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square footage costs
figure $150 per sq. ft. Might vary, upwards to two million bucks
for sizeable lot. Five million will build you a nice house. Then you
must pay for it. Cheapest imaginable is a million bucks...WOW!
We built Teke house at KU in '64 for $600 K, 88 man house, too.
As a former mortgage banker and TKE volunteer forty years, I do
think it would be a helleva good investment. No booze in the house. Probably a housemother. Depends, again, on customs and area...Payoff 15 years or so...no prepayment penalty...
Frugal tip...build in sections, adding additional room/quarters. Do
the dining area so as to make for a chapter room also. It might
be unreasonable in these days to exceed a sixty man house, as
some will want their own stereos, boom boxes, TVs, other trappings which we did not have 'way back when. The sleeping
porch seems to be passé. too. Scroll numbers for room choice.
Nice to have one guest room, well-furnished and SACRED!
Do not skimp on what you build and allow room for expansion.
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