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/diy/ - Do It Yourself

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1149892 No.1149892 [Reply] [Original]

When building a new house, what should you expect to pay for the lot vs. the house build? Is there a commonly assumed ratio, like 20%/80%?

>> No.1149895

>>1149892
Depends on how big the lot you want and the location.

>> No.1149903

Call it an urban area, maybe two city lots

>> No.1149907

>>1149903
what city?
location, location, location.

>> No.1149914

>>1149903
Toronto? Hundred thousand plus
Detroit? a couple dollars

>> No.1149956

Remember that over the long run, lot appreciates, house depreciates.

>> No.1150004

>>1149956
I've been trying to buy this lot behind my house for three years now but the fucks wont give it up, I've even gotten desperate and offered them triple market value.

>> No.1150006

>>1149892
all the value is in the lot.

houses are pretty much static in their cost because its a simple function of materials and labor. the land is what has wonky factors that are difficult to identify.

>> No.1150101

>>1150004
>desperate and offered them triple market value

Anon... I

This is how you take land from someone https://www.damninteresting.com/the-wrath-of-the-killdozer/

>> No.1150183

>>1150006
>all the value is in the lot.

Mostly agree -- land is much more highly variable in cost than the building you put on it. However, building prices do vary from place to place -- union labor, local labor shortages, and local building/zoning/code/general fucking with the contractor laws can all drive building prices up.

>> No.1151030

>>1149892
Too many variables.

Find a plan for a house you like, occasionally theyll have estimated construction costs, but that could vary by the 10s to 100s of thousands of dollars depending on who you hire and issues that you may run into and the overall complexity of the house itself.

And then the cost of the lot will greatly vary by size and location. Even within cities. A lot that shares a fence with a steel mill will cost a lot less than a lot that has lake access, for example.

And in the end, you could buy 100 acres of high value land then put a one room shack on it. You could also buy 3 city lots in the slums and squeeze a mini mansion on it.

There's no set ratio, like you're asking.