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How Much Does It Cost To Build A 3 Bedroom Home All Locations : Nationwide Real Estate Advice

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Activity 169
Showing results for How Much Does It Cost To Build A 3 Bedroom Home [Clear search]
Sun Sep 4, 2016
Suzanne MacDowell answered:
Oh, I hope this is a law of attraction thing! Ok, I am game, I would want to live in Madison, Chatham or Morristown, New Jersey. I would want to live within walking distance to downtown, but not too close. I would want 4 bedrooms, one for me, one for guests and two to use as separate but adjoining offices for myself and my mate. I would prefer a historic home that has been updated to live up to modern standards, at least in the kitchen (you could leave the claw foot tub in the bathroom, though! Better than a Jacuzzi in my book!) And it would need to be bright and sunny, lots of windows and absolutely a wood burning fireplace and gleaming hardwood floors! Picket fence to keep the pets and grandkids corralled and surrounding a nice yard with either a patio, wrap around porch or an outdoor living area of some type and I would be in heaven! What is nmissing from today's properties, they all look the same! I miss the individualism and charm of older homes! What would it cost? Ooh, there's the rub! I would love it to cost only about $300K, but that really IS a pipe dream, especially in New Jersey! So, let's say, realistically, between $400 and $450K. And let's be sure we address those property taxes! If we could keep those around $3K - $4K per year, but I suppose that is just too much to ask for! ... more
0 votes 8 answers Share Flag
Fri May 4, 2012
answered:
Dear wife,
There are three new communities in Paseo del Sol. Manzanita had it's grand opening last week. Arroyo had their's yesterdy.Reserve is still in the infancy stages. You can read more about them on my blog.
Prices at Manzanita are in the mid $200 thousands and Arroyo in the mid $300 thousands. Reserve is rumored to be more expensive than those but its too early for prices.
I'm not a Realtor, but a lender, but make sure you take your Realtor with you on your first visit. You'll need someone to represent your interest throughout the process.
Good luck!
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0 votes 12 answers Share Flag
Tue Feb 17, 2015
Shawn Gibson answered:
Hello,

I'm currently working with several Canadian Investors and have 4 properties currently listed that k helped them buy. If you'd like my help please feel free to give me a call or shoot me an email. My contact information is below.

Thanks,

Shawn Gibson Realtor
Elite Premier Properties
Las Vegas, Nevada
(702) 806-6823
www.sgsellsvegas.com
sgsellsvegas@cox.net
... more
0 votes 11 answers Share Flag
Mon Oct 4, 2010
Don Kelbick answered:
20% certainly be easier. A couple of years down the road it might be easier for financing as well.

It also really depends on what you are buying. Today, financing for a condo, in general is very difficult. If you can find a lender who will finance a condo, they are asking for downpayments significantly higher that 20%. I am only aware of a couple of condos in all of South Florida that are FHA approved, where you can get a lower downpayment.

However, if you are looking for a house, there are many more programs where you can get an FHA, 5%, 10% financing.

I am a realtor and I am saying don't ask realtors for this answer. You search for a new home should start with financing. Call a Mortgage Broker, portfolio lender (Quicken Loans, Lincoln Financial, Lend America, etc.) or a traditional bank. Ask them your questions and see what they can provide for you.

You are in the middle of a perfect storm that could really provide you with great opportunities. Who knows if we will ever again have this combination of low prices and low fianance rates. Start with the money and then see what it will buy you.
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0 votes 11 answers Share Flag
Mon Jul 26, 2010
Scott Miller answered:
Hi Amber. With me, personally, it's formal. My buyer expects certain things from me and I expect certain things from him/her/them.

There is a buyer/broker agreement that you can ask your Realtor to review. It spells out everything the agent will do to find you your home, and it also states that you will be committed to that relationship for a certain period of time. MAKE SURE that you have chemistry with an agent before taking them on to work with you.

You do not pay them. We are paid by the sellers.

If your agent is active, savvy and knows the market in Nashville, this person has full access to every listing available. They will show you everything within your criteria and I promise you, you won't miss any home that's out there.

What you do NOT want to do is work with more than one agent. This is strictly taboo for real estate agents and will not be tolerated by most. Once I find out that someone's working with or has worked with multiple agents at one time in the past, I move on and will not work with those buyers. I don't care how much they want to spend, not interested.

Amber, buying a home is a process. Interview a few agents and go with the one that makes you feel best about what they can do for you. Ask them to see how many homes they've found for buyers in the past year. Ask for a reference, too!

GOOD LUCK TO YOU!

