It is always cheaper to build your own house, especially if you are careful in selecting trades people. ... I was a licensed building contractor in California. if you buy a ready-made house then you are most likely paying a profit to anyone who came before you including the first buyer if not directly to a builder.

Contemporary House Design for a Narrow Lot

The cheapest house to build doesn't have to be small. With two stories of living space, this contemporary house plan would work great on a narrow lot. The super-simple design and open floor plan give you a spacious feeling, while cutting back on costs.

Average used home prices in Escondido

An ADU attached to a primary dwelling may be up to 50% of the size of the single-family residence, up to a maximum of 1,200 square feet. AnADUdetached from the single-family residence may be up to 1,200 square feet, regardless of the size of the residence. 1,450 sq. ft.

Cost at JP Homes Escondido California

Cost of the finished lot $22/-per sftwhich includes sewer system, utility water, Gas and Electric hookup

Cost of construction ranges from $205 to $360/-depending specifications

Financing of the project : suppose in the case of 10,000sft lot and 1210 sft( JP BAQI model )

Cost of the land : 220,000/-( when paid in full the lot will be registered in the buyers name )

Cost of the construction : 205@ 1210 = 240,050/-( this amount will be amortized for 36 months

Cost of the construction : 205@ 1210 = 240,050/-( this amount will be amortized for 36 months

$ 6890.27/-

Total cost = 460,050

If some one cannot make this much payment monthly, company can work on lower the monthly installments and the buyer has to come up with balloon payment at the closing of the term. Example if a buyer can pay only $4500/-monthly he will be paying $162,000/-that means he has to come up with $78,050/-balloon payment at the time of closing of the term.

( NOTE : this is just and example all deal will be different subject to size of the lot and construction specifications )