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richmond bc macmansions: Richmond's Million dollar Homes > Richmond MacMansions - 12/30/07 09:05 PM
Richmond's Million Dollar Homes
The reason why large-size lots are popular is because new homes built on these lots are in demand and they are selling for $1.35 to $2.00 million dollars. There are profit to be made by new home  builders who are building spec homes for sale. You can view the million dollar Richmond homes here.
The profit margin for purchase-and-build is normally at 20% to 25%. But, for builders who are building on properties they bought 1 to 3 years ago, they can make a lot more money building and selling these new homes. The property appreciation already … (0 comments)

 

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