Why do bigger houses have a lower cost per square foot?

 

When it comes to building a house, buying a house, or selling a house, people are going to look at the cost per square foot. In theory, it's an easy way to compare one house to another. It's like looking for the cost per ounce when deciding what size of mustard or mayonnaise to buy at the grocery store, right?

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Budgeting

Construction Loan Appraisal - Why don’t I get credit for things like spray foam insulation?

 

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Financing

Construction loans - How location will affect appraised value

 

If you've ever researched the real estate market or purchased a house, you're probably familiar with the three things most important in real estate: location, location, location. Location affects the price of homes, the number of homes available, and how quickly they sell.

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Financing

Construction Loans: How much will my payment be each month?

A great question most of my clients ask is, "How much will my monthly construction loan payment be?" They're trying to determine if they can afford to make that payment along with their regular house payment, whether that's a mortgage or rent payment.

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Financing, Budgeting

Construction loans - why does it take so long to get approved?

The construction loan process is often one of the most challenging aspects of building a home on your land. It can be a frustrating process, but understanding why it takes so long can help ease some of the frustration. Here are two main reasons it takes so long to get approved for a construction loan.

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Financing, Budgeting

Building on Your Land: Can I have my own contractors do some of the work?

So you're thinking about having a custom home built on your land and hiring a builder to do it, but you have a brother-in-law in the heat and air business who will give you a good deal on your heat and air. Can you hire the builder to do everything else but have your brother-in-law install the air conditioner and furnace?

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Budgeting, Building Process

Cost to Build a House: How much does it cost to bring electricity to the land you're going to build on?

Building a new house on your own land brings many challenges you don't face if you build in a subdivision. Of course, one of the main advantages of being on your land is that you're not 10 feet from your neighbor. But, that also means the electric company might not have had a need to provide electricity to your land before, so you'll have to arrange, and pay for, that privilege.

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Buying Land, Budgeting

Construction loan definitions - loan to value versus loan to cost

Getting a construction loan to build a house on your land might be the most intimidating part of building. And it's certainly one of the most confusing. Some lenders love to use industry jargon, which makes it even worse. I've been in the building industry for 18 years, and I still hear terms I hadn't heard before.

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Financing, Budgeting

Cost to Build a House: Why builders over-charge for change orders

ThinkstockPhotos-76800247.jpgOne simple reason home builders over-charge for change orders: poor planning. Here's why it happens and how to avoid it when building a custom home on your land or the builder's land.

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Budgeting, Building Process

House plans that can grow with your family

Working with families that home school, have lots of growing kids, or both, we've learned a lot about how those families live and grow, and how the house they live in either supports or stunts their growth. Here we'll share some lessons learned about building a house for future growth.

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Home Design

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