Have you ever thought of Building your custom home in the Roaring Fork Valley?This blog was prompted by the list price of a variety of bank owned lots that have come on to the market recently. [edited by Zillow moderator to remove link to website]With the dramatic fall in real estate prices over the last couple of years, the prevailing wisdom has suggested that it is better to buy existing homes than build since they are so cheap.While I would not disagree with this outlook, land prices have fallen so dramatically that I believe it is now possible to build a brand new home to your exact specifications at a cost that could be equivalent to the current depressed market values.Along with every thing else in the valley, labor costs have fallen as the construction sector has been the hardest hit and contractors can no longer charge the high prices of 4 years ago.As a very rough guide, it should be possible to build a fairly simple home for around $150 / square foot and one with "high end" finishes for around $200 / square foot.August 05 2011 - Carbondale0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.