Asked by Mroyal, Portland, OR • Mon Sep 22, 2008
We are thinking about building a house in Portland but are concerned that it would be way more expensive than buying or remodeling an existing home. We really want a large flat lot (.3 ac ) for our two kids, but all the houses we've seen on large lots in our price range ($500k) so far would be major remodeling projects. Is it worth the time and effort to build nowadays? What about the difficulty of getting a construction loan? We can pay up to 35% down in cash but would need to finance the rest. Also, if anyone can recommend a reputable (and solvent!) builder, I would really appreciate it!
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