Updated almost 6 years ago on . Most recent reply
How to estimate renovated (new) house value
How would one estimate what the new value of a renovated / new house after it has been flipped, or torn down and rebuilt?
Let's say you buy a 1500 sq ft home on a big half acre lot in a desirable area, tear it down, and expand it to 4000 sq ft.
Would you go by sold houses price per square foot in the same area?
That seems like apples & oranges since sold comp sales may be significantly older and less desirable.