a house that has $90k in it.  Lowe's is not going to give you the materials any cheaper than what they cost.  But if you find a person that bought that house for $80k paid on the mortgage until it has a balance of $20k and they want to sell the house for what they have in the house you can give them $20k to go away.  You have just bought a house for less than the materials that make it up.
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homesteadroad

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Re: Should I buy a plot or built house?
« Reply #3 on: November 02, 2016, 12:45:32 AM »
The cheapest you can build a house for is the cost of the land and cost of the materials that went into the house.  You can buy a house for less than the land and materials cost.  For example if it costs $10k to buy a lot and $80k in materials you have a house that has $90k in it.  Lowe's is not going to give you the materials any cheaper than what they cost.  But if you find a person that bought that house for $80k paid on the mortgage until it has a balance of $20k and they want to sell the house for what they have in the house you can give them $20k to go away.  You have just bought a house for less than the materials that make it up.

Exactly, i think nowadays nobody has time to buy a plot and build a house.

 




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