What is the price relation of lot vs house?

Asked by aliworks4u, Lancaster, CA Mon Dec 3, 2012

How much a lot adds to the value of the hosue??

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Ron Thomas’ answer
Ron Thomas, Agent, Fresno, CA
Mon Dec 3, 2012
You've got it backwards:
Real Estate is the land!
The house is "attached" to the land, so it becomes part of the deal.
Anything that is "attached" to the house too.

The Assessor will separtate the house and land to determine the value/worth of each.
The only time this makes a diff to a Buyer, is when there is either no house on the land, or, it is a tear-down/rebuild.
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Tim Moore, Agent, Kitty Hawk, NC
Mon Dec 3, 2012
Here where I am the lot value is almost always more than the house that sits on it. Because we are oceanfront the lots are worth more than the house. Not sure about where you are asking about since you don't mention that.
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