Scott Miller, Realty Associates, Boca Raton, FL
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0 votes 11 answers Share Flag
Thu Oct 28, 2010
Dan Chase answered:
Consider the site below. Maybe they know something I do not.
http://www.housingpredictor.com/california.html

The Silicon Valley is one of the places pulling out of the downturn with higher home prices and more sales. But a lack of inventory of lower priced distressed properties, including foreclosures should be aided in the second half of the year as lenders ramp up efforts to take back homes in default. San Jose home prices are forecast to inflate an average of 11.8% for the year. With some of the highest median prices in the country, nearby Los Gatos and Cupertino should edge out slightly better averages.


Houses built after about 2002 could have chinese drywall in them. The same is true for remodels done during that time.

Older houses are more likely to have less efficient furnaces and a/c. They may not be as well insulated.

Houses from the 70's back could have lead paint or asbestos in them.

Every piece of equipment has a finite lifespan. You may find an older house will soon need many repairs. The purchase price should reflect this.
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0 votes 9 answers Share Flag
Thu Nov 18, 2010
Gary Geer answered:
Amy,
Normally if buyers are not making an offer it indicates your price may be high for the area. Have your agent do an updated Comparable Market Analysis using just the sold similar properties in the past month to find out what price homes like yours are actually selling for. Sometimes buyers will look at the entire market and then only buy homes that are priced lowest. If a home is overpriced it may have showings, but it will only aid in selling the homes that are priced right for the current market. ... more
0 votes 68 answers Share Flag
Wed May 21, 2014
Virginiaseller answered:
P.S. I don't know where the Virginia Beach tag came from. We are selling in Arlington, VA
0 votes 19 answers Share Flag
Mon Jul 29, 2013
Jen Butel answered:
I am a Realtor in the neighborhood (I live in Granada Estates), and I would be happy to help you negotiate. This is a great neighborhood to call home. Give me a call or shoot me a private email and we can discuss the specifics. ... more
0 votes 7 answers Share Flag
Thu May 6, 2010
Mitchell Feldman answered:
Dear Lupe:

The first thing you should do is have a professional real estate agent who knows Brooklyn meet with you at your home and give you a formal education regarding buying and selling in today's market. You need to know how much your home can sell for, what types of expenses you will incur on both the sale and the buy and also what type of financing options are available to you with regard to your next purchase.

Once you know how much your home is worth you can prepare a budget and start looking at homes to purchase, at the same time you should put your home on the market and have potential buyers look at your property. By doing this you will have the greatest chance of pulling it off.

I have helped hundreds of homeowners do exactly what you are talking about and I would love the opportunity to help you. Please contact me and we can arrange to meet and I can give you tons of information and great advice that I know you will appreciate. There is no cost or obligation for this initial consultaion.

You want to do this as soon as possible if you want to take advantage of the $6,500.00 tax credit the government is offering to people just like you!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Cellular: (917) 805-0783
Email: MitchellSFeldman@aol.com
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0 votes 16 answers Share Flag
Fri Mar 12, 2010
Jeanne Feenick answered:
As an agent I offer out three names in any category when asked for referrals. I'm always happy to provide them but always remind my clients that they shoud - and need - to do their own due diligence. Agents provide recommendation as a courtesy. And so I do not think that there is an inherent risk to you - likely the agent's past clients have had positive experiences with the provider or she/he would likely not have suggested them.

But you should do your homework, check out the inspectors website, ask to see the type of report they produce, ask for references and talk to them.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service
Find sucess at www.feenick.com
... more
0 votes 63 answers Share Flag
Fri Apr 14, 2017
Michael Simonini answered:
I personally have not but have worked with home buyers who have. It is a great program for loan mods if you get approved. Some people's loans will be substantially reduced, and others may be lowered by less than $100/month. Everyone's situation is different but it is worth a try. If you are having trouble staying in your home you may want to consider a short sale if you want to save your credit. We have a Short Sale division at Showcase which specializes in that area if you are interested to learn more one day.


Michael Simonini
Broker/Short-Sale Specialist
Showcase Realty, LLC
315 Main Street, Suite 2
Pineville, NC 28134
Cell: 704-562-6303
Office: 704-889-5600
Fax: 704-625-2361
michael@showcaserealty.net
www.showcaserealty.us
www.charlottereobroker.com
www.shortsaleadvisors.us

