Are building and land prices falling? I would like to build a small sustainable house but land is high.

Asked by Megan, Amherst, MA Thu May 14, 2009

I would build in towns near Amherst by 15 miles.

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5
Ed and Margot…, Agent, Wayland, MA
Wed Jul 1, 2009
Megan,
We agree that land prices have fallen and we hear that building costs are down. Definitely investigate prefabs. BUT there is a reason that builders put large expensive homes on land they buy. That is the only way they can recover their costs in the land and site work, which can be considerable. If you want to put a small house on the land you purchase, be aware that you are going to lose money if you need to resell in the near future. Building a house is best not considered an investment to make a quick profit but a way to have your perfect home for many years to home.
0 votes
Kelli Cassidy, , 01950
Mon Jun 22, 2009
Hi Megan,

If you need help finding land please contact me, I have had several land closing in the past also I have my Ma builders license, I also hold my Green Designation for National Assoc. of Realtors. I hope I can be of value to you trying to build your substainable home!

Kelli Cassidy
RE/MAX Country Crossroads
978-979-2823
0 votes
Ken Lambert, , Exeter, NH
Thu May 28, 2009
Hello Megan- Land prices are certainly falling/ they are at their low I think. Contractors and tradesmen are pretty desperate, so yes- now is a good time to build a home in general.
Yes, the site selection is key, on many levels. Have you ever built a home before or had one built for you? Nevermind the sustainable angle of it. You might want to check into the zoning ordinances of whatever town and make sure they are OK with any "different" green things that you want to do. Do you have an architect?
I'm a former builder- if you have any questions or would like to chat, please let me know. I also lived in Amherst for 5 years. Thanks and good luck,

Ken L.
0 votes
John Shateri…, , Chicago, IL
Mon May 18, 2009
Site selection is one of the most important decisions you will make in building a sustainable house. So the question is, how much is high? Proper site selection could net you a quicker return on the investment in energy savings, when thinking that one site may be more expensive than another. I would have any house you design, modeled in the design process so as to help narrow your site selection. Best of luck!
0 votes
William Brok…, Agent, Jamaica Plain, MA
Thu May 14, 2009
I don't know about land prices but you should definitely check out http://www.rocioromero.com, http://www.claytonihouse.com/iHouseVirtualTour.cfm?flex1, and http://www.fabprefab.com.
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