By Marcie Geffner - New Home Source
When you purchase a new home, you also purchase the lot that it is built on. Some lots may cost more than others, due to many factors.
How much more (or less) you’ll pay for a lot you like depends on the lot’s characteristics and how the builder adds the perceived value of those characteristics to the home’s price, says Priscilla Schumacher, director of sales and marketing at Edward R. James Homes, a homebuilder in Glenview, Ill.
“Let’s say one home is set further up than another,” Schumacher says. “Is the view going to be stopped or will you see a wider range? Are you looking at a pond? A park? A golf course? You plus this and minus that and that’s what we add to the base price of that home.”
Read more:
https://www.newhomesource.com/guide/articles/new-home-lot-worth-premium
When you purchase a new home, you also purchase the lot that it is built on. Some lots may cost more than others, due to many factors.
How much more (or less) you’ll pay for a lot you like depends on the lot’s characteristics and how the builder adds the perceived value of those characteristics to the home’s price, says Priscilla Schumacher, director of sales and marketing at Edward R. James Homes, a homebuilder in Glenview, Ill.
“Let’s say one home is set further up than another,” Schumacher says. “Is the view going to be stopped or will you see a wider range? Are you looking at a pond? A park? A golf course? You plus this and minus that and that’s what we add to the base price of that home.”
Read more:
https://www.newhomesource.com/guide/articles/new-home-lot-worth-premium