If you know anyone that may be in a distressed situation with their home and faced with a potential foreclosure, have them contact me anytime (phone or email). We have a solution to help many homeowners.
... more
0 votes 106 answers Share Flag
Sun Dec 12, 2010
J. David Lampe answered:
If you want to stay in the city of Denver near downtown I'd recommend Washington Park, Cherry Creek, North Country Club, and Congress Park. Of course, if you want to live in the suburbs or farther from downtown, there are lots of great neighborhoods with lots of children. You can find neighborhood information including links to information on schools on my web site websavvyrealestate.com. Let me know if I can be of further assistance. ... more
0 votes 35 answers Share Flag
Mon May 12, 2014
Seth Chalnick answered:
It is negotiable, but the seller pays it, and the typical amount is 5 to 6%, split 50-50% between listing and buying agents. Hope this helps :)
0 votes 29 answers Share Flag
Sun Dec 5, 2010
Lynne Figman answered:
You need to find a broker (eg, me) who is willing to run around with you to open houses, showings etc. of apartments that you haven't seen on your own. A committed broker's buyer will be happy to work with you if they are confident that they will be able to find a place that you will like. ... more
0 votes 34 answers Share Flag
Fri Oct 7, 2016
Jennifer Daywalt answered:
Good Afternoon,

The first item you should take care of is securing a Buyer's Agent. It is so important to do so as they will look out for your best interest. The site agent only takes care of the builder and has no representation towards you at all. When securing a Buyer's Agent you want to be cautious. Some agents who represent the buyer on a New Construction Home simply go the first time to show they are representing the client and then go to settlement. You deserve better than that when being represented. I always go with my clients the first time, as well as when they go to agreement, I check all dates to be sure everything is being completed on time and I work closely with the mortgage company as well as the title company. All of this is very important to be sure you are going to have a smooth home buying process. If you have already looked at the New Construction Homes, and I am assuming you have due to the fact that you know which lots are available, and you did not bring a Buyer's Agent with you the situation can be more difficult. The builders make it known that if you do not have representation upon entering the model home (even if it is to just gather information) they will not allow a Buyer's Agent. You can handle this by calling the site agent ONCE you have a buyer's agent and state to them that you want a Buyer's agent and you want the builder to recognize this agent. Explain to them that you are VERY interested in purchasing a home in their community however feel you cannot do so without your buyer's agent present. Tell them that you did not understand that the agent had to be with you the first time and they may indeed allow you the representation. You do not pay the buyer's agent the builder does and this is why they have such a policy although with the recent housing market they have been more lienent with this situation. A buyer's agent will and should be available to answer any of your questions throughout the entire process.

As far as David Culter Group...I have not heard anything negative regarding these homes. This builder has remained strong and I would not have any problems stating that he is a good builder. If I can assist you please let me know. I am a Top Agent in Chester County with experience in Chester Springs and I'd be happy to assist.

Jennifer Daywalt, Realtor
Re/Max Results Realty - Collegeville
Top Agent 2004 2005, 2006, 2007, 2008
Author of "Ask The Realtor" Column in The Saturday Edition of The Phoenix Newspaper
Licensed since 2001 in PA
610-489-7355 Main Office
610-999-7693 Direct Line
Sellinghomesjenn@aol.com
... more
0 votes 25 answers Share Flag
Wed Jun 30, 2010
Cindy Estates answered:
Are you only looking at Sherman Oaks or would you consider North Valley. You can try Building and Safety at 818-374-4390 or Zoning Codes at 818-756-9462. There is a great property in North Valley if you don't mind going that direction. ... more
0 votes 6 answers Share Flag
Sat Sep 2, 2017
John Bennett answered:
Laura, don't push the limits.

Find you a good Loan broker and plan VERY carefully.

John
0 votes 94 answers Share Flag
Sun Jul 18, 2010
Ian A. Wolf answered:
Wow. A lot of good questions. Here;s the long and short of it. You really need to talk to a lender to understand accurate answers to most of your questions. A lender will be able to show you the dynamics of buying vs paying off your dept and how that will impact your monthly payments. If you need a recommendation, let me know. You also can put as little as 3.5 % down, so depending on loan programs etc. 20% down may not be necessary. Personally, as someone who owns multiple pieces of Real Estate I would suggest that now is an excellent time to buy real estate. The down markets are a great opportunity to capture future equity growth. I also believe single family homes tend to retain value better than a condo, however it will depend on location, demand, make up, and preference. I actually live in a townhome, because I like maintenance free living. However, I feel I have taken a bigger hit in value as opposed to single families in my area. Interest rates in general are quite good right now, but again your best route is to talk to a good lender. Hope that helps. ... more
0 votes 13 answers Share Flag
Fri Aug 11, 2017
Darcy Sledge answered:
My most recent experience is that they want the house in move-in condition. Many are hard-working buyers, grateful to still have a job, are working long hours, and have little spare time. The last thing they want to do, is to manage a project. Also, many buyers have heard too many horror stories from friends who got a quote for, say $10,000 and ended up spending $16,000. So they take a look at a house that needs work, and the dollars start adding up in their head. Houses that are freshly painted, with nice floors, are just that much easier for buyers, and they know exactly what they are getting with their money. BUT if the buyer has a relative in the contracting business, then they can get a great deal on a dated home. ... more
0 votes 88 answers Share Flag
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