*Are you planning on build or buying a house in the near future?*
@TFerns1943 жыл бұрын
Just closed on our first home, looking to build our next within 10 years !
@bigstar1113 жыл бұрын
No way! Prices are way inflated!
@WhiteBoardFinance3 жыл бұрын
@@TFerns194 Congrats, best of luck to you
@MathiasJarlson3 жыл бұрын
We attempted to buy in DFW. Homes that were listed for 210k were going for 255k CASH. People are out of their minds here!
@TFerns1943 жыл бұрын
Marko - WhiteBoard Finance thank you! Keep up the videos please ! They help a lot of us
@creativeblackgirlstorytelling3 жыл бұрын
I’m looking to build my first home. I live in Huntsville Alabama. I’ve gotten my personal debt down to zero so hopefully I’ll be able to afford to build the home I want. It’s nothing to fancy just big enough for my kids and I.
@Marie-en4fm3 жыл бұрын
Yessss! You got this.
@Nikki-bk1wf3 жыл бұрын
You got this girl! You will build the home perfect for you and your family. :)
@divyasrirajyala65173 жыл бұрын
All the best!
@Sloba19922 жыл бұрын
Good luck
@iammelonlord69212 жыл бұрын
You seem like a wonderful mom.
@101realtor3 жыл бұрын
Negotiation tips for buying a new home. If it’s right at the end of the quarter and they are trying to meet certain numbers, you can typically get a good amount of credits or a reduction in purchase price. It is a bit hard to plan for this but a lot of times if someone drops out of contract right around the end of the quarter you can pick up a deal quite a bit easier than any other time.
@HarryFunmaker3 жыл бұрын
Lumber prices are insane right now. That has to hurt the cost of building new. I bought a fixer upper and I'm fixing it's issues. It's more satisfying and I can save money by doing some of the stuff myself. I still get control over paint, cabinets, flooring, etc. because I pretty much had to gut the whole house. I can't change how many bedrooms there are, but chances are you can find a house with the layout you want if you're not super picky. The big con is that my repair budget estimates are always lower than I think.
@beastfromtheeast93183 жыл бұрын
After having a home that was 26 years old, I definitely prefer a newly built home or a home no older than 3 years. Trust me, it’s less of a headache.
@nehamahajan8288 Жыл бұрын
😅
@kashmir8832 жыл бұрын
I love how Marko is wearing Polo
@lutongmybahay13753 жыл бұрын
We got our first home and it is a 13 year old house that looks brand new and the builder is known to be a good one. We got lucky I guess that nobody wanted it because it looked so plain on pictures. Now, we just need to pay it off in 20 years 🙏.
@amorgod77763 жыл бұрын
imagine divorcing over building a home
@josealexe92492 жыл бұрын
Keep it to yourself… you’re giving women more ideas…
@jrmjay94782 жыл бұрын
@@josealexe9249 hahaha
@James-di8is3 жыл бұрын
I'm building my own house on my own land, I've already got the design down. Also, I'm not hiring anyone to help me, I'm doing it myself.
@Ares_gaming_1173 жыл бұрын
Wow that's incredible, how are you doing that? Aren't there like 20 different trades that go into building a house? HVAC, plumbing, electric, masonry, landscaping, framing, etc?
@johnnyrico7073 жыл бұрын
@@Ares_gaming_117 he's the jack of all trades. Master of none
@drewstevens22443 жыл бұрын
A lot of us that are in the trades will trade time for work when something is just outside their core knowledge. Also theres nothing stopping people like myself from learning the other trades and what codes requires.
@Ares_gaming_1173 жыл бұрын
@@drewstevens2244 is it feasible to learn all the trades required to build a house yourself though?
@drewstevens22443 жыл бұрын
@@Ares_gaming_117 yes actually it is. The hardest one is the carpentry side of it all. Myself and 2 people have actually built a 2600 sqft house.
@GrowWithWill3 жыл бұрын
This is a great video topic -- tons of people always area talking about buy vs. rent, but this is a great question that needs more exposure as well!
@desimo1473 жыл бұрын
When you buy new, you can easily add $100,000 to the starting price with lot upgrades and finish upgrades. New homes are very expensive these days.
@betruetoyourself71623 жыл бұрын
New build has always been expensive. If you are buying from a developer, they may be able to keep costs down, but they will skimp as much as possible on quality. As far as custom made homes, engineers and architects dream of being able to do that in my area. It is still too expensive for many.
@xenakaifinancevideos86503 жыл бұрын
I always wonder how those people on the HGTV shows can afford those homes !
@tiktokmania37683 жыл бұрын
That is why i am here. Hehe
@feliciahayes95323 жыл бұрын
They have invested and uses their investments.
