mitchjav
Recycles dryer sheets
Hi...for those that might have some expertise in this area...
Buying a new home in 55+ community. The cost of the home includes:
Question is from the standpoint of home value, do all of these costs become
part of the appraised value of the house or are some of the upgrades, appliances, 3rd party costs excluded. This is a newly build community so there are no (or very few) comps - concern is are we adding too many upgrades such that we're going to raise the value too high relative to other homes in the community and thus it becoming an issue when/if we decide to sell. So which costs, if any, would I deduct from the appraised and/or market value of the home?
Buying a new home in 55+ community. The cost of the home includes:
- the base price
- a "lot premium"
- the cost of structural upgrades (e.g. bumping out rooms)
- the cost of design upgrades (finishes) including things like appliances
- the cost of items that are being rolled into the purchase price by the builder but are really for 3rd parties - the cost of the window shades and the cost of the security system (both of which are handled by contractors who the builder works with)
Question is from the standpoint of home value, do all of these costs become
part of the appraised value of the house or are some of the upgrades, appliances, 3rd party costs excluded. This is a newly build community so there are no (or very few) comps - concern is are we adding too many upgrades such that we're going to raise the value too high relative to other homes in the community and thus it becoming an issue when/if we decide to sell. So which costs, if any, would I deduct from the appraised and/or market value of the home?