An idea for developers

daisycreek

daisycreek

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Just a thought.. in St.Mary's county there's a large demographic of people who would like to buy a home.... those in the 25,000-35,000 per year income group.

why not develop a nice neighborhood with houses starting around 100,000?

small 900 to 1,000 square foot homes.. (not manufactured homes) possibly cute little cape cods? I think they call them cottage developments... these would be great for singles and couples..


with the large number of people in this income group wanting to buy I am sure it would be profitable to you. We all can not afford a large home but we want to buy a new home!

Are you reading this county comissioners???????
 
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BuddyLee

BuddyLee

Football addict
daisycreek said:
Just a thought.. in St.Mary's county there's a large demographic of people who would like to buy a home.... those in the 25,000-35,000 per year income group.

why not develop a nice neighborhood with houses starting around 100,000?

small 900 to 1,000 square foot homes.. (not manufactured homes) possibly cute little cape cods? I think they call them cottage developments... these would be great for singles and couples..


with the large number of people in this income group wanting to buy I am sure it would be profitable to you. We all can not afford a large home but we want to buy a new home!

Are you reading this county comissioners???????
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Well, if I were a developer I wouldn't like the idea...not in the least bit.

For one, there's no money in it for me. $100,000 for a house, even a small one? Sure that sounds nice but I would guess that it costs at least that much just to build one these days. On top of that you're talking about it being in a 'nice' neighborhood. I'm sure you'd want shrubbery, landscaping and the like. That also costs a lot of moola'. You'd be spending more than you'd make.
 
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toppick08

Guest
daisycreek said:
Just a thought.. in St.Mary's county there's a large demographic of people who would like to buy a home.... those in the 25,000-35,000 per year income group.

why not develop a nice neighborhood with houses starting around 100,000?

small 900 to 1,000 square foot homes.. (not manufactured homes) possibly cute little cape cods? I think they call them cottage developments... these would be great for singles and couples..


with the large number of people in this income group wanting to buy I am sure it would be profitable to you. We all can not afford a large home but we want to buy a new home!

Are you reading this county comissioners???????
Click to expand...

:buddies:

I've been saying this for years.
 
Dupontster

Dupontster

Would THIS face lie?
That all sounds well and good but like BL said you can't build much for 100K...As much as I hate to say it, you would get a lot of rif-raf in these developments and they would be trashy slums within a year...
 
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toppick08

Guest
aps45819 said:
I've never seen a construction site where nobody had an ice chest full of beer.
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Never worked with my grandfather........a real custom builder, who tossed any drunks on his job out the window by their belt.........:yay:
 
tyky

tyky

eieio
I do the books for a builder so I know exactly what it costs to build houses and I can tell you that land improvements alone cost a fortune, so if a builder gets a hold of a lot of cheap land, which is rare around here, they still have to put in roads throughout, surveying etc.
 
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toppick08

Guest
tyky said:
I do the books for a builder so I know exactly what it costs to build houses and I can tell you that land improvements alone cost a fortune, so if a builder gets a hold of a lot of cheap land, which is rare around here, they still have to put in roads throughout, surveying etc.
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Can he lay block, change blueprints, or use a handsaw.......??
 
daisycreek

daisycreek

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Dupontster said:
That all sounds well and good but like BL said you can't build much for 100K...As much as I hate to say it, you would get a lot of rif-raf in these developments and they would be trashy slums within a year...
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I disagree with you on this point it takes at least 31,000 a year to qualify for a 100k loan and a good credit score.....There are a lot of hard working decent people making that salary.. who just want a home of their own.


the amish build nice modest homes for under 100k . as far as the land i am not suggesting that they include much of a yard.

so what do the people who can't qualify for a loan over 100k do for housing?
 
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designer300z

New Member
In Charles County there's a building limitation that says homes must be at least 1,650 sf or larger. Is there anything similar in St. Mary's?

Regardless, the land costs alone would make $100,000 homes more or less impossible, a developer would have to be building at a financial loss on the whole project.
 
daisycreek

daisycreek

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cottage style homes, 8 units to an acre would be nice, so where a builder might have 2 homes selling for 600k, they could do 8 cottage style homes and sell them for a total of 800k
 

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Tigerlily

Luvin Life !!!
There is a brand new replacement home on the corner of where I work at. I saw it online for over 350k. That place is a small rambler on a tiny lot. makes me sick.It has sat empty and unsold for at least eight months.

10 years ago house prices were a quarter of what they go for today. It's all about greed IMO, oh and of course all the home prices have been set due to all the goverment contrctors and their engineers salaries.
 
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designer300z

New Member
daisycreek said:
cottage style homes, 8 units to an acre would be nice, so where a builder might have 2 homes selling for 600k, they could do 8 cottage style homes and sell them for a total of 800k
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Daisy, that would violate all the zoning regulations for minimum lot sizes, the county specifically forbids SFH on 1/8 acres.

Also, if the homes were that close together they would need to be on public water and sewer, where land itself already holds a premium due to the utility convenience. if these "cottages" were to be put on parcels that were cheap (i.e. in the middle of nowhere, without water/sewer utilities), they would require a well ($6k-$12k) be drilled for each home, and a septic dug ($20k). Don't forget your perc test costs, easement plat costs, road improvement costs, etc. Each lot itself would be worth more than 100k once that work is done, and you still don't have a house on it yet!
 
bcp

bcp

In My Opinion
you know, as much as I feel for those that cant afford the current price of a home, I sort of have to agree with those that dont want the 100k homes crammed into their communities.
let me explain.

Where I live was country, mostly farms back in 86, the main cross road was controlled by a 4 way stop, and at rush hour a traffic jam would be considered more than two cars getting to the intersection at the same time.
The closest store was 12 miles away in Bowie (Pointer Ridge), and any shopping that you wanted to do forced you into annapolis to the mall.
This is how we liked it. saturday morning could be spent sitting in front of the country store with a cup of coffee discussing the possibility of rain.

so what happened?
The powers that be decided that we needed some new communities, so they F,ed up a perfectly good farm and put a bunch of houses on the land. well, suddenly the schools are now overcrowded, and those people that came from the city type areas to live in the country type area just could not understand how we could live without the shopping within close distance,
so they built up edgewater and put in the shopping center at the corner of 214 and 2.
of course, once that was done there was road improvements needed, so they redid rt 2.. naturally, once rt 2 was widened, it was obvious that it could support more traffic, so they built more communities.
with the new communities came the need for more shopping, so more stores were built, and of course, once the new stores were built it was clear that the area could support more homes.

now, (remember that 4 way stop that never saw more than two cars at a time? its now a stop light and during rush hour it can back up a mile in all directions quickly.

so, I say, no more cheap crammed in homes that do nothing but take away the country feel of an area.

those that live in an area should have more say in its direction than those that wish to live in that area.

at least here they still require a minimum of 4 acres to build a home. That keeps some of the riff raft out. not all, but some.
 
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