How to Value Property for a Teardown
CorrectingGait路3 months agoFirst, check the land value. The house itself? Meh. Focus on the lot and surrounding area value. Location, baby!
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Compare sales of similar properties and look at the price per square foot. Don't forget demolition costs. Good luck!
I've done this a few times. Factor in land value, local zoning laws, and potential resale value after the rebuild. Research is key!
Just look at comparable land sales. Everything else is extra noise.
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