@reliic3 жыл бұрын
Its fake and the people are actors.
@ShalattiStrzUCM2 жыл бұрын
@@reliic lol
@happy_bubble72 жыл бұрын
Oklahoma only has 2 seasons. Extremely hot and humid (April-,October) and kinda cold (1/2 of fall through April). Lol
@LuLu-kk5gs2 жыл бұрын
My mom wants to gift me her land. I think I will go for it. Good news
@nicholasray11623 жыл бұрын
It's insane trying to buy a place here in Washington 😭
@ChrisRampersad3 жыл бұрын
Great video. I know a couple who just built, they love the floor plan -main level living, laundry on main floor open concept etc, which was why they decided to build. Surprisingly they could still build when their jobs weren't in butterfly collecting.
@tykuresa223 жыл бұрын
"You're in complete control when you build a home" You'll think so at first lol
@whysoserious70143 жыл бұрын
Property tax is evil tax, pay the house off, God forbid there be a personal crisis and can't keep up that property tax. The county government will sell you out for the property tax on the house you bust your ass to pay off. You truly never own it out right.
@nagarjunapentakota89642 жыл бұрын
Thank You
@JaneK-sw7ly3 жыл бұрын
LOVE the last point of “it’s just a house”. In this culture of IG and FOMO, it’s so easy to get lost in the dream, but at the end of your life, you ain’t taking the house with you and it will not bring you that ultimate joy.
@Nikki-bk1wf3 жыл бұрын
You never seen a hearse hauling a U-Haul :)
@finrowrealty3 жыл бұрын
Thanks for sharing the pros and cons! New build homes are great however you do pay a premium for new. Higher taxes, HOA fees, and home prices. But you do get a great product 🏡💵
@louididdy3 жыл бұрын
12:55 - Greatest outro ever!
@003am23 жыл бұрын
Heh...
@eternalpunition3 жыл бұрын
Worth staying until the very end! Let’s go! 😂
@jmsl20272 жыл бұрын
I honestly stick to the end for the "Eraser Talk"
@mariablackburn95092 жыл бұрын
Thanks for sharing
@beatdown_kai15342 жыл бұрын
The ending definitely made me like and sub 😂
@rentospropertymanagementso48953 жыл бұрын
A helpful analysis of the pros and cons of building a home v/s buying a home. Thank you for sharing the video.
@coryloveland46673 жыл бұрын
I’m in Idaho and neither option is good, there isn’t much inventory and there are a ton of people moving in from out of state. The cost to build is out of control because the cost of materials have quadrupled in the last 6 months. On top of that most builders are a year or two out of even starting your home.
@khaleghnoori28952 жыл бұрын
I truly enjoy watching your videos because they are very informative and I can learn from them. Plus you are extremely articulate and nice. Keep up the good work man !
@joymae2 жыл бұрын
Def leaning more on buildin!!!
@greengreen52862 жыл бұрын
I smashed the like button😁
@zacharyholgate79683 жыл бұрын
I just finished the whole process of building a home and have fully moved in to my new 6,000 Sq. Ft. Georgian Colonial w/h finished basement and large 2 car garage 5 bed all w/h on suite bath's and closest space, then there's the master bedroom, library sitting/family room 2 half baths gourmet kitchen, my office, game room and storage etc.. I started the building process when I was 18 now I'm 21 and I live alone. money is not a concern for me never was/has been, I started to invest at 16 now I pull in around $25,860 USD a month and am also a looking into trade schools, I also have some passive income thanks to your videos on the matter. my parent's helped me with a lot of this and I learned a lot from them they've built 7 homes all around DC/Maryland so I have plenty of experience for me to learn from.
@427skies2 жыл бұрын
How are you bringing in almost 26k a month?
@daprinceomar3 жыл бұрын
LMFAO that ending! xD
@mariepaukowits1709 Жыл бұрын
Good stuff thanks
@yourefriendlyneighborhoodbuddy2 жыл бұрын
Im tired of being out bid or not having an FHA HOUSE everyone wants cash otlr conventional for their lump of shit... so I'd rather buy land for $5000 out a trailer on it and build on it slowly
@stargazer50733 жыл бұрын
Cost of building supplies have sky rocketed!
@greengreen52862 жыл бұрын
His wisdom & humor😂💞🙏🏽
@victorsr67083 жыл бұрын
Just an opinion for a guy that’s lived a little. If you have the land and it’s paid for or you have been gifted the land then go for it. If not it’s a real pain to get a loan from the bank. Also adding utilities to the land might take over a year depending on where you live. I live in the Bay Area and our utility company is about a year out. Heaven forbid there is an endangered burrowing owl on your land, then you will really be in trouble.
