A person buys a piece of land, hires people to dig a foundation, pour a foundation, frame, plumb, run electrical, finish floors, walls and ceilings, insulate, side, and roof (I'm sure I missed something) for something less than $259,000
Downtown, someone buys a building, does not need to dig or pour a foundation, does not need to frame, roof, or side, yet manages to spend $500,000 on the same project repeated 44 times.
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5 comments:
How fahr away from is it from Whispah Drive?
Through the woods maybe one mile or two at the most. Great walk up by Camp Kinneywood then the power lines.
Via car 7 miles
What is wrong with this picture?
A person buys a piece of land, hires people to dig a foundation, pour a foundation, frame, plumb, run electrical, finish floors, walls and ceilings, insulate, side, and roof (I'm sure I missed something) for something less than $259,000
Downtown, someone buys a building, does not need to dig or pour a foundation, does not need to frame, roof, or side, yet manages to spend $500,000 on the same project repeated 44 times.
How big is the lot?
JSF,
It's always more expensive to rehab than build brand new. Especially older retail spaces being renovated into living spaces.
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