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re: Does building a new home result in any home equity?
Posted on 10/1/19 at 7:36 pm to jammintiger
Posted on 10/1/19 at 7:36 pm to jammintiger
Your equity is the value of your home over the purchase / loan value.
Posted on 10/1/19 at 7:40 pm to zuluboudreaux
Right, and I may be asking the question wrong. Say it costs 400k to build a new house in a new neighborhood. The day you move in, is the house typically worth more than 400k or less (or the same). I didn’t know if you basically got a deal by going through the building process, apart of course from getting the home built to your taste.
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