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Hey T, more power to you and kudos on going for what you want....

that's something I was trying to get accross to that dweeb in the florida testicles thread: He thought he was all that and a bag of chips because he had an M6 BMW. Hey, anyone can BUY what they want, but to build it? that's a whole 'nother ballgame.

I mean, who cares if you come out ahead? If it's your dream house, then I say go for it!

And yeah, neighbours make all the difference in the world.
 
tightfit said:
well i can tell you that my house is not up for sale, however, if it was, and I thought I could sell a house that is listed for more than 1.5 mil in a few weeks then I'd be seriously dilluted. Having been through the process years ago, i can tell you that if you intend on selling a custom home then you ought to be prepared to sit on it for 2 years before it sells...if you don't believe what i am saying then feel free to ask anyone selling a custom house north of the city. The fact is..if you want to purchase a home at these prices, then you have to be making a steady income in the high 6 figures. Not only do you have to be able to afford the mortgage, but just think about the money these houses require in upkeep..imagine if you will how much soil I will be putting in my flower beds just to keep them up this year. How much money will I spend on fertilizer and window cleaners etc..i can tell you the figures are staggering...
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I hope that things work-out, and it's why I asked the question. As I said to the original poster "Do you know for a fact that you will be able to sell this house? This is a high-end product, and the market is very small and finicky for it."

While I wouldn't know the exact figures, I know that upkeep is a tonne of money. I can say that I was in a huge house in one of the most expensive areas of the city last August. We were out in the backyard, and I turned to my SO and said "You know this backyard probably cost more than the mortgage we have on our house, and the upkeep is probably double our monthly mortgage payments."

When I start investing in regular shlub-like houses, I've budget $1,000 a month for upkeep (probably on the high side, but I prefer to do this), so I can only imagine your cash outflow, and at the same time sympathize... :(
 
sympathy...you can save it for the day i have to sell my house..another thing that most people don't realize is that you are never in a large house for the rest of your life..simply put...we get old and the larger the house the more work that they require..simply cleaning the floors can take more than one day of work. As we get older it is just impossible to maintain a large house. I am still young, however, the work involved is full time, without help it is an impossible feat..this is why when the day comes to sell most cry. I saw my parents cry when they had to sell and i am sure i'll do the same..however building your dream house is a fantastic feeling like no other..
 
OK - you built it to live in, not as a strict investment - it changes my point of view - I thought you were trying to sell from day one and that your upkeep was coming out of your investment money. That's where my sympathies were. I do agree with everything you say about larger houses.
 
jw01 said:
Hey guys

been here a couple years now and looking to build a house and potentially sell it down the road. ive been particularly interested up north (i.e. north of maple, vaughn on the 400 etc b/c of land), in the city of King, Aurora. I've seen they have quiet a few spots for land that is vacant. Some in King in prime locations where houses are worth $2.1M+. Thus I was wondering if it would be worth getting a mortgage for purchasing that lot (approx. 2acres) and constructing something worth while on it 5000sqft and sell it a couple years down? Any input? Thxs

Cheers,
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Make sure you check out the proposed 427 extension. It may go right past King.
 
Mongrel4u said:
This for me is the home I want to build... Its perfect.

http://www.theplancollection.com/house-plans/home-plan-2352

It says 3171 SqFt but I dont think its including the basement space. I'm looking at the Durham Area for this one. My budget is 1-1.2M

Am I just pissing in the wind on this?
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Sorry Mong, I am looking for a towel to hand you to wipe all the pee off your legs lol.

In the plan you attached, it isn't the square footage, it is ALL the fricken DETAILS.

I bet you're talking close to $80K to frame the various roof structures. Just from the views you've got 8 individual roofs. Each needing their own attic. Then you've got that big flat roof/deck out back.

Just looking at the plans, all those curves? Man.....you do know how to pickem (nice place though, not a boring box that's for sure).

Now you'd need the right piece of property too with the overlook kind of front.

Coved ceilings? OMFG lol...nice, but EXPENSIVE.

Just guestimating, you've probably got close to $100K in glass alone.....

What kind of flooring? Just a rule of thumb: if you went with MID grade hardwood, you'd be looking at 8 - 10 psf plus $3.00 psf install plus thresholds, custom pieces etc. so say $13.00 psf installed that'd be $41K for flooring alone (and that's cheap!!). If you went with ANY granite or stone anywhere, you could be looking at $20.00 psf.

Trim: if you went with pine instead of MDF, I'd say you're around $30K for basic, if you went with nice 8 or 10" base, nice door casing, and good window casing, you're up around $60K. (for comparison, to trim a standard 1200 sf 2 story, in MDF you're talking about $4K to the builder, retail about $6K)

Now, this is just my designer eye (I was a designer for 8 yrs) the family room and dining room are ass backwards. The dining should be where the family room is. In addition, that inset area (where the dining is now) should be flush, or pretty close to flush, with the front wall there. That little inset doesn't save much in material, and is, IMO, a waste of space. If that front wall was flat, you'd have more interior space, a simpler exterior wall to construct, and still have the nice patio but instead of a small square one you'd face right on to the large deck over the pool.