@evanbozogan2322 жыл бұрын
0:09
@greengreen52862 жыл бұрын
I swear it always the bloopers for me😂😂😂
@akosuapomaa7873 жыл бұрын
Thanks!
@makemoneynow50613 жыл бұрын
Your videos are splendid! Thank you for giving me a new perspective to contemplate!
@dsolo03223 жыл бұрын
I’m a Domino’s franchisee too😀..considering buying vs building. Both are crazy expensive so we’re staying on the sidelines. Building costs $170ish sf in my market for what we want. Existing homes are mostly selling 140-160sf and we have to update most of them. I don’t believe these prices hold where we live. Was $150sf to build & 120-130ishsf for existing homes before pandemic.
@shelleygreyrealtor11 ай бұрын
Hopefully, you got in....
@RichardxRunit3 жыл бұрын
That ending killed me 😂😂
@manuelugarte98592 жыл бұрын
Lmaooo the end 🤣🤣🤣 let's gooo son 🤣🤣
@GigiGaskaite3 жыл бұрын
*_In my opinion building is too expensive at the moment for price per SF_*
@widescreen12723 жыл бұрын
But maintenance and repair of older homes can make you spend more $$$.
@makemoneynow50613 жыл бұрын
Glad I found this channel! Your videos are so good!
@AngeloBonaveraArt3 жыл бұрын
which one is more expensive per square feet? Building or Buyding?
@MaleficaRue3 жыл бұрын
I subbed because of your outro LMAO!
@standonfit3 жыл бұрын
You deserve more subscribers :)
@deysidmz84833 жыл бұрын
I want land but my realtor said buy a house get equity then buy land But I just don’t feel it- I’ll owe money on a property still, I know I can rent it or sell it but living in California is hard as hell Like I just don’t see it
@tusharprasad27343 жыл бұрын
2:10 of course there is bidding war between the builders
@noreaction13 жыл бұрын
There are still bidding wars, but instead of bidding on the home, contractors bid on the work you will pay for
@matteomancino4913 жыл бұрын
Thanks for sharing Marko!
@daglaisgaitnieks3 жыл бұрын
I'm 15 and my literal dream is to build a house in a forest and live there. Thank you, the video helped! ;)
@kjae1113 жыл бұрын
same with me ahah i'm 14 tho
@denise_discovered52742 жыл бұрын
I want to build a home in San Antonio Texas. They have quite a few lots for sale.
@wrxzboost3 жыл бұрын
the process of building a home and the stress/headache involved outweights the pros of having less headaches down the road with a new home.
@Calarco53 жыл бұрын
Marko, thanks for this video. Here in Miami, it is difficult to decide between buy or build because most homes are extremely old, expensive and need renovation (money pit), or building a new home means living over an hour from downtown (with traffic maybe 1.5 hours) and paying an expensive price. The housing market is honestly crazy right now.
@Krumpy3 жыл бұрын
thanks for this video man!
@Baker199112 жыл бұрын
I placed a bomb on the like button. sorry
@flyone83502 жыл бұрын
How much does it cost to build a one bedroom house inside wall to wall size 30ft x 15ft with a basement and the bedroom in a upstairs attic/loft? Small footprint on hilly land ?
@rexr33063 жыл бұрын
Hey Marko I have a question. So let's say I bought a plot of land for $100k and then build a home on it and the value of the property goes up to $1m. I want to know if I will only have to pay property tax on the 100k I bought the property for or on the 1m the property is valued at now?
@lomarko99922 жыл бұрын
on the $1m
@bravechicken62513 жыл бұрын
I think a good idea for a vid is rent vs buy.. a great vid as always. Thanks.
@johnvee40543 жыл бұрын
Subscribed! Marko, my wife and I are done renting so we're in the market somewhere in L.A. county where the $ list for ~1500sq ft home w/ 3-4 bedrooms is ~$750k. Sorry if I missed it in the video, but is buying land then building...actually cheaper than trying to get an existing house in the valley which are selling beyond $850k after bidding wars? Thanks for the video, esp the "just a house" reminder.
@benlemon1793 жыл бұрын
One of my friends built his modern custom home 4,800sqft for 850,000 and sold it for 1.2 two weeks ago so I’m guessing building saves you
@benlemon1793 жыл бұрын
@Marko - WhiteBoard Finance I will check it out but my friend lived in the house for 3 years and made 400k profit
@benlemon1793 жыл бұрын
When he sold it
@waltmachado12943 жыл бұрын
😂😂😂 love the ending!! 🤣
@patriciaariley5810 Жыл бұрын
Say I have a double lot side to side, and want to build a home for resale as well as cut property taxes.
