Which usually appreciates faster -- the value of the land that you own or the value of the home on it ? - how the residential plots are valued in chennai
I think my lot in a residential area in the Greater St. Louis is booming. A 3 acre parcel in my current subdivision is listed for € 280,000. Less than 5 miles away 3 hectares in the middle of the price representing. Our plan is a house on the land that we buy to build in 5 years. The purpose of my question about the value of land in proportion to the value of the house, which will help to decide how much money to fall into the ground now. Would it be better, so that only the minimum payment required and the creation of an arm to reduce my payments? My plan is to leverage the overall growth in equity in the country as a down payment on the mortgage on the house when we decided to build. I fear that waiting too long, because we really really love this area and the development of AFc ......... Sorry for the long post.
Saturday, February 20, 2010
How The Residential Plots Are Valued In Chennai Which Usually Appreciates Faster -- The Value Of The Land That You Own Or The Value Of The Home On It ?
1 comment:
Not knowing is the market in your area, do not answer this question in more detail. If the market is at a turning point and the properties of the movement, then you have to act now to buy now, it should rather than later. You said you loved the area and that's where you want to build your dream home. You need to buy the land that now if you have the feeling that a fair price. Ask a real estate agent to run some numbers with property sales in the neighborhood to see how long the country was on the market until it is sold, what was the selling and buying what was the price. This will give us a good overview of the market situation in this sector. You can also check the status of employment and population growth.
In our region there are reports indicating that we can harvest at a crossroads and are already sales. The inventory is down and achieve higher prices. Well, I advise my clients in similar situations like the ones you do not build (not yet ready to buy but certainly in the coming years) and guarantee that their country now and for using the equity - of Land the payment on your construction loan.
One final thought. It is probably a good buy for 200,000 to twice its value to the 400,000 who bought a property, 400,000 value to double to 800,000.
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