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| Name: |
noagenda
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| Subject: |
the market rules....
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Date:
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7/14/2006 2:29:17 PM
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I have noticed that several of the homes for sale on APCO lots in the PP area have reduced their prices. Just goes to show that what glitters is not always gold. The marketplace will always level the playing field. I think the message is LM will sell at the right price but the days of "flipping" and "spec" homes is being met with caution.
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| Name: |
Osms
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| Subject: |
the market rules....
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Date:
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7/14/2006 3:12:18 PM
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If you happened to see my post about a month ago--I looked at three or four of the homes and estimated the cost of construction at $150-200K depending on the lot work. Asking $460-550 for such is not smart in my book. But as the realtor's say, you always cut the price, but it sure is hard to raise the price.
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| Name: |
Feb
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| Subject: |
the market rules....
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Date:
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7/15/2006 12:44:44 AM
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I don't think you will find that true with deeded property. I still think leased property with a nice place will do well on the market, but i am no expert. Osms builing cost is probably very close, but as he states there are a lot of variables. How do you compute the sq. ft. building cost when there can be a significant difference in amenities? I know my building cost per sq. ft., and it is not fair to quote since the cost includes granite counters, extra island in kitchen with sink, back-up generator in basement, wrap around deck, screened in porch, portico on back door and etc. Those features to also include dormers as sky lights are figured into the sq. ft. cost. How do you compare that sq. ft. building cost with a less or more elaborate building plan with various amenities. There are many other things such as rock siding, fire places and tile roofing. Are you using a good quality window or are you using Anderson or another major name brand that can drastically raise the cost. Do you have to put in a sepic and how complicated. Do you have to drill a well. Do you have to run power poles, build a drive way, and the list goes on. You can easily take the sq. ft. building cost and add another fifty bucks per sq. ft. for certain upgrades like flooring, cabinets book cases, and exposed cealing beams. Anyone seen some of the Lake Homes with copper gutters and downspouts? Whow.
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| Name: |
Osms
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| Subject: |
FEB sounds like....
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Date:
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7/15/2006 8:11:47 AM
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a man building a house!! Ain't it fun. Better not put up copper gutters--somebody'll get em. My cost estimate were based on personally observing the amenities built into the houses. H*ll, two of them didn't even put gravel on the driveway, much less paving.
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| Name: |
noagenda
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| Subject: |
FEB sounds like....
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Date:
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7/15/2006 10:16:53 PM
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I agree with your comments, if they were applicable. The homes I am refering to have a few nicities but mostly basic stuff. Don't get me wrong, if they can get it fine. It would just make my place more valuable. I am just saying that I think that the pricing was getting somewhat aggressive. The fact that they are reducing the sales price reflects that . I am very bullish on LM. I just think some folks try to push the envelope to far.
R
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