That seems extremely reasonable and a wonderful solution to the tight inventory we are now facing.
Typically, we're talking about more expensive homes.
I think a buyer can spend $300,000 to much higher. Lots were going for as much as $55,000 out your way in 2008. My husband worked for a semi-custom builder who could build a dirt start home for $260,000. On the west side of Interstate 25, the market has a lot of range. There are million-dollar, lake-front homes that are custom. There are older properties that are less expensive.
If it is a custom home, I expect it will take much longer than something offered by DR Horton or Lennar. They probably complete a project in that five month time frame.
Huntington Properties, llc