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Can my neighbors home increase my property value?

My neighbor just had the two homes next door to me demolished and now building a custom home on 2 lots both appx 4,600 square feet. Will this increase value of the homes on our block? Mine home Zestimate is $747,299. by jbearp537 from Cerritos, California. Feb 14th 2019 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,659 contributions

Typically, if your home is smaller and other homes in the area are bigger, then you do get a boost in your value by being in close proximity to the larger, higher priced homes. however this isn't allays true. Certain parts of the country have subdivisions where all the homes were built by the same builder with small variances in square footage, elevations and lay outs.. but in general, they are all in relatively close value to each other.. other areas in the country, you can have a $2M mansion, next to a double wide trailer home.. (Kingman AZ for example).. IF your neighborhood is a mix of large and small homes, and your home compares to the newly built home, then it's likely to give you a small boost. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Feb 14th 2019
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 792 contributions

Yes and No it depends on your exact scenario, what are you looking to do with this information, possibly sell or refinance? Call me with address and we can talk about it Ralph Guertin 954-274-7725 or email me at ralph.guertin@myccmortgage.com..we lend in ALL 50 states....

Feb 15th 2019
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