4 Thoughts on Does the cost of hiring someone to build a house add to the value of the home?
  1. Reply
    February 23, 2013 at 1:28 am

    Whoever does the taxing makes the assessment of the homes value. You are suggesting that because that is what it cost you to build it that is what it should be worth. Consider: lets say a contractor built this house for $ 150,000 and nobody bought it at that price, that they highest offer was $ 125,000. That would make it a $ 125,000 house.

  2. Reply
    the kid
    February 23, 2013 at 2:16 am

    You are taxed for what the county assessor determines the value is. If you did it right, it would be MORE than $ 150,000. You don’t WANT the house to only be worth what you paid for it.

    If a house was only worth exactly the cost to build it, no one would build houses for a living…b/c they would make no money.

  3. Reply
    February 23, 2013 at 3:08 am

    the cost of building is what u pay for.
    locals will assess the value after built
    then u get tax bill.

  4. Reply
    February 23, 2013 at 3:12 am

    Building a house is normally valued at 50% of the cost to build the house. This is normally the value a tax assessor would place on a property for tax purpose.

    This 50% figure is normal for you to secure a construction loan to build the house. Normally a lender would allow a construction loan to become the mortgage loan upon completion of the construction and certificate of occupancy has been issued by the city, so as not to apply for and be approved for two different loans. The now do it under one roof.

    I hope this has been of some benefit to you, good luck.

    “FIGHT ON”

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