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re: Real estate question...

Posted on 3/31/10 at 9:00 am to
Posted by arrakis
Member since Nov 2008
21168 posts
Posted on 3/31/10 at 9:00 am to
quote:

how much I can expect the property value to increase

Your tax statement doesn't break out the land and dwelling into separate items?
Posted by guttata
prairieville
Member since Feb 2006
22515 posts
Posted on 3/31/10 at 9:11 am to
Would the neighborhood association allow you to buy a lot to put a pool on it? I would imagine that most neighborhood associations would only allow a house to be put on the lot. What if someone wanted to buy a lot next to their house and they put a storage unit on it to store their landscaping business machines?
This post was edited on 3/31/10 at 9:14 am
Posted by HoustonsTiger
Houston
Member since Feb 2007
388 posts
Posted on 3/31/10 at 9:27 am to
quote:

Your tax statement doesn't break out the land and dwelling into separate items?


It breaks the values out in a dollar amount between resident (~210k) and land(~60k), yes. But I'm sure the land value of the vacant lot will decrease with a pool on it, but how much will my total property value increase in comparison by expanding the square footage of the total property with the addition of a pool?
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