How much does it cost to build a home in Las Vegas?

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  • fuzzylogic
    Confirmed User
    • Jun 2004
    • 4796

    #1

    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?
  • EscortBiz
    Fuck Checks, CASH only!
    • May 2002
    • 19422

    #2
    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

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    • datatank
      Confirmed User
      • Aug 2004
      • 5471

      #3
      You can buy homes cheaper than it costs to build them in LV at the moment

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      • L-Pink
        working on my tan
        • Mar 2005
        • 39151

        #4
        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?

        Comment

        • Barefootsies
          Choice is an Illusion
          • Feb 2005
          • 42635

          #5
          Best advice..

          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.

          Last edited by Barefootsies; 08-15-2009, 06:50 PM.
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          • SeizeTheDomain
            Confirmed User
            • Aug 2008
            • 753

            #6
            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.

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            • DonovanTrent
              Confirmed User
              • Dec 2006
              • 968

              #7
              I bought in Vegas in June, 2006. You do the math.

              Donovan Trent

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              • fuzzylogic
                Confirmed User
                • Jun 2004
                • 4796

                #8
                Oh, I am not interested in building one, just figuring out how much this one cost to build.

                Comment

                • L-Pink
                  working on my tan
                  • Mar 2005
                  • 39151

                  #9
                  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)


                  .

                  Comment

                  • Barefootsies
                    Choice is an Illusion
                    • Feb 2005
                    • 42635

                    #10
                    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?!

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                    Enough Said.

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                    • DonovanTrent
                      Confirmed User
                      • Dec 2006
                      • 968

                      #11
                      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

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                      • Mr. Cool Ice
                        Confirmed User
                        • Aug 2006
                        • 1289

                        #12
                        So how much is a 2k square foot selling for in Vegas these days?
                        NUR COOL UND GEIL

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                        • NemesisEnforcer
                          Confirmed User
                          • Aug 2003
                          • 2122

                          #13
                          Originally posted by DonovanTrent
                          I bought in Vegas in June, 2006. You do the math.

                          Ouch! Does it still hurt?
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                          • NemesisEnforcer
                            Confirmed User
                            • Aug 2003
                            • 2122

                            #14
                            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.
                            The Only Time When Success Comes Before Work Is In A Dictionary.

                            Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs.'

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                            • mattz
                              Confirmed User
                              • Dec 2001
                              • 7697

                              #15
                              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

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                              • WWC
                                #1 Adult Content Provider
                                • Jul 2003
                                • 11577

                                #16
                                You can buy one already built for $59,000
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                                • Semi-Retired-Dave
                                  Too lazy to set a custom title
                                  • Apr 2004
                                  • 11190

                                  #17
                                  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.
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                                  • tiger
                                    Confirmed User
                                    • Apr 2002
                                    • 6986

                                    #18
                                    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.

                                    Comment

                                    • candyflip
                                      Carpe Visio
                                      • Jul 2002
                                      • 43073

                                      #19
                                      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

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                                      • SuzzyQ
                                        Confirmed User
                                        • Dec 2006
                                        • 1557

                                        #20
                                        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

                                        Comment

                                        • IllTestYourGirls
                                          Ah My Balls
                                          • Feb 2007
                                          • 14311

                                          #21
                                          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.

                                          Comment

                                          • IllTestYourGirls
                                            Ah My Balls
                                            • Feb 2007
                                            • 14311

                                            #22
                                            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.

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