WilderSueden
2022-02-11 16:10:19
- #1
This is a false assumption because it overlooks a few things 1. Plots are hard to get. Today you can put yourself on a waiting list and be told in a year that unfortunately someone else had 2 points more... 2. Building takes time. Even if you already have the plot secured and it is developed, nothing happens in less than a year, rather 1.5-2 years from the decision to moving in. 3. Horror stories about butcher houses, etc. The old building at least already exists, although of course one or the other surprise may be lurking. 4. Building is a lot of effort. The proverbial agony of choice with a thousand things. You either like the existing property or not. And I think we agree that the construction phase is also a lot of effort, even if you exclude personal labor. 5. In the current market, there are plenty of people who massively underestimate the need for renovation and then win the bidding process. If 90% of people calculate honestly, the 10% who don’t buy. And neither realtors nor sellers will bring you close to reality.Every homebuyer calculates. If they can get an equivalent plot plus new construction for less money, they will NEVER buy the old building.