Wednesday, June 29, 2011

Market value of the houses

One person told me that the value of the houses will increase if the road was public.   I disagree.    The value of the houses would increase, however, if we had a private road that was in good shape.   

On the other hand, trying to sell your house over the next 3-4 years with a betterment charge at $150 per foot of frontage hanging over a potential home-buyer's head will hurt the market value of the houses.  Not to mention the increase assessed value that will surely result from Stark Road becoming public. 

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