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Personal Finance (Not Investing) • 20 acres and a custom home- can we reasonably afford it?

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These days a custom home of a decent size and quality is basically a 7 figure proposition if you hire everything done. Don't be fooled by people bidding less or seeming to cost less on a sq foot basis, that will mean garbage quality construction. Real quality is expensive. In the long run its probably better to build a nice house that a buyer will keep, otherwise the resale value will be for a tear down rather than the home as well.

I wouldn't worry about spending on land, they can't make more of it and it will increase in value with time.

Statistics: Posted by rogue_economist — Sat Jun 22, 2024 11:45 pm — Replies 1 — Views 57



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