To Build or Not To Build - Denver Area

[Reese C.]

Hi everyone,

I am currently in the Denver-metro area and as many of you know there is very low inventory and prices continue to skyrocket. I'm looking to purchase a place to move into and rent out my current one and leap frog from there. However, I have been beat out numerous times in offers and are thinking about another approach.

I have a lot in Aurora that does not have any utilities or foundation. The surrounding houses are valued at around 300k built in the 70s. I am thinking about building a house on the lot but trying to move in with equity. Are there any home builders that could build a decent quality home under 300k including tap fees and foundation? Or are there any other options I should consider? 

Thanks