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Net profit for new construction

2504 Views 14 Replies 10 Participants Last post by  Metro M & L
I'm not a home builder but I am curious what profit you have walked away with from a pre sale or a spec house?
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This might be the broadest question I've seen on this site.
You might be right about the broadest question. It's really just a "I'm curious question" as I have never built a house before.
go build one and tell us how you did:laughing:
Put it this way if you don't make over 75,000 stay home .
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If you walked away with $1+ you ahead of the game :thumbsup:
I'm not a home builder but I am curious what profit you have walked away with from a pre sale or a spec house?
when I do plumbing on any new home I typically make 10-15%...anything less than 10% and id rather work for someone else
I built 6 spec homes for an investor last April through June. 3 of them in 1 town that sold while being built and he profited 60k a house. The other 3 where in a different town. 1 sold 1 month after completion and made around 50k and the other 2 just closed this past November and he just barely broke even.

The 3 that sold in 1 town was bought as 1 lot and sub divided. The other 3 in the other town where bought with shacks on them and demoed and built new.
That's why I said broad question. There's so many variables on how you buy your lots...knock downs. Size of homes you put up. The finishes you use. Ect. I never built a spec house but plan on it one day. Currently I just build new homes for people.
maybe on a big custom. You are not going to make that on a starter, but you should be able to do a starter in half the time.
Put it this way if you don't make over 75,000 stay home .
For what no ones doing anything wrong . No prices
mrcharles said:
Mods.... Shut it down
Asking what are profits is a big difference then asking what to charge. I say carry on, but who the hell am I?
mrcharles said:
Mods.... Shut it down
It's a broad question which intentionally avoids pricing. Shut down the tablet thread I asked about using a tablet which turned into a 4 page pissing match.
Thanks for all who replied. I certainly understand there are many factors that go into building a house.
Your not doing to well on your threads lol. You have more specific questions?
southernyankee said:
It's a broad question which intentionally avoids pricing. Shut down the tablet thread I asked about using a tablet which turned into a 4 page pissing match. Thanks for all who replied. I certainly understand there are many factors that go into building a house.
If the thread is longer than a page its always a pissing match. Unless its about nail bags.
It's a broad question which intentionally avoids pricing. Shut down the tablet thread I asked about using a tablet which turned into a 4 page pissing match.
Thanks for all who replied. I certainly understand there are many factors that go into building a house.
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