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Started By
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re: How much per sq ft did you pay for your house?
Posted on 7/19/20 at 8:19 am to marchballer
Posted on 7/19/20 at 8:19 am to marchballer
quote:
Hopefully we’ll move in a few years to Seattle and pay half. $300/ sq ft.
Good luck with that...
1
Posted on 7/19/20 at 8:28 am to MusclesofBrussels
316 in san deigo, it can much worse than that out here.
Posted on 7/19/20 at 8:37 am to LSUTigerBait07
146 in BR, bought below appraisal, and has increased in value. 2200 sq ft but I have a 450 sq ft bonus room that's not included. In a couple of years, it's become worth 10 percent more. Haven't really done anything to it either. Just a good area.
This post was edited on 7/19/20 at 8:43 am
Posted on 7/19/20 at 8:40 am to cubsfan5150
$35.11
Posted on 7/19/20 at 8:43 am to ljhog
$125 in BR
Posted on 7/19/20 at 8:49 am to cubsfan5150
I just had to look it up.
$522/sq ft
$522/sq ft
Posted on 7/19/20 at 8:53 am to cubsfan5150
Current home $200. Just sold after 12 years for $200. New home just purchased at $153.
Posted on 7/19/20 at 8:55 am to cubsfan5150
New build last year. $150 in Beautiful St George
This post was edited on 7/19/20 at 10:05 am
Posted on 7/19/20 at 8:58 am to azcatiger
Under $35 sqf back in 1996, but did 90% of the work myself.
Guest house, around $13 sqf, all lumber came off my own land that came off my saw mill.
Guest house, around $13 sqf, all lumber came off my own land that came off my saw mill.
Posted on 7/19/20 at 9:01 am to Mr Perfect
quote:
yup. these ppl saying under 100 really exposing themselves to the junk places they live lol
Well, that's like your opinion. Man.
Suburbs in greater Atlanta can find lots of deals on $250k to $400k homes around $100/sf. Hell. I've even seen a few $500k homes in that range as well.
These aren't mcmansions. But $250k to $400k will get you a damn fine house OTP.
Posted on 7/19/20 at 9:12 am to East Coast Band
quote:
Do I count the basement?
Depends on the rules which vary by state. My house is about 3200 square feet if you count the finished basement. But it doesn't count for square footage and tax purposes because it doesn't have an exit to the outside.
This post was edited on 7/19/20 at 9:18 am
Posted on 7/19/20 at 9:21 am to Saint Alfonzo
quote:
quote:
Do I count the basement?
Depends on the rules which vary by state. My house is about 3600 square feet if you count the finished basement. But it doesn't count for square footage and tax purposes because it doesn't have an exit to the outside.
That is less about "rules" and more about why you are figuring cost per square foot.
Mortgage lenders (and the appraisers that they hire) never count heated square feet in the basement.
For that reason (because so many people finance their home), most tax assessors do home valuations the same way.
The basement is counted in the appraisal as a separate column. But it gets treated differently.
In most cost approach calculators, the basement cost per square foot could he half to 1/3 the estimated cost to rebuild than the main "above grade" living area. For that reason, most insurance companies also treated "below grade" square footage differently/separately as well.
Posted on 7/19/20 at 9:56 am to meansonny
quote:
That is less about "rules" and more about why you are figuring cost per square foot. Mortgage lenders (and the appraisers that they hire) never count heated square feet in the basement. For that reason (because so many people finance their home), most tax assessors do home valuations the same way. The basement is counted in the appraisal as a separate column. But it gets treated differently. In most cost approach calculators, the basement cost per square foot could he half to 1/3 the estimated cost to rebuild than the main "above grade" living area. For that reason, most insurance companies also treated "below grade" square footage differently/separately as well.
Like I said, it varies from state to state. From an article on Realtor.com:
quote:
As a general rule of thumb, listing agents and appraisers don't count a finished basement toward the overall square footage, especially if the basement is completely below grade—a term that means below ground level. Whether an appraiser includes basement living space ultimately depends on which state you live in. Your local county assessor’s office determines whether appraisers can count the square footage, finished or unfinished, as part of what's known as the "gross living area."
Posted on 7/19/20 at 10:01 am to Saint Alfonzo
The "rule" for the county tax assessor is that if they want to overtax you, then they will include it.
They will compare a 1500 square foot footprint (4500 sf 2 story home with finished basement) to a 4500 square foot ranch and jack up the valuation.
You can contest their valuation and possibly win because the county wont be consistent enough in a neighborhood with the square footage calculation for equal application under the law.
They will compare a 1500 square foot footprint (4500 sf 2 story home with finished basement) to a 4500 square foot ranch and jack up the valuation.
You can contest their valuation and possibly win because the county wont be consistent enough in a neighborhood with the square footage calculation for equal application under the law.
This post was edited on 7/19/20 at 10:03 am
Posted on 7/19/20 at 10:16 am to meansonny
quote:
The "rule" for the county tax assessor is that if they want to overtax you, then they will include it. They will compare a 1500 square foot footprint (4500 sf 2 story home with finished basement) to a 4500 square foot ranch and jack up the valuation. You can contest their valuation and possibly win because the county wont be consistent enough in a neighborhood with the square footage calculation for equal application under the law.
Yeah, where I'm at in NJ, there's no rhyme or reason to it. The real estate market up here makes no sense at all.
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