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30x40 metal building value
Posted on 2/17/20 at 12:23 pm
Posted on 2/17/20 at 12:23 pm
Can the H&G board give me an approximate value of a 30x40 metal building that is on a slab, insulated and has an HVAC... Nothing else included in the structure. Building is 15 years old. Trying to determine a value without consideration of the land.
Thanks
ib4..350
Thanks
ib4..350
Posted on 2/17/20 at 12:29 pm to failuretocommunicate
this will tell you what its worth LINK
This post was edited on 2/17/20 at 12:30 pm
Posted on 2/17/20 at 12:44 pm to keakar
I looked online however I'm not interested in knowing replacement value I was more interested to find out the value of a 15 year old structure, not new. Maybe there's no significant depreciation but I'd be curious to know what the H&G experts think
Posted on 2/17/20 at 1:12 pm to failuretocommunicate
quote:
I looked online however I'm not interested in knowing replacement value
just like with cars, assume the used one is worth half of what a new one costs and then increase or decrease value based on condition
to be honest it has no real value to anyone who wants just the land and may see it as something they have to pay to remove. likewise it could be seen as an added benefit to increase the value of it all. its hard to put a value on it because its what the buyer thinks its work is all that matters and 2 buyers can feel exactly opposite about the building
thats why i said see what a new one costs and assume its worth half that and proceed along those lines. but the buyer may honestly not GAF about the building one way or the other, meaning it has no real value to them in their offer to buy the place
Posted on 2/17/20 at 1:48 pm to failuretocommunicate
In what zip code? also any doors or windows, if so what type? How tall are the walls?
This post was edited on 2/17/20 at 1:50 pm
Posted on 2/17/20 at 2:53 pm to keakar
quote:
to be honest it has no real value to anyone who wants just the land and may see it as something they have to pay to remove. likewise it could be seen as an added benefit to increase the value of it all. its hard to put a value on it because its what the buyer thinks its work is all that matters and 2 buyers can feel exactly opposite about the building
This is exactly my feeling. I really don't value it at all and might actually have a negative effect on the overall property value. Aesthetically it doesn't fit with the rest of the property and to me devalues the entire property. However, Someone might view it as an added benefit and not care about aesthetics.
Posted on 2/18/20 at 5:26 am to failuretocommunicate
Is it all metal or wood post frame? IMHO if the homeowner values it then it has value. You can make an offer discountIng the perceived value but seller can decide not to accept. I’d like to think 75%-80% of building’s cost would be reasonable to the right buyer for an all metal building as you describe.
Posted on 2/18/20 at 8:31 am to failuretocommunicate
For lower quality of construction, I would say $20/sf. For a nice tall building with insulation and HVAC and an overhead door more like $24-25/sf,
Posted on 2/18/20 at 8:57 am to failuretocommunicate
This post was edited on 1/11/21 at 1:47 pm
Posted on 2/18/20 at 2:08 pm to El Segundo Guy
quote:This is probably reasonable but ultimately it will come down to buyer vs seller motivation. Also building placement on the property may have an impact, as a poorly placed building can impact other consideration for the property potentially making the building a liability.
For lower quality of construction, I would say $20/sf. For a nice tall building with insulation and HVAC and an overhead door more like $24-25/sf,
Posted on 2/18/20 at 2:26 pm to mdomingue
Thanks for all of the input. The property contains a small cottage and the metal building. I'm trying to decide what the value of the entire proper is to me. As previously mentioned I have very little use for the building and wife would probably want to take it down, sell it and be done with the eyesore (as she puts it). I'm sure many folks would love to have it. Is there a reasonable secondary market for these things? What is y'all's opinion as to value on the secondary market.... For the structure? It's in good shape, insulated, HVAC, and has 3 roll up doors.
Edit... In a nutshell I want the small house and property but don't want to pay for the building.
Edit... In a nutshell I want the small house and property but don't want to pay for the building.
This post was edited on 2/18/20 at 2:28 pm
Posted on 2/18/20 at 3:09 pm to failuretocommunicate
Well, it's going to cost you money to take it down which is almost 40% of the cost of a new building.
Posted on 2/18/20 at 3:25 pm to fishfighter
The seller thinks it's valuable, I don't though. So my offer will appear to be low ball. I'm trying to decide if I can come up near the asking price then sell off the building.... Trying to determine what that recoup number might be. And yes, I get that it will cost to remove but the steel beams and everything is in great shape, therefore it's worth something to someone looking to put one up.
Posted on 2/18/20 at 3:48 pm to failuretocommunicate
quote:
Thanks for all of the input. The property contains a small cottage and the metal building. I'm trying to decide what the value of the entire proper is to me. As previously mentioned I have very little use for the building and wife would probably want to take it down, sell it and be done with the eyesore (as she puts it). I'm sure many folks would love to have it. Is there a reasonable secondary market for these things? What is y'all's opinion as to value on the secondary market.... For the structure? It's in good shape, insulated, HVAC, and has 3 roll up doors.
Edit... In a nutshell I want the small house and property but don't want to pay for the building.
In the case of the building incorporated as part of an overall property with a house on it, I think the value of an outbuilding is more difficult to determine and often minimal depending on the buyers needs/wants. If the seller is using a realtor, I'd suggest you using a realtor as well (particularly if you know someone you trust), they can give you good advice on how to approach making an offer.
Posted on 2/18/20 at 11:51 pm to mdomingue
quote:
This is probably reasonable but ultimately it will come down to buyer vs seller motivation. Also building placement on the property may have an impact, as a poorly placed building can impact other consideration for the property potentially making the building a liability.
Domingue....you get it. This is exactly the situation i'm facing.
Posted on 2/19/20 at 7:43 am to failuretocommunicate
All you can do is offer whatever amount less you think the building is and see if they will take it. Have to be willing to accept you may not get the property if they think it’s that much more valuable than you do.
Posted on 2/19/20 at 8:15 am to mtcheral
Value if buying should be Zero unless you want it.
Just like a pool to me is Negative to me - the amount a dirt and and cost of backhoe for day.
If you wanted then no more then 1/2 cost of new one.
Its what it worth to buyer.
Just like a pool to me is Negative to me - the amount a dirt and and cost of backhoe for day.
If you wanted then no more then 1/2 cost of new one.
Its what it worth to buyer.
Posted on 2/19/20 at 9:25 am to failuretocommunicate
(no message)
This post was edited on 1/11/21 at 1:47 pm
Posted on 2/19/20 at 10:26 am to Matt225
quote:
Just like a pool to me is Negative to me -
This....
I think i'll offer without considering the metal building. The swimming pool analogy is the perfect rationale for my low offer. Some folks love pools, some are neutral towards them and many view them as a negative.
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