Nashville area spec build

[Roger Poulin]

I have a lot in the Bourdeaux area that I am planning to build on. I don't know how big to build. The house next door is 5,000 sq. ft., but most of the houses within 200 yd. are 2500 - 3500 sq. ft. If I go a little further the houses shrink as low as 1500. I would like to hear from experienced builders what size to build, and why.

I also need to project my sale price but the comps are old (1-2 years). If I throw out the foreclosures, the sales are about 95-110 per foot, but those are houses 20 to 50 years old. How much should I expect per foot if I build?  By the way, one of the foreclosures is th