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Updated over 5 years ago on . Most recent reply

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Chris Vam
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Buying townhomes in bulk

Chris Vam
Posted

Is buying a townhome from reputed builder better or buying a land and having a contractor constructing multiple town homes better ? For a general idea, We are looking approximately 25- 30 townhomes in one phase.

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Chris Vam:

@Greg Dickerson thank you for response. I see your point, it makes total sense. Just to add on, I live in Charlotte and the real estate market here is just skyrocketing. So finding town homes prebuilt or ready to be build from the builders are expensive . So I was just wondering if I could purchase a land and negotiate with builder or a contractor for construction;would that result in lower cost for the townhomes?

Yes if you can find finished lots ready to build  or find a subdivision underway you may be able to negotiate a discount on multiple units. All depends on how hot the market is

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