Can the value of a house that hasn’t been built yet continue to grow?
If they are sold by lots and and you don’t get the first one, can the house value grow each time a set of lots are being sold
- Anonymous1 month agoFavourite answer
If the area is in demand, the unimproved (not built) lot can increase in value. They can also decrease in value if the market goes down or people start to realize that the area is a bad location to build due to roads, schools, local government, local housing patterns, poor design and quality of houses built on previously sold lots.
- SlickterpLv 71 month ago
There is no value of a home that is not built.
- curtisports2Lv 71 month ago
The land value can increase. Anything else is the increase in costs of labor and materials. If the value of the exact same house, to be built, as one that is existing is $50,000 higher but it costs $40,000 more to build than what the existing house cost, that is an increase in the value of the land by only $10,000.
- Anonymous1 month ago
It depends on supply & demand.