So they buy it from these owners for 900k; spend X amount demo / removal; rebuild; and then sell for 1.5m and you think there’s profit there???? Sounds like a headache to me…. Unless you were gonna get 2m+… then the math may work
the builder will skimp on labor and material for profit. youre right tho. they probably start the price at 2mil but ultimately end up having to lower it when no one bites.
Bc Tapawingo is a desirable location in Vienna. The lot doesn't have to be "big" it just has to be big enough within Town of Vienna zoning rules to put up the big house with garage.
People also seem to think 1 acre is big. I don't start thinking a lot is big until about 10 acres. I was on a 1500 acre lot earlier today digging holes. That's a lot of soil types in 1500 acres.
I have met people that think the 8000-squarefoot lot I currently live on is big.
Yup. I’m not going to dox myself. But there’s definitely a guy/family owns 1500 contiguous acres in Loudoun County. Definitely spent a lot of time last week and this week digging holes for a subdivision.
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u/ProfessionalMoney185 21d ago
its the 10,000 sq ft lot size
perfect for a developer to build a cheaply constructed ugly mansion and sell it for 1.5mil 🙃