A couple of years ago I spent a ton of time looking at empty houses and what they could and couldn’t do. It made me start to think about what might make a nice, home for someone. If I were to build on my current home, maybe I could find a place that would meet my needs and be a fantastic home.
Empty houses may be empty for a reason: They’re easy to build. But there’s a problem here. For one, I’m not going to be able to build a custom house. Yes, it’s possible to build a home on an existing lot (and there are many people who do). But then you need to build a lot, and that means you need lots of space. And then you also need to find land that’s cheap enough to build the house on.
In my experience, you need a lot of land and lots of space for a builder to really get into the game. You also need to find a cheap builder. But if you don’t have a lot of land, theres no way you’ll be able to build like you want to.
Not all builders are built the same, and not all builders are cheap. So I think the best advice is to find a builder who is the most friendly on the whole lot, and not the least bit shady.
I think I might have a bad builder for my 12th house. He has always been a jerk. I told him last weekend that I was selling my house for $400,000 and he was like, “what?” I said, “I’m selling it for $200,000”, and he was like, “well, your home is about half that, isn’t it?” And as time went by, I realized that I had been overcharged by $50,000.
The point is that there are a few ways to get ripped off on a house. You can overprice a house (i.e. offer too much for a price that’s too low), but you’ll make a lot more money that way. Or you can use aggressive tactics (i.e.
buying a house and selling it as soon as you can, so you can pocket the money, and then sell it again later.
This is a great example of the difference between the two most common ways of selling a house on an estate. Selling a house for less than you thought you could get it for is an obvious way to overcharge for a house. But sometimes you dont get a house for less than what you thought you were going to get. This is where the aggressive tactics come in.
Empty houses have long been a favorite of estate agents. They are, of course, illegal to sell in most states, so they are almost always for short term transactions (such as for a buyer to move to the county where the house is located). But what you can do with a house that you no longer own is pretty awesome.
Empty houses are good for a couple of reasons. For one, they can be built on spec. This, in turn, allows the owner to sell the house at a profit. In many cases, the buyer will need a little help getting the house in order. For this reason, if you are thinking of buying a house, you probably want to make sure you do not have a buyer who is going to want to pay you a lot of money for the house.