Trouble in Paradise
ESDReturns
member
"Evolutionary game theorists...ignoring beebees on the nest since 2005"
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Has anyone ever built a house?
We are leaning towards building (maybe). There's some land by my dad that we really like. However, I'm not really sure how this would work. I'm pretty sure that financing land is really hard to do. Anyone have any tips?
"Evolutionary game theorists...ignoring beebees on the nest since 2005"
Re: Has anyone ever built a house?
Just make sure you build a house that would be worth the same amount of money as the surrounding houses. Sometimes we see people (I work for LG) build a new house in an old subdivision that has a higher worth/tax value than the surrounding houses. This makes it very difficult to resell for the price you paid plus land if you ever want to because of the potentially lower housing prices within the neighborhood.
Well the land we are looking at is varied. Like my dad's house and a few others are like $650k. Ours will not be worth anything near that lol. But then further down the street, there are houses that are probably $350ish like we are looking.
We don't plan on selling for a very, very long time (hopefully).
My parents did this multiple times (custom builds on their own lots). Back when XH and I built, we used one of those high-volume builders in suburbia - the purchase worked the same as a normal house. Doubt I'd do that again even though we had a good experience. From what I heard and saw, we were very lucky.
I remember my parents saying that they had to put up a lot of money at the beginning - they paid into a construction account. I'm not sure if that's still done. I don't know how they went about the purchase of the land, but I can ask my mom when I talk to her tonight.
Thanks.