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Is it cheaper to build a house than to buy a pre-exisiting or pre-build one from someone else?

Asked by Dutchess_III (46831points) October 8th, 2011

We’ve put earnest money down on 5 acres with a pond. We need to put a house on it, so regardless, we’re going to build. I’m just wondering if it’s going to be less expensive, actually, to build one than to buy one. I’m hoping, anyway. Cause it’s stressing me out! Money always does!

My husband is a plumbing expert. My son knows construction. I think we could build 90% of it literally ourselves. We’d want to bring in an electrician (although my husband can do that too, but that’s not something you want to mess with) and someone to build a chimney.

On the other hand, Rick found this website called WardCraft. They make modular homes, but they don’t look like modular homes. They build them with 4×4’s, then bring them in in two pieces. This is the house we’re thinking of, with some modifications (such as cutting off the whole right side of the house! It’s 2700 sq. feet! We only need around 1200 or so.)

What do you guys think?

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