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Larger detached homes are individually worth far more than townhouses.
by valuearb 6y ago
Larger detached homes are individually worth far more than townhouses.
- MiroF 6y agoThe average townhouse is worth more than the average detached home because of where you find each type.
- leetcrew 6y agoif you had a large detached home in my city neighborhood, yes, it would be far more valuable. it wouldn't be more valuable than all the rowhouses you could have fit on the same lot though.
- earthboundkid 6y agoIn what jurisdiction? E.g. Baltimore: - https://www.zillow.com/homedetails/4219-Wickford-Rd-Baltimore-MD-21210/36479155_zpid/ https://www.zillow.com/homedetails/4219-Wickford-Rd-Baltimor... $489K, 2,200sqft - https://www.zillow.com/homedetails/1040-N-Calvert-St-Baltimore-MD-21202/2079632750_zpid/ https://www.zillow.com/homedetails/1040-N-Calvert-St-Baltimo... $494K, 3,900sqft ISTM, you pay more to detach your house, but most of the price goes into location+square footage.
- valuearb 6y agoExactly, land is expensive. The same quality detached home will always net a premium over same size townhome because of the additional land included.
- pnutjam 6y agoOnly in expensive urban areas, not in smaller towns and cities.
- valuearb 6y agoThe difference is less in less dense areas where land is cheaper, but the extra land associated with detached homes always adds value.