Quail Creek Reservoir Topics: Relationship of Lot to Price
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Name:   roswellric The author of this post is registered as a member - Email Member
Subject:   Relationship of Lot to Price
Date:   6/7/2006 4:03:13 PM

Historically the developed land costs are 20% of the total development cost / price. That has risen to 25-30% in most Atlanta areas. Now you can probably get over 30% with waterfront or special situations such as golf but the builders/bankers feel more comfortable at a max of 30%. So a $400K lot is going to get you a $1.2- $1,5M house. Then the builder looks at the house that will fetch that much and if it works it's built.

Haven't done one in years but I think that's about right. Point is there is a relationship of lot cost to house price. So if Russell prices lots at $400K then you will get a $1.2 -$1.5M house.
Other messages in this thread:View Entire Thread
property values... - Bob - 6/7/2006 11:21:09 AM
     property values... - roswellric - 6/7/2006 11:32:50 AM
     property values... - lamont - 6/7/2006 12:18:37 PM
     property values... - Feb - 6/7/2006 12:46:36 PM
          property values... - boataholic - 6/7/2006 12:59:32 PM
               property values... - Bob - 6/7/2006 1:17:19 PM
                    Bob... - Osms - 6/7/2006 2:11:48 PM
                         Bob... - boataholic - 6/7/2006 2:18:37 PM
               property values... - Osms - 6/7/2006 2:00:43 PM
                    I agree with OSMs - noagenda - 6/7/2006 2:11:47 PM
                         noagenda... - Osms - 6/7/2006 2:17:12 PM
                              noagenda... - noagenda - 6/7/2006 5:11:52 PM
                                   noagenda... - Osms - 6/7/2006 6:17:47 PM
                    property values... - Feb - 6/7/2006 2:19:49 PM
               Relationship of Lot to Price - roswellric - 6/7/2006 4:03:13 PM
                    What about..... - noagenda - 6/7/2006 5:14:00 PM
                    Relationship of Lot to Price - Osms - 6/7/2006 5:51:25 PM
                         Relationship of Lot to Price - roswellric - 6/7/2006 7:00:31 PM
                         Relationship of Lot to Price - JIM - 6/7/2006 7:01:35 PM
                              Relationship of Lot to Price - Osms - 6/7/2006 7:59:48 PM
                                   Relationship of Lot to Price - JIM - 6/7/2006 8:28:14 PM
                                        Relationship of Lot to Price - Osms - 6/7/2006 9:56:10 PM
                                   APCO Leases - Island Camper - 6/8/2006 11:24:33 AM
          property values... - FLee - 6/8/2006 1:08:03 PM
               property values... - 2thelake - 6/8/2006 2:07:05 PM
     Whats Driving the Market - Maverick - 6/7/2006 7:07:19 PM
          Whats Driving the Market - Osms - 6/7/2006 8:07:04 PM
               Whats Driving the Market - Maverick - 6/7/2006 8:51:06 PM
     property values... - cobra - 6/7/2006 10:41:47 PM
          property values...not Lanier - noagenda - 6/8/2006 9:58:15 AM
               property values...not Lanier - lamont - 6/8/2006 10:27:34 AM
                    simple thought - 2thelake - 6/8/2006 10:51:25 AM
                         simple thought - HTMLman - 6/8/2006 11:02:04 AM
                         simple thought - LifeTime Laker - 6/8/2006 11:04:45 AM


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