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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 04 Feb 2005 06:07:21 -0000
/ Author of the message: Gordon Reeder |
Title of the message: |
Re: Residential Real Estate Seen as Improved Land
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Text of the message: |
"Stephen Horrillo" <usenet@stephenhorrillo.com> wrote in news:lEiMd.23883$t67.3189@bignews5.bellsouth.net: > I'd like to discuss the concept that a "home" is merely improved land. > There is the land market to consider AND the depreciation of the home > on that land. From an accounting perspective a house can be > depreciated but not the land it's on. As a Realtor I see buyers fall > in love with the house and don't even come close to thinking about the > land that it's built on, and IMO it's what happens to the vale of the > land that's going to determine if it's a good or bad future > investment. > Yes, but as you know it's the house that determines what a buyer will pay for it. Two simular houses, same community, one on a half acre lot the other on a 75x80 lot will sell according to the square footage of the house on the lot. -- Just my $0.02 worth. Hope it helps Gordon Reeder greeder at: myself.com |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.