Why is new construction so expensive?

Older houses used worse materials than modern houses like asbestos and lead. They also require more work over time like new electrical rewiring, plubming, roofing repairs, foundation repairs, re-plastering, etc ... all of which can cost a shit load. That's why houses are considered a depreciating asset since everything degrades over time and styles go out of date.

It's not the house that goes up in value but the land, desu, and you'll probably find that the houses in your area are about two times the cost of the underling land which means its not that attractive of a location for investors (not that, that's bad but you should know what to expect.) Is there any reason why you need a new home? If you get one of those old homes inspected you can find the one that will need the least done in the next 100 years.

>>1544471
>It's not the house that goes up in value but the land
This.
The land my house sits on is worth close to 10x the value of the structure.

>>1544461
contractors usually charge over $100/hour for labor.

>>1544471
>Older houses used worse materials than modern houses like asbestos and lead.

That's offset by the fact that a lot of modern houses are build with cheap materials like particle/chip board, which are very vulnerable to water damage.

>>1544461
I ahear you. Tryin to get some custom plans for my new home. Ive had firms quote me as high as 15% of build cost. Fucking ridiculous for a few squiggles

>>1544496
I mostly agree with you, DESU. It's all mass product shit with ultra-modern appearances but fake materials. People want it to look like they're using stone or oak in their homes by using fake textures on the walls and floors, and they're too cheap to buy quality. Even the limber used for housing frames is fucking terrible. Modern houses probably won't last very long but I'm guessing the wiring, plumbing, and concrete will

>>1544539

on top of that we have problems here where the builder subcontracts to another company who subcontracts to another company who subcontracts to a bunch of pajeets who get the job signed off then pull the rebar back out of the ground before pouring the concrete, to save money

Do you want to know the real reason?

The mortgage officer at the bank is in cahoots with the contractor

Swear to god

Are you building it yourself, or hiring contractors? Do you have to obey building code regulations? Because it's much cheaper if you don't, but then the house could burn down or blow up. Also, utilities companies might refuse to connect t to it. A lot of the money is to pay some contractor to do a job, and then you have to pay another guy to fix it next month/next year/in ten years, when the building inspector says the original contractor completely botched the job, and your house is a ticking time bomb.

>>1544638
/thread