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re: What's the average % a builder chargers for a house?
Posted on 1/8/14 at 8:51 am to mack the knife
Posted on 1/8/14 at 8:51 am to mack the knife
quote:
10% of appraised value includes the lot. not to sound like a smart-arse, but appraisals include lot value.
My reason for the question is what do you do if you are building for a guy who has, 2000 acres, how do you calculate the land value or as you say it, the value of the lot?
2
Posted on 1/8/14 at 10:51 am to munchman
When acerage is involved and you are building a home somewhere on the acerage, you have a surveyor survey out a piece of the property where the home is built. That piece of the property with the home will be appraised.
Posted on 1/8/14 at 12:35 pm to munchman
quote:
munchman
quote:
My reason for the question is what do you do if you are building for a guy who has, 2000 acres, how do you calculate the land value or as you say it, the value of the lot?
what i have seen is what the poster above stated about having the home-site's boundaries set by a PLS. as an example: a friend of mine built his house on some inherited property, +/- 150 acres. the mortgage company/bank would only value 2 or 3 acres of it as a residential lot, the rest was valued as raw undeveloped land at a lower unit price.
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