Lake Cumberland Topics: Relationship of Lot to Price
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Name:   Osms The author of this post is registered as a member - Email Member
Subject:   Relationship of Lot to Price
Date:   6/7/2006 5:51:25 PM

Ric, your point is well taken as to the ratio of lot to house and what should be built there to make the bank 'feel' good, but that is my whole point. The builders are not putting the value into the home to justify a 1.2-1.8M price. Many of these homes are tract homes that are designed as one and 1/2 story homes. The builders have taken these plans added a basement (plus 2 bdrms and a den) and made a three story tract home. Finishing a basement doesn't cost $300 per sq foot.

I even looked through a couple of homes that are FOUR stories---AND NO ELEVATOR--but a price between 2.5 and 2.8M
Other messages in this thread:View Entire Thread
property values... - Bob - 6/7/2006 11:21:09 AM
     property values... - roswellric - 6/7/2006 11:32:50 AM
     property values... - lamont - 6/7/2006 12:18:37 PM
     property values... - Feb - 6/7/2006 12:46:36 PM
          property values... - boataholic - 6/7/2006 12:59:32 PM
               property values... - Bob - 6/7/2006 1:17:19 PM
                    Bob... - Osms - 6/7/2006 2:11:48 PM
                         Bob... - boataholic - 6/7/2006 2:18:37 PM
               property values... - Osms - 6/7/2006 2:00:43 PM
                    I agree with OSMs - noagenda - 6/7/2006 2:11:47 PM
                         noagenda... - Osms - 6/7/2006 2:17:12 PM
                              noagenda... - noagenda - 6/7/2006 5:11:52 PM
                                   noagenda... - Osms - 6/7/2006 6:17:47 PM
                    property values... - Feb - 6/7/2006 2:19:49 PM
               Relationship of Lot to Price - roswellric - 6/7/2006 4:03:13 PM
                    What about..... - noagenda - 6/7/2006 5:14:00 PM
                    Relationship of Lot to Price - Osms - 6/7/2006 5:51:25 PM
                         Relationship of Lot to Price - roswellric - 6/7/2006 7:00:31 PM
                         Relationship of Lot to Price - JIM - 6/7/2006 7:01:35 PM
                              Relationship of Lot to Price - Osms - 6/7/2006 7:59:48 PM
                                   Relationship of Lot to Price - JIM - 6/7/2006 8:28:14 PM
                                        Relationship of Lot to Price - Osms - 6/7/2006 9:56:10 PM
                                   APCO Leases - Island Camper - 6/8/2006 11:24:33 AM
          property values... - FLee - 6/8/2006 1:08:03 PM
               property values... - 2thelake - 6/8/2006 2:07:05 PM
     Whats Driving the Market - Maverick - 6/7/2006 7:07:19 PM
          Whats Driving the Market - Osms - 6/7/2006 8:07:04 PM
               Whats Driving the Market - Maverick - 6/7/2006 8:51:06 PM
     property values... - cobra - 6/7/2006 10:41:47 PM
          property values...not Lanier - noagenda - 6/8/2006 9:58:15 AM
               property values...not Lanier - lamont - 6/8/2006 10:27:34 AM
                    simple thought - 2thelake - 6/8/2006 10:51:25 AM
                         simple thought - HTMLman - 6/8/2006 11:02:04 AM
                         simple thought - LifeTime Laker - 6/8/2006 11:04:45 AM


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