I am purchasing a house here in a new subdivision. I see that 2 streets across from mines, they are working on building a huge Great Landings Country Club Golf Resort that is to offer lots of amenities. I am wondering if this will cause the value of my house and property to increase once complete, or will it drive down the value.
2007-03-16 07:50:27 · 8 answers · asked by Lady Love 1 in Business & Finance ➔ Renting & Real Estate
You Bet!
I moved into a 130,000 home in 1999. They (tom Watson) built the national within eyesight of my back yard making the view beautiful.
Due to refinancing I had the house appraised to remove the POI and it appraised for 190K, NOW I did remodel the Kitchen and add siding, but that in itself didn't raise the price. It helped but the appraiser said the National CC helped a lot.
Thanks Tom!
Not sure why everyone thinks Property Taxes will increase, mine haven't in 6 years the National has beein operation.
2007-03-16 08:02:01 · answer #1 · answered by Uncle Red 6 · 0⤊ 0⤋
Yes it does provided the plans go through. Bear in mind that, with that, comes the increased property taxes. In some cases taxes can double or triple if both the increase in desireability of the neighborhood and the subsequent increase in home prices occur.
2007-03-16 15:00:21 · answer #2 · answered by mufflerbearings1967 3 · 0⤊ 0⤋
Probably. Unless your house is an eyesore, in which case you may want to sell it before the club is complete, to take advantage of the "anticipation" premium.
However, if you have the money, and the house can be fixed up and improved, that would be a better way to go.
2007-03-16 14:54:35 · answer #3 · answered by InspectorBudget 7 · 0⤊ 0⤋
Definitely will increase the value - the downside to that is your property taxes will increase as well!
2007-03-16 14:53:49 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Yes, it will increase
2007-03-16 15:15:52 · answer #5 · answered by deej 2 · 0⤊ 0⤋
check with a realtor about this one...they know the neighborhood best....good luck
2007-03-16 14:54:03 · answer #6 · answered by The Emperor of Ecstasy 5 · 0⤊ 1⤋
way up.
2007-03-16 14:53:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i would think so.
:)
2007-03-16 14:52:46 · answer #8 · answered by madina 4 · 0⤊ 0⤋