Home Buying in Philadelphia>Question Details

Tim, Home Buyer in Philadelphia, PA

Here is the skinny. There is a lot for sale in Philadelphia city limits for roughly $50K. There are houses

Asked by Tim, Philadelphia, PA Wed Jun 18, 2008

around it that go for roughly $200K. In this city, and in this current market, would it make any sense whatsoever to buy the lot and build a new house? Or would I be spending way more to build it than I could if I bought a used one right next to it.

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There is a 10-year tax abadement in the city of Philadelphia which makes new construction more valuable.
0 votes Thank Flag Link Wed Jun 18, 2008
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