2007-06-28 06:10:09 · 6 answers · asked by WATTY 1 in Business & Finance ➔ Renting & Real Estate
Location, Location, LOCATION ..
.. and, of course, what building ???
Check out the SELF BUILD web sites & discussion forums .. .. they suggest average self build budget 150k, of which Land cost is about 50k (with the house costing 100k)
I have a friend who bought just enough land (on the outskirts of a vilage near Luton) for one tiny 2 bed house for £25,000 !
It's going to cost them about £75,000 to build the house (to their specification) and once it's finished it's going to be 'worth' at least £150,000 (maybe more by the time they finish:-) )
So, in their case, Land was 25% of the total.
(Once the house is built, it no longer makes sense to attempt to price land and house seperately :-) )
2007-06-28 07:19:34 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Land To Value Ratio
2016-10-31 22:17:50 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It depends on the property and the area. Sometimes the land value is more valuable than with a developed building on the property.
2007-06-28 06:17:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
all depends on area the house is situated and cost of living in that area as a general rule a two thirds more of building land to value of property
2007-07-02 00:49:16 · answer #4 · answered by andy 2 · 0⤊ 0⤋
Traditionally as a brief rule of thumb:
1/3 for the land
1/3 for the build costs
1/3 for profit
Depends what you're building, where, and why.
2007-06-29 00:24:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
do you mean value of vacant land vs. value of improved land less cost of improvements?
2007-06-28 06:28:03 · answer #6 · answered by therainbowseeker 4 · 0⤊ 0⤋