Quote:
Originally Posted by burn_baby_burn
That could be affordable for some. But an additional $45,000 on $300,000 is actually quite an expense for the average family. Considering you still need to landscape and build a fence at approximately $10,000. Then finish your basement for another additional cost of approximately $30,000 or $20,000 if you do it your self. The average individual, especially a first time home buyer, would have trouble getting the bank or a mortgage lender to give them the extra money to have the architect design the house.
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A first time home buyer would have problems associated with this, most definitely. But with the amount of affluent young professionals in this city, and the amount of established professionals already here, combined with the chaotic flow of income due to the red hot economy, now's as good a time as its ever going to be for people to be using this service.
The additional costs associated with it - landscaping, basement work... those can add up. I guess it's all about how you plan it and work it into a budget. Designing a custom home takes preparation, planning and requires a dedication to a schedule. But, it's more than worth it in the end, especially if you plan on selling it one day.
Well planned and thought-out design can add significant value to your house. Architecture helps to accomplish that.