Realtor Can Help with Building a Home

Carl, I am currently in the market to buy a house and I have talked with a few people and have found it to be in my best interest to have a house built. I want to make sure I get the best deal I can and just wanted to get your opinion.

The company can build me a 2000 sq. ft. house on 1/2 acre starting at $162,000. My concern is that it’s on a slab and not a crawl space.

This is obviously a very simple house with nothing for addons.

Does this sound like anything I should pursue?

I have been approved for $185,000 mortgage loan and I am trying to get as much as possible for my money.

Oh, this is my first house also!

Thanks,
Chris

Hi Chris,
What I would do if I were you is find a local Realtor familiar with the area and have the Realtor “pull up” comparable sales (comps) so that you can compare “apples with apples”. Then you’ll know if you are getting a “good deal” on the proposed house.

$162,000 for a 2,000 sq. ft. “simple” house, including land (lot) and land (lot) improvements sounds like a good deal in today’s housing market. You’ll know more with the Realtor’s comps.

Any “good” Realtor would be more than happy to do this for you, even if you are not really looking to buy a house through them. They know they have made a friend for life


Image courtesy of ConcreteNetwork.com

As for building on a slab foundation vs. a crawl space foundation; I built homes in SC for many years and personally, I would prefer a slab foundation in SC.

The soil will be either clay in the Piedmont region or sand in the coastal areas, both of which lend themselves to slab foundations.

A properly constructed slab foundation should not cause you to be concerned.
Hope this helps, Carl Heldmann (2015)

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