How much does it cost to build a home in Las Vegas? - GoFuckYourself.com

fuzzylogic · 08-15-2009, 07:01 PM

I live in a "starter" home (2k sqft) in las vegas and am wondering how much it cost builders to actually build this home. As the value of homes continue to drop I am curious about the actually material and service cost of this home to help determine how low the value of the homes can go.

Also, any idea what the value of the lot is?

EscortBiz · 08-15-2009, 07:33 PM

Quote:

Originally Posted by fuzzylogic

I live in a "starter" home (2k sqft) in las vegas and am wondering how much it cost builders to actually build this home. As the value of homes continue to drop I am curious about the actually material and service cost of this home to help determine how low the value of the homes can go.

Also, any idea what the value of the lot is?

value of the lot depends on many factors

anyway dont assume homes cant go lower than what it costs to build one

places like vegas, florida, cali, AZ will def see another 15% drop in home prices

and whatever you do never listen to a realtor about the market conditions they all without exception (yeah even the one who took a liking to you) are liars and full of shit, after car sales people come realtors

datatank · 08-15-2009, 07:35 PM

You can buy homes cheaper than it costs to build them in LV at the moment

L-Pink · 08-15-2009, 07:36 PM

Why would you build one when right now you can buy a home in Vegas for less than the cost of the material delivered to a vacant lot?

Barefootsies · 08-15-2009, 07:49 PM

Best advice..

Quote:

Originally Posted by EscortBiz

and whatever you do never listen to a realtor about the market conditions

When I bought my house, I went against almost every single thing that the realtor told me I could, or should be asking for and negotiating. He was wrong on every account.

I DID get $5000.00 toward new carpeting and tile. I DID get $500.00 towards the refrigerator that went bad between the walk through and inspection. I DID get them to lower the price of the house by $12000.00. I DID get them to do a couple of high priority repairs before closing.

Every one of those things he fought me about saying I was asking too much, I would blow the deal, or some other shit. However, I was approved through my bank, had cash to put down on it as well, so I knew that I was sitting pretty and could walk away.

In my case, it was fall, and the house was being held by a re-lo company. They have been dropping the price for 7-9 months. I knew they would want it off the books, and that they could afford what I was asking for.

In all fairness, with an individual as the seller I am not sure I would have been able to negotiate as well as I did and get all that I was asking for.

SeizeTheDomain · 08-15-2009, 07:58 PM

In the high desert area of California, large developers of tract homes paid an average of $55 a square foot, not including the land. As the others have stated, you can buy a home for less than materials alone right now.

DonovanTrent · 08-15-2009, 08:00 PM

I bought in Vegas in June, 2006. You do the math.

fuzzylogic · 08-15-2009, 08:01 PM

Oh, I am not interested in building one, just figuring out how much this one cost to build.

L-Pink · 08-15-2009, 08:11 PM

Quote:

Originally Posted by fuzzylogic

I live in a "starter" home (2k sqft) in las vegas

I wouldn't call your house a starter home based on sq footage. That would be like saying a Lambo is a "starter" car (2 seats)

.

Barefootsies · 08-15-2009, 08:21 PM

Quote:

Originally Posted by L-Pink

I wouldn't call your house a starter home based on sq footage. That would be like saying a Lambo is a "starter" car (2 seats)

.

I was thinking the same thing.

I have a 2000 sq foot, 4 BR, 2 BATH house, and I thought maybe it was a regional thing. Like out west that 2000 sq ft was considered small or something?!

DonovanTrent · 08-15-2009, 08:21 PM

In Vegas, it's a starter home. Keep in mind, they'll put a 2k sq ft single story house on a 2.4k sq ft piece of land out here. LOL

Mr. Cool Ice · 08-15-2009, 09:00 PM

So how much is a 2k square foot selling for in Vegas these days?

NemesisEnforcer · 08-15-2009, 09:13 PM

Quote:

Originally Posted by DonovanTrent

I bought in Vegas in June, 2006. You do the math.

Ouch! Does it still hurt?

NemesisEnforcer · 08-15-2009, 09:18 PM

Quote:

Originally Posted by Mr. Cool Ice

So how much is a 2k square foot selling for in Vegas these days?

Depends on the location. If you're on a golf course about $200/sq ft or more. If you're not on the golf course but in a good subdivision about $110/sq ft. I got these numbers from my last HOA bulletin.

America West is advertising $89/sq ft around town.

mattz · 08-15-2009, 09:36 PM

Quote:

Originally Posted by L-Pink

Why would you build one when right now you can buy a home in Vegas for less than the cost of the material delivered to a vacant lot?

read the post

WWC · 08-15-2009, 11:21 PM

You can buy one already built for $59,000

Semi-Retired-Dave · 08-15-2009, 11:23 PM

Quote:

Originally Posted by L-Pink

Why would you build one when right now you can buy a home in Vegas for less than the cost of the material delivered to a vacant lot?

Very well said, you can get an amazing home for about 175K even less depending on what you are looking for.

tiger · 08-16-2009, 12:20 AM

Right now homes in many areas are selling for less then it would actually cost to build them. Even if you don't include the land.

candyflip · 08-16-2009, 08:03 AM

Why build there when the market is in such a shitter?

My dad's company just picked up a house for $165k that was sold for twice that much 5 years ago.

2200 sq ft.

SuzzyQ · 08-16-2009, 09:11 AM

I read this on Reuters recently. Something to keep in mind.

