Quick House Question
- Thread starter stussy5555
- Start date
You can see that it definitely is outdated and needs work. Also, for some reason the exterior of the house was re-stuccoed, and I need to find out why.
+rep thanks for posting pictures
Thats a pretty ballin house, but yah I can see why you'd want to redo/change some stuff around.
Still looks like a killer deal, but I dont know shit
so I'm problaby wrongyeah, looks like nice house but if its in area like las vegas where entire subdivisions of homes like that are defaulting then you could wait a long time for appreciation.....price is all relative to wherever you are and price/sq ft isnt the greatest basis for value but in this market you can pick up homes built in the last 5-8 years for less than cost of construction....material costs are going back up....yes, property taxes for homes built at peak are assessed at those high values(depending on state you can appeal those values)........anything built during the peak was built for resale prices at significantly higher prices so you can can get them dramatically below actual cost of construction since they were built with higher end amenities......also buying up developable land is what the smart money is doing right now.....had client last month offered a bank 200k cash for land already approved for 24lots that the bank had a loan to a developer for $1.1million.....bank took it because developers cant borrow/get financing right now....prime land is dirt cheap right now.
I always get bothered by the local property taxes for some reason. IF you are ok with all the taxes then the house has potential.
I like Zillow.com because gives you good info about the house and the neighborhood.
I like Zillow.com because gives you good info about the house and the neighborhood.