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We may have the opportunity to move to a new state in 2022. Looking at real estate in the area where we would move, nothing has us excited - and we're sick of living in suburbs - so we're considering buying land and building. We wouldn't be able to afford a true homestead, but could get at least 1-2 acres.

Has anyone here bought a plot and built a house before? Any pitfalls to look out for? Would you build again or buy in the future?

We may have the opportunity to move to a new state in 2022. Looking at real estate in the area where we would move, nothing has us excited - and we're sick of living in suburbs - so we're considering buying land and building. We wouldn't be able to afford a true homestead, but could get at least 1-2 acres. Has anyone here bought a plot and built a house before? Any pitfalls to look out for? Would you build again or buy in the future?

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[–] • 1 pt

This is 100 percent not true

[–] • 1 pt

So your argument is that home builders and people building or adding on to their own homes lose money on their investment. Ok.

[–] • 1 pt

It’s cheaper to buy a used house to a comparable new house

[–] • 1 pt

Where? Usually the two biggest factors in home price are the square feet and the number of bedrooms. I'd like to see somewhere with about 30 homes of similar size showing the selling price being correlated to the age of the home.