VALUE: more for your dollar...
The average cost-per-square-foot to buy an existing home - that may need repairs or
renovations and will certainly need upgrades - was $233 in 2010 and $197 in 2009.
Compared to building your own CUSTOM NEW home in Mountain Arrow,
which
is $237 - INCLUDING THE LOT.
The value is there on paper. You CAN build new rather than buy and renovate...
| 2009 | Age | Sq Ft | Land Acreage | Sale Price | Cost per Square Foot | |
|---|---|---|---|---|---|---|
| House 1 | 191 | 2207 | 0.31 | $500,000 | $227 | |
| House 2 | 28 | 3300 | 1.03 | $532,500 | $161 | |
| House 3 | 146 | 3907 | 1.3 | $530,000 | $136 | |
| House 4 | 148 | 4138 | 0.65 | $790,000 | $191 | |
| House 5 | 51 | 3438 | 0.98 | $935,000 | $272 | (Average: $197) |
| 2010 | ||||||
| House 1 | 208 | 2962 | 0.85 | $760,000 | $257 | |
| House 2 | 162 | 2704 | 0.25 | $568,000 | $210 | |
| House 3 | 152 | 4059 | 2.25 | $737,000 | $182 | |
| House 4 | 16 | 3037 | 0.5 | $555,000 | $183 | |
| House 5 | 5 | 1642 | 0.33 | $545,000 | $332 | (Average: $233) |
| MT ARROW | Brand New! | 2938 | 0.71 | $672,000 | $237 | (Average: $237) |
Benefits of Building New
Rather Than Buying An Existing Home
- You get EXACTLY what you really want.
- Opportunity to use green and low maintenance materials.
- Opportunity to use energy-efficient systems and materials.
- Spend less money building new than renovating old and trying to get what you want.
- Save on maintenance costs well into the future.
- Less chance of substantial unknown surprises with NEW construction vs older home renovations.
Benefits of Purchasing in Mountain Arrow
- Walking distance to the harbor, shops & restaurants, yet has a rural feel.
- Live in a luxury home community of attractive Shingle-Style homes.
- Protective covenants to help preserve property values.
- Underground power, cable, phone, public water & sewer.
- Village Green & park-like walking areas and borders Camden Hills State Park.