"Regions suffering the worst negative equity are areas in California, Florida, Arizona, Nevada, Ohio, Michigan, Illinois, Wisconsin, Massachusetts and West Virginia. Las Vegas and parts of Florida and California will see 90 percent or more of their loans underwater by 2011, it added."

http://www.reuters.com/article/newsO...5745JP20090805

IllTestYourGirls · 08-16-2009, 09:36 AM

Quote:

Originally Posted by NemesisEnforcer

Depends on the location. If you're on a golf course about $200/sq ft or more. If you're not on the golf course but in a good subdivision about $110/sq ft. I got these numbers from my last HOA bulletin.

America West is advertising $89/sq ft around town.

Holy fuck, how much land comes with that? I knew it was getting cheap out there but sub-100$/sq is getting nuts!

Around where I live, with 1 to 3 acres you would pay $120/sq for a prebuild home. I still think it will get cheaper. Ive cut my construction bids by 33% since the beginning of the year.

IllTestYourGirls · 08-16-2009, 09:37 AM

Quote:

Originally Posted by SuzzyQ

I read this on Reuters recently. Something to keep in mind.

"Regions suffering the worst negative equity are areas in California, Florida, Arizona, Nevada, Ohio, Michigan, Illinois, Wisconsin, Massachusetts and West Virginia. Las Vegas and parts of Florida and California will see 90 percent or more of their loans underwater by 2011, it added."

http://www.reuters.com/article/newsO...5745JP20090805

I read somewhere (maybe reuters) that 50% of all homes in the US will be underwater by the end of 2011.

08-15-2009, 07:01 PM	#1
fuzzylogic Confirmed User Join Date: Jun 2004 Location: buffalo, las vegas. icq: 285808879 Posts: 4,796	How much does it cost to build a home in Las Vegas? I live in a "starter" home (2k sqft) in las vegas and am wondering how much it cost builders to actually build this home. As the value of homes continue to drop I am curious about the actually material and service cost of this home to help determine how low the value of the homes can go. Also, any idea what the value of the lot is?

08-15-2009, 07:58 PM	#6
SeizeTheDomain Confirmed User Join Date: Aug 2008 Location: FL and CA Posts: 753	In the high desert area of California, large developers of tract homes paid an average of $55 a square foot, not including the land. As the others have stated, you can buy a home for less than materials alone right now. __________________ -- 0% Financing Available -- No Credit Applications -- No Credit Checks -- 1 Year Domain Trade In Policy -- Alex Richards - ICQ #445801946 - sales @ seizethedomain . com S6X.it/Adult URL Shortener l 24/7 Internet Radio l Hosting and IT l 2011 XBIZla Photos l NALEM

08-15-2009, 08:00 PM	#7
DonovanTrent Confirmed User Join Date: Dec 2006 Location: Las Vegas, NV Posts: 968	I bought in Vegas in June, 2006. You do the math. __________________ Donovan Trent

08-15-2009, 08:21 PM	#11
DonovanTrent Confirmed User Join Date: Dec 2006 Location: Las Vegas, NV Posts: 968	In Vegas, it's a starter home. Keep in mind, they'll put a 2k sq ft single story house on a 2.4k sq ft piece of land out here. LOL __________________ Donovan Trent

08-15-2009, 11:21 PM	#16
WWC #1 Adult Content Provider Join Date: Jul 2003 Location: Glendale, Ca Posts: 11,577	You can buy one already built for $59,000 __________________ [email protected] ICQ : 494-353-230 Follow WWC on Twitter CLICK HERE! " CONTENT PROVIDER OF THE YEAR! " ~ 2007 , 2008 & 2009 XBIZ AWARDS WINNER! .......www.WorldWideContent.com / www.WorldWideFeeds.com...... WWC Nominated " Content Licensor of The Year " 2010 XBiz Awards !!!

08-15-2009, 07:35 PM	#3
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	You can buy homes cheaper than it costs to build them in LV at the moment

08-15-2009, 07:36 PM	#4
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Why would you build one when right now you can buy a home in Vegas for less than the cost of the material delivered to a vacant lot?

08-15-2009, 08:01 PM	#8
fuzzylogic Confirmed User Join Date: Jun 2004 Location: buffalo, las vegas. icq: 285808879 Posts: 4,796	Oh, I am not interested in building one, just figuring out how much this one cost to build.

08-15-2009, 09:00 PM	#12
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	So how much is a 2k square foot selling for in Vegas these days?

08-16-2009, 12:20 AM	#18
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Right now homes in many areas are selling for less then it would actually cost to build them. Even if you don't include the land. __________________

08-16-2009, 08:03 AM	#19
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,061	Why build there when the market is in such a shitter? My dad's company just picked up a house for $165k that was sold for twice that much 5 years ago. 2200 sq ft. __________________ Spend you some brain. Email Me

08-16-2009, 09:11 AM	#20
SuzzyQ Confirmed User Industry Role: Join Date: Dec 2006 Location: Along the shore. Posts: 1,557	I read this on Reuters recently. Something to keep in mind. "Regions suffering the worst negative equity are areas in California, Florida, Arizona, Nevada, Ohio, Michigan, Illinois, Wisconsin, Massachusetts and West Virginia. Las Vegas and parts of Florida and California will see 90 percent or more of their loans underwater by 2011, it added." http://www.reuters.com/article/newsO...5745JP20090805