My daughter wants to buy a house in Staunton, VA and listing prices are all over the map. Comparables are
hard to come by. Since market value is what a buyer is willing to pay, how can that be determined when the price per square foot varies from $72 to $155?
Answers (1)
FIRST ANSWER
The price per square foot is determined by the quality of the house and by the amenities and upgrades in the house. On New Construction it is the same . It is determined by what the total cost to the builder. Also , the price of building a house today is more than it was last year , 10 years ago , 20 years agoe, etc....You will pay less for an existing home than you will New Construction, but at the same time, once you do a home inspection it make cost you less to pay more in the long run.
Web Reference: http://www.SUSAN-NEWTON.com
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