Guest Posted July 11, 2021 Share Posted July 11, 2021 on a new house? Say a $600,000.00 house. What do you think they make on that house? Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted July 11, 2021 Gold Member Share Posted July 11, 2021 20% 120k Quote Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2021 Share Posted July 11, 2021 If I had my life to do over, I would have tried to build and sell houses. Or, to start, buy, re-hab and sell houses. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 12, 2021 Share Posted July 12, 2021 Is Sandys for sale? 3 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted July 12, 2021 Share Posted July 12, 2021 1 hour ago, Polaris 550 said: on a new house? Say a $600,000.00 house. What do you think they make on that house? It’s not uptown a pantshitting blowhard to,decide other people’s profit margin Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted July 12, 2021 Share Posted July 12, 2021 3 minutes ago, Mainecat said: Is Sandys for sale? Suddenly you’re interested since hunter is starting a union? 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted July 12, 2021 Share Posted July 12, 2021 3 hours ago, Polaris 550 said: If I had my life to do over, I would have tried to build and sell houses. Or, to start, buy, re-hab and sell houses. The margins are better on remodels most years .unless you are in the top of the crop full custom builder. And a lot of those are cost plus. And a 600k house now days is junk that you still have plastic windows and lvp floors and only thing diff from the one next door is the roof over the garage and f door and color Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 12, 2021 Platinum Contributing Member Share Posted July 12, 2021 about 17% is the norm for northern mass , southern NH Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 12, 2021 Platinum Contributing Member Share Posted July 12, 2021 (edited) 14 hours ago, Polaris 550 said: If I had my life to do over, I would have tried to build and sell houses. Or, to start, buy, re-hab and sell houses. Something tells me your people skills were never suited for sales or dealing with unhappy customers.....or minorities. Edited July 12, 2021 by Highmark 2 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 12, 2021 Share Posted July 12, 2021 1 minute ago, Highmark said: Something tells me your people skills were never suited for sales or dealing with unhappy customers.....or for that fact minorities. I would not do the selling. I would just re-hab or build new, and let a agent deal with the selling part. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 12, 2021 Share Posted July 12, 2021 depends on who owns the land. if the builder develops the land he will make more, just the house 15-18% own the land you can make much more. Quote Link to comment Share on other sites More sharing options...
jdsky Posted July 12, 2021 Share Posted July 12, 2021 (edited) If you are not planning on selling it write off more profits. You will be lucky to make 10% on the entire project. You will either have employees, subcontractors or both that will fuck something up royally and flush profits down the drain. Add in unreasonable customers with impossible expectations and lower the profit margins even further. Add in the fact that hardly anyone is going into the trades and it's impossible to find good help which you have to have unless you enjoy carrying costs that eat up every bit of profit in the project if it takes too long. There is a reason a good builder/developer friend of mine switched over to just doing framing and finish work as a subcontractor for other builders/developers. He was building 3-4 custom homes per year. Edited July 12, 2021 by jdsky Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 12, 2021 Share Posted July 12, 2021 11 hours ago, Ez ryder said: The margins are better on remodels most years .unless you are in the top of the crop full custom builder. And a lot of those are cost plus. And a 600k house now days is junk that you still have plastic windows and lvp floors and only thing diff from the one next door is the roof over the garage and f door and color What is going to happen in 30 years when all these 4000 sq ft suburban cookie cutter mcmansions are severely outdated, need major repairs, and there is a foreclosure on every block? Values crash is what happens. Saw it with townhomes my wife owned when we first started dating. Quote Link to comment Share on other sites More sharing options...
Anler Posted July 12, 2021 Share Posted July 12, 2021 12%-20% Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted July 12, 2021 Share Posted July 12, 2021 2 hours ago, teamgreen02 said: What is going to happen in 30 years when all these 4000 sq ft suburban cookie cutter mcmansions are severely outdated, need major repairs, and there is a foreclosure on every block? Values crash is what happens. Saw it with townhomes my wife owned when we first started dating. 30 fuck I don't give the new 500k starter homes 10 until they start needing major repairs.. most are junk partial board cabs no dovetail joints on pullouts plastic showers not even set in a mud base. Plastic windows with mdf extention jambs and mdf trim and base hollow doors this is the norm now till you drop over 700k on new just sad 1 Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted July 12, 2021 Gold Member Share Posted July 12, 2021 6 minutes ago, Ez ryder said: 30 fuck I don't give the new 500k starter homes 10 until they start needing major repairs.. most are junk partial board cabs no dovetail joints on pullouts plastic showers not even set in a mud base. Plastic windows with mdf extention jambs and mdf trim and base hollow doors this is the norm now till you drop over 700k on new just sad That is highly dependent on your area. You can get a well upgraded house around here for a lot less than 700k Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 12, 2021 Share Posted July 12, 2021 5 minutes ago, 800renegaderider said: That is highly dependent on your area. You can get a well upgraded house around here for a lot less than 700k depends where in NH. builder grade at 700k over here. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted July 12, 2021 Gold Member Share Posted July 12, 2021 (edited) 22 minutes ago, Angry ginger said: depends where in NH. builder grade at 700k over here. True, I was referring to south western NH. Seacoast NH whole lot more money. Brother paid more for his preowned condo in newmarket than I paid for my new house out here. Edited July 12, 2021 by 800renegaderider Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 12, 2021 Share Posted July 12, 2021 40 minutes ago, 800renegaderider said: True, I was referring to south western NH. Seacoast NH whole lot more money. Brother paid more for his preowned condo in newmarket than I paid for my new house out here. i bought my first condo in 94 in Newmarket for 44k. they are now selling upper 200's. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 12, 2021 Platinum Contributing Member Share Posted July 12, 2021 MY first house was in Fitzwilliam. Was $79,900 and I framed it. The framing check was my downpayment. Quote Link to comment Share on other sites More sharing options...
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