Gatlinburg tn rental being affected by fires

[William Denniston]

Does anyone know if the rentals in chalet village area have been affected by the fires? I have two pieces of property up there and I am wanting to build a couple rental properties but was wondering if the rental cabins have taken a big decrease because of the fires?

[Chris Watson]

@William Denniston I currently have 3 builds going with 2 builders right now in the area.  BE CAREFUL on choosing your builder.  I interviewed a dozen and after walking through some of their builds I wouldn't let them build a mud pie for me.  Costs can go from $135-$160 sq ft depending on your design, foundation, and interior finishings.  My most unique design is running $160 sq ft but I still have to furnish it so all in with furnishings is $290K + Land to get operational for a 3 bedroom and for my 5 bedroom (3,100 sq ft) $440K + Land to be operational.  If they are saying $150 sq ft and never set foot on your lot then expect problems and run away.  My suggestion is if you do not have an excellent view from your lots then sell them and get with @Avery Carl to find you a decent cabin as it would be cheaper in the long run and provide cash flow immediately.  If you have a good view then possibly build if the lot isn't very steep as the foundation can run from $20K to $100K+ .  The lot is everything in making the decision.  If you want to build check with the contractors at NatureCraft or Natural Elements.  It just so happens both the guys at these have the same name "Steve".