@edgararcega30462 жыл бұрын
My dad wants to give me his house. It's a pretty big house around 4200 square feet with a 14000 lot but wow... It's one of them old 1980's homes! I don't wanna be rude and say no but really i think it's more than i need. I'm trying to buy a more modern home myself that's why I'm here.
@tumelotsie1733 жыл бұрын
Wow! Thanks Marko, do you have a book? I would love to read your book
@kalyanvejalla3 жыл бұрын
Could you make a video on how to find good rental properties and more about buying rental properties for passive income? I see you own one (where the dominoes franchisee stayed)
@tongl2743 жыл бұрын
Buy don't build; unless you are really rich/millionaire.
@jamescurrin20793 жыл бұрын
Any video covering criteria to assess when considering to refinance??
@jrmjay94782 жыл бұрын
When you hire an architect, do u still have to hire a contractor?
@ItsGordo2 Жыл бұрын
Architect designs. Contractor builds
@WhatDidIJustWatch78701 Жыл бұрын
LMAO, the end of this video killed me
@tyjameson74043 жыл бұрын
Marko is chingone 👍🏼🙏🏽❤️🙌🏼👌👏
@jajajaja26243 жыл бұрын
I want to what happens to home prices after the federal reserve stop playing smoke and mirrors with rates under the new administration.
@Nighthawk_r332 жыл бұрын
I don't have to worry about stress as I am single and never married.
@imanilewisglasspiegel24023 жыл бұрын
What percentage of your budget should be dedicated to hidden costs? 20%? 30%?
@keychau95172 жыл бұрын
too expensive. i just closed escrow a house 3400 sq/ft 4 car garage for 420K
@Luishjp3 жыл бұрын
Quick question. I use credit karma to check my score. I recently refinance my car for a way better rate. 60 month term with 18.9% which I had 11 month into it and had paid 60% off already to a 24 month term with 3.1% interest. The bank screwed up and labeled check with wrong adress causing a delay so for a month and a half there was 2 auto loans on my credit opened but this had no affect on my score. As soon as old loan was paid off and closed. My score dropped 10 points instantly. Why does this happen when closing auto loan and how long does it take recover. Thanks and enjoy your info
@bakkks3 жыл бұрын
Hey Marko, kudos for predicting the 2020 market dip. Do you think another one is coming soon ? Would it depend on the election result ?
@dejoriamckinney7903 жыл бұрын
If your unsure on how to build can you buy a layout already made but hasn’t been started on building
@beastfromtheeast93183 жыл бұрын
Forget custom build homes. Get a cookie cutter. You get incentives, better warranties, and you don’t have to wait a year or 2 for it to be done.
@lmfaononamelolswed420211 ай бұрын
If the house owed taxes do we have to pay those taxes??
@Nighthawk_r332 жыл бұрын
What is your opinion on buying land and place a double wide trailer/mobile home and build up on that trailer/mobile home?
@tameerwilliams3 жыл бұрын
I'm gonna SMASH the like button lol
@luisvalencia91803 жыл бұрын
Lol. Great video man. Thanks
@chinchilla5053 жыл бұрын
Everyone watchin this moving to texas lol.
@taejahjones81883 жыл бұрын
But in the long run is building a house better ?
@armando.visuals3 жыл бұрын
I know is off the subj but... Any used car dealership in Vegas you know about that you trust or so?
@joeybellefeuille90452 жыл бұрын
What if the cost of buying a fully finished home is way!!!! More expensive than a vacant lot.
@pinasandfriends20363 жыл бұрын
Hi Marko do you know how much to build a one bedroom house nowadays
@jp24-3 жыл бұрын
hello marko i have a question
@marstotalchaos473510 ай бұрын
Why do I watch 'til the end? Lol
@princessbejai32762 жыл бұрын
At the end 🤦🏽♀️🤣😂😂😂 a fool
@yoda555553 жыл бұрын
Good luck with finding an honest construction company. We hired an all American roof company and the subcontracted to another but smaller all non-american company. Miserable job.
@princenkansah59663 жыл бұрын
Marco..! POLO 🗣️
@WhiteBoardFinance3 жыл бұрын
*Marko
@princenkansah59663 жыл бұрын
@@WhiteBoardFinance oups 🤭
@lissettelozada87693 жыл бұрын
Marko...quick question. Are you married?
@DavidWilson-sm2ym3 жыл бұрын
"Teachers, are you even real people?" Come on, Marko.
@WhiteBoardFinance3 жыл бұрын
what?
@DarinPirkey3 жыл бұрын
We are in the middle of building a home with Ryan Homes