Buy or build in Denton… Which is cheaper? By Janet Petrozelle
D
eciding whether to buy or build a house is a personal decision triggered by several factors. Building means waiting till the whole process is over. On the other hand, purchasing an entirely built home will be followed by moving in almost immediately, thus saving time. 1. THE BUYING PRICE OF HOMES IN DENTON Denton is located in Texas and has approximately nine neighborhoods. It is a rapidly growing city with houses that range from $23K to $4.2 M depending on where the house is located. Houses found in Denton are 3-bedroomed houses, multistorey, or condos. The median home listing costs around $170K. Year over year trend for houses in Denton is higher by 17%. 2. THE BUILDING PRICE OF HOMES IN DENTON cost of buildings depends on the location, the size of the building constructed, and the customization required during the building process. The average site work and land cost range from $90 to $200 per square foot. The building price also depends on whether the house is built with a standard grade of materials, ranging from $83-$138 per square foot. Premium grade construction costs between $125 and $155 per square foot, while luxury construction costs about $165 to $185 per square foot.
3. MAIN COSTS OF BUILDING WORKS Construction costs vary with location, the material used, unique features to be included, and labor costs paid to workers. Building materials usually are 50% of the total building costs. They include lumber, concrete, roofing siding, and flooring. Building costs also involve hiring laborers to perform activities such as fitting electric cables and plumbing pipes. Laborers are paid differently depending on the location of the building being put up. Construction managers are paid between $3020-$48000, and other workers are paid differently depending on the work type. The cost of building is usually affected by various house factors such as size, location, and customization of the house. Larger-sized homes are more expensive than small-sized houses. In Danton, building costs range from $70-$150 per square foot. Location affects building in homes because areas are associated with the well-off and thus more expensive to construct. Customization is when one constructing a house prefers having a particular type of door or flooring with a different cost. For example, wood flooring may be more expensive than tile floors.
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