west point
Engineer
Housing costs ? Even our small city it costs. New subdivision impact fees come to $25,000 per lot 1/2 to 3/4 acre. Then sewer tap fee $2500 water tap fee $2000, gas fee $1500. Then all the other costs loan companies require especially FHA and GI.. 36" doors, wide stairways, energy efficient water heaters and HVAC, expansion tank, 200 amp service, storm water retention wells, curbing and sidewalks, high wind house anchors, home run water, telephone, cable connections, fire resistant construction, insulated windows, new insulation standards R-19 to R-24 walls , R40 ceilings, max air loss turnover standards. etc.
Then you have region costs hurricane, tornado cellars, earthquake proofing to a certain Richter scale, flood plain mitigation raising homes, green vegetation installation so forth.
All that adds up which has the effect of driving up older home resale values.
Then you have region costs hurricane, tornado cellars, earthquake proofing to a certain Richter scale, flood plain mitigation raising homes, green vegetation installation so forth.
All that adds up which has the effect of driving up older home resale values.