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re: Need some info Building a home.
Posted on 9/24/16 at 5:31 am to hungryone
Posted on 9/24/16 at 5:31 am to hungryone
quote:
One thing to beware of: if you're in a very rural area with few home sales and/or few houses valued at/near the $250/k you mentioned, you may run into problems with the appraisal not being as much as the house will cost to build.
He owns 31 acres free and clear and guy across street just bought acreage at 8500/ac. Using that as his comp 31 x 8500 puts his land only appraisal at $263500. Anyone building a dwelling under land value owned outright will be fine
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