All Forum Posts by: Dolly Meas

@Nicole Holcomb thank you for that info! Yes, I am looking for a home that has 4 bed n 3 bathroom on a big lot, but that’s hard to come by. I work and live in Escondido and I’m looking for a place near lake Hodges or something near the north county mall. My husband wants to go to valley center, but it’s too remote for me, but we can definitely get more land and house there. I guess I have a lot to think about.

@Nicole Holcomb yes, my husband would agree with you. I guess I’m watching too many home improvement shows and it’s only requiring 200k to fix it up and I’m already pre-approved for a loan that’s 175k land and 550k construction. 🤷🏻‍♀️ California isn’t so friendly for newbies either.

@Ned Carey my husband says we are probably better off waiting for a fixer upper to come on the market. We are still early and I don’t expect to to get serious until next July, but wanted to get as much info to prepare. Thank you!

@Bryan Noth. I am borrowing funds so yes, I do have to keep that in mind.

@Bryan Noth there is a new home that was built next to the lot I’m looking at. Do you think it’s a good idea to Contact that general contractor to get estimates?

@Bryan Noth when you say holding cost, it’s time I’m not occupying the lot because of waiting for permits?

I currently own my home and I'm in the process of refi my home to 2.875 and would live in it until I find another place.  I would like to keep my current home as a rental and look for a 4 bathroom 3 bath home.  Here's my question.  Homes in the area that have the land size and # rooms are 700K-950K.  So as I'm closing looking at the market, I did see some land that is being sold in north county for 150K-300K size is 1.5 acres to 6 acres. No utilities but the lot next to it has homes with new construction.  I would assume it has plumbing and electricity hook ups.  I wanted to see your thoughts in buying land and building a home on the property.  Does anyone have experience in the cost to build a home in San Diego?  Do you have any contractor or architect recommendations?  Do you have any lenders you would recommend.  My thought is, if i decide to go for the 1.5 acres, it's selling at 155K and if I it cost let's say 450K for new construction...I'm still in the green 95K to 345K.   Am I looking at this right?  Should i have any other considerations? I would love to pick someone's brain and get some insight.  

Thank you!  Dolly