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Updated almost 8 years ago on . Most recent reply

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Kirankumar Chasia
  • Trenton, NJ
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Building from a burnt house in Gatlinburg, Tennesse

Kirankumar Chasia
  • Trenton, NJ
Posted

I am newbie Investor in Tennessee  area. I am interested in buying a plot/land from one of those burnt houses in Gatlinburg, TN which was affected by the recent wildfire.

I am looking for good suggestions for Realtors, Architects and Builders who can help me with that process and any other word of caution or suggestions, will be highly appreciated. Thanks.

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Chris Watson#5 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Florida
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@Kirankumar Chasia I am in the middle of building now in Sevier County.  Why even builders do not recommend inside Gatlinburg city limits is the new costly codes for Gatlinburg.  Outside the city for a main level and completed basement the two best builder's I found charge between $120-$140 sq ft turn key.  The major costs are more of the dirt work, foundation, well and septic.  These costs can jump quick.  My well is expected to be 600 ft and be close to $12K.  If you need septic and sitting on bedrock expect high costs to blast add up to another $10K.  Have a steep lot...add up to $100K for foundation.  Expect the burnt pad to be fine.....it might not and might need to be dug up and replaced add $50K.  I picked my lots up on the cheap and bedrock is 20 ft down so my costs are not bad.  Depending on what you are looking at if you buy one already built you will have an extra 9-12 months income vs. building.  I have a 25 yr strategy so my selection to build is based on that strategy, but if I see an already built come on the market that meet my criteria I have the funds on the sideline and ready to pounce.
 

As Lucas said get with @Avery Carl she knows the area and goes into almost any property with potential. 

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