Real Estate Agents In New Jersey Answer Your Questions: What Goes into the Cost of Building a House?

Real Estate Agents In Nj What Goes Into The Cost Of Building A House

If you’re a DIY type, you may have considered the possibility of building your own house. After all, investing in land for sale near you can show strong returns, and if you build your own home in Andover, you get to make it just like you want it. However, many people end up asking their real estate agent in New Jersey the same question: what goes into the cost of building a house? Here are some important factors to consider.

1. Average Cost To Build Your Own Home
Research of other homes shows that it costs, on average, between $100 and $200 per square foot to build your own home. That means that a 2,400 square foot house will cost you anywhere from $240,000 to $480,000. Yikes! That can be more than you’d pay to buy a house in Andover, and way more than you’d pay to buy a foreclosed house in NJ!

2. Where Your Money Goes
How can it be so expensive to build your own house? The biggest costs are in terms of labor. The land and site development costs should be only a small fraction of your total costs, maybe 5-10%. Setting the foundation, framing your building, and completing exterior work accounts for another 30-40%. Your major appliances and utilities (think electricity, sewage, HVAC and more) eat up 10-15% of the costs, and the final stage hits hard, with 25-30% of your costs typically being the interior finishing, such as drywall, floors, and cabinets.

3. The Hidden Costs and Value
If you see a cheap plot of land, those dollar signs might shine in your eyes! Unfortunately, while land for sale is often cheap, the costs of developing that land are much higher. If cost savings are where you’re at, consider buying a “fixer upper” or call your real estate agent in Bergen County to find out how to buy a foreclosed house. However, if your dream is to build something unique, to know that you are the only person who has ever lived in your house, or you just love that DIY thrill, building your own house can be a great project!

Get started on your next real estate project today with help from Sheldon Neal and his team! They have helped so many people buy and sell homes, source commercial real estate, and make strong real estate investments in NJ, and you can too!

Is It a Good Time To Buy A House in NJ During The COVID-19 Pandemic?

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One of the most common questions that realtors in NJ get asked is “is it a good time to buy a house?” During the COVID-19 pandemic, this question is even more important! Of course, if you are in need of a place to live, or suddenly come upon lottery winnings or a big inheritance, any time is a good time to buy a house—but even if you aren’t so lucky, buying a house during the COVID-19 pandemic can be a surprisingly good choice! Keep reading to see why real estate agents in Bergen County suggest buying a house during the pandemic.

Loan Rates are Fantastic
All personal reasons aside, the best real estate agents in the Tri-State area know that today’s loan rates are so great, it would be a mistake not to take advantage of them! Home buyers today have the opportunity to take advantage of some of the lowest mortgage loan rates in recent history—so get on the phone to call the best real estate agent near you to see what properties are available! Savings during your loan-hunting process can translate to decades of lower payments.

You Can Escape the City
One thing that most people have realized during this pandemic, especially the lockdown and quarantine phases, is the importance of space for yourself! If you’ve been living in a tiny little city apartment for years, this may be the time to move to more spacious areas. Nearby areas in suburban or rural NJ, NY, and PA can be a perfect place to escape the hustle, bustle, and virus transmission!

You May Have Spare Time
Speaking of that lockdown, do you find yourself with more spare time than you used to have? This can be a great time to move to a new home! Whether you buy a foreclosed house and fix it up, or a beautiful new home that just needs your final decorations, some extra time at home is always appreciated with a new home. Make good use of your time and buy a house in Bergen County!

No matter when you choose to buy a house, you want to find the best buy near you and take advantage of the best deals. When you work with the best real estate agents in NJ, you can do just that! Now is the right time to buy a house, so don’t wait—call Sheldon Neal, better known as “That British Agent,” and find your perfect home today.

Here’s Why You Need The Best Real Estate Agent in New Jersey to Start Investing in Commercial Real Estate

Investing In Commercial Real Estate

Are you interested in commercial real estate investment in New Jersey? While times are more challenging now with the pandemic, speculating on and investing in real estate has historically been a reliable investment option. Whether you’re looking to buy commercial property in Andover or sell your commercial building in Paramus, investing in commercial real estate requires a skilled real estate agent! Why not just DIY? Read on to find out!

Level the Playing Field
Unlike a small residential sale, those in the commercial real estate investment field are doing it for profit. Most people enter this field with years of experience and a team of helpful professionals—so you need the same to be competitive! Just like you wouldn’t try to race a soapbox car in the Indy 500, you need to be prepared for a professional sale—and a real estate agent in Bergen County is the place to start!

Find Special Deals
The best real estate agents in Bogota have connections. If you’re investing in commercial real estate, you need a realtor on your side that has these connections on hand! Pre-sale listings, foreclosures, or short sales are the kinds of things that your real estate agent can help to advise you on.

Avoid Legal Hassles
Your commercial real estate agent knows how to pick them—and how to avoid the problems! Especially if you travel around the Tri-State area for your investment projects, you may be unaware of local zoning restrictions, construction limits, or other requirements. Your real estate agent, however, is likely very familiar with these and can advise appropriately.

Remember, buying commercial property is much different than buying a home, and investing in commercial real estate is a small business in itself! Get the best connections and advice when you work with the best real estate agent in New Jersey. Call Sheldon Neal, better known as “that British agent” for your commercial real estate investment needs today!

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RE/MAX Real Estate Limited are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last update: 06/05/18.
Source: New Jersey Multiple Listing Service, Inc