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TOPIC: plot with built house cheaper than empty plot?
#94
Lakshmi (User)
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graphgraph
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plot with built house cheaper than empty plot? 3 Years, 10 Months ago Karma: 0  
I was talking to my manager about self-built houses and the price of land.

He told me that a few years ago, he had seriously looked into the matter and came to the conclusion that buying a plot of land with a built house on it was cheaper, even if you'd demolished the house and started again.

Anybody came to the same conclusion?
 
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#95
jackson (Admin)
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graph
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Re:plot with built house cheaper than empty plot? 3 Years, 10 Months ago Karma: 3  
I guess there are so many variables that this could well be the case for some circumstances.

There are a lot of developers who buy up a house with a large garden, put in for planning for a house in the garden and when that come through, selling up the original house...for more or less the same price they bought it for....and as if by magic, a very cheap building plot.

Every plot needs to be assessed in its own right.
 
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