Sat.Jan 07, 2017 - Fri.Jan 13, 2017

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How Does Lot Size Impact Property Value?

CP Home Appraisals

Homeowners who have larger lots than other lots in their area want to know if the value of their home would be substantially more. If a specific lot is approximately 3,000 to 5,000 square feet larger than other lots, it should have an appraised value that is greater. The more important questions is by how much? Researching other homes with larger lots and then comparing them to homes with smaller sized lots, will give you a pretty good idea of what the market is agreeable to pay.

article thumbnail

How Does Lot Size Impact Property Value?

CP Home Appraisals

Homeowners who have larger lots than other lots in their area want to know if the value of their home would be substantially more. If a specific lot is approximately 3,000 to 5,000 square feet larger than other lots, it should have an appraised value that is greater. The more important questions is by how much? Researching other homes with larger lots and then comparing them to homes with smaller sized lots, will give you a pretty good idea of what the market is agreeable to pay.