New Home Build Cost Comparison Tactic
Hi BP!
In markets with fairly big swings in appreciation (like California), Ive heard on a few podcasts that a good tactic to tell if the current price is a safe one is how it compares to the cost to build a new home that’s similar, and if it’s less than that it’s probably a safe bet (given of course that you’ve run all the numbers and it maths out, I know to never bank on appreciation, icing on the cake). What are your thoughts and what’s the best way to determine that new house cost? Is it just to get prices of recent home builds in the area from real estate agents?