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Group 6: Buying vs Building a house Group members: Tri Truong Almutaz Rahman Anna Bullara Eugene Pyu Richard Morrow.

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Presentation on theme: "Group 6: Buying vs Building a house Group members: Tri Truong Almutaz Rahman Anna Bullara Eugene Pyu Richard Morrow."— Presentation transcript:

1 Group 6: Buying vs Building a house Group members: Tri Truong Almutaz Rahman Anna Bullara Eugene Pyu Richard Morrow

2 Building Lot Location: City of Monrovia Lot size: 6,500 sqft Price: $ 160,000 Cost to build: Avg $135/ squarefoot

3 House Location: City of Monrovia House size: 2400 sqft Lot size: 6500 sqft 4 Bedrooms 3 bathrooms Price: $800,000

4 Methodology Comparing between the cost of building a house from scratch and buying an already- built house in the same location. Comparing which one will yield a better profit when selling in 10 years. The rate of inflation of 3% will be considered in our calculations.

5 Resources Internet www.imrmls.com www.google.com www.century21.com Real estate agents General contractors

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