Is it cheaper to build a house on your own property or a buy a house that is already made(which is cheaper)?

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I just wanna know which one is cheaper and please give me extra details and websites i can visit!
By the way I am in high class i get a $ 275,000 yearly income.
I am just frustrated.

3 Comments
  1. Reply
    justthefactsplz
    June 26, 2011 at 8:18 am

    If you are doing the actual labor or can keep an eye on the work, it can be cheaper to build your own.

    However, sometimes it can be more expensive because there is more risk. For example, if a house is already built and has been around for a few years and has been proven to be sturdy, it can be safer to buy that house, because building a new house can have unexpected problems that can increase the potential costs.

    However, I knew one man that used logs to build a really awesome house by himself, with the help of a son. He saved a ton of money because he only paid the electricians and plumbers.

    If you are using professional homebuilders, make sure they are headquartered in your area and not far away. Even if the house seems reasonable, it can be poorly built.

    Of course, one of the cheapest things to do is to buy some land and place a pre-fabricated home there such as:

    http://pinebrooklogcabins.com/

    or just a mobile home.

  2. Reply
    jimbo
    June 26, 2011 at 9:13 am

    You reckon to earn $ 275.000.00 per annum, doing what may I ask. You certainly do not use your brain to do it. You can neither spell or use grammar in the most basic way..
    If you have that sort of annual income, I suggest you get professional advise.

  3. Reply
    Chris T
    June 26, 2011 at 10:06 am

    It depends quite a bit on what amenities and quality you are looking for.

    In general you will probably spend less by buying a preexisting home. You won’t have to worry about tying into the sewage system, you don’t have to worry about possible elevation issues or soil testing if you are dealing with an existing home.

    You may be able to have one built relatively inexpensively but miss out on quality details. Why don’t you visit with a real estate agent in your area to get ideas on what it would cost to buy existing versus what a custom builder would charge?

    Do your homework first and feel safe with your investment.

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