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Assessed value -cost of construction
#1
Aloha,everyone!
Please,forgive me if I ask too many questions.
They all have a very practical purpose:I am trying to build something I can afford and actually like.It might be not possible in my case.I will accept it and move on.
I looked at the TMK of the house I recently asked about.It was built in 1999 and the assesed value is $54900.
I understand that the prices on labor and materials are probably different now.And it has a cesspool,My area requires a septic tank.
I also understand that different factors might be included.
All I need is a general " rule of thumb" I can apply in my preliminary search:
if the house is assessed,say $ 100000 in year 2008,can I build it for the same money in year 2008?
I am just a woman with no construction knowledge.
And I have a confession to make:when I look at a plan,I don't see he house like in the picture.I am not dislexic ...It's just "not my forte".
P.S. I know that the price for a basic house is about $130/sqft.My ? is alittle bit different.
Thank you in advance for your time.
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Whatever you assume,please
just ask a question first.
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Assessed value -cost of construction - by StillHope - 02-05-2008, 02:07 PM

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