In addition, if you did that, you could move the deck to the new area and then do a staircase down to the larger deck. You could also put in a french balcony on that side of the house overlooking the semi front.

To give you an idea what you get for a million in Toronto these days, you'd get about 1800 sq ft in the city proper, with NO lot.....and it'd be a basic box.
 
tboy said:
Sorry Mong, I am looking for a towel to hand you to wipe all the pee off your legs lol.

In the plan you attached, it isn't the square footage, it is ALL the fricken DETAILS.

I bet you're talking close to $80K to frame the various roof structures. Just from the views you've got 8 individual roofs. Each needing their own attic. Then you've got that big flat roof/deck out back.

Just looking at the plans, all those curves? Man.....you do know how to pickem (nice place though, not a boring box that's for sure).

Now you'd need the right piece of property too with the overlook kind of front.

Coved ceilings? OMFG lol...nice, but EXPENSIVE.

Just guestimating, you've probably got close to $100K in glass alone.....

What kind of flooring? Just a rule of thumb: if you went with MID grade hardwood, you'd be looking at 8 - 10 psf plus $3.00 psf install plus thresholds, custom pieces etc. so say $13.00 psf installed that'd be $41K for flooring alone (and that's cheap!!). If you went with ANY granite or stone anywhere, you could be looking at $20.00 psf.

Trim: if you went with pine instead of MDF, I'd say you're around $30K for basic, if you went with nice 8 or 10" base, nice door casing, and good window casing, you're up around $60K. (for comparison, to trim a standard 1200 sf 2 story, in MDF you're talking about $4K to the builder, retail about $6K)

Now, this is just my designer eye (I was a designer for 8 yrs) the family room and dining room are ass backwards. The dining should be where the family room is. In addition, that inset area (where the dining is now) should be flush, or pretty close to flush, with the front wall there. That little inset doesn't save much in material, and is, IMO, a waste of space. If that front wall was flat, you'd have more interior space, a simpler exterior wall to construct, and still have the nice patio but instead of a small square one you'd face right on to the large deck over the pool.

In addition, if you did that, you could move the deck to the new area and then do a staircase down to the larger deck. You could also put in a french balcony on that side of the house overlooking the semi front.

To give you an idea what you get for a million in Toronto these days, you'd get about 1800 sq ft in the city proper, with NO lot.....and it'd be a basic box.
Click to expand...

so needless to say I'm way off :(
 
Mongrel4u said:
so needless to say I'm way off :(
Click to expand...

Yeah, sorry...but don't give up, there's a lot you can do to bring that same style, into a house in your price range.

here's some ideas:
1) Put in one of those single person swimming treadmill type pools. They're about 6 x 10 and have pumps that pump water towards you. It'll be about $120K less than the pool shown in the plan.
2) Cut out all that glass.
3) Instead of having 7 individual roofs, change the plan to have something like 3, one over the main entrance, one over the right side, then one over the left.
4) Put in a french balcony instead of a deck off the master bedroom.
5) Don't have a deck that runs around the entire house....lol Put in a nice 20 x 18 along the side and put a patio underneath (or that will be where your mini pool will go)
6) Cut out all the curves and coved ceilings. Since the place is very geometric to begin with, it will still be hot.
7) Take out that fricken laundry room and staircase on the upper left side. WTF is that for? Who has laundry to do on the MAIN floor? Put it upstairs where it should be in that triangular shaped room next to the vaulted ceiling main foyer over the den or for that matter, remove that whole 2nd story. The reason they can't show that as a bedroom is because it doesn't have a window (which by code it must have). Put that third roof over the den. That'll save you about $50 - $60K
8) WTH is anyone going to do with a 34 x 46 garage!! that's useless. If you want a 3 car, make one 36 x 20 and if you want, make the other rooms bigger.

That will get you down to more your price range yet still keep the overall appearance and appeal of the original.

Don't forget you still have to bury the land (about $200K) and lot upgrades (utilities etc). If you can find a nice lot, that has utilities already running to the property line, you can save a bundle. I know Ontario Hydro used to charge $5K per pole to run electric to your house....I think it's a lot more now.

If I was going to build something like this, I'd put the money into a solar heating/cooling/electric system. I've heard of people having 3000 sf homes get annual electric bills around $500.00 using the solar systems available now. I'd also look into geothermal heating. That's where they take ground water at 68 deg and use it to heat the house and warm up the water in the water heaters so the electrical only has to raise it a few degrees instead of 50.

Also instead of a mini pool, just put in a nice hot tub with an enclosure that can be fully opened to the elements but closed in for efficiency.
 
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