Property Value Factor #4: The Home
If the property has a house, and it is a house that the buyers intend to keep and/or remodel, this is often #4 on the list. Most buyers here are already risk-takers. Many own businesses and/or have built or substantially remodeled homes and see that the previously mentioned items (view, slope, waterfront) are more permanent in nature, while the home can be remodeled, added onto, or bulldozed. This explains why I am showing a lot with a single-wide trailer on it next week priced at $1 million, and am showing lovely new homes to others for half that price.
How is Smith Mountain Lake Waterfront Property Valued?
#1: View | #2: The Slope | #3: The Waterfront | #4: The Home | #5: Location | #6: Cove vs. Channel | #7: Lot Size
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3 responses so far ↓
1 How is Smith Mountain Lake Waterfront Property Valued? - Key Factor #2 // Mar 31, 2008 at 11:22 am
[...] is Smith Mountain Lake Waterfront Property Valued? #1: View | #2: The Slope | #3: The Waterfront | #4: The Home | Factor #5 | Factor #6 | Factor [...]
2 How is Smith Mountain Lake Waterfront Property Valued? - Key Factor #3 // Mar 31, 2008 at 11:31 am
[...] Homes For Sale ← How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #2 How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #4 [...]
3 How is Smith Mountain Lake Waterfront Property Valued? - Key Factor #1 // Mar 31, 2008 at 11:32 am
[...] is Smith Mountain Lake Waterfront Property Valued? #1: View | #2: The Slope | #3: The Waterfront | #4: The Home | Factor #5 | Factor #6 | Factor [...]
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