Marzena, Other/Just Looking in Mill Valley, CA

Does it make more sense to buy or build a family house (price wise) in Mill Valley, CA?

Asked by Marzena, Mill Valley, CA Thu May 12, 2011

4 bedroom in a sunny hill area

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From purely a price perspective, you will typically be better off building than buying an existing home. You will also have the advantages of having everything being new and specifically designed for your needs and desires. However, the lead time to move into your house will be at least a year. You will also need to make a lot of decisions regarding what you want. So if you have the time and desire to specify everything about your house, building can be a great answer. For more info visit our website with specific prices for homes newly built in Mill Valley and southern Marin following the link below.
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0 votes Thank Flag Link Sat Jun 9, 2012
You might consider buying an existent property and remodeling it before you move in. The FHA 203K will allow for simple or elaborate renovation of a property. The loan itself is far less expensive than construction financing and much easier to accomplish. I have written several articles on the program if you are interested in knowing more.
0 votes Thank Flag Link Wed Jun 29, 2011
There are so many unforeseen issues and costs in dealing with new construction, particularly in Mill Valley. Given that new construction in MV would have "hard" costs (materials and labor) of $350-400/sqft, depending on the size of home and topography, etc., and the "soft costs" (financing, interest, time, etc.) could add another $100-150/sqft, your total cost could end up being well over $500/sqft and take 6-12 months.

You can buy an existing house for $500-600/sqft right now. No aggravation; less hassles. Once you've got the house and lived in it for 6 months or so, think about the upgrades that you could do for only $150-200/sqft. In the end, you get more house, have less hassles and you sleep better at night.

Good luck!
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0 votes Thank Flag Link Thu Jun 23, 2011
There are three questions that you have to ask yourself: 1.) Can you afford to build it. 2.) How long do you intend to live there. 3.) Is there anything else that meets your wants and needs.
I would not recommend building if PRICE is your only consideration.
Especially considering the smorgasboard laid out before you.
You should visit some of the available properties and then make your decision.
0 votes Thank Flag Link Mon May 30, 2011

That all depends on the square footage, location, size and condition of the lot, number of levels, quality of finishes, etc... Do you have specific needs that are not readily found in existing properties or would be difficult to incorporate in a remodel? I need more specific information to provide an answer.

Oggi Kashi
Paragon Real Estate Group
CA DRE 01844627
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0 votes Thank Flag Link Mon May 30, 2011
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