Re: ot:Paved Road? Increase home value?

Posted by NC Wayne on February 14, 2006 at 22:02:23 from (64.12.116.74):

In Reply to: ot:Paved Road? Increase home value? posted by steve_ne on February 14, 2006 at 09:04:14:

I can't say how things will be in your neck of the woods, as they seem to be different everywhere you go, but it didn't help mine a bit. When I built my house in '94 the road out front was dead ended and gravel. Since then the property in behind me got a paved road put in by the owner and then subdivided into 4+ acre plots and sold. Eventually the gravel road out front got a makeover and paved. As far as the value of the house I refinanced shortly before the road was paved about 6 years ago and then again recently when rates were so low. Figuring for a "normal" increase in value because of the new development behind me and time, the house and land didn't appraise for anymore with the road paved and the new development than it did with a gravel road and nothing but woods behind me. Now when thdy did the road out here it was a state job so there was no questioning of wether they were gonna do it or not. I do know that everybody claimed that it would cause a decreese in dust around the house with a pave road vs the gravel....Didn't happen.... This is just my experience though, good luck with your situation.

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