Construction Home In New Nj

I see alot of older homes being torn down in good neighborhoods in NJ (Morris county). Im wondering if it is cost effective to by a 700K house and tear it down.

I truly don't see how it could be. You would essentially be buying a piece of land for $700,000 & that is not counting the cost to tear down a house, which is expensive. There could be hazardous waste in the house (lead paint or asbestos) that has to be inspected & dealt with separately. There could be salvage companies that will deconstruct a house (there is one here in New England, they don't charge anything to deconstruct but make their money by selling the pieces). I can't imagine building a house, especially in Morris County for less than $200-$250 per sq ft. A 5000 sq ft house will be over $1,000,000 to build. So, add the $700,000 & the owner is into the house $1,700,000, probably more.
If they do that & go to sell, I don't see how they will EVER get their money back out of it, it is completely impossible. Especially now that the market is dropping & dropping fast.

2007-10-09 12:26:31 by arthur_rose

Eric Dornfeld, Managing Renewable Energy Consultant with Green Power Energy speaks about solar power for residential homes in New Jersey NJ. He ...

Check out the website Home-Cost.com.

It gives valuable resources you need when considering all of the factors involved with home construction.

Here's the link:http://www.home-cost.com/template.php?se ctionID=5

Hope this helps.

God Bless....

2006-12-15 19:16:50 by E minawi

Price: $12.95

I am interested in a newly constructed townhouse in Gloucester County, NJ. There is no tax information listed, so I looked at other townhouses in the development, but the range was anywhere from $7000-$9000/yr, which is a large range. I would like to find out a more exact value before I purchase this home. How do I get this information if it is a new construction, with no previous year's tax information?

Contact the county or a realtor to get the tax rate in the county and then assume that the assessed value will be your purchase price.

Nice to know that someplace else also has horrible property taxes (like us in upstate NY).

good luck!

2007-12-06 06:22:35 by lisalpharmd

Price: $29.95

with the new garage door that I added $1000 to for an upgrade. Upon walk through, the bottom panels were dented and the construction person said that this has been replaced with new panels on the garage door. The construction person advised me that the bottom panels were changed and that double door garage panels dent and undent during the day because of expansion and contraction. It sounds ridiculous to me and I told him I will not close on the house until this is corrected. Did anyone ever hear of this? The house is in NJ.

Don't close on the house this is bull...Dents are not ripples or waves from heat.. I would have this verified before I closed I know that..I am a 37 year experienced painter..and have been on construction sites all my life..and even painted many of garage doors that were metal..I have never seen the heat"cause a dent"..

2008-07-23 20:02:18 by yahoouser17

I am looking for a group of big hearted folks that will be volunteering in New Orleans in the near future. I went with a group in April/May of 2008. It struck a huge chord with me and now I'm extremely passionate about going back and giving a helping hand once again. I worked on the construction of the homes, and that is the area of work I would like to participate in again. Where can I find such a group of people?

Hey, first off thats great that you still want to help, most people think that all the damage is taken care of.
Brad Pitt's lower ninth ward has contact information for groups to go down to help, i'm sure you could get in contact with one of them.
http://makeitrightnola.org/
Ask around at churches too, they maybe able to tell you if they or any neighboring churches are planning trips there.
peace & good luck!

2009-02-03 16:12:45 by LoganLandA