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So would your house sell at a premium relative to a buying the land and having a new house built? If so, it's definitely appreciated, but that sounds like a ver

So would your house sell at a premium relative to a buying the land and having a new house built? If so, it's definitely appreciated, but that sounds like a very uncommon scenario!

greedo 5y ago
It's hard to say. I don't know the permitting costs in my city, nor the costs for water/sewer hookups either. My house is nice, but nothing special for the area. Assuming a $125/sqft cost, a house like mine would be around $225K plus the lot ($70K) for a total of $295K. The only thing I've seen that might have helped the house appreciation is the completion of an elementary school in our neighborhood.