When pricing a home it is a fairly simple procedure - land value plus construction cost.  

The problem is establishing land value, as there are many variables - some good, some bad. 

Example:  crime, high unemployment, hydro lines, etc.  On the good side:  good schools, good transportation - like near a subway stop, waterfront, mountain view. 

In the Real Estate business we spend thousands of dollars on studies to identify these variables and the last posting caught me surprise!  Homes within walking distance of a Starbucks or a Tim Horton's are appreciably more valuable!!!

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Harold Pope

Harold Pope

Sales Representative
CENTURY 21 New Age Realty Inc., Brokerage*
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